Entries by Thomas Gabrielczyk

Digital solutions to serialisation

It‘s only been nine years since the first blockchain technology applications in finance were introduced. Big players are now working to use distributed computing to protect pharma logistics from counterfeit drugs. Unlike current Internet-based solutions, the decentralised blockchain network is immune to manipulation or hacks, as transactions can be verified, recorded, and coordinated autonomously without third-party involvement.

Afyren raises €21m to launch production plant

French industrial biotech company Afyren announced a capital increase of €21m in a financing round led by  Sofinnova Partners and Valquest Partners to scale up its biobased organic acid production to industrial scale.

Race against time

After a quick start out the gates in 2012, the European Commission proceeded to carry out a lengthy review of its bioeconomy strategy – slamming the brakes on investor interest in EU bio­techs developing solutions for the move to a low-carbon, zero-waste economy. Following several reports that suggested the bloc will miss internationally agreed sustainability targets, the EC now wants to speed up the switch to biobased production. Industry stakeholders presented a huge range of promising technologies at the EFIB, but are still awaiting the go-ahead.