May 25, 2020

Castle Creek Biosciences – $75 Million

Castle Creek Biosciences

Exton, PA ; 03/27/2020

Amount Funded: $75 Million ($55 million from equity investors)

Type: Not Listed

Lead Investor: Paragon Biosciences (owner of Castle Creek Biosciences)

Participating Investor(s):  Fidelity Management & Research Company, Valor Equity Partners. Horizon Technology Finance Corp. loaned $20 million in venture funds.

Company Description: Castle Creek Biosciences is a privately held company that develops and commercializes gene therapies for patients with rare and serious genetic diseases. The company’s lead gene therapy candidate, FCX-007, is being evaluated for the treatment of recessive dystrophic epidermolysis bullosa (RDEB), the most severe and debilitating form of epidermolysis bullosa (EB). The company is also advancing clinical research evaluating a diacerein topical ointment, CCP-020, for the treatment of epidermolysis bullosa simplex (EBS) and other forms of EB. In addition, Castle Creek Biosciences is developing FCX-013, a gene therapy for the treatment of moderate to severe localized scleroderma.

What funding will be used for:  Expand, advance gene therapy candidate for RDEB treatment, expand infrastructure in greater Philadelphia. 

Quotes:

“We are proud to have the strategic support of world-class investors whose impact enables our efforts to transform the lives of patients and the future of medicine.” 

-John Maslowski, CEO, Castle Creek Biosciences

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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