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May 28, 2015 5:24 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Rapid Micro Biosystems, Inc.

Company Overview

Rapid Micro Biosystems, Inc. provides products for the detection of microbial contamination in the manufacture of pharmaceutical, biotechnology, and personal care products. It offers Growth Direct system that includes an automated imaging instrument that analyzes user-prepared proprietary consumables. The company also provides on-site installation, instrument, validation services, regulatory compliance assistance, system certification training and training re-freshers, and business case preparation and return-on-investment analysis services; and technical support services in the Americas and Europe. It solutions are used in environmental monitoring, and sterility and bioburden testing applic...

1001 Pawtucket Boulevard West

Lowell, MA 01854

United States

Founded in 2006

Phone:

978-349-3200

Fax:

978-349-2065

Key Executives for Rapid Micro Biosystems, Inc.

Chief Executive Officer, President and Director
Chief Financial Officer
Chief Commercial Officer
Vice President of Development
Vice President of Manufacturing
Compensation as of Fiscal Year 2014.

Rapid Micro Biosystems, Inc. Key Developments

Rapid Micro Biosystems Appoints Stephen Furlong as Chief Financial Officer

Rapid Micro Biosystems announced the addition of Stephen Furlong as Chief Financial Officer. Mr. Furlong will lead the finance and accounting, information technology, and facilities functions for the business. He will report directly to the CEO, Robert Spignesi. Mr. Furlong brings more than 25 years of financial management expertise including accounting, M&A, financial planning, forecasting and analysis. Mr. Furlong joins Rapid Micro Biosystems following a distinguished career at Hologic, Inc., where he most recently served as the Senior Vice President of Finance and Sales Administration.

GE Capital Agents $19 Million Senior Secured Credit Facility for Rapid Micro Biosystems, Inc

GE Capital’s Healthcare Financial Services business announced that it has agented a senior secured credit facility of up to $19 million for Rapid Micro Biosystems, Inc. The financing, comprised of a revolving credit facility and two term loan facilities, will provide working capital as the company ramps up the commercialization of its products.

Rapid Micro Biosystems Announces Availability of Bi-Directional LIMS Integration

Rapid Micro Biosystems announced the general availability of two-way integration to laboratory information management system (LIMS) through its Growth Direct System. The new capability allows quality control microbiology labs to save time and reduce errors associated with entry of final test results of environmental monitoring, bioburden and sterility tests. The bi-directional LIMS integration uses widely supported comma-separated (CSV) files to communicate, allowing integration with most LIMS systems. Due to the flexibility provided by the communication method, integration is flexible and can be aligned to the specific needs of the quality control microbiology lab both initially and in the future. The integration supports the use of LIMS or Growth Direct created barcodes that are applied to Growth Direct Cassettes. After sampling, the cassettes are loaded into the Growth Direct System, which performs the incubation, detection and enumeration of colonies. Final results are automatically uploaded to the LIMS system. This eliminates the need for microbiologists to manually count plates and key the colony forming unit (CFU) values into the LIMS system, reducing the chance of a keying error.

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Target
Private Placement
April 21, 2015
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Private Placement
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