The company also recently appointed biopharma and technology industry veterans Robert (Bob) Deans, Ph.D., as Chief Scientific Officer, and John Tan, M.B.A., as Chief Operating Officer. AAF Management Ltd. and RA Capital Management are the most recent investors. 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." Synthego is a privately held, genome engineering innovation company headquartered in Redwood, California and was founded in 2012 by Alex Pesch, Michael Dabrowski, Paul Dabrowski. There are no pros to Synthego. As you probably noticed, the energy prices are increasing, and that in turn increases the transportation, and in turn almost everything else's prices. The malignant cells permeated his bones, kidney, lungs and liver, and in December, his oncologist told him there was no point in continuing chemotherapy treatment. All rights reserved. $9.1 Million What is Synthego's Revenue? 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. This page provides investment and traction data on Synthego, a Provider of genome engineering solutions using CRISPR-Cas9. Part of Progressive Trade Media Ltd. Alchemab, MDC receive grant to develop Huntingtons disease therapy, US FDA approves Avacta Groups IND application for AVA6000, AM-Pharma enrols first patients in Covid-19 phase III trial, FDA accepts Valnevas chikungunya vaccine BLA for priority review, US FDA accepts BLA for Pfizers meningococcal vaccine candidate, STADA to acquire Sanofis consumer healthcare brands, Danaher to acquire Aldevron from EQT for $9.6bn, PCI Pharma announces bottling line expansion at Rockford site, Gilgamesh raises funds to advance treatments for mental health. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. The company leverages machine learning, automation and gene editing to build platforms for science at scale. San Francisco, CA 94111 Bioscience & Technology Business CenterThe University of KansasLawrence, Kansas. Im kind of not surprised because they have been very aggressive in hiring, paying high rates and a large marketing budget for their size. Gannex Pharma, the NASH-focused subsidiary of Chinas Ascletis, has withdrawn a US-based Phase II trial originally slated to begin in December 2023. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Already registered? This interview has been edited for length and clarity. Sanabil is a commercial investment company with a multi-billion paid-up capital that seeks to deliver superior risk-adjusted returns over the long term. Digital therapeutics: The key to maximizing the potential of medicinal assets, Decades after breakthrough, scientists still puzzling over mRNA delivery, Scoop: Ascletis' NASH subsidiary scraps US PhII trial in favor of China, A gene editing 3.0 player goes deep on cash, frontier science to put precision epigenetics to the big test, A radioactive prostate cancer therapy is a last lifeline for patients. . No specific reason given. Suite #2580 But details around new facilities remain sparse, and theyve yet to announce specific customers. Synthego modified sgRNAs are the best choice for CRISPR editing of both routine cell lines and difficult sample types like primary cells and stem cells. This new round brings Synthego's total private funding to more than $250 million. 309 followers . I've seen many posts on Linkedin but don't feel like asking those people directly. Edit Lists Featuring This Company Section, Redwood City biotech company Synthego to cut 20% of staff, Calibr, Synthego, BlueSphere and More Showcase Data at CAR-TCR Summit, Industrial Automation Companies With Fewer Than 1000 Employees (Top 10K), California Late Stage Companies With Less Than $10M in Revenue, Silicon Valley Companies With More Than 50 Employees. Enter your email address so we can get in touch. 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. Synthego is headquartered in Redwood City, CA. Synthego is a genome engineering company that enables the acceleration of life science research and development in the pursuit of improved human health. The company said it would use the funds for the creation of a cell and gene therapy discovery and development ecosystem to help researchers fast track the translation of new discoveries into therapeutics for serious diseases. See CRISPRevolution Products Bioinformatics Tools Design top-scoring guide RNAs for gene knockout and perform rapid accurate analysis of Sanger sequences. It will also invest in the development of CRISPR technology, a gene-editing tool that allows scientists to rewrite the genetic code in almost any organism, Synthego said. Lausanne, Switzerland-based Debiopharm has bought from Novo global rights to FT-3171, a small molecule USP1 inhibitor program previously developed by Forma, it announced in a press release. Looking forward to connecting with the Women in Discovey round table this afternoon. While the company did not divulge the specifics on the cost of the facility when the company netted their $200 million Series E in February some of those funds were dedicated to manufacturing, but no specifics were presented. The malignant cells permeated his bones, kidney, lungs and liver, and in December, his oncologist told him there was no point in continuing chemotherapy treatment. Synthego, based in Menlo Park, California, offers a variety of genome editing products, including synthetic guide RNAs, screening libraries, and even engineered cells and cell lines. Taiwan 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 Log in. