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Myeloid Therapeutics Raises $73 Million in Funding to Advance Novel mRNA-Immunotherapy Pipeline for Cancer Treatment.

Myeloid Therapeutics Raises $73 Million in Funding to Advance Novel mRNA-Immunotherapy Pipeline for Cancer Treatment.

May 23, 2023

Cambridge, Massachusetts - Myeloid Therapeutics, a leading biotechnology company specializing in advanced gene and cell therapies, announced today that it has successfully raised $73 million in a recent funding round. The investment will accelerate the development of Myeloid's innovative mRNA-immunotherapy pipeline, aimed at revolutionizing cancer treatment.

The funding round was led by prominent venture capital firms Hatteras Venture Partners, 8VC, ARCH Venture Partners, and Newpath Partners. These strategic investors recognize the transformative potential of Myeloid Therapeutics' cutting-edge technologies and the significant impact they can have in the field of biotechnology.

Myeloid Therapeutics is founded on the expertise and vision of its Co-Founder, Daniel G., and his team. Leveraging their extensive knowledge and experience in gene and cell therapies, Myeloid Therapeutics has developed novel platform technologies that harness the inherent capabilities of myeloid cells. These unique therapies promise breakthrough treatments for various types of cancer.

The company's clinical-stage mRNA immunotherapy pipeline represents a paradigm shift in cancer therapeutics. By utilizing messenger RNA (mRNA) technology, Myeloid Therapeutics aims to stimulate the immune system's response to cancer cells, enabling the body to recognize and eliminate tumors more effectively. This approach has the potential to significantly improve patient outcomes and transform the landscape of cancer treatment.

The $73 million raised in this funding round will be instrumental in advancing Myeloid Therapeutics' research and development efforts. The funds will support the progression of the company's mRNA-immunotherapy pipeline through preclinical and clinical studies and the expansion of its scientific and operational teams.

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