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Gracell Raises $100 Million in Private Placement for Trials of CAR-T Candidates

publication date: Aug 7, 2023

Gracell Biotechnologies, a Suzhou-San Diego CAR-T company, raised $100 million in a private placement that could rise to $150 million if participants exercise options for additional shares. Gracell is developing a portfolio of CAR-T candidates based on its FasTCAR platform, which features next-day delivery of autologous CAR-T therapies, and its TruUCAR off-the-shelf technology platform. Gracell said the capital will support the company into the second half of 2026. The private placement priced the company’s ADSs at $3.60, and the warrants will purchase an ADS at $5.58.  More details....

Stock Symbol: (NSDQ: GRCL)

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