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LEGO owner invests USD 40m in skin treatments from fish skin

Icelandic firm Kerecis, which is pioneering cellular therapies and tissue regeneration treatments based on fish skin, has been the target of a USD 100m investment round led by LEGO owner Kirkbi.

Photo: KIRKBI

Kirkbi, the private holding and investment firm for the Kirk Kristiansen family, the owners of toy brick giant LEGO, has led a USD 100m round of investments in an Icelandic biotech firm, reports MedWatch’s sister media, KapitalWatch.

Using sustainably sourced fish skin and fatty acids, Kerecis develops medical products like cellular therapies and tissue regeneration/protection treatments. Following the investment round, in which Kirky itself injected USD 40m, Kerecis’s valuation has increased to USD 620m.

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