Economic support for 53Biologics from Valladolid. Gaea has formalized a joint investment of $8.25 million (€7 million) with Inveready Biotech in Biotechnology Developments for Industry (BDI), head of the BDI group, with the main objective of promoting the growth of its biopharmaceutical subsidiary 53Biologics. This company specializes in the supply of enzymes for mRNA production.
The company was already owned by another vehicle of the management company that remains in the shareholding, Inveready Biotech II, which invested in the launch of the business initiative. The investment provides the company with the necessary resources through tranches to undertake investments to expand its facilities.
Founded in Valladolid in 2011, BDI is a business group dedicated to the development of biotechnological solutions and the development of enzymes and proteins for various industries, highlighting among them the food, industrial, pharmaceutical, diagnostic, and especially those necessary to create mRNA-based drugs.
Read more about the joint investment of Inveready and Gaesa in the biotech company 53Biologics and find the most important business headlines of the day with the Born2Invest mobile app. Don’t waste your time scrolling the internet, our team of seasoned writers will keep you updated with the latest market updates and the most important investments.
Gaea and Inveready will support BDI in its organic and inorganic growth
Through this investment, Gaea and Inveready will support BDI in its organic and inorganic growth, in order to consolidate growth and turn the company into a reference supplier along the entire value chain of mRNA-based therapies, as well as in its consolidation as a research and development (R&D) partner for other companies.
Although mRNA-based therapies have only recently become known due to the health crisis caused by COVID-19, it is a technology that has been in development for decades and is applied in a wide range of pathologies, including, in addition to infectious diseases, oncology and immunology.
The effectiveness of COVID-19 in vaccination has meant that the different clinical trials in this field have accelerated, making it necessary to find suppliers of the reagents needed to manufacture this type of drug. Ramón Resa, director of Gaea, commented that “we are very excited to accompany BDI in this new stage of growth, in which we will seek to provide it with the necessary industrial capacity to make it a relevant player in the provision of vaccine enzymes and mRNA-based therapies.”
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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