Wolves Summit News

Icosagen: EIB loan to support CDMO’s mammalian plant buildout

Written by WS Team | Mar 11, 2024 10:00:12 AM

The EIB has awarded Estonian CDMO Icosagen €18 million, supporting the financing of a 1,600
m2 production facility.

The European Investment Bank has awarded Estonian CDMO Icosagen €18 million ($19 million),
supporting the financing of a 1,600 m2 production facility.
The €18 million will form part of a total of €40 million being invested into contract development and manufacturing organization (CDMO) Icosagen’s R&D capabilities and a clinical-scale good manufacturing practice (GMP) plant in Tartu, Estonia.


The 1,600 m2 facility is scheduled to be project-ready in Q1 2024 and will include a 400 m2
cleanroom equipped with single-use bioreactors up to 1,000 L in scale, supplied by MilliporeSigma.


Downstream equipment – also part of MilliporeSigma’s Mobius range – will be capable of
processing kg-amounts of product, suitable for Phase I and II clinical trials.

https://www.bioprocessintl.com/facilities-capacity/icosagen-eib-loan-to-support-cdmo-s-mammalian-plant-buildout

 

 

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