Rocket Pharma, First Unicorn in Civilization Ventures Portfolio Achieves $1B Market Value12-Sep-2018
Press Release –
Rocket Pharmaceuticals, Inc . (NASDAQ: RCKT) (“Rocket”), a leading U.S.-based multi-platform gene therapy company, topped $1B market cap this week, closing at $25.49 today.
Rocket Pharmaceuticals (RCKT) is a clinical-stage gene therapy company focused on developing a pipeline across multiple rare diseases including Fanconi anemia (or FA), leukocyte adhesion deficiency-I, pyruvate kinase deficiency, and infantile malignant osteopetrosis.
"The reality of gene therapies to revolutionize healthcare is here. We are excited to have backed Rocket Pharmaceuticals, a pioneer in the field of gene therapies for rare diseases," says Shahram Seyedin-Noor, GP of Civilization Ventures, an early supporter of Rocket Pharma.
Phase 1/2 clinical trials for Fanconi anemia are ongoing, with positive results for the lead lentiviral vector therapy, RP-L102, reported earlier this year. Other research programs are either in the preclinical stage or the discovery stage.
About Rocket Pharma:
Rocket’s pipeline is comprised of first-in-class gene therapies for rare and devastating inherited diseases.
Designed in collaboration with leading academic and industry partners, Rocket lentiviral-based programs aim to enable transduction of patients’ stem cells by means of 3rd-generation, self-inactivating lentiviral vectors to optimize the potential for gene-correction and stem cell engraftment such that the functional deficits of each disorder are corrected, with sufficient quantities of healthy protein manufactured by patients’ own hematopoietic cells. The AAV-based program involves direct injection of the therapeutic vector, which has displayed substantial tropism for the organs most afflicted by the underlying disorder, ultimately enabling sufficient quantities of healthy protein to restore homeostasis.
Each program is intended to be transformative, enabling not only reversal of the disorder at molecular and cellular levels, but sustained relief from debilitating and potentially life-threatening symptoms.
SOURCE: Civilization Ventures