A fter years of rumors, Sana Biotechnology is officially biotech’s newest unicorn. exclude terms. “We believe that one of, if not the most, important thing happening in medicine over the next several decades is the ability to modulate genes, use cells as medicines, and engineer cells,” said Harr, president and CEO of Sana. Oscine Corporation is a biotechnology company based on discoveries made and developed at the University of Rochester Medical Center (URMC). ... Jun 23, 2020 … “We have resourced the company and brought in technology and brought in people to go head-on to the things that will allow us to unleash the potential of engineered cells.”. I am proud of our progress to date in turning our technologies into potential therapies for serious diseases such as cancer, central nervous system diseases, heart disease and various genetic disorders.” As CTO, Rebar will lead Sana’s efforts in genome editing, gene regulation, cell engineering, analytical genomics and computational biology, while Fry will oversee the company’s T cell programs, including platforms focused on allogeneic, or off-the-shelf, CAR-T cells and making CAR-T cells within the body, rather than outside the body as with current methods. Finally, lots of capital means Sana has the time to focus on difficult challenges—"not the low-hanging fruit, but hard problems,” Harr said—and it can attract the best in the business to take on those problems, like chief technology officer, Ed Rebar, Ph.D., who joined from Sangamo Therapeutics, and T cell therapeutics head Terry Fry, M.D., who helped develop CAR-T treatments at the NIH. SEATTLE, Oct. 30, 2020 /PRNewswire/ -- Sana Biotechnology, Inc. (Sana), focused on creating and delivering engineered cells as medicines, announced today the acquisition of Oscine Corp., a company developing potentially curative or disease modifying cell therapies for diseases of the brain and central nervous system (CNS). Jun 23, 2020 Sana Biotechnology Announces Completion Of Initial Financing Mar 21, 2019 Stacey Ma, Ph.D. Startups, BioPharma. That isn’t as crazy as it sounds. SEATTLE, Oct. 30, 2020 /PRNewswire/ -- Sana Biotechnology, Inc. (Sana), focused on creating and delivering engineered cells as medicines, announced today the … Multiple reasons, but at the heart of it is an ambitious vision that requires it to attack several challenges in cell- and gene-based therapies at once, including manufacturing, controllable treatments, immunology and gene delivery. All rights reserved. “I hope one of the things that will differentiate us over time is our resilience and persistence in being able to go after the most important challenges.”. RELATED: Giving highly funded but secretive Moderna a run for its money, Juno-lite Sana raises $700M. Those following the fortunes of the Seattle-based Sana Biotechnology cellular engineering startup had predicted a success path similar to another company two of its founders hailed from. The Registered Agent on file for this company is Corporation Service Company Dba Csc - Lawyers Incorporating Service Company and is located at 211 E. 7th Street, Suite 620, Austin, TX 78701-3218. Sana, headquartered in Seattle, focuses on cell therapy, gene therapy, and … Here are 5 crucial takeaways from Sana’s 271-page filing. What makes Sana fierce: After Celgene bought CAR-T player Juno Therapeutics, its former chief financial officer, Steve Harr, sat down with a few colleagues and thought through how to build a company to go after the “most meaningful challenges” in cell and gene therapy. Reprints. Tackling various challenges in cell and gene therapy—at the same time. Use a + to require a term in results and - to Sana Biotechnology Announces Completion Of Initial Financing - June 23, 2020 Published: Jun 23, 2020 SEATTLE, June 23, 2020 /PRNewswire/ -- Sana Biotechnology, Inc. (Sana), focused on engineering cells as medicines for patients, announced today the funding of all tranches of its initial financing, raising over $700 million. Sana Biotechnology is focused on utilizing engineered cells as medicines for patients. And that’s not all—biotech companies that need to raise money frequently may fall into the trap of running experiments to justify raising more capital, Harr said, adding: “We want to run more experiments to get to the truth right away and have the balance sheet, technology and people to grapple with what the truth is.”