Last deal

$5M

Amount

Convertible Note

Stage

01.02.2019

Date

3

all rounds

$9.5M

Total amount

General

About Company
SymbioCellTech aims to cure Type I diabetes with Neo-Islets™ technology.

Industry

Sector :

Subsector :

Keywords :

Also Known As

InsuGen, InsCellTech

founded date

25.04.2006

Number of employees

Company Type

For Profit

Last funding type

Convertible Note

IPO status

Private

Description

SymbioCellTech has developed a proprietary therapy that has shown long-term glucose control with reduced or no need for insulin injections and toxic antirejection drugs in animal models of Type 1 Diabetes. The therapy provides protection from autoimmune attacks that destroy insulin-producing cells and offers an endogenous and physiologic source of insulin. The company's stem cell-based technology achieves glucose control identical to that of a normal healthy individual and can be administered in a simple out-patient procedure. SCT has completed pre-clinical trials and is preparing for FDA submission and approval to begin clinical trials treating humans suffering from Type-1 Diabetes. Canine clinical trials have been approved, and the outcomes are outstanding.
Contacts