Drug contamination test maker Rapid Micro secures $60M in financing to expand

woman with back to camera working in a laboratory
Rapid Micro Biosystems secured $60 million in financing to expand its microbial detection technology for drug manufacturers. (Michal Jarmoluk)

Rapid Micro Biosystems, maker of microbial detection technology for drug manufacturers, secured $60 million in financing to expand its global reach and develop new products.

The equity financing was led by Bain Capital Life Sciences and Xeraya Capital. Also included in the funding round were Asahi Kasei Medical, Longitude Capital, Quaker Partners, TVM Capital, and Richard K. Mellon and Sons.

Massachusetts-based Rapid Micro focuses on technology to detect microbial contamination in the manufacturing of pharmaceuticals, biologics, biotechnology products, medical devices and personal care products.

Free Daily Newsletter

Like this story? Subscribe to FiercePharma!

Biopharma is a fast-growing world where big ideas come along daily. Our subscribers rely on FiercePharma as their must-read source for the latest news, analysis and data on drugs and the companies that make them. Sign up today to get pharma news and updates delivered to your inbox and read on the go.

Its Growth Direct technology is a growth-based system that automatically detects contamination, helping reduce costs for drug manufacturers while increasing the quality control process, the company said. By quickly detecting microbial contamination, drug manufacturers can reduce inventory carrying costs, shorten manufacturing cycles and reduce product losses.

“The new round of investment will fuel significant business growth and strategic capability that will strengthen our ability to serve customers globally,” Robert Spignesi, Rapid Micro’s CEO, said in a statement.

Last year, Boston-based Bain teamed with the London-based private equity firm of Cinven to buy German drugmaker Stada in a $5.63 billion deal.

Suggested Articles

The FDA has raised questions about the manufacturing of Glenmark's new molecular entity Ryaltris, a nasal spray for seasonal allergic rhinitis.

Sun Pharmaceutical has struggled to meet FDA expectations for the manufacturing lines at its key launch plant in Halol, India. The struggles continue.  …

Online pharmacy Valisure has criticized the FDA for what it deems as irrational standards in the levels of suspected carcinogens in the drug supply.