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PlasmaGen Biosciences secures ₹150 crore to expand into global markets

Biopharmaceutical company PlasmaGen Biosciences raised ₹150 crore in a new round of equity financing, valuing the company at over ₹1,500 crore. ViNS Bioproducts, a specialty biopharma company, picked up a minority equity stake in PlasmaGen and led the round with participation from existing investors and other pharma companies and family offices. PlasmaGen will use the new funds to take its business international.

PlasmaGen Biosciences secures  ₹150 crore to expand into global markets

Credit: Livemint

Key Highlights

  • It has identified distribution partners in “key” export markets.
  • Back home, the company plans to double down on its presence with its current portfolio of plasma-derived therapeutics.
  • The company’s key products include albumin, intravenous immunoglobulin, rabies immunoglobulin, hepatitis B immunoglobulin and RhD immunoglobulin (anti-D) which it distributes to private hospitals and state hospitals in India.
  • "This investment further strengthens PlasmaGen’s position as a long-term partner to healthcare systems and patients, both in India and internationally,” Vinod Nahar, founder and executive chairman of PlasmaGen, said in a statement.
  • The company raised ₹225 crore in 2023 in a round led by the UK’s Artian Investments, with participation from public market investor Ashish Kacholia alongside Eight Roads Ventures' India team and F-Prime Capital.
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Sources

  1. PlasmaGen Biosciences secures ₹150 crore to expand into global markets

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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