Kate Therapeutics debuts with $51 million financing and deal with Astellas

9 June 2023

San Diego, USA-base next-gen gene therapy developer Kate Therapeutics (KateTx) has emerged from stealth mode with a $51 million Series A financing.

The financing was co-led by founding investor Westlake Village BioPartners and Versant Ventures, with participation from Osage University Partners and UF Innovate | Ventures.

In addition, the two-year old start-up has granted Japanese drug major Astellas Pharma (TYO: 4503) an exclusive, worldwide license to develop, manufacture and commercialize KT430 to treat X-linked myotubular myopathy (XLMTM).

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