mk2 Biotechnologies Receives a Multi-Million Sum in Seed Funding
“mk2 Biotechnologies’ objective is to apply its unique platform approach for the synthesis and purification of authentic peptides at large scales which can be broadly applied in several market segments. Using our synthesis technology, we can exceed both the quality requirements and the cost expectations. The key to our process is that we were able to eliminate the existing bottlenecks of established technologies” said Dr. Sebastian Mangold, Managing Director and one of the three co-founders of mk2 Biotechnologies. “The funding committed by this experienced syndicate represents a further validation of our technology and reflects the recent development of the bioactives market. The funding will enable us to continuously improve our platform and ramp up our production in order to move our first product candidates towards the application in volume markets such as cosmetics, food & beverages, agriculture and pharmaceuticals.”
This fall, mk2 Biotechnologies will transfer its R&D facilities to the Innovation and Start-Up Center for Biotechnology in Martinsried (IZB), just outside of Munich, which will enable the targeted growth of team, operations and business.
Other news from the department business & finance
Get the life science industry in your inbox
From now on, don't miss a thing: Our newsletter for biotechnology, pharma and life sciences brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.
Most read news
More news from our other portals
Something is happening in the life science industry ...
This is what true pioneering spirit looks like: Plenty of innovative start-ups are bringing fresh ideas, lifeblood and entrepreneurial spirit to change tomorrow's world for the better. Immerse yourself in the world of these young companies and take the opportunity to get in touch with the founders.