ARTICLE | Finance
With new CEO, $55M A round, Locana readies RNA-targeting gene therapy for clinic
As it evolves beyond Cas9, Locana plans to leverage Arch-led series A to bring its first RNA-targeting gene therapy into clinic for genetic repeat expansion diseases
May 23, 2019 12:01 AM UTC
Preclinical data supporting its RNA-targeting gene therapy platform enabled Locana to attract $55 million in series A funding led by existing investor Arch Venture Partners, which the San Diego company plans to use to bring its first therapy into the clinic for genetic repeat expansion diseases.
Locana Inc. also hired gene therapy veteran and board member Jeffrey Ostrove as CEO, succeeding acting CEO Gene Yeo...