CRISPR Therapeutics, a biopharmaceutical company focused on translating CRISPR-Cas9 gene-editing technology into transformative medicines, today announced the closing of a Series A and Series B financing totaling USD 89 million, including USD 35 million of new funding in the Series A and USD 29 million in the Series B.
The oversubscribed Series A and Series B financings were led by strategic investors, SR One and Celgene Corporation, respectively, and included new investors New Enterprise Associates (NEA) and Abingworth, alongside the Company’s founding investor, Versant Ventures.
CRISPR Therapeutics has also announced changes to its Board of Directors. Simeon George, SR One, Ali Behbahani, NEA, and Kurt von Emster, Abingworth, will be joining Brad Bolzon, Tom Woiwode, and Chief Executive Officer, Rodger Novak.
“We are very excited to have such a group of top tier institutional and strategic investors join us in writing the next chapter of CRISPR Therapeutics,” commented Dr. Rodger Novak. “This additional significant investment signals a strong commitment and validation of our approach to rapidly translate the novel gene-editing technology CRISPR-Cas9 into life-changing medicines for patients. We will be using these proceeds to advance our current and future programs toward the clinic and to expand our research and development organization in Cambridge, Massachusetts.”
“CRISPR-Cas9 is a fundamental breakthrough that enables us to address the root cause of multiple diseases through gene-editing,” commented Simeon George of SR One. “We are excited to be part of the very talented team from academia and industry at CRISPR Therapeutics, as they embark on a very compelling mission to transform patient care by bringing CRISPR-Cas9 into the clinic.”
“We welcome Simeon, Kurt, and Ali to the Board of Directors and are looking forward to working effectively together as a strong team in support of CRISPR Therapeutics,” commented Brad Bolzon, Chairman of the Board.
About CRISPR Therapeutics
CRISPR Therapeutics is a biopharmaceutical company created to translate CRISPR-Cas9, a breakthrough gene-editing technology, into transformative medicines for serious human diseases. The team has undertaken translational development programs in several important disease areas with collaborators in Europe and the U.S. and they maintain operations in Basel, Switzerland, Stevenage, UK and Cambridge, Massachusetts, USA. The vision is to cure serious human diseases at the molecular level using CRISPR-Cas9.
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