. The scoop: Sana Biotechnology turned heads in June when it raised $700 million in a single venture round. Sana Biotechnology has raised a total of $700M in funding over 2 rounds. In a June 2020 statement, chief executive officer Steve Harr said, “Sana is dedicated to modulating genes in cells as well as replacing damaged cells in the body. ... Sana Biotechnology is working on a string of drug candidates utilising stem cell technology and has raised a huge $700m for its first funding round. Giving highly funded but secretive Moderna a run for its money, Juno-lite Sana raises $700M. Beyond those areas, Sana will work on stem cell biology to make new cells to replace missing or damaged tissues, genetic modifications to hide allogeneic cells from the immune system, and new ways to deliver all of these treatments. To learn more about how we use cookies, please see our Privacy Policy. It’s grown to about 250 people, all the while investing in biology, technology and manufacturing. Sana Biotechnology General Information Description. This year, Sana Biotechnology is … Adobe. Sana Biotechnology, Inc. is a Texas Foreign For-Profit Corporation filed on November 10, 2020. Sana Biotechnology is funded by 12 investors. 3 Speen Street, Suite 300, Framingham, MA 01701. Not too shabby for a company that had just been founded one year before. Their latest funding was raised on Jun 23, 2020 from a Series A round. It’s a big dream, and big dreams require deep pockets. Sana Biotechnology files to go public, looks to cure disease by modifying genes in the body Tech in 2020 and beyond: What we’ve learned at the … Sana Biotechnology Announces Completion Of Initial Financing SEATTLE, June 23, 2020 /PRNewswire/ -- Sana Biotechnology, Inc. (Sana), focused on … SEATTLE — Sana Biotechnology, Inc. (Sana), focused on creating and delivering engineered cells as medicines, announced today the acquisition of Oscine Corp., a company developing potentially curative or disease modifying cell therapies for diseases of the brain and central nervous system (CNS). Sana Biotechnology raised $700 million in initial financing in June 2020 through venture capital. Sep 28, 2020 3:00am (Matthew Poor/Questex Media) Sana Biotechnology. Developer of engineered cells intended to be used as medicine for patients. Since its birth, Sana has been hard at work “building expertise and experts” to push its work forward. “These three things are aspirations and we recognize we will get to none of these alone.”. Press Release. Sana Biotechnology raises more than $700M for cell, gene therapy efforts The co-founders of the company include Hans Bishop, who founded Juno Therapeutics - … Skepticism is a healthy doubt when faced with a lack of credible evidence, or lack thereof. Whether it’s going to work in humans, we’ve got to figure that out but we’re excited about the ability to do that,” Harr said. Sana Biotechnology Strengthens Senior Research Leadership Team with Ed Rebar, Ph.D. and Terry Fry, M.D. Sana Biotechnology Announces Appointments to its Board of Directors, Sana Biotechnology Builds Key Regulatory Capabilities as Ke Liu, M.D., Ph.D., Joins Senior Leadership Team, Sana Biotechnology Announces Acquisition of Oscine. The secretive Seattle-based biotech has raised $705.5 million since it was founded in July 2018. Bezos Expeditions and Canada Pension Plan Investment Board are the most recent investors. By Megan Campbell – Staff Writer, Puget Sound Business Journal ... 2020 Washington's Most Equitable Workplaces Rebar and Fry joined a leadership team stacked with Juno alumni, including R&D chief, Sunil Agarwal, M.D., and head of clinical and translational science Paul Brunetta, M.D., both of whom held the same role at Juno. I have been watching Sana Biotechnology since mid-2020 when the news got out of its massive funding raise: $700 million dollars from traditional venture capital funds such as ARCH Venture Partners, Flagship Pioneering and F-Prime Capital. Seattle-based Sana Biotechnology is shooting to raise $150 million in its initial public offering, but soon after is expected to see its market value … Sana needs the IPO cash because of its high burn rate. Reproduction in whole or part is prohibited. ... June 23, 2020. Sana Biotechnology filed confidentially on November 10, 2020. Investors: Arch Venture Partners, Flagship Pioneering, Canada Pension Plan Investment Board, Baillie Gifford, F-Prime Capital, Alaska Permanent Fund, the Public Sector Pension Investment Board, Bezos Expeditions, GV, Omega Funds, Altitude Life Science Ventures. Sana aims to develop medicines that can repair any cell in the body, replace any cell in the body that is missing or damaged, and to expand access to cell- and gene-based medicines. Sana is eager to explore the potential of turning patients’ T cells into