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ElevateBio Raises $401m To Fund Its Own And Partners’ Future Cell And Gene Therapy Needs

$1.3bn Invested In R&D, Manufacturing One-Stop Shop To Date

 
• By Mandy Jackson

ElevateBio closed a series D venture capital round and revealed a potentially multibillion-dollar deal between its Life Edit subsidiary and Novo Nordisk as demand for its cell and gene therapy capabilities grow.

DNA helix 3D model
ElevateBio has gene editing, iPSC, vector, RNA and cell technology platforms • Source: Shutterstock

ElevateBio, LLC launched in 2019 as a cell and gene therapy R&D and manufacturing hub for its subsidiary companies and partners, and with demand for its know-how growing, the firm has raised $410m in series D venture capital to keep the momentum going. Alongside the new financing, ElevateBio announced on 24 May that its subsidiary company Life Edit Therapeutics, Inc. has entered into a collaboration with Novo Nordisk A/S to develop gene-editing therapies.

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