Press "Enter" to skip to content

Regeneron Gets Limited Usage by US FDA
Regeneron Gets Limited Usage by US FDA
By Margarita Murphy on June 8, 2022
The FDA changed the emergency use authorizations for Regeneron and Eli Lilly's COVID-19 antibody therapies on Monday, limiting their use because the medications are unlikely...
Gilead Sciences to Lay Off Staffers
Gilead Sciences to Lay Off Staffers
By Margarita Murphy on March 10, 2022
When Gilead Sciences paid $21 billion for Immunomedics and the breast cancer medication Trodelvy a few years ago, it was regarded as a substantial push...
Three baby formulas were recalled by Abbott Nutrition.
Three baby formulas were recalled by Abbott Nutrition.
By Margarita Murphy on February 18, 2022
Abbott Nutrition announced a recall of three of its infant formulas after four babies who consumed the company's products reported to have been hospitalized for...
America Biopharmaceutical Company Vertex Pharmaceuticals Shares Crashes
America Biopharmaceutical Company Vertex Pharmaceuticals Shares Crashes
By Margarita Murphy on February 4, 2022
American Biopharmaceutical Company Vertex Pharmaceuticals Inc. shares slumped 0.53% to $196.78 Tuesday. This proved to be an all-around positive trading session for the stock market,...
Covid-19 Vaccine Usage Permission Seeked by Pfizer and BioNTech
Covid-19 Vaccine Usage Permission Seeked by Pfizer and BioNTech
By Margarita Murphy on February 3, 2022
Pfizer and BioNTech have announced the start of a rolling proposal to modify the Covid-19 vaccine's emergency use authorisation (EUA) to include children aged six...

Abortion ban limits women from necessary meds
Abortion ban limits women from necessary meds
By Gilberto Amundsen on September 28, 2022
The major ban on Abortion in the states now forces pharmacies to deny access to basic meds to women. After the Supreme Court’s decision to...
Diabetes Drug Leads to Weight Loss
Diabetes Drug Leads to Weight Loss
By Joni Jenkins on June 7, 2022
In a finding experts have praised as game-changing, a weekly dose of a diabetic medicine appears to Leads to considerable weight reduction in obese persons....
Medical Device Security Needs Responsibility and Standards
Medical Device Security Needs Responsibility and Standards
By Joni Jenkins on March 17, 2022
Medical Device security is, without a doubt, one of the most serious security issues confronting healthcare companies today. Organizations have previously struggled to keep a...
Medical Device Industry gives Greener Choices in Inhalers
Medical Device Industry gives Greener Choices in Inhalers
By Joni Jenkins on February 24, 2022
Following COP26, a number of companies, including dozens of pharmaceutical companies, set net-zero emissions commitments. Because climate change, health, and medicine are all closely linked,...
Biden FDA picks Califf, says the Senate
Biden FDA picks Califf, says the Senate
By Joni Jenkins on February 17, 2022
On Tuesday, the Senate narrowly confirmed Dr. Robert Califf as commissioner of the Food and Drug Administration, over objections to his ties to the pharmaceutical...

GreenLight getting Investment from Serum Life Sciences

GreenLight getting Investment from Serum Life Sciences

GreenLight getting Investment from Serum Life Sciences

By Willie Wise on November 25, 2021

GreenLight Biosciences Inc., a biotech focused on RNA, and Environmental Impact Acquisition Corp. announced today that its PIPE financing had been expanded to a total of $124 million in gross proceeds. In addition, serum Life Sciences Ltd., a subsidiary of Serum Institute of India Pvt. Ltd., has made a strategic investment of $10 million in the increased funding. The Serum Institute, the world’s largest vaccine maker by volume, sells over 1.5 billion doses of vaccines to over 160 nations.

It includes national immunization programs and vaccines for polio, diphtheria, tetanus, pertussis, Hib, BCG, r-Hepatitis B, measles, mumps, and rubella. Serum Life Sciences’ chairperson, Natasha Poonawalla, stated, “Serum Life Sciences is happy to participate in the future of GreenLight Biosciences, intending to expedite the development and delivery of RNA vaccines.

Dr. Cyrus Poonawalla created Serum Institute in 1966, intending to produce life-saving immuno-biologicals that were in low supply in the country and had to be imported at exorbitant prices.That mission is still going strong today. GreenLight and Serum Life Sciences are both dedicated to making healthcare more inexpensive and accessible. GreenLight mission is to create high-quality, low-cost solutions that can be used in a wide range of settings, including low- and middle-income countries.

