Capstan Therapeutics debuts with $165 million financing

14 September 2022

Continuing this year’s trend of new venture capital-backed biotechs springing up, today sees the launch in the USA of Capstan Therapeutics, which says it is dedicated to developing and delivering precise in vivo cell engineering to patients, and has a bicoastal presence with operations in San Diego and Philadelphia.

Capstan has received $165 million in financing to build on the foundational insights of world-renowned leaders in mRNA and cell therapy, combining the power of cell therapy with the precision of genetic medicines to help bring safer, first-in-class medicines to more patients in multiple indications.

Capstan’s funding includes a recently closed $102 million Series A financing led by Pfizer Ventures and joined by Leaps by Bayer, Eli Lilly, Bristol Myers Squibb, Polaris Partners, Alexandria Venture Investments, and all existing investors, which follows a $63 million seed financing led by Novartis Venture Fund and OrbiMed and joined by RA Capital, and Vida Ventures in November 2021.

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