Johnson & Johnson, Pfizer, Eli Lilly and other big pharmas are backing this San Diego biotech with $175M

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Local biotech Capstan Therapeutics exceeded its fundraising goal by $50 million despite a tough venture capital environment.

A San Diego biotech is working on therapies that could tackle life-altering conditions, like autoimmune diseases and cancer, by modifying cells. But instead of engineering cells in a lab, they're doing it inside your body. Thanks to that novel approach and the support of some of the biggest names in the pharmaceutical industry, Capstan Therapeutics has netted $175 million in a fundraising round, despite a sluggish venture capital environment for startups.

“This is why our industry needs to have a different approach so that we can bring it forward to more people in an easier way.” Capstan encodes mRNA and packages it in a lipid nanoparticle that is “decorated” with an antibody, which directs the body’s T-cells to attack problematic cells. There are broad applications for this platform technology, Shawver said, but right now Capstan is looking at ways to treat cancer, fibrosis, and autoimmune and genetic blood disorders.

 

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