Daily Newsletter

24 August 2023

Daily Newsletter

24 August 2023

Cellares secures $255m for cell therapy development facility

The facility will manufacture 40,000 cell therapy batches annually.

Vishnu Priyan August 24 2023

Integrated development and manufacturing organisation (IDMO) Cellares has raised $255m in a Series C financing round for a cell therapy development facility at Bridgewater in New Jersey, US.

New investor Koch Disruptive Technologies led the funding round and its managing director David Mauney will join Cellares’s board of directors.

The financing round saw participation from Bristol Myers Squibb, Willett Advisors and DFJ Growth, along with current investors Eclipse, Decheng Capital and 8VC. 

To be spread over 118,000ft², the new commercial-scale IDMO smart factory will feature robotics, tailored technology and interconnected software. 

The facility will manufacture 40,000 cell therapy batches annually.

IDMO smart factories use combined technologies to manufacture ten times more cell therapy batches annually versus standard CDMO plants, utilising the same labour and footprint. 

Cellares's technology adoption partnership programme aids the collaboration of cell therapy developers in automating and transferring technology manual processes onto the manufacturing platform within six months.

This platform merges all the technologies needed to carry out the operations in the unit.

Cellares CEO Fabian Gerlinghaus stated: “The creation of the first IDMO marks the beginning of a new era, in which cell therapies will finally be able to reach those in need. 

“We’ve developed integrated technologies for the entire drug development and manufacturing lifecycle. 

“Now we’re leveraging these technologies to offer global manufacturing services for the living drugs of the 21st century.”

Multiple Myeloma (MM) pipeline is dominated by CAR-T cells

The success of CAR-Ts in MM has fueled R&D investment into this class of therapy, with more CAR-Ts in development than all other cell and gene therapy classes combined. The approval of the autologous CAR-T cell therapies Abecma and Carvykti sees the CAR-T pipeline mostly constituted of autologous drugs. However, there are also multiple allogeneic CAR-Ts in the pipeline, with these therapies having an “off-the-shelf” advantage over autologous therapies.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close