Century Therapeutics Acquires Clade Therapeutics; Raises $60M Private Placement Led by Bain Capital Life Sciences

April 11, 2024

Century Therapeutics agreed to acquire privately held Clade Therapeutics for approximately $35 million in upfront consideration (plus a potential $10 million milestone) to expand its iPSC-derived cell therapy pipeline and next-generation Allo-EvasionTM platform. Concurrently, Century completed a roughly $60 million private placement led by Bain Capital Life Sciences and several institutional investors to support expanded autoimmune development of its lead program CNTY-101 and extend cash runway into 2026.

Buyers
Century Therapeutics, Bain Capital Life Sciences, Adage Capital Partners LP, Octagon Capital, Superstring Capital, Casdin Capital, Boxer Capital, Venrock Healthcare Capital Partners, DAFNA Capital Management, LLC
Targets
Clade Therapeutics
Industry
Biotechnology
Location
Massachusetts, United States
Transaction Type
Buyout

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