Antheia Scores $56 Million Series C

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">MENLO PARK<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4438552-1&amp&semi;h&equals;3571857844&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fantheia&period;bio&percnt;2F&amp&semi;a&equals;Antheia" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Antheia<&sol;a><&sol;u>&comma; a pharmaceutical ingredient manufacturer transforming essential medicine supply chains&comma; today announced it has raised <span class&equals;"xn-money">&dollar;56 million<&sol;span> in Series C financing&period; The new financing will be used to expand commercialization of Antheia&&num;8217&semi;s first product&comma; thebaine&comma; and launch additional products from the company&&num;8217&semi;s pipeline of 70&plus; biosynthetic pharmaceutical ingredients&comma; which spans seven therapeutic areas and prioritizes essential medicines in or at risk of shortage&period; Additionally&comma; the funding will allow Antheia to unlock its U&period;S&period; manufacturing operations to meet domestic demand and begin new strategic innovation programs in <span class&equals;"xn-location">Singapore<&sol;span>&comma; while expanding into the broader <span class&equals;"xn-location">Asia<&sol;span> region&period;<&sol;p>&NewLine;<p>The Series C financing was led by Global Health Investment Corporation &lpar;<u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4438552-1&amp&semi;h&equals;2372070994&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fghicfunds&period;org&percnt;2F&amp&semi;a&equals;GHIC&rpar;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">GHIC&rpar;<&sol;a><&sol;u>&comma; a U&period;S&period;-based investment firm with an established history of supporting innovation in global health and health security and <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4438552-1&amp&semi;h&equals;2609601610&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fedbi&period;com&percnt;2F&amp&semi;a&equals;EDBI" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">EDBI<&sol;a><&sol;u>&comma; operating under SG Growth Capital&comma; the investment platform of the Singapore Economic Development Board &lpar;EDB&rpar; and Enterprise Singapore&period; Additional new investors in this round include ATHOS KG and Federov&comma; with participation from existing investors&comma; including Viking Global Investors&comma; Sherpalo Ventures&comma; S-Cubed Capital&comma; In-Q-Tel &lpar;IQT&rpar;&comma; and Civilization Ventures&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Our industry-first biosynthetic product offerings are disrupting the market by addressing major supply chain issues and are quickly cementing Antheia&&num;8217&semi;s position as a leading industry innovator&comma;&&num;8221&semi; said Dr&period; <span class&equals;"xn-person">Christina Smolke<&sol;span>&comma; CEO and co-founder of Antheia&period; &&num;8220&semi;In collaboration with our investors&comma; customers&comma; and manufacturing partners&comma; we are enabling widespread access to critical medicines with our world-leading biosynthesis technology&period; We are immensely grateful to these partners that share our vision for the next generation of pharma&comma; and we look forward to achieving more industry-first milestones with today&&num;8217&semi;s financing&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Drug shortages remain a persistent problem plaguing nations worldwide and are exacerbated by supply chain disruptions&comma; climate crises&comma; and shifting geopolitics&period; Antheia&&num;8217&semi;s biomanufacturing platform is ushering in the next era of efficient&comma; agile&comma; and distributed pharmaceutical manufacturing that can be implemented when and where needed to meet the demands of 21<sup>st<&sol;sup> century healthcare systems&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Global pharmaceutical supply chains are complex and increasingly vulnerable to critical drug shortages – an urgent health security challenge&comma;&&num;8221&semi; said <span class&equals;"xn-person">Joseph Lee<&sol;span>&comma; Principal at GHIC&period; &&num;8220&semi;Antheia&&num;8217&semi;s biosynthesis platform offers a transformative and elegant solution&comma; enabling more efficient&comma; scalable&comma; and reliable production of KSMs and APIs&period; We are excited to support Antheia&&num;8217&semi;s next phase of growth and to partner in building a more resilient future for global biomanufacturing&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Antheia&&num;8217&semi;s pioneering biosynthesis platform transforms essential medicine supply chains by addressing critical bottlenecks&period; As <span class&equals;"xn-location">Singapore<&sol;span> strengthens its position as <span class&equals;"xn-location">Asia&&num;8217&semi;s<&sol;span> biotech hub&comma; EDBI is proud to partner with Antheia to advance bio-based innovation&period; We see significant opportunities for Antheia to expand its biomanufacturing capabilities and applications through collaborations with <span class&equals;"xn-location">Singapore&&num;8217&semi;s<&sol;span> vibrant scientific ecosystem – including A&ast;STAR&comma; <span class&equals;"xn-location">Singapore&&num;8217&semi;s<&sol;span> lead public sector R&amp&semi;D agency – creating valuable synergies for future growth across <span class&equals;"xn-location">Asia<&sol;span>&comma;&&num;8221&semi; said <span class&equals;"xn-person">Paul Ng<&sol;span>&comma; Chief Executive Officer of EDBI&period;<&sol;p>&NewLine;

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