ARTICLE | Financial News
Gamida raises $40M in series F round
June 19, 2017 11:41 PM UTC
Cell therapy company Gamida Cell Ltd. (Jerusalem, Israel) raised $40 million in a series F round led by Shavit Capital. New investors VMS Investment Group and Israel Biotech Fund participated, as did existing investors Novartis AG (NYSE:NVS; SIX:NOVN), Clal Biotechnology Industries and Israel HealthCare Ventures.
Gamida's NiCord, an enriched cord blood product for use in bone marrow transplantation, is in a Phase III study to treat hematological malignancies. NiCord comprises ex vivo nicotinamide-expanded hematopoietic stem and progenitor cells derived from umbilical cord blood...
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