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Beam Therapeutics

Beam Therapeutics

A synthetic biology company using CRISPR to develop a portfolio of genetic medicines.

Beam Therapeutics is a synthetic biology company using CRISPR to develop a portfolio of genetic medicines that is headquartered in Cambridge, Massachusetts and was founded in 2017 by David R. Liu, Feng Zhang, J. Keith Joung, and John Evans. The company developed a genome editing platform capable of making permanent base pair changes in DNA or RNA without making any cuts into strands of DNA.

Partnerships

The following companies and organizations are involved in partnership agreements with Beam Therapeutics: Harvard University, Editas Medicine, Broad Institute, and Massachusetts General Hospital (MGH).

Funding
Series A

On May 14, 2018 beam therapeutics completed their series A funding round with $87 million in funding lead by F-Prime Capital Partners and ARCH Ventures.

Series B

On March 6, 2019 Beam therapeutics completed their series B funding round with $135 million in funding from F-Prime Capital, ARCH Venture Partners, Eight Roads Ventures, Omega Funds, Redmile Group, LLC, Cormorant Asset Management, GV, Altitude Life Science Ventures, and additional undisclosed investors.

Following Beam Therapeutics series B funding the CEO of the company, John Evans told reporters:

We now have 10 active programs underway and have expanded our team to more than 70 employees. We are thrilled to have the support and partnership from this group of world-class investors to help us achieve our mission. With this funding, we will continue to expand our team and capabilities, extend our leadership position in base editing technology, and move our pipeline towards clinical development where we hope to make an impact for patients with serious genetic diseases.

Beam Therapeutics is an American biotechnology company conducting research in the field of gene therapies and genome editing. The company is headquartered in Cambridge, Massachusetts. In the development of therapies, the company relies on CRISPR and prime editing, whereby DNA sequences can be modified even more precisely compared to previous methods.

Founded in 2017, the company traces its origins to the Broad Institute of the Massachusetts Institute of Technology and Harvard University. Co-founders include David R. Liu and Feng Zhang. Prior to its IPO, the company raised nearly $1 billion in venture capital from investors. In a February 2020 IPO, the company raised $180 million. The first clinical trials for therapies are expected in 2021.

Timeline

January 19, 2021
Beam Therapeutics raises a $260,000,000 venture round from Casdin Capital, Cormorant Asset Management, Farallon Capital Management, Perceptive Advisors and Redmile Group.
February 11, 2020
Beam Therapeutics raises a $207,000,000 venture round.
March 2019
Beam Therapeutics raises a $135,000,000 series B round from ARCH Venture Partners, Altitude Life Science Ventures, Cormorant Asset Management, Eight Roads Ventures, F-Prime Capital Partners, Omega Funds and Redmile Group.
May 14, 2018
Beam Therapeutics raises a $87,000,000 series A round.
May 2018
Beam Therapeutics raises a $87,000,000 series A round from ARCH Venture Partners and F-Prime Capital Partners.
2017
Beam Therapeutics was founded by David R. Liu, Feng Zhang and J. Keith Joung.

Funding rounds

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News

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Description
Amirah Al Idrus
June 30, 2021
FierceBiotech
While a couple companies are making waves in gene editing, Beam Therapeutics is swimming in a different direction with the budding technology to help reset the immune system. The company is joining forces with Apellis Pharmaceuticals to create new gene-editing treatments for complement-driven diseases, a broad bucket of ailments caused by an overactive part of the immune system.
Brandon May
April 21, 2021
BioSpace
Beam Therapeutics has recently unveiled a new CRISPR base editing tool to target sickle cell mutations, a promising approach that holds substantial clinical value for patients with these blood disorders.
Amirah Al Idrus
March 15, 2021
FierceBiotech
As Beam Therapeutics sets its sights on the clinic, it has signed on a new chief medical officer. Amy Simon, M.D., arrives from Alnylam, where she held various roles over a decade, culminating in vice president of clinical development.
Amirah Al Idrus
February 23, 2021
FierceBiotech
Not all gene editing treatments are created equal--that's why Beam Therapeutics started out with multiple technologies from the likes of MIT, Harvard, the Broad Institute and Editas Medicine. Now, it's adding another arrow to its drug delivery quiver with its $120 million acquisition of GuideTx, a Georgia Tech spinout.

References

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