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Poseida's CAR-T, Gene Therapy Programs Get $142m Boost, Including Novartis Cash

 
• By Mandy Jackson

Despite its sidetracked IPO, a registrational trial for the company's BCMA-targeting CAR-T is underway to support a late 2020 BLA filing and this new VC funding could accelerate additional programs. CAR-T pioneer Novartis is strictly an investor in the Series C round, but takes a board seat.

New financing should help Poseida accelerate its timeline

Poseida Therapeutics Inc. may have one of the first BCMA-targeting chimeric antigen receptor T-cell (CAR-T) therapies approved in the US for multiple myeloma, which is why investors were eager to invest in the initial public offering the company proposed in January. But when the IPO was waylaid by the US government shutdown, other options for funding its development programs emerged.

San Diego-based Poseida believes its technology lends itself to safer and more persistent CAR-T therapies. The firm closed a $142m...

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IPO Update: With Just Two Small Offerings In Q2, What’s Next?

 
• By Mandy Jackson

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Finance Watch: Karyopharm Cuts Jobs In Cash Crunch; Pacira’s Layoffs Attributed To Efficiency

 
• By Mandy Jackson

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In Brief: Soleno To Raise $200m To Boost Vykat XR Launch

 
• By Manas Mishra

Soleno Therapeutics will raise about $200m gross proceeds from an offering of 2.35m of its common stock to fund the commercialization of Vykat XR, which became the first drug for Prader-Willi syndrome to gain US approval on March 26.

Investors Back Nuclidium’s Next-Gen Copper-Based Radiopharmaceuticals

 
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The Swiss company believes its platform can make radiopharmaceuticals easier to produce and more accessible to patients.

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IPO Update: With Just Two Small Offerings In Q2, What’s Next?

 
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Actuate Is Looking For A Buyer To Advance Pancreatic Cancer Candidate

 
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Novartis Upbeat Even With Entresto Expiry Looming

 
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