Cell and Gene Therapy Business Outlook

 

A New Publication Covering The CELL AND GENE THERAPY INDUSTRY

The Best Way to Keep up with the Growing Cell and Gene Therapy Industry

From Science and Medicine Group, the company behind Instrument Business Outlook, Kalorama Information, SDi and other publications, comes a new publication: Cell and Gene Therapy Business Outlook.

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With thousands of potential therapies on the market, cell and gene therapy promises future potential for pharmaceutical developers and those serving them.

  • A new twice-monthly publication dedicated to cell and gene therapy, Cell and Gene Therapy Business Outlook will offer the following:
  • Market Sizing and Forecasting of CGT Markets in Every Issue
  • Executive News Summaries – What is Happening in CGT Markets and Why It Matters
  • Deals Between CGT Companies Tracked in Every Issue
  • Important Science That Will Shape Tomorrow’s Business
  • Updates on Pipelines and Important Clinical Trials
  • Cell and Gene Therapy Tools, CMOs, Manufacturing Developments
  • Market Analysis of a Cell and Gene Therapy Segment in Every Issue

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There are many websites, publications and sources on cell therapy. Cell and Gene Therapy Business Outlook differs from these sources in that it is created by market researchers and editors focused on business opportunity. Each issue will track the market size and potential for a key market segment.

Who Is Dealing with Whom? Tracking of Cell and Gene Company Deals In Every Issue.

There is a never-ending stream of activities in this market. How can you keep up? Each issue of Cell and Gene Therapy Business Outlook will keep track of mergers, investments, licensing, technology transfers and partnerships in the industry. Each issue of Cell and Gene Therapy Business Outlook contains an updated CGT Recent Deals Table with information on these important events.

Future issues will also analyze of the number of deals and increases or decreases in activity as a measure of business. You’ll never miss an important happening with Cell and Gene Therapy Business Outlook. Also, the Recent Deals Table is a great resource for tracking companies in the market.

The News That Matters

Edited by Blake Middleton, a professional CGT researcher and former Staff Research Associate at UCLA Department of Pharmacology, Cell and Gene Therapy Business Outlook is designed to provide the most relevant news. Included is news that could affect business decisions near-term. Cell and Gene Therapy Business Outlook also explains the relevant science.
With a focus on what the recent news of the day means for business, our curated news and news analysis means that you and your organization can be confident you won’t miss an important development in cell and gene therapy.

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Convenient and Cost-Effective Seat-Based Pricing: Pricing depends on the number of users. Subscriptions can be as low as $2,200 annually for a limited one-person (single user) subscription.

Open up access: If more than one person will be reading, you can unlock access to other members of your organization. It’s easy to do: team subscription prices are as little as $4,995 annually for up to five readers. Larger team? Other licenses are available. Consult our website.  Convenient and Cost-Effective Seat-Based Pricing: Pricing depends on the number of users. Subscriptions can be as low as $2,200 annually for a limited one-person (single user) subscription.


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THE CELL AND GENE THERAPY MARKET IN ONCOLOGY is $1,582M

MARKET SIZE: The global market for cell and gene therapy for oncology reached $1,582 million in 2020 and is expected to climb to $2,744 for 2021.

There are over 100 different types of cancer; some of the more prominent include lung, breast, brain, blood, prostate and colon cancer. The immune system plays a primary role in the body’s defense against malignancy. Although a tumor is derived from the body’s own cells and is expected to possess proteins that are recognized as self and nonantigenic, neoplastic cells can express antigens that are not recognized as self. These cells can often be eliminated by the immune system.

FORECAST: projected to increase to $7,391 in 2025; $17,490 million by 2030.

Treating cancer is difficult because it is not a single disease and because all the cells in a single tumor do not behave in the same way. Although most cancers are thought to be derived from a single abnormal cell, by the time a tumor reaches a clinically detectable size, the cancer may contain a diverse population of cells.

Market Forecast:  Strong increases in the CAR-T therapy market, increasing from just $16 million in 2017 to $1,081 million in 2020 and projected to increase to $7,391 in 2025; $17,490 million by 2030.  Blood cancers are the leading driver in the segment, representing 68% of total sales. This is expected to be the primary segment through the forecast, representing 80% of sales by 2025 and 80% in 2030.  The United States and Europe are the largest markets due to overall product approvals and cost associated with the therapies. The US market represented nearly 77%, while Europe represented 19% in 2020.  Gilead and Novartis combined represent 68% of the market for cell and gene therapy in oncology.  Industry refocuses on oncology cell and gene therapies in a post-pandemic arena, returning to pre-pandemic growth.

