Thursday, June 17, 2021
New biotech kid on the block making news
June 17, 2021. Capsida Biotherapeutics, a Newbury Park-based startup that recently raised $140 million in Series A funding, is partnering with a high-profile biotech company to develop treatment for Lou Gehrig’s disease (amyotrophic lateral sclerosis) and Friedreich’s ataxia, another neurodegenerative disease.
CRISPR, a publicly traded company valued at around $9 billion, will lead the Friedreich’s ataxia program, and Capsida will lead the ALS program. Should their efforts be successful, the companies would equally share all research, development and commercialization costs and profits worldwide related to the collaboration product, according to the release.
