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Porton Advanced Raises $80 Million for Gene and Cell Therapy CDMO Operations

publication date: Aug 22, 2022

Porton Advanced Solutions, a Suzhou CDMO offering gene and cell therapy services, completed an $80 million Series B round to expand its business into new markets. The company has built an integrated CDMO platform that provides plasmids, cell therapy, gene therapy, oncolytic virus, nucleic acid therapy and microbial vectors used for gene therapy (MVGTs). Currently, Porton has a 40,000sqft R&D and GMP production facility that has been operating for over two years. It expects a 160,000sqft commercial production facility will be operational around the end of 2022. The financing was led by China Merchants Group funds. More details....

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