Intellia, Cellex Team Up On New CAR-T Firm, Backed By Blackstone

 
• By Joseph Haas
  
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Blackstone is providing $250m to combine Intellia’s gene editing and Cellex’s cell manufacturing capabilities in a new CAR-T company using Cellex subsidiary GEMoaB’s technology and pipeline as a foundation.

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Blackstone is investing $250m in a new CAR-T firm using Intellia, Cellex technology

Gene-editing specialist Intellia Therapeutics, Inc. and cell manufacturing firm Cellex Inc said on 22 June that they are teaming up with the private equity group Blackstone Life Sciences to create a new company focused on the development of chimeric antigen receptor T-cell (CAR-T) therapies for hard-to-treat cancers and autoimmune diseases. Blackstone will serve as the sole investor, contributing $250m to the enterprise, while Intellia and Cellex will be equal one-third owners with the investment firm.

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