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Poseida's CAR-T, Gene Therapy Programs Get $142m Boost, Including Novartis Cash

Executive Summary

Despite its sidetracked IPO, a registrational trial for the company's BCMA-targeting CAR-T is underway to support a late 2020 BLA filing and this new VC funding could accelerate additional programs. CAR-T pioneer Novartis is strictly an investor in the Series C round, but takes a board seat.

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