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AlloCure

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AlloCure is focused on developing cell therapies for the treatment of various kidney diseases, organ transplants, and multi-organ injuries

Burlington, United StatesFounded 2008Biotech & Life Sciences
Valuation $100–250M Last recorded · 2012
Total funding $10–50M Disclosed equity funding
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About AlloCure

AlloCure, Inc. operated as a clinical-stage biotechnology company with a focus on developing treatments for kidney disease, particularly acute kidney injury (AKI). Founded in 2008 and based in Burlington, Massachusetts, the company has since been marked as deadpooled. AlloCure secured significant venture financing, raising a total of $47 million over five rounds. This included a $14.5 million Series A in July 2008, led by SV Life Sciences and Novo A/S, and a $25 million Series B in 2012, which added Lundbeckfond Ventures to the syndicate.

The company's business model was centered on the research and development of a proprietary cell therapy, with the goal of commercializing a treatment for a significant unmet medical need. The primary therapeutic candidate was AC607, an off-the-shelf, allogeneic mesenchymal stem cell (MSC) therapy. This therapy was developed to be administered to any patient without the need for tissue or blood typing. The cells were sourced from the bone marrow of healthy adult donors and then expanded through a manufacturing process. The business strategy involved progressing AC607 through rigorous clinical trials to gain regulatory approval, which was supported by the FDA granting it Fast Track designation.

AlloCure's product, AC607, was designed to address AKI by leveraging the regenerative capabilities of MSCs. The proposed mechanism of action involved the cells migrating to the site of injury in the kidney, where they would secrete beneficial paracrine factors. This process was intended to promote anti-inflammatory responses and instruct the damaged tissue to repair itself, rather than developing fibrosis, without the stem cells differentiating and repopulating the kidney. The therapy progressed to a multi-center, randomized, double-blind, placebo-controlled Phase 2 clinical trial involving patients who developed AKI after cardiac surgery. However, the trial did not show a significant difference in the time to recovery of kidney function between the group receiving AC607 and the placebo group.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2008
Headquarters
Burlington, United States
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, DT and LS, science-based

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Apr 2012 $25M $100M Novo Holdings · SV Health Investors · Lundbeckfonden · Lundbeckfonden Ventures —
DEBT✓Debt Oct 2011 $1.5M — Undisclosed —
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Growth signals

AlloCure website traffic

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Investments and acquisitions

Capital deployed

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Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • SV Health Investors
  • Novo Holdings
  • Lundbeckfonden
  • Lundbeckfonden Ventures

Other known investors1 additional known investor

  • Laval University
Team profiled 6 named & role-tagged
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Key operators 1 quality Hidden — book a demo/100
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Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Burlington HQ
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Market sentiment

Posts on X, past 7 days

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