Indapta Therapeutics Names Mark W. Frohlich, M.D., Chief Executive Officer And Raises Over $50 Million In Series A Financing And Commitments To Advance Development Of G-Nk Cell Therapy To Treat Multiple Types Of Cancer
Indapta Therapeutics Names Mark W. Frohlich, M.D., Chief Executive Officer And Raises Over $50 Million In Series A Financing And Commitments To Advance Development Of G-Nk Cell Therapy To Treat Multiple Types Of Cancer
02/10/22, 12:30 PM
Location
Money raised
$50 million
Round Type
series a
Indapta Therapeutics, Inc., a privately held biotechnology company developing an NK (natural killer) cell therapy platform for the treatment of blood and solid tumor cancers, today announced it has appointed Mark W. Frohlich, M.D., chief executive officer and raised over $50 million in Series A financing and commitments co-led by RA Capital Management, LP, Vertex Ventures HC and Leaps by Bayer, the impact investment arm of Bayer AG. The Myeloma Investment Fund, the venture philanthropy subsidiary of the Multiple Myeloma Research Foundation, and Lonza also participated in the round. In connection with the financing, Laura Stoppel, Ph.D., principal at RA Capital Management, LP, Lori Hu, managing director at Vertex Ventures HC, and Fabio Pucci, Ph.D., senior director of venture investments health at Leaps by Bayer, joined Indapta’s board of directors.
Company Info
Location
san francisco, california, united states
Additional Info
Indapta Therapeutics, Inc. is a biotechnology company focused on developing and commercializing a proprietary allogeneic cell therapy to treat multiple types of hematologic cancers and solid tumors. The company has developed allogeneic FcεRIγ-deficient natural killer cells, known as G-NK cells, and is working to bring this off-the-shelf cell therapy to patients to address the limitations of currently available autologous T-cell therapies. Indapta was founded in 2017 based on a discovery by Sungjin Kim, Ph.D., at UC Davis. Indapta’s scientific founders are Dr. Kim and John Sunwoo, M.D., at Stanford University. For more information, please visit www.indapta.com.