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Carisma Therapeutics raises $53 million for CAR-T alternative using macrophages

by Ryan Cross
July 8, 2018 | APPEARED IN VOLUME 96, ISSUE 28

 

Philadelphia-based Carisma Therapeutics has raised $53 million in series A financing to develop new cancer cell therapies based on research from University of Pennsylvania scientists. Unlike the two commercial CAR-T cancer cell therapies, which use engineered T cells, Carisma’s therapy uses macrophages, a different kind of immune cell that eats other cells through phagocytosis. By adding chimeric antigen receptor (CAR) proteins, Carisma hopes to create macrophages that will chow down on cancer. AbbVie Ventures and HealthCap led the funding.

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