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Synthego will use the proceeds from the financing to expand the capabilities of its proprietary platforms. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. If you're already an Endpoints subscriber, enter your email below for a vertically integrates proprietary hardware, software, bioinformatics, chemistries, and molecular biology to advance both basic research and therapeutic development programs. On tight business models, significant increase can become unsustainable, and then upholding hundreds of employees cannot be extended any further. But there was a new treatment he could try: a targeted radiotherapy called Pluvicto if he could get it in time. Close. Synthego is a genome engineering company that enables access to CRISPR to accelerate life science research and development. Synthetic. Developer of a precision genome engineering platform designed to accelerate and optimize the drug discovery research jou, it in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 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 After extensive research and analysis, Zippia's data science team found the following key financial metrics. San Francisco, CA 94111 Save my name, email, and website in this browser for the next time I comment. No financials were provided. Synthego Corporation v. Agilent Technologies, Inc. RSS Track this Docket Docket Report This docket was last retrieved on July 12, 2022. My team lost a couple of good people. No financials were provided. Beijing 100027 All quotes delayed a minimum of 15 minutes. signals IPO . Does anyone know how many people were laid off at Synthego? We use our proprietary technologies to enhance persistence by preventing rejection or rapid exhaustion of donor-derived cell therapies. Synthego is a private company and not publicly traded. I believe they only had around 500 employees (glass door gives a range of 200-500). Revenue: $5 to $25 million (USD) Competitors: Unknown. We think we can basically be ready for that anytime. 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. From a publicity standpoint, from a people and teams standpoint, a financial capital needs standpoint, now weve decided to stay private. I will be sharing my thoughts on the importance of developing a supportive With Synthegos full stack of proprietary platforms, clinical-grade manufacturing capabilities, and strong relationships in industry, academia and the investor community, we are well positioned to help our customers usher in this new era of genetic and cellular medicines, ultimately ensuring these therapies are accessible to all patients.. Credit: National Cancer Institute on Unsplash. Sec.2 Taipei TEL: 020-34438810 18027152056 Email: info@magigen.com. "Caribou is a leader in the CRISPR field, successfully leveraging its proprietary genome-editing technology . Synthego was founded in 2012 by Alex Pesch, Michael Dabrowski, and Paul Dabrowski. MacMillan Photography for Endpoints News), Hemolytic Anemia Sales Specialist, Rare Genetic Diseases. For example, microchip shortage in many industries that began in 2020. But their services, he said, could be useful even for companies with extensive CRISPR expertise. In some cases, he said, Synthego will be hand-holding companies through FDA discussions on clinical standards. Select applications of gene editing include pathway analysis, stem cells, and diagnostics. But where are its customers? Synthego claims that its CRISPR genome engineering technology enables scientists to easily and precisely edit the DNA of any genome. The biotech boom in the early days of the pandemic helped fuel the rise of Taysha Gene Therapies and Jaguar Gene Therapy, but the winter freeze that followed has also caused a hunkering down for the biotechs, chaired by ex-AveXis CEO Sean Nolan. , automation and gene editing to build platforms for science at scale founded in 2012 by Alex Pesch Michael! Include pathway analysis, stem cells, and website in this field, a capital. 94111 Bioscience & technology Business CenterThe University of KansasLawrence, Kansas basically be ready for that anytime 2012... In many industries that began in 2020 12, 2022 Inc. 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