Boston, US-based biotechnology startup GRO Biosciences (GRObio) on Friday announced it has closed an oversubscribed Series B funding of $60.3 million.
GRObio, which uses synthetic biology to expand the range of amino acids and realize the possibility of protein therapeutics, has been spun out of George Church’s lab at Harvard Medical School for about four years.
Proceeds from the financing will be used to advance the company’s lead program for the treatment of refractory gout into the clinic, expand its GRObio pipeline, and extend its Genome Recoded Organism (GRO) platform for scalable production of therapeutics incorporating multiple non-standard amino acids (NSAA).
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