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Israel's Gamida Cell Survives By Selling To Lender

 
• By Kevin Grogan

Having finally secured US approval for Omisirge, Gamida was hoping to bag a strategic partner for the cell therapy. A year on, no suitable partner has been identified and the firm is delisting from the NASDAQ and going private.

Man walking through a break in a jig-saw puzzle wall - 3D illustration
• Source: Shutterstock

Gamida Cell Ltd. has run out of time and money. After failing to find a partner for allogeneic cell therapy Omisirge, the Israeli biotech is being acquired by Highbridge Capital Management, the company's principal lender.

The Kiryat Gat-based biotech, which has offices in Boston, is listed on the NASDAQ but not for much longer

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