ReCode raises another $50M; Histogen halts clinical development; 60 Degrees withdraws Covid-19 IND

ReCode Therapeutics is back with an additional $50 million more than a year after it raised a $120 million Series B.

The Menlo Park, CA-based biotech is developing new mRNA treatments, and the key, it believes, is the delivery system. ReCode’s platform engineers lipid nanoparticles — the fatty acid capsules used in Moderna and BioNTech/Pfizer’s Covid-19 vaccines.

ReCode’s latest raise included two new investors: Bioluminescence Ventures and Solasta Ventures, the company said Tuesday morning. Kouki Harasaki, Bioluminescence’s founding partner and formerly of Microsoft Ventures and a16z, joined ReCode’s board.

Existing investors like Leaps by Bayer and Matrix Capital Management affiliate AyurMaya, which led the initial Series B, also participated. — Lei Lei Wu

Histogen stops all clinical work, CEO to depart

Histogen halted all clinical development and plans to let go of all but two employees by the end of the month as it assesses…
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