Carmine Therapeutics Announces First Close Of Series A To Develop Next Generation, Non-Viral Gene Therapy
Carmine Therapeutics Announces First Close Of Series A To Develop Next Generation, Non-Viral Gene Therapy
10/13/22, 1:06 PM
Location
cambridgeIndustry
other
therapeutics
Round Type
series a
Carmine Therapeutics ("Carmine"), an EVX founded biotech company and emerging leader in non-viral gene therapies, today announced the first Closing of its Series A financing. All existing investors including EVX Ventures, and Simcere Pharmaceuticals participated, and they were joined by new lead Investor Huagai Capital, and others, including the Cystic Fibrosis Foundation, which joined the round based on Carmine's potential to provide an innovative approach to gene therapy in cystic fibrosis.
Company Info
Location
150 cambridgepark drive
cambridge, maryland, united states
Additional Info
Carmine Therapeutics, headquartered in Cambridge MA, is pioneering a new class of non-viral gene therapies based on red blood cell extracellular vesicles, combined with proprietary payloads. In June 2020, Carmine inked a research alliance with Takeda Pharmaceuticals worth up to $900 million to develop non-viral gene therapies for 2 targets. Carmine has also been named one of the FierceBiotech’s Fierce 15 Biotech companies of 2020 and was also awarded the Bristol-Myers Squibb "Golden Ticket". Carmine was founded in 2019 by EVX Ventures, Professors Harvey Lodish (Whitehead, MIT), Minh Le and Jiahai Shi. Professor Lodish, who was a founding member of several successful biotech companies that include Genzyme and Millennium Pharmaceuticals, is also Chair of the Scientific Advisory Board of Carmine.