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Gracell Raises $209 Million in US IPO for Novel CAR-T Therapies

publication date: Jan 8, 2021

Gracell Biotech of Suzhou completed a $209 million NASDAQ IPO for its next-gen CAR-T treatments. Gracell set out to address the difficulties presented by previous cell therapies, including complex manufacture, lack of off-the-shelf products and the short duration of efficacy. Gracell uses two platforms for discovery: FasTCAR, which manufactures autologous CAR-T products in 22-36 hours (rather than two to six weeks); and TruUCAR, which offers off-the-shelf CAR-T products. Gracell has a market cap of $1.7 billion after climbing 38% in early trading. More details....

Stock Symbol: (NSDQ:GRCL)

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