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Biome Secures $50M FaBA Backing to Advance BMB18 Probiotic IP
8:23am on Wednesday 5th of February, 2025 AEDT
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Health Care
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Biome Secures $50M FaBA Backing to Advance BMB18 Probiotic IP
8:23am on Wednesday 5th of February, 2025 AEDT
Key Points
Co-investment agreement signed with FaBA for BMB18 probiotic development
Supported by $50 million Australian government funding via FaBA
Biome retains 100% ownership of BMB18 intellectual property
Biome to contribute up to $550,000 for clinical research over two years
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