Redmond-based biotech company Inventprise has opened a new Seattle-area manufacturing facility built with support from the Bill & Melinda Gates Foundation.
The 700,000 square-foot facility will produce vaccines for pneumococcal disease and other illnesses. The Gates Foundation has committed up to $90M from its strategic investment fund for this initiative, following a previous $100M funding. The company now has more than 100 employees and several locations east of Seattle.
“We’re a fully committed partner, fully energized by what we’re seeing here and we have a lot of milestones to come. And I’d say this is a pretty big one,” said Bill Gates.