AskBio Knocks Down Enough Hurdles To Raise $235m For Its Gene Therapy Platform

 
• By Mandy Jackson
  
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While some companies rushed into gene therapy and exited after a single setback, Asklepios BioPharmaceutical quietly advanced its programs, identifying challenges and overcoming them one at a time. Now, it's ready to advance multiple programs into the clinic.

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Asklepios BioPharmaceutical Inc. (AskBio) has benefitted from the academic attitude that an experiment that doesn't meet expectations isn't a failure – it's just a hurdle to get over. The company has now found a pair of like-minded investors willing to put $225m alongside $10m from AskBio's founders and board members to advance multiple gene therapies into the clinic.

Research Triangle Park, NC-based AskBio's co-founder Jude Samulski started the company with co-founder and CEO Sheila Mikhail in 2000, when...

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