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Syncona backs pair of gene therapy start-ups
June 15, 2018 7:57 PM UTC
Syncona Ltd. (LSE:SYNC) launched SwanBio Therapeutics Ltd. (Boston, Mass.) and Orbit Biomedical Ltd. (Philadelphia, Pa.), a pair of gene therapy newcos for CNS and retinal disorders, respectively.
The U.K. investment firm provided $23 million of SwanBio's $25 million series A round for a 72% stake. Partners Innovation Fund provided the balance (see BioCentury, June 13)...
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