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Leading Cancer Research Centers Team Up To Launch Biotech Startup Focused On Cancer Immunotherapy
Date:12/3/2013

NEW YORK and SEATTLE, Dec. 4, 2013 /PRNewswire-USNewswire/ -- The Fred Hutchinson Cancer Research Center (Fred Hutch) and Memorial Sloan-Kettering Cancer Center (MSKCC), along with pediatric partner Seattle Children's Research Institute, have joined forces to launch Juno Therapeutics Inc., a new biotechnology company focused on bringing forward novel immunotherapies for cancer.

(Logo:  http://photos.prnewswire.com/prnh/20131204/DC27242LOGO)

Juno is being launched with an initial investment of $120M, making it one of the largest Series A biotech startups in history. Initial investors include leading technology venture capital firm ARCH Venture Partners and the Alaska Permanent Fund, through a partnership managed by Crestline Investors. Chief Executive Officer Hans Bishop, a longtime biotech industry veteran, will lead the company.

Commenting on the launch of Juno, Larry Corey, M.D., president and director of Fred Hutch, said, "The longtime research investment that centers like the Fred Hutchinson Cancer Research Center and Memorial Sloan-Kettering have had in tumor immunology has allowed us to progress to where we feel we can genetically engineer smart T cells to eradicate malignant cancer cells and provide meaningful clinical remissions. Joining together allows us to bring some of the world's most accomplished immunotherapy researchers to catalyze this field."

Jose Baselga, M.D., Ph.D., physician-in-chief at MSKCC, said, "Based on the significant anti-tumor activity seen with this T-cell engineering technology, we are pursuing an aggressive and comprehensive clinical development plan to accelerate achievement of regulatory requirements and make this the
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SOURCE Juno Therapeutics Inc.
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