AbCellera, the biotech company partnering with major pharmaceutical players like Lilly on Covid-19 drug development, has raised $105 million in funding to ramp up by TheAlexKnapp
“We interrogate millions of immune cells and pull out the ones that have properties that are good for drugs,” says Hansen. “Then we break those cells open and sequence their DNA.”
Three years later, the company entered its first partnerships with pharmaceutical companies, and began to grow by leaps and bounds, according to Hansen. “We’ve been essentially doubling revenue and headcount every year,” he says. Partners now include pharmaceutical powerhouses like Lilly, Pfizer, Gilead and Novartis.
“Our philosophy here is that we all benefit when the best science has access to the best technology.”AbCellera had only raised $10 million from investors prior to Wednesday, consisting of a Series A round led by Data Collective in 2018. With this new $105 million round, Hansen says the company is looking to scale up its operations by hiring up to 100 new people .
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