Bristol Myers Squibb was among the participants in cellular therapy developer Clade Therapeutics' series A round, with the proceeds to go to platform development.

US-based stem cell medicine developer Clade Therapeutics received $87m in series A funding yesterday from investors including pharmaceutical firm Bristol Myers Squibb.

Life science-focused investment firm Syncona led the round, which also featured non-profit organisation Emerson Collective and LifeSci Venture Partners, the venture capital arm of healthcare advisory boutique LifeSci Partners.

Founded in 2020, Clade is working on cell transplantation-based therapies using technology which masks human pluripotent stem cells and their adult derivatives. It will channel the funding into further…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.