Cambridge, UK, spin-out MISSION Therapeutics gets 6 million funding

25 August 2011

A team led by Stephen Jackson together with the UK’s Cancer Research Technology (Cancer Research UK’s commercial arm) and the University of Cambridge yesterday (August 25) announced the launch of MISSION Therapeutics, with Series A funding from a top venture capital syndicate.

The company has raised £6 million ($9.9 million) in Series A funding from a strong venture capital syndicate led by Sofinnova Partners, and comprising Imperial Innovations, SR One and Roche Venture Fund.

The new spin-out company will translate cutting-edge cell biology research on DNA repair from Prof Jackson’s laboratory at the Gurdon Institute, University of Cambridge, into drugs that will markedly improve the management of life-threatening diseases, particularly cancer. The company will be based at the Babraham Research Campus, Cambridge, UK.

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