CRISPR Therapeutics raises additional $38 million financing
Swiss gene editing start-up CRISPR Therapeutics has announced an additional $38 million closing of its Series B financing. This additional investment brings the total Series B financing round to nearly $140 million.
The previous Series B investment was led by Vertex Pharmaceuticals (Nasdaq: VRTX) and Bayer Global Investments, an affiliate of German pharma major Bayer (BAYN: DE), as part of the company's strategic investment in CRISPR Therapeutics.
This second, oversubscribed closing of the Series B financing, includes several new institutional investors and specialized healthcare funds. Participating investors in this round include Franklin Templeton Investments, New Leaf Venture Partners, funds advised by Clough Capital Partners and Wellington Capital Management, and other
undisclosed funds specializing in life sciences.
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