Primrose Bio reposted this
We are excited to see Primrose Bio's continued progress. This investment by 1315 Capital further validates the strength of Primrose’s technology solutions which we expect to generate significant value for Primrose shareholders, including Ligand. As we announced last week, Merck’s CAPVAXIVE™ utilizes Primrose’s Pfenex Expression Technology® platform. Ligand is entitled to royalties on CAPVAXIVE as well as five additional commercial products developed with the Pfenex technology. We will also benefit from potential future revenues through additional partnerships with Primrose.
Primrose Bio announces a significant equity investment from 1315 Capital. “...With this investment, we are well-positioned to advance our therapeutic protein and nucleic acid manufacturing solutions with our existing large-pharma collaborators and future partners.” - Helge Zieler, CEO of Primrose. Read the full press release: https://lnkd.in/g6bkkNmp #PrimroseBio #1315Capital