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Semma Therapeutics Raises $114M In Series B Financing.

CAMBRIDGE, Mass., November 30, 2017 -- Semma Therapeutics announced t had raised $114 million in Series B financing.

The funds will be used to bring Semma's lead development program, encapsulated stem cell-derived islets, through clinical proof-of-concept in patients and to continue exploration of other regenerative medicine therapeutics.

The company's proprietary technologies enable the generation of billions of functional, insulin-producing beta cells which have the potential to control blood sugar in people living with diabetes.

Eight Roads Ventures and Cowen Healthcare Investments co-led the financing with significant investments from all existing investors including MPM Capital, F-Prime Capital Partners and ARCH Venture Partners, existing strategic partners Novartis, Medtronic and the JDRF T1D Fund, and new investors including ORI Healthcare Fund, Wu Capital, 6 Dimensions Capital and SinoPharm Capital.

Semma Therapeutics is a stem cell company based on the research conducted by Harvard University's Douglas Melton. He discovered a way to generate billions of functional, insulin-producing beta cells in the laboratory from stem cells.

Ongoing research at Semma Therapeutics is focused on combining these proprietary cells with a state-of-the-art device to provide a functional cure for patients with diabetes.

Contact: http://www.semma-tx.com

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Title Annotation:Finance & Funding
Publication:Stem Cell Business News
Date:Dec 11, 2017
Words:190
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