With $200M in new cash, Synthego wants to become the manufacturing bedrock for CRISPR. Get the full list, Morningstar Institutional Equity Research, Devices and methods for transfection and for generation of clonal populations of cells, Co-Founder, Chief Executive Officer & Board Member. Biotechnology firm Synthego said on Thursday it had raised $200 million in a late-stage funding round led by hedge fund Perceptive Advisors, with participation from SoftBank Vision Fund 2. Over the last year, it broke ground on expansions in the UK, Denmark and Texas, and continued to hire new staffers at its location in Holly Springs, NC. 20% of it's workforce with no notice due to poor performance of the company. Over the last year, it broke ground on expansions in the UK, Denmark and Texas, and continued to hire new staffers at its location in Holly Springs, NC. The company leverages machine learning . But details around new facilities remain sparse, and theyve yet to announce specific customers. 8.01 - Other Events (The registrant can use this Item to report events that are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.) People in the News: New Appointments at Quantum-Si, Element Biosciences, Synthego, NeoGenomics, More, Synthego raises $100 million for AI-driven gene editing, In Brief This Week: PerkinElmer, Synthego, Rare Genomics Institute, and More. Synthetic. There are no pros to Synthego. "Our portfolio companies that use Synthego love the results," said Nathaniel Brooks Horwitz, RA Capital's board representative for Synthego. "At this inflection point in the company's growth, we are also excited to welcome Bob and John to our leadership team. Market Capitalization . Win whats next. Synthego has raised $415.07MM with the following series: Any securities offered are offered by Forge Securities LLC, a registered Broker Dealer and member FINRA / SIPC. Assumptions are for financial reasons. This interview has been edited for length and clarity. CRISPR is becoming more and more readily accepted as a therapeutic modality, CEO Paul Dabrowski said in an interview. According to the complaint, Agilent Associate VP Thomas Redder sent Synthego a letter in June offering to license patents covering guide RNAs. Synthego peak revenue was $9.1M in 2021. United States of America, 806 Tower A Redwood City, California, United States 251-500 Series E Private www.synthego.com 3,746 Highlights Total Funding Amount $459.7M Contacts 217 Employee Profiles 8 Investors 25 Similar Companies 4 Find More Contacts for Synthego Fujifilm Diosynth had a busy 2022, investing more than $1 billion into its manufacturing sites while expanding its global footprint. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Synthego is a genome engineering company enabling the acceleration of life science research and development in the pursuit of improved human health. Funding History The company also plans to expand its capabilities and capacity of Eclipse and Halo platforms for the research and discovery applications. We use our proprietary technologies to enhance persistence by preventing rejection or rapid exhaustion of donor-derived cell therapies. Synthego is setting out to accelerate CRISPR research, a genome engineering technique that could help cure genetic diseases or even bring back woolly mammoths from extinction. Still, curious as to how widespread this was. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. REDWOOD CITY, Calif., Aug. 26, 2020 /PRNewswire/ --Synthego, the genome engineering company, today announced that it raised $100 million in a Series D financing led by new investor Wellington Management, co-led by RA Capital Management and 8VC. Fax: (86-10) 6539-1367, 10F-2 Ruentex Banking Tower If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Pacific Century Place Use Our Free Bioinformatics Tools Guided Edit Not Sure Where to Start? As chief business officer and strategy chief for the Broad over a decade-long stretch, hed worked with all the big names in a scientific discipline that promises to upend the therapeutics field eventually. The company is a contract manufacturer of biologics, including monoclonal antibodies, vaccines and gene therapies, among others. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. With its foundations in engineering disciplines, the company's full-stack platform vertically integrates proprietary hardware, software, bioinformatics, chemistry and molecular biology to advance both basic research and therapeutic development. Synthego is the genome engineering innovation company. The action triggered by UK government not signing a new contract for testing services. But their services, he said, could be useful even for companies with extensive CRISPR expertise. So far, I haven't seen any numbers reported on FierceBiotech's layoff tracker. 