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Johnson & Johnson makes a significant investment in Sail Biomedicines, committing $785 million up front, including a $465 million equity investment, to advance its lead CAR-T program.

PRIVATEJul 30, 202610 days ago

Amount Raised

$465 Million

Round Type

Venture - Series Unknown

SomervilleBiotechnologyHealth CareArtificial Intelligence

Investors

Johnson & Johnson

Description

Johnson & Johnson announced a deal to work with biotechnology firm Sail Biomedicines, including an initial equity investment of $465 million. The funding aims to help advance Sail's CAR-T therapy program, which is still in preclinical testing. J&J has also secured an exclusive option to acquire Sail for $2.58 billion in the future. This represents a strategic move into in vivo cell therapy by one of the industry giants.

Company Information

Company

Sail Biomedicines

Location

Somerville, Pennsylvania, United States

About

Sail Biomedicines, a Flagship Pioneering company, is generating tomorrow’s medicines today through the language of life. Sail’s platform combines first-in-category translatable circular RNA technology (Endless RNA™ or eRNA), and proprietary programmable nanoparticles, utilizing natural components, to comprehensively program medicines for the first time. By leveraging its rapid prototyping and testing bioplatform, Sail is building a wealth of data, enabling unparalleled use of state-of-the-art AI techniques for the integrative design of RNA medicines with unprecedented performance and broad applicability. For more, visit www.sail.bio and follow us on X (formerly Twitter) @SailBiomeds and on LinkedIn.

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