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AAV CAPSID DISCOVERY UPDATE

Adeno-associated viruses (AAV) are small human viruses which provoke only a mild immune response and are not known to cause any human disease. AAVs are quite simple in organization, possessing a small (4.7kb) single-stranded DNA genome with only two open reading frames (ORFs), rep and cap, flanked by short (145 base) inverted terminal repeats (ITRs). The rep ORF encodes multiple overlapping sequences for proteins required for replication, and the cap ROF does the same for capsid proteins, which are the proteins forming the outer viral protein coat. These genes alone are not sufficient for viral replication, and AAVs require co-infection with a second, helper virus (such as an adenovirus or HSV) to supply the remaining gene products for replication (hence the name adeno-associated virus).


Gene therapy AAV vectors are further modified to remove the rep and cap genes from the viral genome (along with their promoters and polyadenylation signal), replacing them with a therapeutic expression cassette. Production of recombinant AAV vectors in cell lines requires the rep and cap genes to be supplied by a plasmid transfected in trans, in addition to the genes supplied by the helper virus. None of these externally supplied viral genes are packaged into the final construct, so the resulting viral delivery vehicle consists only of the therapeutic cassette encased in an AAV capsid, without any viral genes present. The gene therapy vector is therefore incapable of replication, even with co-infection by a suitable helper virus.
In addition to their safety, AAV vectors possess many features which make them attractive gene therapy candidates. They have extremely low immunogenicity, they can infect both dividing and non-dividing cells, and they can persist outside the genome to offer stable, long-term expression without the risks associated with host genome integration.

AAV vectors also suffer from several shortcomings, however:
• Because of their wide distribution, many individuals have already been exposed to naturally occurring AAV serotypes and produce immune responses against them.
• AAV vectors cannot reach most tissues efficiently, and do not spread easily within those tissues if they do.
• Vectors will preferentially target some cell types but not others.
• Transduction efficiency is often extremely low.

Each of these shortcomings can be addressed by innovations in capsid structure. In addition to protecting the DNA payload, the capsid is responsible for binding to specific receptors on the target cell and safely delivering the DNA payload to the cell machinery that so will be transported to the nucleus. Viral packaging efficiency, host immunological response, tissue and cell type specificity, and transduction efficiency are all determined by the capsid serotype. Unfortunately, initial gene therapy experiments were restricted to a handful of natural AAV serotypes which had limited tropism in many human cell types. Common serotypes also present problems with pre-existing immunity (PEI), as up to 90% of the human population have already been exposed to at least one AAV serotype. For these reasons, novel capsid discovery is a current hotbed of gene therapy research.

More information on this topic can be found in the latest issue. SUBSCRIBE TODAY

 

THE LATEST NEWS FROM CELL AND GENE THERAPY OUTLOOK

 

There have been a number of recent developments in cell and gene therapy, as detailed in our bimonthly newsletter, Cell and Gene Therapy Business Outlook.

