Mera Pharmaceuticals

Mera Pharmaceuticals is a marine biotechnology company specializing in the cultivation of microalgae for the production of high-value natural compounds. The company is best known for its proprietary photobioreactor technology, the Mera Growth System (MGS), which allows for the large-scale, controlled cultivation of specific algae strains. Its primary commercial focus was the production of natural astaxanthin, a potent antioxidant derived from the microalgae Haematococcus pluvialis, marketed under the brand name AstaFactor. Originally founded as Aquasearch, the firm transitioned to Mera Pharmaceuticals to explore broader pharmaceutical and nutraceutical applications of its algae-derived products. Despite its innovative technology, the company faced significant financial challenges and is currently considered inactive in the public markets.