Syncona – a company focused on founding, building and funding global leaders in life science – has announced the sale of its portfolio company, Gyroscope Therapeutics Holdings plc.
Novartis is expanding its position in gene therapy and retinal diseases with the $1.5 billion acquisition of UK-based ocular gene therapy company Gyroscope Therapeutics.
(Reuters) - Swiss drugmaker Novartis AG is buying Gyroscope Therapeutics for up to $1.5 billion, looking to bolster its gene therapy roster with the British firm’s treatment for geographic atrophy, a leading cause of blindness.
London, UK-based gene therapy company Gyroscope Therapeutics has announced investment from Sanofi totalling up to $60m, with $40m to be invested initially.
French drugmaker Sanofi has made a $40 million investment in Gyroscope Therapeutics, with another $20 million potentially on offer as the UK biotech advances its clinical-stage gene therapies for ophthalmic diseases.
Sanofi will invest up to $60 million in Gyroscope Therapeutics, a five-year-old U.K.-based gene therapy startup that is advancing a treatment to prevent a common form of blindness. The funding comes just five weeks after the company reported positive early safety and biological data from the gene therapy, called GT005.
Boston AI-focused biotech DeepCure closed a $40 million Series A, according to a company announcement this morning — adding more than five times the amount of money the company had before: from $7 million raised since the company’s founding in 2018 to $47 million total.
LONDON – 30 September 2021 – Gyroscope Therapeutics Holdings plc (“Gyroscope”), a clinical-stage gene therapy company focused on diseases of the eye, announced positive interim data from the ongoing open-label Phase I/II FOCUS clinical trial of its investigational one-time gene therapy, GT005, in people with geographic atrophy (GA) secondary to age-related macular degeneration (AMD) were presented today in an oral session at the Retina Society’s 54th Annual Scientific Meeting.
Gyros Protein Technologies (part of Mesa Labs’ Biopharmaceutical Development Division), a pioneer in automated nanoliter-scale immunoassays and a leading provider of peptide synthesizers and reagents, today announced the next phase of its on-going collaboration with Cygnus Technologies, a Maravai LifeSciences company, and the introduction of a new HEK 293 HCP immunoassay solution. The Cygnus HEK 293 HCP Assay Reagent Set for Gyrolab® is the first of a planned range of ready-to-use bioprocess impurity reagent sets optimized for use with the Gyrolab platform to be developed by Cygnus as part of the expanded collaboration.
Gyroscope Therapeutics (NASDAQ:VISN) has withdrawn plans for an initial public offering after originally filing for one earlier this year, according to a filing.