  1. In public offering news, Massachusetts-based Selecta Biosciences has announced a $38.7 million public offering to continue developing ImmTOR, its antigen-specific immune tolerance platform.
  2. Leading the private financing news, Cambridge-based cell therapy company Be Biopharma has raised $130 million in Series B financing to support its innovative B cell-based therapeutic protein delivery platform, bringing the company’s total to over $180 million, while vision-focused Aurion Biotech has raised $120 million with a corneal cell therapy leading its pipeline.
  3. Cimeio Therapeutics, based in Boston, MA, and Basel, Switzerland, has emerged from stealth with a novel cell-shielding technology and a $50 million Series A investment, and French DNA analysis company Genomic Vision has announced a new financing line worth up to $30 million.
  4. Finally, Scottish macrophage-based cell therapy Resolution Therapeutics has announced a $13 million extension to its $35 million Series A financing, Florida-based allogeneic cell supplier Gift of Life Biologics closed a $6 million funding round, and Belgian orthopedic cell therapy company Bone Therapeutics has signed a $5.4 million convertible bonds facility.
  5. Selecta Biosciences, a clinical-stage biotech company based in Watertown, MA, has announced that it has agreed to sell 27,428,572 shares of common stock at $1.41 per share (and accompanying warrants to purchase up to 20,571,429 shares of common stock, with an exercise price of $1.55 per share). The offering was expected to close on April 11, 2022, with gross proceeds of approximately $38.7 million.  SVB Leerink is sole bookrunner for the offering, with Canaccord Genuity acting as lead manager.  Selecta is developing ImmTOR, a nanoparticle-based system that delivers an immunosuppressant along with an antigen to promote antigen-specific immune tolerance.  The company’s candidate SEL-212 is being developed and commercialized for the treatment of chronic refractory gout through an out-licensing partnership with Swedish Orphan Biovitrum, and is currently being evaluated in in a Phase III clinical study. SEL-212 uses Selecta’s ImmTOR platform to deliver Pegadricase, which is a PEGylated version of urate oxidase derived from the yeast Candida utilis, designed to treat gout by reducing levels of serum uric acid.  While the PEGylation process blocks immunogenic epitopes on the Pegadricase enzyme, as a foreign protein it can still provoke a strong immune response.  By delivering an immunosuppressant drug called rapamycin alongside Pegadricase, ImmTOR promotes immune tolerance toward the foreign enzyme.  Selecta is also beginning a Phase I/II clinical trial of SEL-302 for the treatment methylmalonic acidemia (MMA), a rare metabolic disease that affects the body’s ability to metabolize certain amino acids and fats. SEL-302 uses the ImmTOR platform to deliver MMA-101, an AAV8-based gene therapy that delivers a functional copy of the MMUT gene to treat MMA.  ImmTOR delivery promotes immune tolerance toward the AAV vector, increasing the duration of its effectiveness and allowing it to be re-dosed.  The company is currently developing treatments for multiple indications in the fields of biologics, gene therapy, and autoimmune disease.
  6. Be Biopharma, based in Cambridge, MA, has announced the closing of a $130 million Series B financing bringing the total raised by the company to over $180 million. The financing was led by ARCH Venture Partners joined by new investors including Bristol Myers Squibb and existing investors including Atlas Venture, RA Capital Management, Alta Partners, Longwood Fund, and Takeda Ventures.   Be Biopharma is developing autologous and allogeneic Engineered B Cell Medicines (BeCM), based on research by co-founders Richard James, PhD,  and David Rawlings, MD, at Seattle Children’s Research Institute and the University of Washington School of Medicine.  The company’s BeCM platform takes advantage of B cells’ intrinsic ability to produce large quantities of protein, co-opting them to become programmable medicine factories with a broad range of applications.  Be Biopharma’s initial pipeline is centered on rare diseases and cancer, but the company plans to add additional therapeutics in areas such as infectious disease, neurological conditions, and autoimmune disease.
  7. Aurion Biotech, a clinical-stage vision-based biotech company based in Seattle, WA, with operations in Boston, MA, and Tokyo, Japan, has announced a $120 million financing round. The financing was led by Deerfield Management, and included existing investors Petrichor Healthcare Capital Management, Flying L Partners, Falcon Vision, and Visionary Ventures, with additional participation by Alcon. The funding will be disbursed based on the achievement of certain milestones.  Aurion is developing therapies for eyesight disorders (Falcon Vision and Visionary Ventures both specialize in ophthalmology-related investment), and its first candidate is a cell therapy for the treatment of corneal edema secondary to endothelial dysfunction.  The condition is treatable with corneal transplant therapy, however a severe shortage of donor corneas and the complex surgical procedure required limit that treatment’s availability to patients.  Aurion’s platform cultures healthy cells from donor corneas in a proprietary and patented process that enables a single cornea donor to treat more than 100 recipient eyes with a simple injection.
