Sun Pharma gives sustenance to Krystal Biotech

Aug 14, 2017 • Robert Lavine

Gene therapy developer Krystal has received $7m in funding from Sun Pharmaceutical Industries, in a deal that values the startup at roughly $44m.

Pharmaceutical company Sun Pharmaceutical Industries is set to pay $7m for a 15.9% stake in US-based rare and orphan disease therapy startup Krystal Biotech, VCCircle has reported citing a stock market filing.

Founded in March 2017, Krystal is developing gene therapies for rare and orphan diseases. India-based Sun Pharma has not revealed further details concerning its investment or whether the funding was provided in connection with any kind of strategic partnership.

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