Orchard Therapeutics Ltd has raised $150 million in a Series C financing round to advance its portfolio of ex vivo gene therapies, the most advanced of which is in registration trials for the treatment of an ultra-rare disease that damages the immune system.
The oversubscribed financing round was led by Deerfield Management Company LP with significant new investments from RA Capital Management and nine other funds. Existing investors also participated in the round including Temasek, Baillie Gifford and Cowen Healthcare Investments.