Picture your Future. Save for it by earning 1.5% on a 1-year Term Deposit Account! Learn more.

MeDirect supports Project Maleth II space mission for bioscience experimentation

MeDirect, Malta’s first digital bank, is a proud supporter of Project Maleth II, the second mission under space bioscience experiment Project Maleth which was launched in 2021 to investigate the effects of spaceflight and microgravity on diabetic foot ulcer skin tissue samples together with the microbiome. This is a full collection of bacteria, viruses and fungi that live off the skin and may be harmful if wound ulcers develop, such as in the case of patients with diabetes mellitus type 2. 

The Maleth Program is the first Maltese space bioscience project led by Professor Joseph Borg from the Faculty of Health Sciences at the University of Malta.. Maleth II was launched on 15 July 2022.

“Maleth II boarded a SpaceX Dragon spacecraft for the launch as part of Commercial Re-supply Mission 25 (CRS25) and will stay in orbit for around 50 to 60 days”, said Prof Borg. The Maleth II bio cube will once again be remotely controlled from Malta by Arkafort Ltd in collaboration with Prof. Borg and can provide real-time telemetry data on the running experiment on board the space station.

Prof Borg also explained: “Alongside the human skin tissue samples to study the microbiome involved in diabetes, there is also a yeast sample that forms part of an ongoing mini-project supported by Singleron Biotechnologies to detect at a single cell level all the genetic changes inside the yeast cells when exposed to low earth orbit conditions.”

Chris Portelli, Group CTO of MeDirect Bank, stated: “MeDirect is proud to be a partner in this exciting Maltese research project. MeDirect is driven by research and innovation and believes that research projects like Project Maleth II is the driver behind innovation. Similarly, single-cell analysis can be a powerful innovative tool in understanding the impact of space trips on biological organisms.

This project is also being conducted with the support of the Ministry for Foreign and European Affairs, the Ministry for Education of Malta, and Singleron Biotechnologies. The mission is being facilitated by the Research, Innovation, Development Trust (RIDT) which will be supporting University of Malta students.

Join MeDirect today to access the tools you need to put your money to work on your own terms.

Latest news articles

The 60/40 portfolio has had its fair share of critics, but it’s proved resilient in the face of tumultuous economic realities. Will this investment strategy continue to deliver in 2025?
All News

What is the outlook for the 60/40 portfolio in 2025?

The 60/40 portfolio has had its fair share of critics, but it’s proved resilient in the face of tumultuous economic realities. Will this investment strategy continue to deliver in 2025?

Starting the tight policy unwind
All News

BlackRock Commentary: Starting the tight policy unwind

The Federal Reserve is expected to begin rate cuts this week, but despite market anticipation of sharp reductions, persistent inflation from fiscal policies and structural forces may limit the extent of cuts, with recession fears being overstated.

Epic Investment Partners Weekly Article
All News

Epic Investment Partners Views: The Week Ahead

The Federal Open Market Committee meeting this week is expected to signal the start of the easing cycle, while other key events include central bank meetings from the Bank of England and Bank of Japan, alongside major economic data releases such as US retail sales, Eurozone and UK Consumer Price Index, and Japan Consumer Price Index.

Experience better Banking

The sooner you start managing your money, your way, using the best-in-class tools, the sooner you’ll see results. 


Sign up and open your account for free, within minutes.

MeDirect_Multi-Devices-cards

You are leaving medirect.com.mt

Please be aware that the external site policies, or those of another MeDirect website, may differ from this website’s terms and conditions and privacy policy. The next website will open in a new browser window or tab.

 

Note: MeDirect is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content.

Login

We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.