This El Segundo Startup Wants to Manufacture Medicine in Space
El Segundo startup Varda Space Industries secured a $251 million Series D round this week, pushing its total funding to $598 million and valuation to $1.6 billion. The company develops compact orbiting spacecraft that function as microgravity labs to manufacture pharmaceuticals before returning them to Earth. For LA biotech entrepreneurs, this highlights growing investor appetite for novel off-planet production methods that could yield superior drugs.
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