Nohla Therapeutics Announces Second Closing of $56 Million Series B Financing

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SEATTLE, July 11, 2018 (GLOBE NEWSWIRE) -- Nohla Therapeutics, a leading developer of universal, off-the-shelf cell therapies for patients with hematologic malignancies and other critical diseases, today announced the second closing of its Series B financing, bringing the total amount raised in this round to $56 million. New investors participating in the second closing included the University of Tokyo Edge Capital, Schroder Adveq and Premier Partners. They joined the initial Series B investor syndicate of Fidelity Management and Research Company, Celgene Corporation, ARCH Venture Partners, 5AM Ventures, Alexandria Venture Investments and AML Biotech Partners.

"We are pleased to add these key, international investors to an already strong syndicate of Series B investors,” said Katie Fanning, President and CEO of Nohla Therapeutics. “We have achieved a number of significant milestones in the first half of 2018 including further advancement of our lead product, dilanubicel. This additional funding will support our ongoing clinical development of dilanubicel in allogeneic transplant and acute myeloid leukemia, as well as support the advancement of discovery programs from our platform.”

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Globe Newswire: 21:00 GMT Wednesday 11th July 2018

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