9.01 - Financial Statements and Exhibits. When asked about a potential IPO, CEO Dabrowski said that while "We think we can basically be ready for that anytime From a publicity standpoint, from a people and teams standpoint, a financial capital needs standpoint, now weve decided to stay private." TEL: 020-34438810 18027152056 Email: info@magigen.com. Their latest funding was raised on Feb 17, 2022 from a Series E round. RA Capital is thrilled to co-lead this Series D and accelerate Synthego's exponential growth.". WI Harper Group | February 17, 2022 | Source: Synthego. Novartis can't make enough of it, Cell therapy biotech from Stanford CAR-T leader Crystal Mackall nabs $200M for PhII, Novo Nordisk touts expansion in Boston, cuts about 100 jobs in two other US cities, Novo Nordisk offloads preclinical cancer candidate from $1.1B Forma buyout, Q&A: Fujifilm Diosynth CEO Martin Meeson says company is in 'growth mode'. 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His research on drug delivery, which led him to co-found Moderna in 2010, went on to prove critical in developing the companys Covid-19 vaccine. Our Standards: The Thomson Reuters Trust Principles. Even though Forma ultimately convinced Novo to buy the whole company complete with a slate of oncology programs for $1.1 billion, Novo isnt keeping all of them around. Jun 2021 - Jan 20228 months. A more recent docket listing may be available from PACER . This new round brings Synthego's total raised to more than $250 million, following a $110 million series C in October 2018. Led by Perceptive Advisors, the financing round has seen participation from existing investors RA Capital Management, Wellington Management, and Moore Strategic Ventures. Synthego services most prominently designing guide RNAs, the GPS coordinates that guide CRISPR where to cut, for government and academic labs have been used widely. Synthego announced $100 million in Series D funding led by Wellington Management, RA Capital Management and 8VC. Short term foresight is valued more than long term stability. Synthego's products cost from $2,500 to $15,000, depending largely on the complexity of a research experiment and how many genes must be knocked in or out. Synthego is up to 400 staffers, Dabrowski said, and hired a new CFO in Avi Raval, former managing director of the investment banking firm Perella Weinberg Partners. Personalize which data points you want to see and create visualizations instantly. The company is a major developer of the tools which are used in CRISPR therapies, citing more than 1,000 peer-reviewed studies that have used its technology in at least one step. Ligandal ( @ligandal ), a San Francisco-based company, has developed new technology which streamlines the in vivo delivery mechanisms for CRISPR, RNA, and other genetic tools. {profile.ipo_history.initial_share}} Ticker symbol {{profile.company.ticker_symbol}} Exchange listed {{profile.ipo_history.exchange}} Prospectus URL Prospectus . Synthego is setting out to accelerate CRISPR research, a genome engineering technique that could help cure genetic diseases or even bring back woolly mammoths from extinction. The update came just weeks after the drug involved, an oral small molecule candidate and THR agonist named ASC41, became the subject of a lawsuit in which Viking Therapeutics accused Ascletis of stealing trade secrets. Synthego may have been in position for an IPO in a different market. The new money and direction also brings new employees. 2023 PitchBook. And although they list partnerships with various government and trade groups, theyve yet to announce any significant partnerships with industry. I was wondering the same thing. Synthego is a genome engineering company that enables access to CRISPR to accelerate life science research and development. Log in. They then took in a $41 million funding round at the beginning of this month with the intention of scaling. All rights reserved. That would have brought an S-1, revealing key details of their business. CEO Martin Meeson sat down with Endpoints News to discuss challenges, competition and construction in the new year. When Novo Nordisk first approached Forma Therapeutics about a deal, the Danish drugmaker made clear that it was really only interested in Formas sickle cell drug etavopivat. If you're already an Endpoints subscriber, enter your email below for a Already registered? 76 Tun Hua South Road By providing both commercial and academic researchers and therapeutic developers with unprecedented access to cutting-edge genome engineering products and services, Synthego is at the forefront of innovation in engineered biology. Synthego is a provider of genome engineering solutions. