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Gracell Biotech of Suzhou Completes $85 Million Series B for Immune Cell Gene Therapies

publication date: Feb 25, 2019

Gracell Biotechnologies, a Suzhou immune cell gene therapy company, has completed an $85 million series B funding led by Temasek. Gracell is focused on developing best-in-class cellular medicines for cancer patients by addressing the complex manufacture and high cost of cellular gene therapeutics. With the new funds, it plans to start clinical trials with several of its next-gen immune cell gene therapy drug candidates. Lilly Asia Ventures, Kington Capital, King Star Capital and Chengdu Miaoji also participated in the funding. More details....

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