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ViaCyte gets $10.6mm via Series C-1 financing; adds $5.4mm

Executive Summary

Regenerative medicine company ViaCyte Inc. has raised $10.6mm by selling Series C-1 preferred shares to returning investors Johnson & Johnson Development Corp., Sanderling Ventures, and Asset Management Co. The company also issued warrants. ViaCyte will use the proceeds from the financing to initiate clinical trials--anticipated for the first half of 2014--of its VC01 encapsulated cell therapy candidate for Type I diabetes. ViaCyte was already awarded $10.1mm from CIRM to study VC01.
Deal Industry
  • Biotechnology
    • Gene Therapy, Cell Therapy
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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