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Graphite Bio
A next-generation gene editing company focused on fixing genes through targeted DNA integration to cure serious diseases
About Graphite Bio
Graphite Bio emerged in 2017 as a clinical-stage gene-editing company, co-founded by Matthew Porteus and Maria Grazia Roncarolo. The company was established to advance the development of next-generation therapies for serious diseases, building upon foundational work from Stanford University. The founders brought extensive experience in gene editing and cell therapy to the venture; Dr. Porteus is a pioneer in the field of genome editing for therapeutic applications, and Dr. Roncarolo is a recognized expert in stem cell biology and immunology. This combined expertise formed the scientific bedrock of the company's mission to correct genetic defects at their source.
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The company's core focus was the development of a proprietary platform, Ultra-HDR™, designed for high-efficiency, targeted gene integration. This technology aimed to replace entire disease-causing genes with normal genes, a precise approach intended to offer curative treatments for a range of genetic disorders. Graphite Bio's initial therapeutic target was sickle cell disease (SCD), a severe inherited blood disorder. Their lead product candidate, GPH101 (later renamed nulabeglogene autogedtemcel or nula-cel), was engineered to directly correct the mutation in the beta-globin gene responsible for SCD and restore normal adult hemoglobin expression. The business model centered on advancing this and other pipeline candidates through clinical trials, with the ultimate goal of commercialization and generating revenue through the sale of approved therapies. Its primary market was patients suffering from monogenic diseases with high unmet medical needs.
In a significant milestone, Graphite Bio completed its initial public offering (IPO) in June 2021, raising substantial capital to fund its research and development activities. The company's lead program for sickle cell disease, nula-cel, progressed into a Phase 1/2 clinical trial called CEDAR. However, the program encountered a significant setback in early 2023 when it was placed on a voluntary clinical hold following a serious adverse event in the first patient dosed. After a strategic review, the company announced in February 2023 its decision to discontinue the nula-cel program and explore a reverse merger. This led to an agreement to merge with LENZ Therapeutics in November 2023, shifting the combined entity's focus to ophthalmology. As part of the transition, Graphite Bio underwent a significant workforce reduction and initiated wind-down activities for its legacy gene-editing programs. Keywords: gene editing, cell therapy, sickle cell disease, gene correction, hematopoietic stem cells, Ultra-HDR, clinical-stage, biotechnology, reverse merger, nula-cel
At a glance
- Status
- Acquired
- Founded
- 2020
- Headquarters
- San Francisco, United States
- Employees
- 2
- Open positions
- None listed
- Dealroom signal
- 61.7/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Biotechnology, Genetics and genomics, Synthetic Biology, Crispr, Spinout, Biotech and Pharma, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 1 company, latest Dec 2023
- Capital deployed
- $0
- Preferred round
- EARLY VC
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Mar 2024 | $0 | — | LENZ Therapeutics | ↗ |
| IPOOther financing | Jun 2021 | $238M | $927M | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Graphite Bio is 80 monthly website visits, down 95.8% over the last three months. Graphite Bio's team declined 95.6% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A14 investors entered at this stage
Versant Ventures
Samsara BioCapital
RA Capital Management
Rock Springs Capital
Fidelity InvestmentsJanus Henderson Investors
Perceptive Advisors
Federated Hermes
Venrock
OrbiMed
Citadel
Deerfield
Cormorant Asset Management
Logos Capital
Other known investors2 additional known investors
LENZ Therapeutics
Stanford University
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Graphite Bio on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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