Overview

  • Cynata is a clinical-stage biotechnology company that is revolutionising stem cell therapy.
  • BioScience Managers is an international investment firm helping companies develop solutions that transform patient care worldwide.
  • BioScience Managers is one of Cynata’s key investors.
  • The relationship was made possible by the Australian Government’s Biomedical Translation Fund.

About BioScience Managers

BioScience Managers is a leading international investment firm. They are dedicated to advancing innovative science and technology in the healthcare sector.

We help shift companies in the biomedical space from R&D products to commercialising validated products effectively.
— Jeremy Curnock Cook, Founder of BioScience Managers

Their global team combines deep industry expertise with a passion for innovation to identify and nurture high-potential opportunities. BioScience Managers was established more than 20 years ago. Its vision is to bring scientific discovery to market by translating cutting edge research into real world solutions.

Using their collective experience across healthcare, finance, and technology, BioScience Managers uses the Australian Government’s Biomedical Translation Fund to invest in promising ventures that address medical issues with significant global impact.

Investing in the biomedical sector is exciting and complex. The field is characterised by rapid innovation and specialised knowledge is critical for any investors in the space.
— Jeremy Curnock Cook, Founder of BioScience Managers

About Cynata and its innovative stem cell platform

Cynata is a clinical-stage biotechnology company developing next-generation MSC therapies through its proprietary Cymerus™ platform. The platform enables high quality MSC therapies to be made consistently and at scale from a single donor. It has the potential to treat a wide range of medical conditions.

The anti-inflammatory and regenerative properties of MSC therapies have the potential to treat inflammation that leads to chronic disease. However, until now there hasn’t been a way to produce these properties consistently at a large scale and affordable cost.

The Cymerus™ platform uses one donor, whereas other MSCs typically use a number of donors which can lead to an inconsistent product.
— Kilian Kelly, Chief Executive Officer and Managing Director of Cynata

The key to Cymerus™ is another type of cell (induced pluripotent stem cells), which represents an ideal starting material for large scale production of cellular therapies. Unlike MSCs, these can replicate themselves to an effectively limitless extent, without losing functionality.

How investment from BioScience Managers helped

Healthy ageing is an increasingly important topic in healthcare. Chronic inflammation can lead to degenerative and debilitating disease. This has been associated with increasing numbers of chronic disease in ageing populations worldwide.

The ongoing partnership between BioScience and Cynata helps address these medical issues. Their collaboration can fund and develop innovative solutions like Cymerus™. Access to capital is crucial for a growing company like Cynata.

BioScience Managers’ investment of at least $10 million in December 2020 has helped Cynata progress multiple clinical development programs in recent years. This investment was made through the Bioscience Managers Translation Fund, which combines private capital with Commonwealth co‑investment from the Biomedical Translation Fund.

Clinical development is a complex business. We have a novel product and are running trials across the globe. BioScience Managers are ideal for a company like Cynata because we know the decision-makers have a thorough understanding of our field and are willing and able to take a long-term view. We appreciate their active support in identifying new business opportunities, involving both potentially complementary technologies and different geographies. Doors are being opened to new business discussions.
— Kilian Kelly, Chief Executive Officer and Managing Director of Cynata

How the Biomedical Translation Fund is driving innovation

We could not have made such progress without significant investment over that period, and a material proportion of that investment came from the Biomedical Translation Fund.
— Kilian Kelly, Chief Executive Officer and Managing Director of Cynata

The Australian Government’s Biomedical Translation Fund is driving innovation in healthcare.

It helps early-stage biomedical companies develop and commercialise discoveries that improve the health and wellbeing of Australians.

Funding is available through licensed private sector venture capital fund managers, who screen proposals, make capital investments, and provide expertise and access to networks. The Biomedical Translation Fund provides capital from the Commonwealth, which is co-invested alongside private capital.

The co-investment means healthcare investment firms, like BioScience Managers, can better support promising ventures that address unmet medical needs and can achieve significant global impact. It also acts as additional motivation for superannuation funds – a significant source of capital in Australia – to help biomedical companies progress transformative ideas from clinical stage to commercial reality.

The Biomedical Translation Fund is administered by the Department of Industry, Science and Resources, on behalf of the Department of Health, Disability and Ageing.

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