$62 million deal to bring 'near-term success' for cell therapy

14 January 2019

A start-up that was founded by a group of investors led by Pablo Legorreta, the chief executive of biopharma investor Royalty Pharma, has announced the $62 million acquisition of inRegen and its affiliate, Twin City Bio.

ProKidney has been initially capitalized with $75 million to finance this deal and to fund the clinical development of inRegen's Renal Advanced Cell Therapy (ReACT).

This autologous cell therapy involves a small amount of the patient's own kidney cells being extracted via a conventional biopsy.

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