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Askbio Partners With Tpg And Vida Ventures

by vcaonline.com posted 3months ago 13 views
RESEARCH TRIANGLE PARK, N. Car. & FORT WORTH, Texas & SAN FRANCISCO & BOSTON, April 11, 2019-- Asklepios BioPharmaceutical, Inc (AskBio), a developer and manufacturer of Adeno-Associated Virus (AAV) gene therapy therapeutics for underserved patient populations with rare and generally untreatable genetic disorders, announced today $235 million in funding to augment and accelerate its business. TPG Capital and Vida Ventures are investing $225 million for a minority stake in the company. As part of the transaction, AskBio’s founders and board members are co-investing $10 million.

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