Varda Space Industries secures $90M Series B funding for space-based drug manufacturing.
Varda Space Industries, a space-based drug manufacturing startup, secured $90 million in Series B funding. Founded in 2021, the company aims to manufacture pharmaceuticals in microgravity, driving down mission costs by refurbishing and reusing capsules. The funding will enable Varda to scale from its initial demonstration mission to a regular set of missions carrying customer payloads, with a focus on pharmaceuticals for the next 10-20 years.
April 05, 2024
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