Orchard Therapeutics Announces Second Closing Of Strategic Financing, Resulting In $34 Million Of Additional Capital
Orchard Therapeutics Announces Second Closing Of Strategic Financing, Resulting In $34 Million Of Additional Capital
06/26/23, 11:13 AM
Location
londonIndustry
biotechnology
Orchard Therapeutics (Nasdaq: ORTX), a global gene therapy leader, today announced that it has completed the second closing of its previously announced securities purchase agreement, resulting in $34 million of new capital before placement agent and transaction fees.
Company Info
Location
245 hammersmith road
london, england, united kingdom
Additional Info
Orchard Therapeutics, a Kyowa Kirin company, is a global gene therapy leader focused on ending the devastation caused by genetic and other severe diseases by discovering, developing, and commercializing new treatments that tap into the curative potential of hematopoietic stem cell (HSC) gene therapy. In this approach, a patient’s own blood stem cells are genetically modified outside of the body and then reinserted, with the goal of correcting the underlying cause of disease with a single treatment.