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The exciting global protein therapeutics market is expected to reach a value of approximately $233 billion by 2027. One Massachusetts-based biotechnology company is using a physics rather than chemistry approach to make its mark and lay its claim to a portion of this rapidly growing sector.
PBI's BaroFold Services business has grown from just 1 customer in 2019 to 6 in 2021, with clients ranging from well-financed startups to multibillion-dollar global biopharmaceutical companies.
While such customers may end up commercializing a drug that might otherwise not have made it to market, as well as enjoying lower manufacturing costs and improvements in quality, PBI will benefit from service fees, increased sales and leases, and license fees. “For a commercially successful protein therapeutic, the licensing stream is expected to be extremely lucrative,” said Mr. John Hollister, the company’s director of sales and marketing.
The company has also entered into partnership agreements with biopharma companies to allow them to use its smaller-scale BaroFold platform equipment.
Because it would be too costly for many companies to test all of their protein therapeutics through the primary BaroFold service, PBI has begun to lease its smaller-scale BaroShear equipment to such companies so they can themselves evaluate which of their candidate molecules may have the most potential to be blockbuster drugs in the future.
Once they decide on a candidate molecule, the biopharmaceutical company would then send selected drug candidates to PBI for the complete BaroFold analysis.
This program is also in its infancy but there has been a lease signed with what PBI calls a “multibillion-dollar international biotechnology company” and discussions are ongoing with an ever-increasing number of other players.
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