CAR-T cells inside their own body: “Imagine if we could take away the complexity of CAR-T cell manufacturing and instead make the CAR-T inside our body with a single injection? Enclose phrases in quotes. Tackling various challenges in cell and gene therapy—at the same time. Joins Sana Biotechnology as Executive Vice President, Technical Operations Jan 4, … Oscine's glial progenitor cell program and underlying technologies will be integrated with Sana's broader platform and programs. “If we crack that code, it will be a little like owning Intel—it has to go inside every computer,” Harr added. That’s something that we can do. Sana Biotechnology Announces Acquisition of Oscine. By continuing to use this website, you agree to the use of cookies. September 03, 2020 Read more. “What makes us fierce is the number of people experienced in cell and gene therapy for several decades and know what the most important challenges are,” Harr said. © 2021 Questex LLC. A biotechnology startup is poised to go public with a roughly $10 billion price tag a year before it begins human clinical trials for its drug candidates. President and CEO: Steve HarrFounded: 2018Based: SeattleClinical focus: Genome editing, gene regulation, cell engineering, analytical genomics and computational biology. It’s not taking the iterative approach biotech startups tend to take, where companies raise a bit of money at a time to see them through their next big milestone. The company's cells can create a new class of medicines to treat a broad array of diseases, enabling patients to have access to new and meaningful medicines. October 30, 2020 Read more. Last updated: Dec 26, 2020 ... Sana Biotechnology employees are showing high interest in Rack Servers, Workstations, and Touch Monitor, according to Bombora. Why the massive sum? Sana Biotechnology has big plans after securing $700M initial financing. Sana Biotechnology led the way with a monster $700 million Series A in June. Sana Biotechnology files to go public, looks to cure disease by modifying genes in the body by John Cook on January 13, 2021 at 8:24 am January 13, 2021 at … Is Sana Biotechnology a Scam? UNLOCK PREMIUM DATA WITH DATABOOST IT Spend by Aberdeen. A fter years of rumors, Sana Biotechnology is positioning itself to file for an initial public offering that could give it the largest-ever valuation for a preclinical company in biotech.. Sep 3, 2020 Sana Biotechnology Strengthens Senior Research Leadership Team with Ed Rebar, Ph.D. and Terry Fry, M.D. Morgan Stanley, Goldman Sachs, J.P. Morgan, and BofA Securities are the joint bookrunners on the … Another exciting prospect is the ability to hide treatments from the immune system. The company's filing status is listed as In Existence and its File Number is 0803828312. Sana Biotechnology has got some major backing after coming out with a huge $700 million initial funding round and the ex-financial and research team from Juno Therapeutics. © 2021 Sana Biotechnology. “We wanted the capital to be able to put together all the technologies necessary to make a great medicine,” Harr said. Sana Biotechnology Announces Completion of Initial Financing, Stacey Ma, Ph.D., Joins Sana Biotechnology as Executive Vice President, Technical Operations, We use cookies to improve your experience on our website. “We’re very encouraged by data we have across multiple species of animals that we can, through a series of changes to gene deletions and overexpressing some things, hide cells from the immune system in a predictable way.”. It hasn’t disclosed any specific diseases yet, but plans to focus on cancer, central nervous system diseases, heart disease and genetic disorders. June 12, 2020 3225 0. Smaller sums would force the company to focus on one piece of technology to solve one problem at time, rather than the multifaceted approach it’s aiming for. November 2, 2020 -- Sana Biotechnology, a developer of engineered cellular medicines, has acquired Oscine under terms that were not disclosed. It currently has $459 million in cash and cash equivalents, but it spent $153 million on research and development in the first nine months of 2020, an increase from $80 million in the same period of 2019. Subscribe to FierceBiotech to get industry news and updates delivered to your inbox. President and CEO: Steve Harr Sana Biotechnology has filed to go public. That company is Sana Biotechnology, which is developing technology to tackle those challenges—simultaneously. Sana Biotechnology's latest funding round in June 2020 was reported to be $700 m. 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