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TBD-Biodiscovery to receive one of the biggest investments in the Estonian biotechnology sector

A 30 per cent share in the the human and veterinary drug development and production company TBD-Biodiscovery located in Tartu was acquired by the Dutch company SEAL Investment B.V. Further investment of € 4.5 million will be made within a few years.

The mayor of Tartu Urmas Klaas said in the City Council’s press release that he is happy that such an investment landed in Tartu, the second-largest city in Estonia internationally known mainly for its role as the education and science capital of Estonia. “Tartu is Estonia’s center for biotechnology and smart, science-based entrepeneurship has great opportunities for development in this university city,” Klaas said.

TBD-Biodiscovery has more than 40 highly qualified employees, a third of whom has a doctoral degree. 95 per cent of the company’s production and services is exported, main export markets being the Netherlands, Germany, Latvia, Israel and South Korea.

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