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CHOP spins off Spark Therapeutics, launches with $50mm Series A round

Executive Summary

Children’s Hospital of Philadelphia (CHOP)’s Center for Cellular & Molecular Therapeutics (CCMT) spun out Spark Therapeutics LLC, which will pursue gene therapies advanced by CHOP in ophthalmic, neurodegenerative, and blood diseases. CHOP, which retains majority ownership of Spark, committed $50mm in Series A financing to the start-up over the next several years on an as-needed basis. CHOP invested an initial $10mm.
Deal Industry
  • Biotechnology
    • Gene Therapy, Cell Therapy
    • Large Molecule
  • Pharmaceuticals
    • Drug Delivery
      • Macromolecule
      • Site Specific
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Spin-Off

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