Generation Bio Closes $100M Series B Round for Re-dosable Gene Therapy Candidate

March 2, 2018: By Joan McKenna

Generation Bio announced Feb. 27 that it closed a $100 million Series B financing to advance its GeneWave platform for re-dosable gene therapy.

The Cambridge, Massachusetts, company, founded in 2016, is focused on creating gene therapies that deliver durable, high levels of gene expression and can be re-dosed to titrate and sustain effect.

Generation Bio’s platform is based on a method of non-viral gene transfer, known as closed-ended DNA, or ceDNA.

GeneWave uses a lipid nanoparticle to deliver ceDNA to tissues.

The company said the round will be used to fund studies for its lead candidates in liver disease and to support the development of approaches to deliver ceDNA to other tissues, such as the eye, to treat genetic retinal disorders.

The financing was led by Fidelity Management & Research Company, with participation by Invus, Deerfield Management Company, Casdin Capital, Foresite Capital, and Leerink Partners’ Affiliates.

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2018 IOL Report: A Global Market Analysis for 2017 to 2023