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Evonik Invests in Algal Scientific

Plans further investments in promising start-ups

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By: Kristin Brooks

Managing Editor, Contract Pharma

Evonik is investing in the startup company Algal Scientific based in Northville, MI, as part of a consortium investing more than $3 million. Algal markets 1,3-β-glucan, a polysaccharide that strengthens immune response that’s used as an additive in pharmaceutical formulations, nutritional supplements, and animal feeds.   The product can now be obtained from algae on an industrial scale. Algal has developed a new technology for starting up the first commercial production plant in Northville. Alga...

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