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Massive £50 million Series B round for UK-based Cell Medica

25 November 2014 13:15
By Tornado Staff

Cellular immunotherapy company Cell Medica has secured a £50 million series B funding round led by Imperial Innovations. The investor committed £15 million alongside co-investors Invesco Asset Management and Woodford Investment Management.

Cell Medica develops patient-specific products for the treatment of cancer and infectious diseases. The company’s lead oncology product, CMD-003, is under investigation in the CITADEL Phase II clinical trial for the treatment of patients with advanced lymphomas associated with the Epstein Barr virus. Comprised of the patient’s own immune cells, the product offers a targeted approach to cancer treatment with limited side effects or toxicities.

In the infectious disease field, Cell Medica is developing Cytovir CMV for the treatment of cytomegalovirus infections and Cytovir ADV for the treatment of adenovirus infections. Both applications are aimed at treating and preventing infections in patients who are immunosuppressed following a bone marrow transplant. The clinical development of Cytovir CMV has been funded in part by The Wellcome Trust.

Cell Medica received a seed funding round in 2007 from Imperial Innovations. This investor continued its support for the company, leading each of its subsequent funding rounds, including a series A investment in 2012, which brought in Invesco and CPRIT (Cancer Prevention Research Institute of Texas) as investors.

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