BiomeBank Secures $15M from Blackmores for Global Microbiome Tech
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BiomeBank Secures $15M Investment from Blackmores for Global Microbiome Tech Expansion
Adelaide biotech BiomeBank has secured a significant investment of $15 million from Blackmores, a powerhouse in natural supplements. This funding will fuel BiomeBanks global expansion, focusing on microbiome technology for gut health solutions to chronic issues. Blackmores, founded in 1932 and recently acquired by Kirin Holdings for $1.9 billion, is making its first move into health science outside Japan through this investment. BiomeBank, founded in 2018, specializes in restoring lost beneficial microbes and received the worlds first regulatory nod in 2022 for a donor-based therapy. With this backing, BiomeBank plans to develop next-gen products and expand internationally, capitalizing on the growing global interest in microbiome solutions for improved health.
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Adelaide News Today | 2 Min News | The Daily News Now! — BiomeBank Secures $15M from Blackmores for Global Microbiome Tech. Machine-transcribed; use the interactive transcript above to jump the player to any line.
It's April 20th. This is Adelaide News today, driven by AI. Adelaide biotech biobank just locked in a $15 million investment from Black Mores, the powerhouse and natural supplements. This cash injection fuels their push to take microbiome tech global, targeting gut health fixes for chronic issues. Black Mores founded back in 1932 and snapped up by Karen Holdings for $1.9 billion last year is making its first. Both through a fresh health science unit outside Japan, biobank's team of gut specialists founded the company in 2018 to restore lost beneficial microbes humans have shed over time. Leaders say it shows rock solid faith in their science and strategy for scaling up. They grab the world's first regulatory nod in 2022 for a donor-based therapy with their flagship product BioMICT are using fecal, transplants to battle serious bowel diseases, a custom stool lab open in 2020 to bank healthy donations.
Now with this backing, biome bank ramps up next gen products and international rollout, riding the wave of booming interest in microbiome solutions for better health worldwide.
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