Eyeing Duchenne MD cure, The Column Group gambles $40M on CRISPR/Cas9 startup Exonics
The Column Group thinks that gene editing may provide just the right kind of technology needed to cure Duchenne muscular dystrophy. And the investment group is wagering $40 million that the preclinical mouse data used to back biotech startup Exonics is pointing in the right direction.
This infusion of cash is a big boost for Exonics, a Cambridge, MA-based company which started out with $5 million in seed money from CureDuchenne. But their backers in San Francisco are not just handing the funds off, Exonics CEO John Ripple told Endpoints News. In addition to bankrolling the preclinical research (much of which will be optimizing the current technology), it will also be pivotal in expansion efforts as Exonics looks to start a lab in Cambridge to supplement founder Eric Olson’s research at UT Southwestern.
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