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Genenta Science S.r.l.. (9/13/17). "Press Release: Genenta Raised Other $8,4 Million (€7 Million) in the Second Round of Financing - Total Raised in Two Rounds, $20,4 Million (€17 Million) -". Milano.

Organisations Organisation Genenta Science S.r.l.
  Today Genenta Science S.p.A. (Nasdaq: GNTA)
  Group Genenta Science (Group)
  Organisation 2 Dana-Farber Cancer Institute
  Group Harvard University
Products Product gene therapy
  Product 2 venture capital
Index terms Index term Genenta Science–SEVERAL: investment, 201709 financing round Series B €7m
  Index term 2 Genenta Science–SEVERAL: investment, 201503 financing round Series A €10m
Persons Person Russo, Carlo (Genenta Science 201701– before Adverum Biotechnologies + GSK + Vaxinnate + Merck US)
  Person 2 Paracchi, Pierluigi (Genenta Science Srl 201709 CEO + Co-Founder)

Guido Guidi, M.D. joined the Board of Directors, prof. Kenneth C. Anderson, M.D. joined the Scientific Advisory Board, and a new office at Alexandria LaunchLabs®, NYC has been opened.

Genenta Science, a biotech company committed to the development and commercialization of a hematopoietic stem cell gene therapy for tumors treatment, today announced the closing of a $8 Million (€7 Million) Series B financing. The Round was led by Italian, British, and Swiss private investors, family offices, and business angels, Series A investors and Board Members. The offering was oversubscribed.

Genenta banked a Series A financing in March 2015. The total amount raised in two Rounds is equal to $20,4 Million (€17 Million).

Guido Guidi, M.D. was appointed as a Board Member. Dr. Guidi served as Head of Pharma Region Europe and previously as Head of Oncology Europe at Novartis where he developed and launched several blockbuster products: Cosentyx, Entresto, Lucentis, Gilenya, Xolair, Ultibro, Seebri, Galvus, Exforge, Zometa, Femara e Glivec. He was also a member of the Novartis Pharma Executive Committee (PEC) and Chairman of the Novartis European Executive Committee (EEC).

Prof. Kenneth C. Anderson is now part of the Scientific Advisory Board led by prof. Luigi Naldini, Genenta’s co-founder.

Prof. Anderson directs the Lebow Institute for Myeloma Therapeutics and Jerome Lipper Myeloma Center at Dana-Faber Cancer Institute. And he is the Kraft Family Professor of Medicine at Harvard Medical School and the President Elect of ASH - American Society of Hematology.

Genenta landed at Alexandria LaunchLabs®, the New York City’s premier startup platform located at the Alexandria Center® for Life Science, with the aim to explore the US market.

“People matter more than anything else in this business: Carlo Russo, M.D. joined Genenta as CMO last January and now Guido and prof. Anderson are part of the Company. We focused on great people to develop the Luigi Naldini’s science and our corporate culture.” said Pierluigi Paracchi, Chairman and Chief Executive Officer. “Advancing our transformative gene therapy for patients is incredibly motivating. And with this new Round, we’ve banked enough cash to open a second tumor indication in addition to multiple myeloma”.

About Genenta

Genenta develops a gene transfer strategy into autologous hematopoietic stem cells (HSCs) to target specific antitumor proteins to tumor-infiltrating monocytes/macrophages. An HIV-derived and genetically disabled viral vector - Lentivirus - delivers the gene into the HSCs. In September 2016, Genenta partnered with Amgen (Nasdaq: AMGN).

Co-founders: Pierluigi Paracchi, Ospedale San Raffaele (OSR), prof. Luigi Naldini (Director SR-TIGET San Raffaele Telethon Institute for Gene Therapy) and Bernhard Gentner (Hematologist and Physician Scientist at OSR and SRTIGET).

Pierluigi Paracchi, Chairman and CEO
+39 335.73.51.868

DiBit 1 - Via Olgettina, 58 - 20132 Milano (Italy)
LaunchLabs - Alexandria Center, 14th Floor - Suite 1465E - 430 East 29th Street - New York, NY 10016 (USA)

Record changed: 2021-12-21


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