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Repare Raises $68M in Series A to Develop CRISPR-Based Synthetic Lethality Platform

04:26 EDT 22 Jun 2017 | Genetic Engineering News

Versant Venture and MPM Capital co-led a $68 million Series A fundraising round to establish Repare Therapeutics, a Canada-based cancer drug company exploiting a high-throughput, CRISPR-based screening platform to identify synthetic lethality cancer targets and develop precision anticancer therapies. For the last 18 months Repare has been working in stealth mode under Versant incubation to develop its synthetic lethality platform and identify initial oncology targets. The firm says a number of programs have now been moved into preclinical development, and clinical trials with an initial candidate could start in 2019. Additional investors in Repare’s Series A fundraising included Fonds de solidarité FTQ, Celgene Switzerland, and BDC Capital’s Healthcare Venture Fund. “Versant’s commitment to and confidence in Repare’s distinct science has enabled the company to build the team, operations and initial programs away from the spotlight,” said Repare CEO Lloyd M. Segal. “With the added leadership of MPM ...

Original Article: Repare Raises $68M in Series A to Develop CRISPR-Based Synthetic Lethality Platform

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