Daily Newsletter

23 September 2024

Daily Newsletter

23 September 2024

GC Therapeutics secures $65m to launch into off-the-shelf iPSC therapy space 

The biotech has secured $65m in a Series A funding round led by Cormorant Asset Management and other investors.

Jenna Philpott September 20 2024

GC Therapeutics (GCTx) has propelled itself into the cell therapy space with $65m under its belt to deliver off-the-shelf induced pluripotent stem cell (iPSC)-based medicines.  

GCTx’s “plug and play” platform TFome – developed in the lab of Professor George Church at Harvard Medical School – transforms iPSCs into any cell type using a comprehensive collection of human transcription factors. By leveraging machine learning and advanced genome-scale testing, TFome can optimise transcription factor combinations. 

The biotech secured $65m in a series A financing round led by Cormorant Asset Management with participation from Mubadala Capital and Andreessen Horowitz (a16z) Bio + Health, among others. That brings GCTx’s total funds raised since its 2019 creation to $75m, according to the 19 September announcement. 

Several other biotechs have dipped their toes into the iPSC space, which are derived from a person’s skin or blood cells. In August 2023, New York-based BlueRock Therapeutics signed a collaboration and option agreement with bit.bio to discover and manufacture iPSC-derived regulatory T cell-based therapies. bit.bio has its own opti-ox precision cell programming technology which is used for controlling the expression of transcription factor combinations within cell therapies. 

However, according to GCTx, TFome is set to produce off-the-shelf cell therapies up to 100 times quicker than conventional methods. The biotech also claims it can enable single-step stem cell differentiation with over 90% efficiency in just four days. The company aims to use this platform to tackle diseases like those affecting the digestive system, brain, and immune system. 

In the announcement accompanying the funding round, GCTx’s CEO Parastoo Khoshakhlagh emphasised that the challenges involved with scaling cell therapies and generating high-quality products limit their full potential and patient accessibility.  

GCTx has validated its programming approach across diverse cell types both in vitro and in vivo and has also engineered cells into SuperCells to tailor them for specific disease applications, said GCTx’s chief scientific officer Alex Ng in the company's release. 

“Unlike conventional iPSC approaches, TFome goes beyond traditional developmental biology by pushing the limits of the principle that cell identity is determined by the active gene regulatory networks governed by TFs. This approach enables more direct and precise control over cell fate, thereby setting a new standard in cell programming,” added Ng.  

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Future of the Healthcare Sector

Companies in the healthcare sector are investing in the technologies of the future right now. GlobalData's latest thematic report looks ahead to 2035 and beyond, identifying the key innovations that will revolutionize the industry and profiling the start-ups leading the charge. The report also evaluates the global outlook for the sector and how various challenges must be addressed for these trends to reach their full potential.

Future of the Healthcare Sector

Companies in the healthcare sector are investing in the technologies of the future right now. GlobalData's latest thematic report looks ahead to 2035 and beyond, identifying the key innovations that will revolutionize the industry and profiling the start-ups leading the charge. The report also evaluates the global outlook for the sector and how various challenges must be addressed for these trends to reach their full potential.

Future of the Healthcare Sector

Companies in the healthcare sector are investing in the technologies of the future right now. GlobalData's latest thematic report looks ahead to 2035 and beyond, identifying the key innovations that will revolutionize the industry and profiling the start-ups leading the charge. The report also evaluates the global outlook for the sector and how various challenges must be addressed for these trends to reach their full potential.

Future of the Healthcare Sector

Companies in the healthcare sector are investing in the technologies of the future right now. GlobalData's latest thematic report looks ahead to 2035 and beyond, identifying the key innovations that will revolutionize the industry and profiling the start-ups leading the charge. The report also evaluates the global outlook for the sector and how various challenges must be addressed for these trends to reach their full potential.

Future of the Healthcare Sector

Companies in the healthcare sector are investing in the technologies of the future right now. GlobalData's latest thematic report looks ahead to 2035 and beyond, identifying the key innovations that will revolutionize the industry and profiling the start-ups leading the charge. The report also evaluates the global outlook for the sector and how various challenges must be addressed for these trends to reach their full potential.

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