Tobacco giant launches biotech with plant-based platform
British American Tobacco (BAT; LSE: BATS) has announced the launch of KBio Holdings (KBio), a biotech company focused on accelerating the research, development and production of new treatments for rare and infectious diseases.
KBio will leverage the existing and extensive plant-based technology capabilities of BAT and Kentucky BioProcessing (KBP), the existing BAT-owned US plant biologics organization.
The company will explore new opportunities to develop its plant-based production system, which has the potential to offer greater speed, scale-up opportunity and thermostability.
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