The company’s product portfolio, market opportunities and expertise have convinced the investors: KfW Mittelstandsbank and Zukunftsfonds Heilbronn will invest 5 million euros in Tübingen-based PANATecs GmbH. PANATecs provides products and services for the pharmaceutical industry and will use the financial injection to expand and invest in modern analysis technologies such as high-mass spectrometry. In 2010, the company will relocate to the city of Heilbronn.
The company specialises in the analysis and synthesis of proteins and peptides. With its product and service portfolio, PANATecs is active in a market with huge future potential, as the knowledge of protein structure and function is essential for biomedical, pharmaceutical and biotechnological research. Due to its expert knowledge, experience and equipment, PANATecs is able to professionally support pharmaceutical and biotechnology companies in the analysis and investigation of peptides, proteins and glycoproteins.
“We will use the money from this financing round mainly to expand and extend our service portfolio,” said Managing Director Dr. Benedikt Merz. PANATecs intends to complement its current service and product portfolio with high-mass MALDI mass spectrometry, a special method used in protein analytics. The company’s goal is to become a market leader in protein analysis services. In addition, the company has plans to offer GMP-compliant drug testing in accordance with the German Medicines Act from the end of 2009.
Thomas R. Villinger, Managing Director of Zukunftsfonds Heilbronn (ZFHN), was delighted with the decision of the PANATecs shareholders, which will also have an effect on market development. “One of ZFHN’s goals is to help young companies to expand. The KfW investments will enable PANATecs GmbH to grow more quickly and expedite market development. At the same time, the company and Heilbronn will gain in stature on the German technology market.
Further information:PANATecs GmbHDr. Benedikt MerzTel.: +49 (0)7071 – 92058-0E-mail: bmerz(at)panatecs.com