Bio-Sourcing's EIC Accelerator Funding: A Game-Changer for Biopharma
Bio-Sourcing's Recent Achievements in Biomanufacturing
Bio-Sourcing, a leading biotherapeutic company based in Belgium, has secured significant funding aimed at revolutionizing the accessibility of biomanufactured medicines. Recently, Bio-Sourcing was awarded €2.5 million in grants and €10 million in equity from the prestigious European Innovation Council (EIC) Accelerator.
Impact of EIC Accelerator Funding
This funding is poised to be a turning point for Bio-Sourcing. With these resources, the company is set to advance its ambitious project of bringing the first biosimilar of adalimumab (Humira)—a common treatment for various autoimmune diseases—to clinical trials by 2027. This breakthrough is expected to generate substantial upfront payments and ongoing royalties, which will be reinvested into research and development, further enhancing Bio-Sourcing's capacity to introduce more biosimilars into the market.
Dr. Bertrand Merot's Vision
Reflecting on the recent developments, Dr. Bertrand Merot, the founder and CEO, expressed excitement about the future. He stated, "Our BioMilk platform is a revolutionary step for the biopharmaceutical industry. The financial backing from the EIC Accelerator highlights the transformative potential of our innovative approach in addressing pressing global healthcare issues. With this funding, we’re not only working towards making biotherapeutics more affordable but also enabling Europe to emerge as a frontrunner in the global biopharmaceutical sector."
Bio-Sourcing’s Innovative BioMilk Platform
At the heart of Bio-Sourcing’s strategy lies its BioMilk platform, which specializes in producing biotherapeutics, particularly monoclonal antibodies, in the milk of specifically bred goats. This innovative technique harnesses the natural capabilities of goats to produce complex proteins in their milk. Remarkably, this method is five times cheaper than traditional biomanufacturing techniques and significantly minimizes the environmental impact typically associated with pharmaceutical production.
Strategic Significance of Domestic Production
The implications of the BioMilk platform extend beyond financial savings. By facilitating local biosimilar production, Bio-Sourcing aims to contribute significantly to Europe’s self-reliance in biopharmaceutical manufacturing. This is particularly crucial given the recent global health emergencies, which have emphasized the urgent need for stronger self-sufficiency in essential medical supplies.
Expansion Plans for Bio-Sourcing
In tandem with this funding, Bio-Sourcing has outlined plans for expansion. This includes the enhancement of their facilities, scaling up their goat breeding operations and constructing a state-of-the-art industrial milk processing plant. These developments will not only support the company’s growth trajectory but also bolster its production capabilities, allowing for greater output and efficiency.
About Bio-Sourcing
Bio-Sourcing stands at the forefront of biotechnology, having developed an innovative and economically viable platform for producing a new generation of biotherapeutics. This includes monoclonal antibodies created through advanced technologies such as genome editing and nuclear transfer. As the demand for biotherapeutics continues to grow, Bio-Sourcing's commitment to sustainable production practices positions it as a key player in the future of healthcare.
Frequently Asked Questions
What is Bio-Sourcing known for?
Bio-Sourcing is recognized for its innovative biomanufacturing processes, particularly in producing monoclonal antibodies through its unique BioMilk platform.
What funding has Bio-Sourcing secured?
The company received €2.5 million in grants and €10 million in equity from the European Innovation Council (EIC) Accelerator.
What will the funding support?
The funding will help Bio-Sourcing advance its first biosimilar of adalimumab to clinical trials and expand its production facilities.
What is the BioMilk platform?
The BioMilk platform allows for the production of complex proteins in goat’s milk, making the process more cost-effective and environmentally friendly.
Why is local biosimilar production important?
Local biosimilar production enhances Europe’s capability to be self-sufficient in essential pharmaceutical supplies, especially highlighted during global health crises.
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