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BRAIN Biotech AG Darmstaedter Str. 34-36 64673 Zwingenberg, Germany http://www.brain-biotech.de
Contact Mr Dr. Martin Langer +49 6251 933116
Company logo of BRAIN Biotech AG
BRAIN Biotech AG

BRAIN announces € 60m round of financing to expand its buy-and-build strategy

Raised capital earmarked to help position BRAIN as a fully integrated industrial company

(PresseBox) (Zwingenberg, )
The supervisory board and the board of management of the biotechnology company BRAIN AG agreed on a € 60m capital increase during the last routine meeting of the supervisory board. The capital increase helps pave the way for the implementation of BRAIN's "buy-and-build" industrialisation strategy. A smaller share of the proceeds will serve to further advance BRAIN'S technology platforms, which play a crucial role in the NatLifE 2020 and ZeroCarb FP innovation alliances funded by the German Ministry of Education and Research (BMBF).

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.