Ori Biotech Lands $30M for Cell and Gene Therapy Manufacturing Platform – HIT Consultant

What You Should Know:

Biotech startup Ori Biotech raises $30M in Series Afunding to scale its cell and gene therapy (CGT) manufacturing platform.

Ori Biotech helps pharmaceutical and biotech companiesdevelop and manufacture cell and gene therapies. Its patented technology aimsto reduce the manufacturing cost of these life-saving treatments by up to 80%,allowing them to be more widely accessible for patients.

Ori Biotech Ltd (Ori),a leading innovator in cell and gene therapy (CGT) manufacturing, todayannounced the successful close of a $30 million Series A financing round,bringing the companys total funding to date to $41 million. The Series A roundwas led by the experienced life sciences investment team at Northpond Ventures, a leading globalscience, medical, and technology-driven venture fund, alongside Octopus Ventures, a leading Europeanventure fund. Northpond and Octopus invested alongside significant support fromOris existing institutional investors, Amadeus Capital Partners, Delin Ventures, and Kindred Capital.

The Future of Cell and Gene Therapy Manufacturing

Founded in 2015 by Dr. Farlan Veraitch and Professor Chris Mason, Ori Biotech is a London and New Jersey-based cell and gene therapy (CGT) manufacturing technology company. Ori has developed a proprietary, flexible manufacturing platform that closes, automates, and standardizes manufacturing allowing therapeutics developers to further develop and bring their products from pre-clinical process development to commercial-scale manufacturing. The mission of the Ori platform is to fully automate CGT manufacturing to increase throughput, improve quality, and decrease costs in order to enable patient access to this new generation of life-saving treatments.

The new funding will be used to help bring Oris innovativemanufacturing platform to the market. The Ori platform delivers scalablesolutions to flexibly address the critical clinical and commercialmanufacturing needs of CGT developers.

Closing a significant Series A round, during these uncertain times, further validates Oris disruptive approach to fully automating cell and gene therapy manufacturing to increase throughput, improve quality, and decrease costs, said Jason C. Foster, CEO of Ori Biotech. We are excited to work with our top tier investors and development partners to bring our platform to market as fast as possible to achieve our mission of enabling patient access to life-saving cell and gene therapies.

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Ori Biotech Lands $30M for Cell and Gene Therapy Manufacturing Platform - HIT Consultant