On 11 March 2019, Lundbeckfonden Emerge announced the completion of a joint $50 million investment in SNIPR Biome Limited, alongside co-investors LSP, North-East Family Office and Wellington Partners.
SNIPR Biome is pioneering its proprietary CRISPR technology to revolutionise the treatment of microbial diseases. The constructs developed by SNIPR can subvert elements of the endogenous bacterial CRISPR machinery to targetedly eliminate hazardous bacteria in vivo. SNIPR have shown its constructs can be used in a highly specific manner, marking a significant and exciting development in the field.
Gill Jennings & Every LLP provided advice on the IP-related aspects of the transaction. The GJE team was led by partner John Jappy.
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