  8. Cimeio Therapeutics, based in Boston, MA, and Basel, Switzerland, has emerged from stealth with a $50 million Series A investment from Versant Ventures’ Ridgeline Discovery Engine in Basel. The company is developing Shielded-Cell & Immunotherapy Pairs, which combine cell-shielding technology with precisely paired immunotherapies, with the goal of improving hematopoietic stem cell (HSC) transplant and adoptive cell therapy (ACT) outcomes.  Cimeio’s proprietary immunotherapies target diseased cells, while healthy transplanted cells are protected by its cell-shielding technology.  The immunotherapies can be safely administered post-transplant as well.  The technology uses gene editing to alter cell surface receptors, inserting novel protein variants which prevent antibody binding while retaining receptor function.  In preclinical studies, the company has been able to protect its edited cells from attack by antibodies, T-cell engagers, antibody-drug conjugates (ADCs), and chimeric antigen receptor (CAR)-T cells.  Cimeio plans to have its first candidates in clinical development in 2023.
  9. Genomic Vision, a DNA analysis company based in Bagneux, France, has announced a new financing line with Winance for a maximum of 15 financing tranches of €2 million each, for a total of up to €30 million (approximately $32.5 million), which is sufficient to finance the company’s projected activities and development for the next three years. The company has developed a propriety Molecular Combing technology platform which automatically stretches single DNA molecules onto specially treated glass surfaces. The discrete DNA stands can then be analyzed at the single molecule level using the company’s Genomic Morse Code platform, which utilizes fluorescent probes of different colors and sizes designed to recognize a selected region of interest in the DNA and generate a code which can be used to identify changes to that DNA sequence, such as amplifications, deletions, repeats, inversions, and translocations.
  10. Resolution Therapeutics, a cell therapy company based in Edinburgh, Scotland, has announced the completion of a £10 million ($13 million) extension to the £26.6m ($34.75 million) Series A financing by Syncona, which was announced in December 2020. The company specializes in macrophage cell therapies for the treatment of inflammatory organ damage, based on clinical research by founders Stuart Forbes, PhD, at the University of Edinburgh, and John Campbell, PhD, at the Scottish National Blood Transfusion Service. Resolution is developing an autologous macrophage cell therapy for the treatment of chronic liver disease, and the financing will be used to continue to develop its autologous macrophage therapy pipeline and expand that development into allogeneic (“off-the-shelf”) macrophage cell therapies.
  11. Gift of Life Biologics, a GMP-compliant supplier of allogeneic cellular starting material based in Boca Raton, FL, has announced that it has closed a $6 million funding round, led by a world-renowned pharmaceutical company and Three Bridges Private Capital. The company is backed by the Gift of Life Marrow Registry and operates a 32,000 square-foot facility in South Florida which includes a donor center, a high-capacity apheresis collection facility, and a cellular therapy laboratory and biobank.  Gift of Life’s donor registry has a genetically diverse pool of more than 400,000 characterized donors and is accredited by the World Marrow Donor Association (WMDA), its apheresis center is accredited by the Association for the Advancement of Blood & Biotherapies (AABB), and its cellular therapy laboratory’s moderate and high complexity testing services are Clinical Laboratory Improvement Amendments (CLIA) accredited.
  12. Bone Therapeutics, an orthopedic cell therapy company based in Gosselies, Belgium, has announced that it has signed a €5 million ($5.4 million) convertible bonds (CBs) facility arranged by ABO Securities. The financing will be issued in seven tranches (€1.5 million, €1 million, and six tranches of €500,000) and will be used for the continuing clinical development of Bone Therapeutics’ lead candidate ALLOB. ALLOB is Bone Therapeutics’ off-the-shelf, allogeneic bone cell therapy derived from ex vivo cultured human bone marrow mesenchymal stromal cells (MSCs) from healthy adult donors, and is currently being evaluated in a Phase IIb clinical trial for the treatment of high-risk (delayed-union) tibial fractures, and in a Phase IIA trial evaluating ALLOB administration in lumbar spinal fusion.

