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Naama Stauber Breckler, CEO and cofounder of Better Health, discusses the company's latest strategic funding round and how it plans to use the investment.
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Varda Space Industries has raised $90 million in a series B funding led by Caffeinated Capital and will use the capital to build its infrastructure that supports pharmaceutical manufacturing in space. The company said Friday the investment follows the launch and reentry of its W-1 hypersonic reentry capsule to demonstrate the production of pharmaceuticals and other materials in microgravity.
Varda Space Industries has raised $90 million to scale up production of systems to manufacture pharmaceuticals in orbit and return them to Earth.
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