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Vita Therapeutics Closes $31 Million Series B Financing To Develop Cell Therapies For Neuromuscular Diseases And Cancers

PRIVATEOct 12, 2022

Amount Raised

$31 Million

Round Type

Series B

BaltimoreBiotechnologyHealthcare

Description

Vita Therapeutics, a cell engineering company harnessing the power of genetics to develop novel cellular therapies to treat muscular dystrophies and cancers, today announced the completion of a $31 million Series B financing. The fundraise was led by Cambrian BioPharma and new investor Solve FSHD. New investors included Riptide Ventures and Cedars Sinai, which participated alongside TEDCO and other existing investors. Proceeds from the financing will be used to advance Vita’s lead pre-clinical program VTA-100 for limb-girdle muscular dystrophy (LGMD2A) to the clinic

Quick answer

Vita Therapeutics, Inc. raised $31 Million in a Series B round, dated October 12, 2022. Vita Therapeutics, Inc. is based in Baltimore, Maryland, United States.

How much did Vita Therapeutics, Inc. raise?
Vita Therapeutics, Inc. raised $31 Million in a Series B round on October 12, 2022.
What does Vita Therapeutics, Inc. do?
Vita Therapeutics, a Cambrian Biopharma affiliate, is a cell engineering company harnessing the power of genetics to develop cellular therapies that follow a dual manufacturing strategy, first beginning autologously..
Where is Vita Therapeutics, Inc. based and how big is it?
Vita Therapeutics, Inc. is based in Baltimore, Maryland, United States.

Source: Fundz verified event record.

Who else raised in Healthcare and Biotechnology around the same time

Companies in the same sectors as Vita Therapeutics, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Parabilis Medicines raised $178M (Series D) on November 21, 2022.
  • Citius Pharmaceuticals, Inc. raised $3.6M (Seed) on November 21, 2022.
  • Venus Concept Inc. raised $6.7M on November 18, 2022.
  • Streamex Corp. raised $1.5M (Seed) on November 18, 2022.
  • SCA Health raised $18K (Pre-Seed) on November 18, 2022.
  • Ingenia Therapeutics raised $7M on November 18, 2022.

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Company Information

Company

Vita Therapeutics, Inc.

Location

1812 ASHLAND AVENUE

Baltimore, Maryland, United States

About

Vita Therapeutics, a Cambrian Biopharma affiliate, is a cell engineering company harnessing the power of genetics to develop cellular therapies that follow a dual manufacturing strategy, first beginning autologously before moving to a universal hypoimmunogenic cell line. Vita was originally founded out of the labs of Dr. Gabsang Lee and Dr. Kathryn Wagner at Johns Hopkins University and the Kennedy Krieger Institute in 2019 by Douglas Falk, M.S. and Peter Andersen, PhD. The company utilizes induced pluripotent stem cell (iPSC) technology to engineer specific cell types designed to replace those that are defective in patients. We are currently working to progress our lead therapeutic, VTA-100, for the treatment of limb-girdle muscular dystrophy (LGMD), into clinical trials. For more information and important updates, please visit www.vitatx.com or follow us on Twitter @Vita_Tx and LinkedIn.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Vita Therapeutics, Inc. 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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