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Shanghai Oricell Raises $45 Million to Take Cellular Immunotherapies to US

publication date: Feb 28, 2023

Shanghai Oricell Therapeutics closed a $45 million B1 investment round to develop its portfolio of cellular immunotherapies, particularly in the US. In July 2022, the company completed a $120 million B round. Oricell plans to take OriCAR-017, a GPRC5D CAR-T therapeutic that treats relapsed and refractory multiple myeloma, to the US as the lead drug in its US expansion. The candidate is in IND enabling studies in the US and China. The B1 round was led by RTW Investments and Qatar Investment Authority with participation from existing investors Qiming Venture Partners and C&D Emerging Industry Equity Investment. More details....

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