The investment is made on the same conditions as ENVI and GreenLight $105 million joint-stock PIPE investment, announced in August 2021 as part of their proposed business combination. Serum Life Sciences Ltd will purchase shares of the publicly traded firm at the same $10 per share price as existing PIPE investors when the business combination closes.

Published in Biotechnology and News

Willie Wise

Backed by a strong educational background with a degree in Biotechnology, Greenville Technical College, Willie D. Wise is an asset to The Healthcare News and is rightfully placed as the Chief Editor, owing to his vast experience in technical writing, marketing, and strategic planning. To hone his job skills in journalism, Wise has also completed a degree course in journalism from the University of South Carolina-Columbia. He is highly skilled with the art of news presentation and is adept in an editorial role with excellent time management and leadership qualities at his disposal. He ensures the best delivery from his team of writers and ensures excellent performance by his team. Besides his current job as the editor-in-chief at The Healthcare News, he is a regular writer for the biotechnology category. Given his intense interest in the field, his core career centers around writing which he does with complete dexterity. As a writer, he ensures appropriate title selection besides developing authentic, market-relevant content ideal for business discretion and also to suit promotional and marketing strategies of TheHealthcareNews. His writing style not only remains informative but also is high on lucidity to entice reader focus for longer. Crude facts and statistical details are also presented simplistically to connect with readers' grasping capabilities.

More from BiotechnologyMore posts in Biotechnology »

More from NewsMore posts in News »

Be First to Comment

Leave a Reply

Can weight lifting reduce the risk of fatality?
Can weight lifting reduce the risk of fatality?
By Gilberto Amundsen on October 6, 2022
New research shows how including weight lifting in a daily workout regime can reduce the risk of death. weight lifting and aerobics exercise, both have...
Can covid-19 vaccines affect menstruation?
Can covid-19 vaccines affect menstruation?
By Gilberto Amundsen on October 3, 2022
Studies found how coronavirus vaccines are affecting menstruation in women. In the beginning of the introduction of covid-19 vaccines, many women reported that they are...
Frozen fetus transfer to increase hypertension during pregnancy
Frozen fetus transfer to increase hypertension during pregnancy
By Gilberto Amundsen on September 30, 2022
Recent study shows the risk of developing hypertension during pregnancy if a Frozen fetus is transferred. The research published in Journal Hypertension states that a...
Screening for Anxiety in all above the age of 65
Screening for Anxiety in all above the age of 65
By Gilberto Amundsen on September 23, 2022
The old age people in the US are being recommended to get regular Screening for anxiety. US health officials have recommended the older generation of...
Boston Members of Public Schools tests Monkeypox positive
Boston Members of Public Schools tests Monkeypox positive
By Gilberto Amundsen on September 22, 2022
Monkeypox particles found within an infected cell. Infected man isolated and schools sanitized immediately. An adult member of the community of Public School in Boston...

Lavender Room Spray Sold at Walmart Led to 2 Deaths
Lavender Room Spray Sold at Walmart Led to 2 Deaths
By Willie Wise on July 25, 2022
A lavender spray sold at Walmart resulted in two deaths and severe illnesses of four people, according to a case study published Wednesday in the...
Scientists Show Bionic Robo-Fish to Remove Microplastics from Waterbodies
Scientists Show Bionic Robo-Fish to Remove Microplastics from Waterbodies
By Willie Wise on June 24, 2022
Scientists have created a small robot-fish that swims around and absorbs Microplastics on its flexible, self-healing body in order to eliminate them from seas and...
Largest Predatory Dinosaur Unearthed on the Isle of Wight
Largest Predatory Dinosaur Unearthed on the Isle of Wight
By Willie Wise on June 15, 2022
Despite having a surface size of only 148 square miles (384 km2), the Isle of Wight, an English island, is one of Europe's most Dinosaur-rich...
Antibody Cocktail Working again after FDA Hold Lifted
Antibody Cocktail Working again after FDA Hold Lifted
By Willie Wise on March 15, 2022
Two months after the FDA imposed a hold on Immunome's Antibody cocktail COVID-19 therapy, the hold has been lifted. The FDA warned the business to...
Scientists Discover Highly Virulent Variant’ of HIV in the Netherlands
Scientists Discover Highly Virulent Variant’ of HIV in the Netherlands
By Willie Wise on February 11, 2022
Researchers have discovered a highly Virulent and more rapidly progressing strain of HIV, the virus that causes AIDS — but insists it is “no cause...