New Syncona company targets emerging area of cell therapy
Life sciences investment trust Syncona (LSE: SYNC) has set up a new cell therapy company.
Syncona has committed £34 million ($43 million) of the £35 million raised in the Series A financing for Quell Therapeutics, which has been established with the aim of developing engineered T regulatory (Treg) cell therapies.
"It is exciting to have the backing of Syncona to develop a new class of living medicine to avoid transplant rejection and treat autoimmune diseases"Quell will seek to utilize the power of Treg cells to advance therapies for the management and treatment of a range of conditions such as solid organ transplant rejection, autoimmune and inflammatory diseases.
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