PAK BioSolutions Raises $12 Million Series A to Expand Continuous Biomanufacturing Product Line
Vienna, VA: Today, PAK BioSolutions announced that it has raised $12M from Arboretum Ventures, BroadOak Capital Partners, and other investors to expand commercial and product development efforts for its line of automated continuous manufacturing systems for biologics.
The PAK Pilot System is capable of processing 50-500L of cell culture per day, addressing a major segment of the biopharmaceutical production market. With this new financing, PAK will launch its PAK PD benchtop system for lower volume applications, processing 2-10 liters of cellular material per day, and the PAK K-Series system for large-scale commercial manufacturing of 20,000+ liters of material per day. Creation of these systems has required significant R&D resources to address the specific fluid dynamics of each process scale.
