Botanical Solution Inc. (BSI) Series A Extended to Over $23 Million

DAVIS, Calif.--(BUSINESS WIRE)--Aug 20, 2024--

Today, Botanical Solution Inc. (BSI) announced it has closed another $7.6 million financing, as part of Series A, that will fund the commencement of in-house production of QS-21, pharmaceutical grade vaccine adjuvant. Using cost-effective and scalable proprietary methods, BSI will expand QS-21 use in broader vaccine applications.

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Botanical Solution Inc. (BSI) CEO Gaston Salinas discusses the industrial production and expanded use of Gold Standard vaccine adjuvant QS-21 for activating the human immune system at Harvard University’s Global Health, Biodiversity, and Therapeutic Hybrid Seminar, held in Costa Rica on August 20, 2024. Mr. Salinas also announced the completion of BSI’s $23 million Series A funding, which will accelerate the scalable commercial production of QS-21, including the expansion of BSI R&D/production labs, and the opening of new markets for vaccine developers. (Photo: Business Wire)

Mr. Salinas made the announcement at Harvard University’s Global Health, Biodiversity, and Therapeutic Hybrid Seminar being held in San Jose, Costa Rica, where he is speaking about the industrial production of QS-21 and botanicals for human health.

QS-21 is a vital component in FDA-approved vaccines against Shingles and Respiratory Syncytial Virus (RSV). BSI’s lab-based cultivation method, derived from tissue-cultured Quillaja saponaria plants, is more sustainable and cost-effective than traditional extraction from tree bark. BSI’s approach ensures a steady supply of sustainable, high-quality QS-21 without deforestation.

BSI is revolutionizing sustainable QS-21 production with plant tissue culture technology, addressing industry challenges and ensuring a robust, eco-friendly supply. The total Series A funding now stands at $23.3 million and will allow BSI to complete several transformative milestones, including the acceleration of GMP production of QS-21 for human vaccines. The funds will also enhance BSI’s R&D capabilities, including expanding labs in Davis, California, supporting long-term quality and supply of QS-21. BSI has already announced one key partnership for the QS-21 pharmaceutical adjuvant with Croda Pharma, and the larger production will open further opportunities for vaccine developers.

“This financing round is a pivotal step in advancing our mission to deliver sustainable, high-quality botanical products,” said Gaston Salinas, CEO of Botanical Solution Inc. “BSI’s unique and proprietary platform for a truly sustainable and scalable production of plant-based products without sourcing raw materials from nature or conventional plantations has given birth to world class products for human and plant health.”

The botanical ingredients market is projected to reach $312.6 billion by 2033 1. BSI’s innovative and sustainable solutions for both human pharmaceuticals and agricultural products position it as a leader in this high-value growth sector.

About BSI

BSI, a Delaware Corporation, has a proprietary R&D platform for truly sustainable and improved production of consistent and high-quality Advanced Botanical Materials (ABM). ABM-01 is the first ABM produced by the company, based on a tissue cultured plant called Quillaja saponaria . ABM-01 is the active ingredient used in two gold standard products, BSI’s biopesticide Quillibrium® and the adjuvant QS-21, used in modern vaccine development. To learn more, visit us at www.botanical-solution.com.

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1 According to The Global Botanicals Market Report by Market.us published December 2023.

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KEYWORD: COSTA RICA UNITED STATES CENTRAL AMERICA NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: CHEMICALS/PLASTICS HEALTH MANUFACTURING PHARMACEUTICAL OTHER SCIENCE ENVIRONMENT RESEARCH SUSTAINABILITY FOREST PRODUCTS INFECTIOUS DISEASES GENERAL HEALTH AGRICULTURE NATURAL RESOURCES SCIENCE

SOURCE: Botanical Solution Inc.

PUB: 08/20/2024 03:14 PM/DISC: 08/20/2024 03:14 PM

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