Cellerix gains$38M for stem cell work

Three-year-old Cellerix has raised more than €27 million ($38 million) to advance its work on adult stem cell therapies. The Spanish company has a stem cell therapy slated to begin Phase III later this year. Life Sciences Partners and Ventech co-led the round, and were joined by Roche Venture Fund, Novartis Venture Fund and Ysios Capital Partners.

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