Monday, January 9, 2023

PBS Biotech Gets $22M

Camarillo-based PBS Biotech, which is developing single use bioreactors for the biotech industry, said it has raised $22M in a funding round. The funding was led by Avego Management, and also included BroadOak Capital Partners. According to the company, it will use the new funding to improve its product portfolio, expand its process development services capability, and increase customer support. The company is led by CEO Dr. Brian Lee. As part of the funding, Avego VP Jerry Liao has joined the company's board of directors. More information »