SmartCella has announced a new share issue to accelerate growth and support commercialization of the Extroducer and the company’s cell and mRNA operations.

The share issue was supported by existing large institutional investors such as Fjärde AP-fonden, AMF Pension and SEB-Stiftelsen, as well as a new long-term strategic investor, AstraZeneca (committing to approximately half of the share issue) and the new larger institutional investors Handelsbanken Fonder and RoosGruppen AB, at a pre-money valuation of approximately EUR 500 million. Christian Kinch and Thomas von Koch remain major shareholders (via SWIB Holding AB).

This capital raise is a landmark event for us – and our journey has only just begun.”

“We operate in the most exciting and attractive areas of biotech. Cell and gene therapy are currently the hottest areas in biotech research and investments, yet SmartCella remains somewhat of a hidden gem. With the new proceeds, we will continue to build our organization and drive accelerated growth. We will have a specific focus on ramping up commercialization of the Extroducer, which I believe is one of the most groundbreaking innovations in targeted delivery solutions, carrying therapies directly into otherwise hard-to-reach tumors or organs. The Extroducer, combined with our world-class research and knowledge in cell and mRNA therapies, makes SmartCella unique. This capital raise is a landmark event for us – and our journey has only just begun,” says Niklas Prager, CEO of SmartCella.

XyloCor Therapeutics and SmartCella enter into license agreement

The two companies have entered into a licensing agreement under which XyloCor has rights to the Extroducer Infusion Catheter System, an endovascular device designed to deliver advanced therapies directly into the heart [and hard-to-reach tissues] . XyloCor plans to deploy the Extroducer to support catheter-based endocardial delivery of its lead gene therapy candidate, XC001, in future clinical studies and commercial use.

“The collaboration underscores the transformative potential of the Extroducer in delivering XC001 therapy for patients with refractory angina. A great example of a powerful combination of delivery system and drug therapy representing a substantial advancement in treatment options. The collaboration with such a distinguished partner as XyloCor marks a significant milestone for our global expansion efforts and will also enable us to further explore and harness the future capabilities of the Extroducer, ultimately expanding the benefits to a greater number of patients in need,“ says Niklas Prager, CEO of SmartCella.

Total deal value amounts to approximately USD 130 million and mid-single digit royalties.

Terms of the agreement include a global license to XyloCor for use of the Extroducer for the administration of XC001 and provide for SmartCella to supply catheters to XyloCor in clinical trials and commercial use in exchange for an upfront payment, clinical, regulatory and commercial milestones and a royalty on sales. Total deal value amounts to approximately USD 130 million and mid-single digit royalties.

Photo of Niklas Prager: SmartCella