Back in December, longtime industry investor Chris Garabedian helped launch a $210 million VC fund for early-stage biotechs. On Tuesday, Garabedian and the Perceptive Xontogeny Venture Fund introduced its latest startup.
The ex-Sarepta CEO has teamed with former Abeona chief Tim Miller to create Forge Biologics, a gene therapy company focusing on both manufacturing and development of GMP adeno-associated viruses, with $40 million in Series A funding. Forge is the eighth biotech in which the PXV Fund has invested — but only the sixth announced — and the first in the gene therapy area, Garabedian told Endpoints News.
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