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Argonaut Manufacturing Services raised $45M in a funding round led by NewVale Capital and Telegraph Hill Partners to expand aseptic pharmaceutical fill/finish capabilities.

Mar 05, 2024over 1 year ago

Amount Raised

$45 Million

CarlsbadBiotechnologyManufacturing

Investors

Telegraph Hill PartnersNew Vale Capital

Description

Argonaut Manufacturing Services announced the completion of a $45 million financing to support its new drug product fill/finish expansion in Carlsbad, CA. The financing was led by NewVale Capital with participation from existing majority investor Telegraph Hill Partners and other current investors.

Company Information

Company

Argonaut Manufacturing Services

Location

Carlsbad, New Mexico, United States

About

Argonaut Manufacturing Services is a leading contract development and manufacturing organization serving the biopharma and life sciences industries, dedicated to providing custom manufacturing and supply chain solutions for biopharmaceutical and diagnostic companies.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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