Inscripta raises additional $20 million in Series C financing round
Category: #health  | By Nikita Chaurasia  | Date: 2019-04-06 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Inscripta raises additional $20 million in Series C financing round

Inscripta is working to develop a full suite of gene-editing tools (reagents, software and instruments) to increase the efficiency and speed of CRISPR-based gene-editing

The US-based gene-editing technology company Inscripta has announced that it has raised additional $20 million in its previously declared Series C financing. The new funding, which comes from existing investors, adds to the $85.5 million financing that the company announced in 2018. The total amount raised now stands at $105.5 million.

According to the press release by Inscripta, the existing investors are Foresite, MLS Capital, Venrock, NanoDimension, Paladin Capital Group and Mérieux Développement. Inscripta is working to develop a full suite of gene-editing tools (reagents, software and instruments) to increase the efficiency and speed of CRISPR-based gene-editing.

The tools being developed by Inscripta include CRISPR enzyme family, called MADzymes; custom nucleases for commercial partners and researchers; and a full suite of gene-editing tools (reagents, software and instruments).

John Stuelpnagel, Chairman, Board of Directors, Inscripta, has reportedly said that researchers need a scale transformation to make gene editing efforts more useful and informative.

Reportedly, Inscripta had announced the broad adoption of MAD7 in December 2018. MAD7 is a proprietary CRISPR enzyme which has been offered to academic and commercial researchers without any upfront licensing fees or “reach-through royalties” on discoveries made using the technology.

For the record, MADzymes have different cut efficiencies, different PAM recognition sequences, different enzyme kinetics and reduced sizes. The first enzyme MAD7’s gene editing systems were patented recently. The enzyme is reportedly effective in microbial as well as mammalian systems. The robust editing activities have been shown by MAD7 in prokaryotic as well as eukaryotic microbes.

For the uninitiated, Colorado-based Inscripta is a gene-editing technology company which creates tools to revolutionize human life. The company works to provide control to researchers for cutting edge, single cell engineering.

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

Dr. Reddy’s becomes India’s second biggest drugmaker by sales

Dr. Reddy’s becomes India’s second biggest drugmaker by sales

By Nikita Chaurasia

Dr. Reddy's Laboratories Ltd. and Cipla Ltd. surpassed Aurobindo Pharma to rank as the 2nd and 3rd largest drug manufacturers in India by sales in the three months that ended on September 30. This was the first change in the pecking order of the ...

UK’s business confidence drops to its lowest point since 2009

UK’s business confidence drops to its lowest point since 2009

By Nikita Chaurasia

According to recent data, business confidence in the UK dropped to 18% in October, which was its lowest level in at least 13 years. In contrast, however, net balances of confidence stood at 28% in June and 56% in February, according to Accenture and ...

Attero aims to increase recycling capacity, plans for IPO in 2025

Attero aims to increase recycling capacity, plans for IPO in 2025

By Nikita Chaurasia

Attero Recycling, a firm that recycles electronic waste, is aiming to launch an initial public offering (IPO) in 2025, according to its Co-Founder and CEO Nitin Gupta. As per Gupta, the company is currently debating whether to list its shares in I...