Garuda Therapeutics’ Launch and $72 Million Series A Financing

Goodwin Procter advised Garuda Therapeutics on the deal.

Garuda Therapeutics announced its launch and $72 million Series A financing led by Aisling Capital, Northpond Ventures, and OrbiMed, and supported by Cormorant Asset Management, Ridgeback Capital Investments, Monashee Investment Management, Sectoral Asset Management, National Resilience, Inc., and Mass General Brigham Ventures, among others.

Garuda is developing the world’s first platform technology for generating off-the-shelf, self-renewing blood stem cells. The technology is poised to provide patients with rapid and broad access to consistent, durable, HLA-compatible transgene-free blood stem cell therapies. Like bone marrow transplants, the technology could provide potentially curative therapies for more than 70 diseases.

The Goodwin team was led by Michael Bison (Picture), Christopher Denn, Amarilice Young, and Bushra Samimi, and included Dan Karelitz (Tax); Sarah Bock and Alexandra Denniston (ERISA & Executive Compensation); Timothy Holahan and Lina Fernandez (Employment); Jacob Osborn and Gozde Guckaya (Global Trade); Jacqueline Klosek and Joshua R. Fattal (Privacy); Nicole Riley (Real Estate); and Maggie Wong (Opinions); with invaluable assistance from Timothy Ayotte (Corporate), Stephanie Hartford (Summer Associate), and Jackie Serrano (Paralegal). 

Involved fees earner: Timothy Ayotte – Goodwin Procter; Michael Bison – Goodwin Procter; Sarah Bock – Goodwin Procter; Christopher Denn – Goodwin Procter; Alexandra Denniston – Goodwin Procter; Joshua Fattal – Goodwin Procter; Lina Fernandez – Goodwin Procter; Gozde Guckaya – Goodwin Procter; Timothy Holahan – Goodwin Procter; Daniel Karelitz – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Jacob Osborn – Goodwin Procter; Nicole Riley – Goodwin Procter; Bushra Samimi – Goodwin Procter; Maggie Wong – Goodwin Procter; Amarilice Young – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Garuda Therapeutics;

Martina Bellini

Author: Martina Bellini