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T. Rowe Price funds led a $110m Series C funding round in Generation Bio.

Financials

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Transaction Value£83m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Biotechnology

Minority

Completed

United States

Public

medical genetics

Friendly

Acquisition

Domestic

Private Equity

Venture Capital

gene therapy

Synopsis

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T. Rowe Price, a holding company that manages a group of 156 mutual funds, led a $110m Series C funding round in Generation Bio, a biotechnology company. The round had participation from investors Farallon, Wellington Management Company and existing investors Atlas Venture, Fidelity, Invus, Casdin, Deerfield and Foresite Capital. "Our vision is to develop re-dosable long-lasting gene therapies manufactured at a scale that leaves no patient or family behind. Since our founding, we have had the support of high-quality investors who share our excitement about our potential to lead a new generation of gene therapy as we advance our lead programs toward the clinic," Geoff McDonough, Generation Bio CEO.

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