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    Sunstone Credit secures $20 million in Series A funding round

    Sunstone Credit secures $20 million in Series A funding round

    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Sunstone Credit secures $20 million in Series A funding round

      Sunstone Credit secures $20 million in Series A funding round

      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Home topics Biotech

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

       98 total views,  2 views today

      Aspen, a prominent provider of iPSC platforms, blends genomics, artificial intelligence, and stem cell biology to research patient-specific restorative therapies.

      USTechTimes Editor by USTechTimes Editor
      December 30, 2022
      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank
      Share on FacebookShare on Twitter

      Private biotechnology startup Aspen Neuroscience, situated in San Diego, CA, has agreed to a $40 million credit arrangement with Silicon Valley Bank (SVB). Deal details weren’t made public.

      The biotechnology startup is creating autologous cell therapies, such as a Parkinson’s disease treatment using autologous neurons produced from iPSCs (PD).

      “This non-dilutive financing complements our Series B round from earlier in the year and provides significant financial flexibility on top of our already strong balance sheet,” said Kameel Farag, Chief Financial Officer of Aspen Neuroscience.

      The startup has recently announced the accomplishment of significant pre-clinical and organizational milestones, including raising $147.5 million in Series B financing to support the planned studies of its lead Parkinson’s disease product candidate, ANPD001: a novel iPSC-based autologous cell therapy.

      The launch of the trial-ready patient screening cohort study for ANPD001 was also recently announced by the business.

      Aspen Neuroscience is a development stage, a private biotechnology company

      Aspen Neuroscience, a private biotechnology company focused on personalized (autologous) cell therapies in the early stages, is developing induced-pluripotent stem cells (iPSCs).

      The cell therapy treatment will address diseases with a high unmet medical need, beginning with autologous neuron replacement for both sporadic and genetic Parkinson’s disease (PD) and progressing across the brain and affected organs.

      “Aspen Neuroscience is important pioneering advancements in the use of bioinformatics-based artificial intelligence to drive autologous cell therapy development,” said Michael White, Managing Director at Silicon Valley Bank.

      Aspen, a prominent provider of iPSC platforms, blends genomics, artificial intelligence, and stem cell biology to research patient-specific restorative therapies.

      The business has created a best-in-class platform with in-house bioinformatics, manufacturing, and QC to develop and describe pluripotent-derived cell therapeutics.

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      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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