J&J turns its back on Capricor and its failed stem cell tech, taking its money and rep with it
A little more than three years ago, J&J stepped up with a $12.5 million upfront to rent a front row seat on Capricor Therapeutics’ $CAPR Phase II stem cell study, looking to see if their off-the-shelf approach could mend a damaged heart. At the time, CEO Linda Marbán told me that it was well worth the year-long review effort needed to bring the pharma giant to the table, looking to roll ahead with $325 million in milestones.
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