ResBiotic Inc. Raises $3 Million in Seed Money, Airbus CEO Says Jet Demand will Increase Sharply

UAB biotech startup raises $3 million in seed money
A University of Alabama at Birmingham biotech startup has raised $3 million in seed money. ResBiotic Inc. is developing and commercializing probiotic formulations for lung health. It is the flagship company of the ResBiotech Innovation Institute.  – Yahoo! Finance

Airbus CEO says jet demand will increase sharply
In a conference call on Thursday, Airbus CEO  Guillaume Faury said demand for single-aisle jetliners should rise sharply in 2022 after a flat 2021.  Airbus builds the single-aisle A320 and A220 jets in Mobile. –

Weyerhaeuser completes Alabama timberlands purchase
Seattle’s Weyerhaeuser Company has completed its $149 million purchase of 69,200 acres of Alabama timberlands from Soterra. The purchase is of land in southwest Alabama, about 100 miles north of Mobile.  – KNDU 23

Tuscumbia’s Helen Keller Hospital celebrates 100 years
Tuscumbia’s Helen Keller Hospital will celebrate its 100th anniversary with an event tonight at the Alabama Music Hall of Fame. The event, from 6-10 p.m., will include live music, food trucks, a movie and giveaways throughout the night. – Alabama Public Radio

Birmingham library hosts free Google small business seminar
The Birmingham Public Library will host a free Grow with Google marketing webinar designed to strengthen small businesses. The event on May 11 (10-11 a.m.) is free, but registration is required. The webinar will include tips on building a search-friendly website. – Patch

- Sponsor -

The latest Alabama business news delivered to your inbox