Gyroscope Therapeutics Announces Sanofi Investment of Up to $60 Million
Summary
Their investment is a testament to the promise of our science and gene therapy programmes to make a difference for people with serious eye diseases,” said Khurem Farooq, Chief Executive Officer, Gyroscope. “We believe our lead investigational gene therapy, GT005, has the potential to be the first gene therapy for geographic atrophy, a devastating cause of vision loss for more than 5 million people globally, and were pleased to recently announce additional encouraging data from our ongoing Phase I/II FOCUS clinical trial.” “Gyroscope’s ambition to develop gene therapies to treat geographic atrophy, a life-altering eye disease that has no approved treatments, aligns with our mission and our focus on pushing frontiers in genomic medicine,” said Christian Mueller, Vice President, Global Head of Genomic Medicine, Sanofi. This disease affects more than 5 million people globally3,4 and can severely impact a person’s daily life as they lose the ability to drive, read and even see the faces of loved ones. Supported by leading life sciences investors and biopharmaceutical companies, Gyroscope has built a global organisation combining discovery, research, drug development, a manufacturing platform and surgical delivery capabilities. Headquartered in London with locations in Philadelphia and San Francisco, our mission is to preserve sight and fight the devastating impact of blindness.