There have been a number of recent developments in cell and gene therapy, as detailed in our bimonthly newsletter, Cell and Gene Therapy Business Outlook.

  1. Bristol Myers Squibb, based in New York, NY, has announced that the European Commission (EC) has granted Marketing Authorization for Breyanzi (lisocabtagene maraleucel; liso-cel), its CD19-targeted chimeric antigen receptor (CAR)-T cell immunotherapy, as a third-line treatment for adults with relapsed or refractory (R/R) diffuse large B-cell lymphoma (DLBCL), primary mediastinal large B-cell lymphoma (PMBCL), and follicular lymphoma grade 3B (FL3B). Breyanzi is Bristol Myers Squibb’s second CAR-T cell therapy to be approved in the EU, joining Abecma’s approval in August of last year as a fourth-line treatment for adults with R/R multiple myeloma.
  2. Kite, a Gilead Company based in Santa Monica, CA, has announced that the U.S. FDA has approved its CD19-targeted chimeric antigen receptor (CAR)-T cell therapy Yescarta (axicabtagene ciloleucel) for the treatment of large B-cell lymphoma (LBCL) that is refractory to, or that has relapsed within 12 months of, first-line chemo-immunotherapy. Yescarta is the first CAR-T cell therapy for to be approved by the FDA for initial treatment of relapsed or refractory (R/R) LBCL, and the first therapy to demonstrate improvement over the current standard of care (SOC) in almost 30 years.  The therapy was initially approved by the FDA in 2017 as a third-line therapy for R/R LBCL.
  3. JW Therapeutics, based in Shanghai, China, has announced it has received IND clearance from the National Medical Products Administration (NMPA) of China for a pivotal clinical trial of Carteyva (relmacabtagene autoleucel), its autologous chimeric antigen receptor (CAR)-T cell therapy targeting CD19 as a second-line treatment for relapsed/refractory (R/R) large B-Cell lymphoma (LBCL). The Phase III trial’s primary endpoint will be event-free survival (EFS), while secondary endpoints will include complete response rate (CRR), progression-free survival (PFS), overall survival (OS), duration of response (DOR), pharmacokinetics, and safety.
  4. Anixa Biosciences, based in San Jose, CA, has announced the initiation of a Phase I clinical trial evaluating its novel chimeric antigen receptor (CAR)-T cell therapy for the treatment of ovarian cancer. The therapy’s design differs a bit from traditional CARs, which typically feature an antigen binding domain comprised of a single-chain variable fragment (scFv) derived from an antibody.  Instead of an antibody-derived scFv, the CAR utilizes a ligand to target the follicle stimulating hormone receptor (FSHR), which is expressed exclusively on ovarian cells. The approach is known as chimeric endocrine receptor (CER)-T cell therapy, since the interaction is mediated by ligand-receptor binding rather than antibody-antigen binding. The therapy was developed at Philadelphia’s Wistar Institute by Alfredo Perales-Puchalt, MD, PhD, and José Conejo-Garcia, MD, PhD, and the Phase I trial will take place at Moffitt Cancer Center in Tampa, FL.
  5. Myeloid Therapeutics and Prime Medicine, both based in based in Cambridge, MA, have announced an exclusive option and research collaboration agreement to develop Myeloid’s proprietary RetroT platform. RetroT is an RNA-based, retrotransposon-mediated gene-insertion technology that delivers genetic sequences and integration enzymes with a single mRNA strand, and has the potential to insert entire genes into a genome. Under the agreement, Myeloid receives a $45 million upfront payment from Prime, as well as future milestone payments and royalties.  In exchange, Prime will have the exclusive option to gain control of intellectual property from the collaboration to be used alongside its own Prime Editing platform, which adapts CRISPR/Cas technology to perform genome editing operations.
  6. Novartis, based in Basel, Switzerland, has announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has recommended the European Commission to approve its chimeric antigen receptor (CAR)-T cell therapy Kymriah (tisagenlecleucel) as a third-line treatment for adults with relapsed or refractory (R/R) follicular lymphoma (FL). The European Commission will make its final decision in approximately two months, and approval would be applicable to all 27 EU member states plus Iceland, Norway, and Liechtenstein.  Kymriah has already been approved in the EU for two other indications: the treatment of children and young adults with B cell acute lymphoblastic leukemia (ALL) that is refractory, in relapse post-transplant, or in second or later relapse; and as a third-line treatment for adults with R/R diffuse large B cell lymphoma (DLBCL).
  7. Legend Biotech Corporation, based in Somerset, NJ, has announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has recommended Janssen Pharmaceutica’s marketing authorization of its chimeric antigen receptor (CAR)-T cell therapy CARVYKTI (ciltacabtagene autoleucel, or cilta-cel) as a fourth-line treatment for adults with relapsed and refractory (R/R) multiple myeloma (MM). CARVYKTI is a genetically modified, autologous T-cell immunotherapy with a CAR design featuring two single-domain antibodies targeting B-cell maturation antigen (BCMA), which is primarily expressed on the surface of malignant multiple myeloma B-lineage cells, as well as late-stage B-cells and plasma cells. In December 2017, Legend entered into an exclusive worldwide license and collaboration agreement with Janssen Biotech to develop and commercialize CARVYKTI. In February 2022, CARVYKTI was approved by the U.S. FDA as a fifth-line treatment for adults with R/R MM.
