Carmine Therapeutics

Carmine Therapeutics

Developing novel types of gene therapies that utilize extracellular vesicles (EVs) produced in the laboratory. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€50—75m (Dealroom.co estimates Oct 2022.)
Cambridge Massachusetts (HQ)
  • Edit
DateInvestorsAmountRound

$3.4m

Seed

$3.4m

Seed

N/A

Support Program
*

$13.7m

Series A
Total Funding€18.7m

Recent News about Carmine Therapeutics

Edit
More about Carmine Therapeuticsinfo icon
Edit

Carmine Therapeutics, headquartered in Cambridge, Massachusetts, is an innovative biotech company specializing in the development of next-generation gene therapies. The company leverages a unique technology based on red blood cell extracellular vesicles (RBCEVs). These vesicles are naturally produced by red blood cells and are devoid of genetic material, making them biocompatible and non-immunogenic, meaning they do not provoke an immune response. This is a significant advantage over traditional viral-based gene therapies, which often face challenges such as immune reactions, limited capacity for genetic material, and complex manufacturing processes.

Carmine Therapeutics' proprietary Red Cell EV Gene Therapy platform allows for the creation of a wide range of disease-modifying gene therapies. These therapies are designed to treat a broad spectrum of diseases by utilizing the modular nature of RBCEVs. The vesicles can be easily manipulated to load nucleic acids and modify their surfaces, making them highly adaptable for various therapeutic applications.

The company's business model focuses on research and development (R&D) to create these advanced gene therapies. Carmine Therapeutics collaborates with other biotech firms and pharmaceutical companies, such as Takeda, to co-develop and commercialize these therapies. Revenue is generated through partnerships, licensing agreements, and potentially through the direct sale of their proprietary therapies once they receive regulatory approval.

Carmine Therapeutics primarily serves clients in the healthcare and pharmaceutical sectors, including patients suffering from genetic disorders, healthcare providers, and other biotech companies looking for innovative gene therapy solutions. The market it operates in is the rapidly growing field of gene therapy, which aims to treat or prevent diseases by modifying the genetic material within a patient's cells.

Keywords: RBCEVs, gene therapy, biocompatible, non-immunogenic, genetic medicines, biotech, disease-modifying, nucleic acid loading, pharmaceutical partnerships, innovative therapies.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.