Sierra Space Partners With Redwire To Bring In-Space Biotech Facilities To Customers
Portfolio Pulse from Shivani Kumaresan
Commercial space company Sierra Space has formed a strategic partnership with Redwire Corporation (NYSE:RDW) to collaborate on commercial pharmaceutical and biotech research and developments (R&D) and manufacturing in low-Earth orbit (LEO). Redwire's technologies will be integrated into Sierra Space's habitat platform, enabling breakthroughs for pharmaceutical drug development and human health research. Hardware development is underway with deliveries expected to begin in Q4 2023. Redwire's shares are trading higher by 3.13% at $3.30 in premarket Monday.
August 21, 2023 | 12:32 pm
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Redwire Corporation has entered into a strategic partnership with Sierra Space for biotech R&D and manufacturing in low-Earth orbit. This partnership could lead to significant advancements in pharmaceutical drug development and human health research. Redwire's shares are trading higher by 3.13% at $3.30 in premarket Monday.
The partnership with Sierra Space opens up new opportunities for Redwire in the field of biotech R&D and manufacturing in space. This could potentially lead to significant advancements and economic benefits, which is likely to have a positive impact on Redwire's stock price in the short term.
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