Pictor Biotech Consolidates Biomanufacturing Power
Funding | Jan 22, 2025 | PR Newswire Cision Pictor Biotech Inc. (dba SOLARBIOTECH), GPC Bio, and Eleszto Genetika
In a strategic move announced on January 22, 2025, Pictor Biotech Inc., operating as SOLARBIOTECH, alongside GPC Bio and Eleszto Genetika, have completed a significant acquisition and strategic unification under a single ownership. This consolidation creates an advanced synthetic biology and biomanufacturing entity, aiming to exploit the potential of precision fermentation. By combining their expertise, the organizations are set to transform synthetic biology innovation, optimizing processes from research and development to commercial production. This merger involves more than 100 professionals, including scientists and biotech executives, underscoring a notable advancement in the domain of biomanufacturing. By unifying these entities, the groups can provide comprehensive support across all biomanufacturing steps, such as microbial strain development, plant engineering, and large-scale operations. Alex Berlin, CEO of SOLARBIOTECH, highlighted that the unification addresses technical impediments in microbial strain engineering and scaling bioprocesses, providing the momentum required for industry growth. Each organizational leader expressed confidence in overcoming current biomanufacturing challenges, leveraging nearly two decades of expertise to efficiently transition products to commercialized production. As part of the unification, Peter Rosholm will focus on investing in sustainable biomanufacturing technologies, reinforcing the new group's capabilities in the burgeoning biotech field. Each entity retains its executive management, with Rosholm exclusively contributing from an ownership perspective. This merger represents a significant step toward enhancing client services and achieving sustained growth in synthetic biology and biomanufacturing.
Sectors
- Biomanufacturing
- Synthetic Biology
Geography
- United States – SOLARBIOTECH, one of the merging companies, is based in Norton, Virginia.
- France – GPC Bio, part of the unification, is headquartered in La Rochelle.
- Hungary – Eleszto Genetika, involved in the merger, is based in Budapest.
Industry
- Biomanufacturing – The unification of SOLARBIOTECH, GPC Bio, and Eleszto Genetika focuses on improving processes in biomanufacturing, including microbial strain development and large-scale production.
- Synthetic Biology – The integration aims to drive innovation in synthetic biology, leveraging precision fermentation technologies for commercial production.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Pictor Biotech Inc. (dba SOLARBIOTECH) | Target Company | Company | Specializes in precision fermentation and downstream processing in the biomanufacturing sector. |
GPC Bio | Target Company | Company | Focused on the design and engineering of biomanufacturing equipment. |
Eleszto Genetika | Target Company | Company | Provides expertise in R&D of microbial strains for various biotechnological applications. |
Alex Berlin | CEO & CTO of SOLARBIOTECH | Person | Leader contributing to the strategic direction post-unification. |
Zsolt Popsé | CEO of GPC Bio | Person | Executive emphasizing integration benefits and experience in the biomanufacturing field. |
Lóránd Szabó | Managing Director of Eleszto Genetika | Person | Manager fostering integration towards efficient biomanufacturing. |
Peter Rosholm | Owner/Investor of the Unified Companies | Person | Owner focusing on investment in sustainable biomanufacturing technologies. |