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Finance Watch: Cell And Gene Therapy Firms Raised Nearly $20bn In 2020

Annual ARM Report Shows $19.9bn Raised Globally, A New Record

 
• By Mandy Jackson

Private Company Edition: Venture capital mega-rounds continue a brisk pace with machine learning-based drug discovery firm insitro and gene therapy developer Graphite Bio among recent $100m-plus deals. Also, Argobio raised €50m to fund five start-ups in Europe. 

Finance Watch

Cash is flooding into biopharmaceuticals, but regenerative medicine companies in particular have raked in large sums of cash – in part, because of the high upfront investment in manufacturing, but also because of the potential to cure intractable diseases. In 2020, that meant a record-breaking $19.9bn was invested in cell and gene therapy developers globally – double the $9.8bn raised in 2019 and substantially higher than the prior record of $13.5bn in 2018 – according to a new report from the Alliance for Regenerative Medicine (ARM).

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