TeraPore Scores $10 Million for Nanofiltration Solutions

<p><strong>SOUTH SAN FRANCISCO<&sol;strong> &&num;8212&semi; TeraPore Technologies&comma; a maker of advanced nanofiltration membrane systems for biomanufacturing&comma; has raised &dollar;10 million in new financing&period; The round was led by existing investor Anzu Partners with participation from Entegris &lpar;NASDAQ&colon; ENTG&rpar;&comma; a global leader in advanced materials science&comma; and fellow existing investor&comma; RA Capital Management&period; TeraPore will use the funding to launch its IsoBlock virus filter and expand the use of its core technology into new high value markets&period;<&sol;p>&NewLine;<p>TeraPore is developing a new generation of high-capacity&comma; high-yield bioseparation solutions that enable controllable&comma; consistent purification processes for the manufacturing of novel therapeutics and biologics&period; Unlike conventional filter technology&comma; IsoBlock virus filters leverage TeraPore’s Intelligent Membrane platform&comma; which features a tunable chemical structure and uniform nanoscale pore sizes that can tackle the most difficult separation challenges&period;<&sol;p>&NewLine;<p>The IsoBlock virus filters are highly engineered from the ground up to provide superior filter productivity and robust viral clearance during process development&comma; clinical trials&comma; and production scale manufacturing&period; The company is developing a family of IsoBlock filters with various properties and device sizes&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As the pipeline for new biologics continues to rapidly increase&comma; so does the need for more powerful and precise filtration technologies like ours that can improve the manufacturing process&comma;” said Dr&period; Rachel Dorin&comma; CEO and Co-Founder of TeraPore Technologies&period; &OpenCurlyDoubleQuote;We are glad to have the continued support of Anzu Partners and RA Capital Management and are excited to welcome Entegris as a new investor&period; Entegris brings deep technical expertise and can help accelerate the deployment of our technology into new contamination control applications&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are pleased to contribute to the development of TeraPore as it enters the critical commercialization phase for their highly differentiated Intelligent Membrane platform&comma;” said Olivier Blachier&comma; senior vice president at Entegris&period; &OpenCurlyDoubleQuote;We believe that this technology has a high potential to also address important nanofiltration challenges in a number of applications&period;”<&sol;p>&NewLine;<p>Olivier Blachier&comma; who leads business and new market development for Entegris&comma; will also join the TeraPore Board of Directors along with Mani Krishnan&comma; a seasoned expert in the filtration and biotechnology sector who held leadership roles at Millipore Sigma and Pall Corporation&period;<&sol;p>&NewLine;