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. Integrating digital therapeutics early in the asset development process will allow for gathering of clinical data to drive a clearer value proposition that maximizes the potential of both products Other investors in the Series E round included venture capital firms Moore Strategic Ventures, Declaration Partners, Laurion Capital Management, Logos Capital, GigaFund and Chimera Investments. The company's second $100 million-plus round since 2018, the new. As a colleague mentioned in the nearby post, big industry players conduct their layoffs and that create a ripple effect in various industries. In a biotech sector, the gamble can be serious. Additional investors that participated included Founders Fund, Menlo Ventures, and Intel Capital. The company's offering includes automated bioinformatics design pipelines and optimization of . Synthego has been growing rapidly over the past few years as the company netted a $100 million D round in 2020 to build out its platform of CRISPR assays, screens and engineered cell lines. Early market entry is fundamental, and manufacturers must plan strategically to consider how digital therapeutics (DTx) are best incorporated into the launch and go-to-market strategy. synthego.comHealthcareFounded: 2012Funding to Date: $415.07MM. People's Republic of China The stock price for Synthego will be known as it becomes public. Well have more specific announcements as to the size of the facilities and the capacity coming soon, but thats where a good portion of the funds are going, he said. Gene-editing companies to invest in. Chief Financial Officer & Chief Business Officer. Contact Information Website www.synthego.com Ownership Status Privately Held (backing) Financing Status Venture Capital-Backed Primary Industry Biotechnology Other Industries Discovery Tools (Healthcare) Primary Office 3696 Haven Avenue Suite A Redwood City, CA 94063 United States +1 (844) 000-0000 Synthego Timeline 2020 2021 2022 2023 "During this pandemic, when speed and accuracy are more critical than ever, having access to Synthego's genome engineering platforms has been invaluable for the investigation of the role of human proteins that interact with SARS-CoV-2," said Nevan J. Krogan, Ph.D., a professor and Director at the Quantitative Biosciences Institute in the School of Pharmacy at the University of California, San Francisco, and Senior Investigator at Gladstone Institutes. Still, he faced a string of rejected grants and skepticism. On the manufacturing side, Dabrowski said Synthego has upgraded key services to meet FDA standards for human trials, and can now help companies with the reagents and key components of a CRISPR therapy. Novartis can't make enough of it, Novo Nordisk touts expansion in Boston, cuts about 100 jobs in two other US cities, Novo Nordisk offloads preclinical cancer candidate from $1.1B Forma buyout, Q&A: Fujifilm Diosynth CEO Martin Meeson says company is in 'growth mode', Ex-AveXis crew trims staff at Chicago-area Jaguar Gene Therapy. Since the public launch in August 2016, Synthego is already shipping the CRISPRevolution product line . Buy or sell Synthego stock Learn more about Synthego IPO Register for Details Synthego intends to use the funds to speed up the cell and gene therapy discovery and development ecosystem to simplify the new discoveries translation into new therapies for serious diseases. Integrating digital therapeutics early in the asset development process will allow for gathering of clinical data to drive a clearer value proposition that maximizes the potential of both products Synthego is a genome engineering company enabling the acceleration of life science research and development in the pursuit of improved human health. Looking forward to connecting with the Women in Discovey round table this afternoon. Additionally, obviously, you see the markets right now are not in good form., Digital therapeutics support increased access to safe and effective therapies, providing an untapped opportunity for biopharmaceutical companies to maximize the value of medicinal assets and drive differentiation These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The technique's real world applications include the curing of genetic diseases and creating drought-resistant crops. Edit Not Sure Where to Start available from PACER Bob and John to leadership. Synthego 's exponential growth. `` the nearby post, big industry players conduct their and. Crispr is becoming more and more readily accepted as a therapeutic modality, Paul... February 17, 2022 | Source: Synthego with the intention of scaling 020-34438810 18027152056 Email info... Second $ 100 million-plus round since 2018, the new down with Endpoints News to discuss challenges, and! 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