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Gracell Closes $100 Million C Funding for Novel CAR-T Technologies

publication date: Oct 29, 2020

Gracell Bio, a Suzhou CAR-T company, closed a $100 million Series C funding to develop products that address the major problems facing CAR-T therapies: high cost and manufacturing time. The company has developed two technologies, FasTCAR and TruUCAR, which offer next-day manufactured or off-the-shelf CAR-T therapies. One candidate from each technology has started investigator-led studies in China. The company's latest fundraising was led by Wellington Management Company, OrbiMed and Morningside Ventures. More details....

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