Virus

ElevateBio Gets $150M to Grow a Crop of Gene & Cell Therapy Startups

1 month ago   |   By Xconomy

When a biotech startup is ready to test an experimental therapy it faces a pricey choice: Should it make its drug in-house, or hire a contract manufacturer? The decision is particularly expensive for companies developing complex gene and cell therapies, which need to make large batches of engineered viruses to test their work. A new Cambridge, MA, company called ElevateBio aims to offer an alternative path. ElevateBio is building a facility that is intended to manufacture experimental gene and cell therapies for multiple startups, and aims to invest in those companies and help them grow...
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