Monday, June 6, 2016

Applied StemCell Secures $19 Million in Series D Financing


Summary
Applied StemCell, Inc. is a leading stem cell and gene-editing company focusing on the development of products and therapeutics that are enabled by its proprietary gene editing platform technologies. This bay area bio-tech company published a press release on June 6 through business wire to disclose a Series D investment round of $19 million. The Series D financing is led by HerMed Capital. Additional investors included Ping An Ventures, Vi-Ventures and BioScikin. The company intends to use the proceeds to accelerate the development of its pipeline, expand its gene editing platform technology, as well as to continue to strengthen its leading intellectual property portfolio.

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