Sanguine Biosciences Announces $10 Million Credit Financing from Catalio Capital Management to Fund Continued Growth
Capital infusion fast-tracks the development of apheresis-derived products critical to cell and gene therapy research and manufacturing.
WOBURN, Mass.–(BUSINESS WIRE)–Sanguine Biosciences, a leading biospecimen procurement services company that empowers patients to accelerate precision medicine and cell and gene therapy research and development, today announced that it secured $10 million in credit financing from Catalio Capital Management, a leading multi-strategy healthcare and life science investment firm. The loan is from Catalio’s Structured Opportunities Fund, which provides creative and flexible structured capital solutions to healthcare and life sciences companies.
The senior secured term loan provides Sanguine with an initial draw of $6 million at close, with an additional $4 million available at the company’s option. Sanguine will use the funds to support its recently launched apheresis donation center, develop instrumental cell & gene therapy products derived from apheresis, including GMP-grade and CD34+ mobilized leukopaks, and fund commercial growth.
Catalio Capital Management General Partner and Head of Credit John Henry Iucker, CFA, joins Sanguine’s board of directors as an Observer. “Catalio is thrilled to partner with Sanguine to support its mission of empowering patients to participate in medical research and advance precision medicine,” Mr. Iucker said. “By providing a diversity of annotated and relevant biospecimens essential for clinical research, Sanguine is well-positioned to thrive in the rapidly expanding cell and gene therapy market.”
“Our partnership with Catalio is an important step forward for Sanguine as we bridge the gap between researchers and patients, leading to advanced therapies and likely better outcomes,” said Sanguine CEO Brian Neman, MHA. “This financing will enable our business to continue to innovate, grow, and align with our customers’ needs.”
About Catalio Capital Management
Catalio Capital Management, LP, is a multi-strategy healthcare and life sciences investment firm focusing on breakthrough companies developing the next generation of drugs, devices, diagnostics, and data-driven insights. Catalio’s Partnership includes over 44 world-renowned scientists with extensive academic and scientific achievements who have each started well-established companies based on their research. Catalio has offices in New York and London. Learn more about Catalio Capital Management by visiting www.cataliocapital.com.