  8. Exothera, a viral vector contract manufacturing and development organization (CDMO) based in Charleroi, Belgium, has received Good Manufacturing Practices (GMP) certification for its facilities in Jumet, Belgium, from the Federal Agency for Medicines and Health Products (FAMHP). Exothera is a subsidiary of Univercells, and the facilities occupy with a combined area of 8,600 square meters (92,570 square feet) across two buildings on Univercells’ Jumet campus.  The GMP-qualified manufacturing space is one of Europe’s largest, with an area totaling 2,100 square meters (22,600 square feet).
  9. FUJIFILM Corporation, based in Tokyo, Japan, has announced that Santa Ana, CA-based FUJIFILM Irvine Scientific will acquire Warminster, PA-based Shenandoah Biotechnology, a manufacturer of recombinant proteins, including cytokines and growth factors. FUJIFILM Irvine is a key player in the development and manufacture of serum-free and chemically defined cell culture media.  Shenandoah Biotechnology has recently launched their cGMP, ISO 9001:2015-certified CTG Grade line of cytokines and growth factors, and FUJIFILM says the acquisition will help the company establish a leading position in the advanced therapy market.  Terms of the deal, which was expected to close in late March, were not disclosed.
  10. AlloVir, a clinical-stage allogeneic T-cell immunotherapy company based in Waltham, MA, has announced the initiation of a Phase III clinical study evaluating its lead product posoleucel for the prevention of multiple types of viral infection. Posoleucel is an off-the-shelf, allogeneic multi-virus-specific T-cell (VST) therapy targeting six viral pathogens which can be life-threatening in immunocompromised individuals: adenovirus (AdV), BK virus (BKV), cytomegalovirus (CMV), Epstein-Barr virus (EBV), human herpesvirus-6 (HHV-6), and JC virus (JCV).  Posoleucel’s ability to prevent clinically significant viral infections and end-organ diseases in high-risk, allogeneic hematopoietic cell transplant (allo-HCT) patients will be evaluated.  The trial will enroll approximately 300 adult and pediatric patients, and marks the third ongoing Phase III trial evaluating posoleucel, in addition to an ongoing Phase II trial.  Posoleucel has been granted Regenerative Medicine Advanced Therapy (RMAT) and Orphan Drug designations by the U.S. FDA, and PRIority Medicines (PRIME) and Orphan Medicinal Product designations by the European Medicines Agency.
  11. Akron BioProducts, based in Boca Raton, FL, and Vor Bio, a clinical-stage cell and genome engineering company based in Cambridge, MA, have announced plans to develop and manufacture current good manufacturing practices (cGMP)-compliant nucleases. Akron is a leading manufacturer of cGMP-compliant cell and gene therapy products, and the collaboration will expand the company’s portfolio of off-the-shelf gene editing solutions.   Vor specializes in engineered hematopoietic stem cell (eHSC) and chimeric antigen receptor (CAR)-T cell therapies, and hopes to likewise diversify its collection of nucleases to be used to create engineered cell therapies.
  12. RootPath, a synthetic biology company based in Waterton, MA, has emerged from stealth, unveiling new technology enabling high-throughput gene synthesis. The company’s PathFinder DNA Assembly platform can program tens of thousands of short synthetic DNA fragments to self-assemble into thousands of long genes simultaneously, and its Nano Toothpick platform can screen synthetic gene products for single-base errors and recover the error-free molecules.  Together, the two technologies overcome the challenges presented by the synthesis of long genes at high-fidelity.  RootPath’s lead therapeutic candidates are fully personalized T cell therapies based on synthetic tumor-infiltrating lymphocytes (TILs), which the company presented in March at the Keystone Symposium’s Cancer Immunotherapy: Decoding the Cancer Immunity Interactome in a session and poster titled, “Functional decoding of tumor immune repertoire through massively parallel TCR gene synthesis and screening.” Other applications the company is pursuing for the technology include antibody discovery, enzyme design, and gene therapy optimization.  RootPath was founded in 2017 and raised $7 million in seed funding from investors including Sequoia China, Volcanics Venture, Baidu Ventures, and Nest.Bio Ventures. In January 2020 the company raised $11 million in Series A financing, followed by a $50 million Series B round in September 2021, for a total of $68 million in financing.
  13. Inscripta, based in Boulder, CO, has executed a licensing agreement with Penn State Research Foundation, Penn State’s licensing entity, for technology developed by Yinong Yang, PhD, professor of plant pathology in the College of Agricultural Sciences. The technology expands the capabilities of CRISPR/Cas gene editing systems by enabling the simultaneous expression of multiple guide RNAs (gRNAs).  Taking advantage of transfer RNA processing machinery, multiple gRNAs are interspersed with tRNAs, which are then cleaved at the tRNA-gRNA junctions by tRNA-processing enzymes to release the gRNAs.  The agreement licenses the new technology for use with Inscripta’s trademarked MAD7 nuclease, to which the company provides free access for any R&D use.