Experic, a Cranbury, NJ-based contract development and manufacturing organization (CDMO) and clinical supply services company serving the biopharmaceutical industry, raised $14M in Series B funding.
The round was led by Harro Höfliger Packaging Systems, and East Seattle Partners, with participation form Kineticos Ventures.
The company intends to use the funds for continued expansion of capabilities and its facility in Cranbury, New Jersey.
Led by David Wood, chief executive officer and chairman, Experic is a contract development and manufacturing organization (CDMO) and pharmaceutical supply services company, which supports the phases of a product’s life cycle from conception to clinical and commercial scale, across a range of dosing and packaging formats, including tablets, pellets, capsules, and low dose dry powder inhalation.
During the past year, Experic has experienced growth in demand for its formulation, development, manufacturing, and analytical services for powder drug products as well as its clinical trial supply and logistics services.
FinSMEs
01/12/2022