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ElevateBio, a cell- and gene-therapy holding company based in Cambridge, Massachusetts, has launched with $150 million in series A financing from MPM Capital and other private investors. ElevateBio will offer R&D and cGMP manufacturing facilities to be shared across several portfolio companies, each with a different disease focus. The company was founded to break some of the bottlenecks that are particularly problematic for cell- and gene-therapy start-ups.
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