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Intellia Therapeutics secures a non-dilutive debt facility of up to $400 million with OrbiMed. This financing will provide financial flexibility for advancing key milestones.

PUBLIC · NTLASep 04, 20264 days ago

Amount Raised

$400 Million

Round Type

Grant

BiotechnologyData And AnalyticsHealth CareScience And Engineering

Investors

Orbi Med

Description

Intellia Therapeutics announced a $400 million non-dilutive senior secured term loan facility with OrbiMed. The facility includes an initial term loan of $75 million and additional tranches available upon achieving specified milestones. This financing enables Intellia to advance its planned launch of lonvoguran ziclumeran. It will also support the development of other pipeline efforts.

Company Information

Company

Intellia Therapeutics

About

Intellia Therapeutics, a leading clinical-stage genome editing company, is developing novel, potentially curative therapeutics leveraging CRISPR-based technologies. To fully realize the transformative potential of CRISPR-based technologies, Intellia is pursuing two primary approaches. The company’s in vivo programs use intravenously administered CRISPR as the therapy, in which proprietary delivery technology enables highly precise editing of disease-causing genes directly within specific target tissues. Intellia’s ex vivo programs use CRISPR to create the therapy by using engineered human cells to treat cancer and autoimmune diseases. Intellia’s deep scientific, technical and clinical development experience, along with its robust intellectual property portfolio, have enabled the company to take a leadership role in harnessing the full potential of genome editing to create new classes of genetic medicine. Learn more at intelliatx.com. Follow us on Twitter @intelliatweets.

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Intellia Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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