Tessa raises $126 million to advance CAR-T program
Singapore-based clinical-stage cell therapy company Tessa Therapeutics developing next-generation cancer treatments for hematological malignancies and solid tumors, today announced the close of a $126 million Series A financing round.
Polaris Partners led the financing with participation from existing investors, including Temasek, EDBI, Heliconia Capital and Heritas Capital. In conjunction with the financing, Amy Schulman and Darren Carroll, managing partners at Polaris Partners, have joined Tessa’s board of directors.
Tessa plans to use the proceeds from the financing to advance the ongoing clinical development of the company’s autologous CD30-CAR-T therapy (TT11) and allogeneic CD30.CAR EBVST therapy (TT11X) programs. The CD30-CAR-T clinical trial supplies will be manufactured in Tessa’s newly qualified state of the art commercial cGMP facility.
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