Ember LifeSciences announces new strategic investments boosting Series A to $27M
The investments follow Ember LifeSciences' previously announced Series A financing led by
"Investments from
The pharmaceutical cold chain faces billions of dollars in annual losses due to temperature excursions, a problem that the industry is under more pressure to solve as more medicines and vaccines require temperature-controlled distribution. Ember aims to address these challenges through its reusable shipping platform. Its latest
Ember's existing customers and investors include leading pharmaceutical distributors and pharmacies including CVS Health, Cardinal Health, Chartwell and USADA. In addition to the Ember Cube 2, its product suite includes the flagship
Financial terms of the new investments were not disclosed. The company's total Series A funding to date now stands at
About Ember LifeSciences
Ember LifeSciences initially launched as an offshoot of Ember Technologies' "Ember," the design-led temperature control brand and maker of the award-winning temperature control mug, which has surpassed half a billion dollars in total sales to date. Ember LifeSciences seeks to redefine global medicine distribution through leveraging Ember's proprietary temperature control technology to improve the way we transport life-saving medicines and vaccines around the world. To learn more about Ember LifeSciences, visit emberlifesciences.com.
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SOURCE Ember LifeSciences