"Varda Space Industries Secures $90 Million in Funding"

Varda Space Industries has raised $90 million in a Series B round to scale up production of systems for manufacturing pharmaceuticals in orbit and returning them to Earth. The funding follows the successful conclusion of its first demonstration mission, W-1, which landed a capsule in Utah on Feb. 21, showcasing the ability to produce pharmaceuticals in microgravity. The company plans to use the funding to increase its flight rate and serve commercial biopharmaceutical customers, with a next mission scheduled to launch this summer using its own capsule and a spacecraft bus built by Rocket Lab.