Cellares

About:

Cellares is a life sciences technology company that develops the Cell Shuttle to automate cell therapy manufacturing.

Website: https://www.cellares.com

Top Investors: Bristol-Myers Squibb, 8VC, Eclipse Ventures, Koch Disruptive Technologies, EcoR1 Capital

Description:

Cellares develops the Cell Shuttle, to overcome the challenges associated with manufacturing so these life-saving therapies are affordable and widely available to patients who can benefit. The clinical impact of cell therapy in treating cancer has been proven, but this therapeutic approach has several limitations, especially in manufacturing, leaving extremely sick patients waiting for treatment and desperate for hope. Since cell therapy is currently produced for a single patient at a time, it is expensive to manufacture, requiring significant time and resources, and is difficult to scale. Preclinical and clinical scientists, as well as commercial cell therapy manufacturers also lack the options to fully automate their manufacturing process quickly, safely, cost-effectively, and at the scale they need. The Cell Shuttle is an automated and closed end-to-end manufacturing solution that is flexible and scalable, enabling customers to run exact processes specified for their cell therapy. Compared with the current manual manufacturing processes for cell therapy, the Cell Shuttle’s next-generation automated manufacturing solution has 10 times the scalability (meaning 10 times more patient doses can be produced simultaneously), enables a three-fold reduction in process failure rates, and will reduce the per-patient manufacturing cost by up to 70 percent for most processes.

Total Funding Amount:

$355M

Estimated Revenue Range:

$10M to $50M

Headquarters Location:

South San Francisco, California, United States

Founded Date:

2019-01-01

Founders:

Alex Pesch, Fabian Gerlinghaus, Omar Kurdi

Number of Employees:

101-250

Last Funding Date:

2023-08-23

IPO Status:

Private

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