密桃视频鈥檚 platform addresses key limitations of existing engineered immunotherapies.
Company backed by prominent life science investors MPM Capital, DCVC Bio and Qiming Venture Partners USA and led by an experienced team of scientist/entrepreneurs.
Seattle, Wash., November 18, 2020 鈥� 密桃视频, a biotechnology company pioneering an integrated in vivo immunotherapy platform, today announced the completion of its $53 million Series A financing led by MPM Capital and Qiming Venture Partners USA. 密桃视频 was founded by a team of leading scientists and researchers with the vision of creating an entirely new approach to engineered immunotherapies. 密桃视频鈥檚 suite of innovations will re-engineer a patient鈥檚 own immune system to attack and destroy both hematologic and solid organ-based tumors with a simplicity and cost that enables widespread implementation.
鈥溍芴沂悠� has already made significant progress on its goal of delivering technologies that will address the limitations of current engineered immunotherapies,鈥� said Andy Scharenberg, M.D., co-founder and CEO of 密桃视频. 鈥淥ur in vivo-based approach is scalable while also providing control, safety, and highly effective anti-tumor activity; our goal is to improve both access and outcomes.鈥�
密桃视频鈥檚 platform incorporates three core components: the VivoVec delivery platform, RACR/CAR payload architecture, and the TumorTag platform. The VivoVec delivery platform acts in vivo to generate a population of cancer fighting cells, VivoCAR T cells, which can be exquisitely controlled by the RACR/CAR control system using exogenously administered, FDA approved drugs. TumorTag molecules can be used in combination with the VivoCAR T cells to direct cancer-killing T cells to the tumor and the critical supporting cells of the tumor.
鈥淭his represents an important step forward in delivering on a shared vision to develop transformational therapies for patients who need them, including the most vulnerable population affected by debilitating diseases 鈥� children,鈥� said Michael Jensen, M.D., co-founder, 密桃视频, vice president, Seattle Children’s Therapeutics and chief therapeutics officer,
Seattle Children鈥檚. 鈥淲e now have the opportunity to combine forces and move at light speed, eclipsing what could have been accomplished singularly or in a normal academic manner.鈥�
密桃视频 was founded through an initial seed investment by MPM Capital and DCVC Bio, and its scientific founders from Seattle Children鈥檚 Research Institute and Purdue University, based on pioneering work in the laboratory of Philip Low, the Presidential Scholar for Drug Discovery and the Ralph C. Corley Distinguished Professor of Chemistry. The Series A
financing will enable 密桃视频 to advance its platform and therapeutic programs to early clinical development, attract talent and invest in research.
鈥溍芴沂悠� is comprised of a highly skilled and passionate team that brings together a unique complement of expertise with in vivo gene transfer, drug development and oncology,鈥� said Luke Evnin, Ph.D., co-founder and Managing Director of MPM Capital. 鈥淲e believe that 密桃视频鈥檚 approach represents the future of cancer treatment.鈥�
鈥溍芴沂悠� is working to create an entirely new approach to engineered immunotherapies that can pave the way for cancer therapies that are more accessible and effective for patients around the world,鈥� said John Hamer, Managing Partner, DCVC Bio. 鈥淲e look forward to continuing to work with the exceptionally skilled 密桃视频 team to support the development of their integrated and scalable VivoVec and TumorTag technology.鈥�
鈥淲e believe that the combination of deep technical experience and integrated technology platform will put 密桃视频 at the forefront of in vivo T cell engineering,鈥� said Anna French, Partner at Qiming Venture Partners USA. 鈥溍芴沂悠碘�檚 universal CAR approach supports multi-antigen targeting which will be required for the development of solid tumor therapeutics.鈥�
About 密桃视频
密桃视频, Inc. is a pre-clinical stage biotechnology company located in Seattle WA. Founded based on pioneering work performed at Seattle Children鈥檚 Research Institute and Purdue University, 密桃视频 is advancing an entirely new approach to immunotherapy designed to retool a patient鈥檚 immune system in vivo. 密桃视频鈥檚 novel approach is powered by an integrated cellular immunotherapy platform comprising VivoVec in vivo delivery, RACR/CAR synthetic receptor payload and TumorTag targeting technologies. Designed from the ground up to work together, these platforms create and harness a powerful immune response in the body to directly, safely and controllably attack cancer. 密桃视频 believes that its approach can provide broader access to the most advanced immunotherapies and enable more patients to live better, fuller lives. To learn more visit .
About MPM Capital
MPM Capital is a healthcare investment firm with over two decades of experience founding and investing in life-sciences companies that seek to translate scientific innovations into cures for major diseases. With its experienced and dedicated team of investment professionals, entrepreneurs, and advisors, MPM strives to power novel medical breakthroughs that transform patients’ lives. For more information, visit: https://www.mpmcapital.com/.
About Qiming Venture Partners USA
Qiming Venture Partners was founded in 2006 and has over $5.5 billion in total assets under management. In January 2017, Qiming launched its first US-based fund, focused on early-stage healthcare opportunities in the United States and Europe. Qiming Venture Partners USA invests in highly disruptive platforms and products addressing significant unmet medical needs, driven by passionate and committed teams with the depth and experience to succeed. For more information visit .
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