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Ceregene

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Biotechnology company that treats neurodegenerative disorders using the delivery of nervous system growth factors

San Diego, United StatesFounded 2000Biotech & Life Sciences
Valuation $50–100M Last recorded · 2010
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Ceregene

Ceregene, Inc. was a clinical-stage biotechnology firm founded in 2001 by Stephen Sherwin, focusing on gene therapies for neurodegenerative diseases. Headquartered in San Diego, the company directed its efforts towards developing treatments for conditions with no effective therapies, such as Parkinson's disease, Alzheimer's disease, amyotrophic lateral sclerosis (ALS), and various ocular diseases. The company's business model was centered on the research, development, and clinical testing of its product pipeline, with a strategy to form partnerships for commercialization, such as its ex-North American licensing deal with Genzyme for CERE-120. Ceregene raised approximately $71.5 million in funding over several rounds from investors including Alta Partners, MPM Capital, and Hamilton BioVentures.

The company’s core technology involved using a modified, harmless adeno-associated virus (AAV) as a vector to deliver genes encoding neurotrophic factors directly to affected cells in the brain or eyes. This approach was designed to enable the patient's own cells to produce therapeutic proteins on a sustained basis after a single administration, aiming to slow or even reverse neuronal degeneration. Ceregene's product pipeline included several candidates at various stages of development. Its lead program was CERE-120 (AAV-Neurturin), which entered Phase 2 trials for Parkinson's disease and was designed to protect and restore dopamine-secreting neurons. Another significant product was CERE-110 (AAV-Nerve Growth Factor), which progressed to Phase 2 trials for Alzheimer's disease, targeting the preservation of cholinergic neurons to improve cognitive function. Other preclinical programs included CERE-130 for ALS and CERE-140 for ocular disorders.

Despite showing a strong safety profile across multiple clinical trials involving over 100 patients, Ceregene faced a major setback when its lead drug, CERE-120, failed to meet its primary efficacy endpoint in a Phase 2b trial for Parkinson's disease in April 2013. Following this result, the company began exploring strategic alternatives. In August 2013, Sangamo BioSciences (now Sangamo Therapeutics) announced its acquisition of Ceregene in an all-stock deal. The acquisition gave Sangamo control over all of Ceregene's assets, including its AAV platform, the ongoing Phase 2 trial for CERE-110 in Alzheimer's, a portfolio of over 120 patents, and a substantial database of manufacturing know-how and clinical safety data. The deal was finalized in September 2013, marking the end of Ceregene's operations as an independent entity.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2000
Headquarters
San Diego, United States
Employees
3
Open positions
None listed
Dealroom signal
55.2/100
Industry
Health, Transportation
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, DT and LS, science-based

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Aug 2013 $0 — Sangamo Therapeutics —
SERIES DOther financing Nov 2010 $12M $46M Michael J. Fox Foundation for Parkinson's Research —
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Growth signals

Ceregene website traffic

Latest recorded traffic for Ceregene is 790 monthly website visits, down 34.2% over the last three months. Ceregene's team grew 0% over the past year.

Latest monthly visits790 3-month web change-34.2% 1-year team growth0%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 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

  • MPM BioImpact
  • Alta Partners
  • California Technology Ventures
  • HamiltonApex Technology Ventures

Series B and later2 investors entered at this stage

  • Investor Growth Capital
  • Michael J. Fox Foundation for Parkinson's Research

Other known investors1 additional known investor

  • Sangamo Therapeutics
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

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

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ceregene on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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