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August Bioservices Secures $65M in Funding to Expand Capacity

Will be used to add an additional sterile injectable filling suite to support high-speed liquid vial filling.

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By: Kristin Brooks

Managing Editor, Contract Pharma

August Bioservices, a pharmaceutical contract development and manufacturing organization (CDMO) providing drug discovery, development, and manufacturing services, secured $65 million in Series B funding led by Oak HC/FT. This round includes participation from existing investor, Polaris Partners.
 
The new funding will be used to expand August Bio’s capacity with an additional sterile injectable filling suite to support high-speed liquid vial filling. This expansion will add incremental capacity for production of large batches, enabling August Bio to meet the pharmaceutical manufacturing needs for customers of all sizes. In addition, the company will fully automate downstream inspection, labeling and packaging processes in support of the increased throughput. 
 
“This round is a testament to our support of August Bio’s plans to deliver greater impact through the expansion of high-quality aseptic fill/finish capacity,” said Andrew Adams of Oak HC/FT. “As demand increases for U.S.-based sterile injectable manufacturing, investment in companies like August Bio, with a rigorous commitment to quality, is essential.”
 
“This funding will enable August Bio to serve larger scale biopharmaceutical customers from our Nashville facility and to more significantly meet our customers’ growing demand for sterile manufacturing. Ultimately, we will be better resourced to deliver critical medications to patients who need them,” said Jenn Adams, CEO of August Bio. “We are excited about the opportunity to scale our manufacturing capacity and we appreciate the continued support from our investors.”
 
 
 

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