Financing will support continued clinical development of gene therapies and surgical delivery systems for retinal diseases
Cambridge Innovation Capital plc (CIC), the venture capital investor enabling visionaries to build global, category-leading companies in the Cambridge ecosystem, has participated in the £50.4 million Series B funding of Gyroscope Therapeutics (Gyroscope), a company developing gene therapies and surgical delivery systems for retinal diseases, alongside lead investor Syncona Ltd.
With this new round of financing, Gyroscope will continue to advance:
Gyroscope has unique capabilities to bring novel treatments to areas of significant unmet medical need. We are delighted to support the company as it progresses clinical trials with its lead programme GT005 and its Orbit Subretinal Delivery System, while also expanding its pipeline of innovative medicines.
Robert Tansley
Partner at CIC
Khurem Farooq, CEO of Gyroscope, added: “We are grateful for the confidence Syncona and CIC have shown in Gyroscope as we continue to deliver on our promise to bring gene therapy beyond rare disease to help the millions of people worldwide with dry-AMD.”