Cellares Raises $255M Series C to Launch First Integrated Development and Manufacturing Organization (IDMO) and Pioneering Smart Factory to Meet Global Demand for Life-Saving Cell Therapies

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• Series C is led by Koch Disruptive Technologies and includes Bristol Myers Squibb, DFJ Growth, Willett Advisors and existing investors Eclipse, Decheng Capital, and 8VC
• Cellares' commercial-scale IDMO Smart Factory in Bridgewater, NJ is a 118,000 sq ft facility with capacity for 40,000 cell therapy batches per year demonstrating a 10x increase in productivity compared with conventional CDMO facilities
• Cellares' TAP program allows participating partners to automate and tech-transfer manual processes onto the Cell Shuttle manufacturing platform in only six months

SOUTH SAN FRANCISCO, Calif., Aug. 23, 2023 /PRNewswire/ -- Cellares, the first Integrated Development and Manufacturing Organization (IDMO) dedicated to clinical and industrial-scale cell therapy manufacturing, has secured $255 million in Series C funding led by new investor Koch Disruptive Technologies. In connection with the financing, David Mauney, Managing Director at Koch Disruptive Technologies, will join the company's board of directors. Global biopharmaceutical company and cell therapy leader Bristol Myers Squibb also participated in the round, alongside DFJ Growth, Willett Advisors and existing investors Eclipse, Decheng Capital, and 8VC.

"Cell therapies have tremendous curative potential across a wide range of diseases. But right now, manufacturing by conventional CDMOs is expensive, failure-prone, and impossible to scale," said David Mauney, managing director of Koch Disruptive Technologies. "Cellares is driving transformation in the marketplace by combining an Industry 4.0 approach with full vertical integration. As the first IDMO, Cellares is empowering cell therapy companies to build viable businesses, remain competitive, and meet the needs of fast-growing patient populations."

Cellares will use the new funding to launch the world's first commercial-scale IDMO Smart Factory, which seamlessly integrates advanced robotics, purpose-built technology, and interconnected software. The 118,000 sq. ft. IDMO Smart Factory, located in Bridgewater, New Jersey, will be capable of producing 40,000 cell therapy batches per year^[1]. By leveraging integrated technologies, IDMO Smart Factories can produce 10 times more cell therapy batches per year than traditional CDMO facilities, even with the same footprint and the same workforce. Cellares' Smart Factories will be deployed around the world to enable the cell therapy industry to meet global patient demand.

"The creation of the first IDMO marks the beginning of a new era, in which cell therapies will finally be able to reach patients in need," said Cellares CEO Fabian Gerlinghaus. "We've developed integrated technologies for the entire drug development and manufacturing life cycle. Now we're leveraging these technologies to offer global manufacturing services for the living drugs of the 21st century. Our partners are some of the best academics, biotechs, and large pharma companies in the world. We're enabling them to meet total patient demand, improve consistency and quality, lower manufacturing costs, and accelerate expansion to new markets."

The company's flexible manufacturing technology supports both autologous and allogeneic cell therapy processes and about 90% of cell therapy modalities. The Cell Shuttle platform integrates all the technologies required for all unit operations and is successfully running CAR-T cell therapy processes with true walk-away, end-to-end automation. Compact automation leads to a 90% reduction in labor and facility size to produce the same number of batches, thus enabling the 10x increase in productivity of Cellares' IDMO Smart Factories.

Cellares currently operates two Smart Factories in the US and is planning a third. Cellares' first Smart Factory, located in South San Francisco, is currently being used for preclinical process development and tech transfer of manual processes onto the Cell Shuttle for existing partners. The South San Francisco Smart Factory will be cGMP-ready in the first half of 2024.

The new Smart Factory in Bridgewater, New Jersey is dedicated to commercial-scale manufacturing. With 118,000 sq. ft. of space, the site has capacity for 50 Cell Shuttles and will be able to produce 40,000 batches per year. The New Jersey site will be cGMP-ready in the second half of 2024. While the company can support clinical trials in Europe out of its US Smart Factories, it will also break ground on the first IDMO Smart Factory in Europe in 2024.

Manual processes can be automated and tech transferred onto Cellares' automated Cell Shuttle platform in only six months via the company's Technology Adoption Partnership (TAP) program. Under the TAP program, participating cell therapy developers can tech-transfer their cell therapy processes onto a Cell Shuttle at any stage – during pre-clinical development, in the clinic, or after regulatory approval. Thanks to automation, standardization, and software-defined manufacturing (SDM), every tech transfer thereafter is instantaneous, to any other Cell Shuttle in any other Smart Factory anywhere in the world.

Please visit cellares.com/partnering/ to learn more about the TAP program and request a meeting with a business development representative.

About Cellares

Cellares is the first Integrated Development and Manufacturing Organization (IDMO) and takes an Industry 4.0 approach to mass manufacturing the living drugs of the 21st century. The company is both developing and operating integrated technologies for cell therapy manufacturing to accelerate access to life-saving cell therapies. The company's Cell Shuttle integrates all the technologies required for the entire manufacturing process in a flexible and high-throughput platform that delivers true walk-away, end-to-end automation. Cell Shuttles will be deployed in Cellares' Smart Factories around the world to meet total patient demand for cell therapies at global scale. Partnering with Cellares enables academics, biotechs, and pharma companies to accelerate drug development and scale out manufacturing, lower process failure rates, lower manufacturing costs, and meet global patient demand.

The company is headquartered in South San Francisco, California with its commercial-scale IDMO Smart Factory in Bridgewater, New Jersey. The company is backed by world-class investors and has raised over $355 million in financing.

For more information about Cellares, please visit cellares.com.

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^[1] Based on a 7-day autologous process. With shorter processes or allogeneic approaches, the IDMO Smart Factory in Bridgewater, NJ can produce even more doses per year.

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