gene therapies Archives - Medical Design Sourcing

Cell therapy image from Wikimedia Commons

The cell and gene therapy market continues to advance, thanks to its promise to treat cancers and other severe diseases. While the pandemic has had a negative impact on companies specializing in cell and gene therapies, it has also catalyzed interest in cold-chain logistics while also highlighting the promise of new therapy types.

Organizations interested in expanding their focus on cell and gene therapies can learn from best practices from organizations specializing in high-stake logistics.

Push for standards and collaboration

The initial focus on transporting mRNA vaccines at below-normal temperatures “highlighted the need for some sort of standardization,” said Ray Hornung, senior manager, logistics and emergency preparedness at Be The Match BioTherapies (Minneapolis).

Ray Hornung

While t…

Branford, Connecticut–based Isoplexis (NSDQ:ISO) made its public market debut today with an initial public offering of 8,333,000 shares of common stock initially priced at $15 per share.

ISO shares ended up selling for $11.52 apiece at the end of trading, equating to $96 million (less fees and expenses associated with the IPO). That was 23% less than its $15-per-share target, which would have raised $125 million before fees and expenses.

“We can’t control how the stock trades every day, but we can control being good at our jobs and producing revenue and growing the company,” Isoplexis co-founder and CEO Sean MacKay told Drug Discovery Trends.

The company plans to use proceeds from the IPO to invest in commercial expansion and hiring new staff.

“We grew about 103% in the first half of this year,” MacKay said. “To continue to move worldwide with our product, we need to continue to invest in the commercial teams.”

Isoplexis also plans to expan…

gene therapies

Lessons in life or death logistics

Functional single-cell proteomics firm Isoplexis misses IPO target