(Pictured left to right): Deborah Ley, PhD, Mahendra S. Rao, MD, PhD, Sir Gregory Winter, FRS, Igor Fisch, PhD, Nicolas Mermod, PhD, Marc Func, Ulrike Lemke, PhD, Thierry Schuepbach, PhD (Photo: Business Wire)
AAV producer NewBiologix emerges from stealth with $50M Series A
An AAV-centered biotech has come onto the scene with $50 million in hand, looking to use an in-house platform to produce a common component used in cell and gene therapies.
On Thursday, NewBiologix announced that it is working on a DNA-based platform to address manufacturing issues that come with developing AAV vectors used in advanced therapies. The Swiss company has come out of stealth with a $50 million Series A.
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