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Investors add $30 million to infectious disease vaccine developer Genocea Biosciences

October 10, 2012 10:31 am by | 0 Comments

A vaccine developer focused on fighting infectious diseases like HSV-2, Pneumococcus and malaria has just gotten a $30 million vote of confidence from investors.

Genocea Biosciences says its ATLAS platform mimics the human T cell immune response in the laboratory, allowing it to identify and test T cell antigens in less time and with more effectiveness than traditional vaccine discovery methods.

It’s just closed a $30 million series C round that will support continued development of its therapeutic vaccine for Herpes Simplex Virus type 2, which is designed to trigger a response from both the T cell and B cell arms of the immune system. The vaccine is currently in Phase 1/2a clinical trials and should generate preliminary data by the second half of next year, the company said in a news release.

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Funds will also support continued preclinical development of a preventive vaccine for all serotypes of Pneumococcal infections, which is on track to begin clinical trials late next year.

Joining in the round were the Bill & Melinda Gates Foundation and CVF LLC, an affiliate of Henry Crown and Company. Existing investors Polaris Venture Partners, Lux Capital, SR One, Johnson & Johnson Development Corporation, Skyline Ventures, Cycad Group, Auriga Partners, MP Healthcare Ventures and Morningside also contributed.

This round brings the Cambridge, Massachusetts firm’s total equity financing to $76 million, a good chunk of change for a company that just began clinical trials for its first candidate earlier this year.

In collaboration with the Bill & Melinda Gates Foundation, Genocea will also use some of the funds to expand its malaria program, with the hope of identifying antigens that could potentially be included in a malaria vaccine.

Genocea was founded in 2006 based on technology developed at Harvard Medical School.

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Deanna Pogorelc

By Deanna Pogorelc MedCity News

Deanna Pogorelc is a Cleveland-based reporter who writes obsessively about life science startups across the country, looking to technology transfer offices, startup incubators and investment funds to see what’s next in healthcare. She has a bachelor’s degree in journalism from Ball State University and previously covered business and education for a northeast Indiana newspaper.
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