ST. PAUL, Minn.--(BUSINESS WIRE)--Recombinetics (RCI), a St. Paul-based global biotechnology leader in
precision gene-editing of animals for lifesaving human therapeutics and
healthier, safer, more abundant food supplies announced the successful
close of its recent $10 million common stock offering. The Company’s
equity, offered at $5 per share, was oversubscribed by investors and
closed at more than $11 million. To date, Recombinetics has raised over
$24 million in private investments.
Recombinetics has engaged Capitol Peak Asset Management, LLC (“Capitol
Peak”) to advise it on future capitalization and strategic transactions.
Capitol Peak is a trusted partner to transformational companies and
projects that solve global challenges, from agriculture and human health
to critical infrastructure. An authority on finance and risk
intelligence, Capitol Peak is also the manager of the $10 Billion Rural
Infrastructure Opportunity Fund, a public/private partnership involving
USDA and CoBank.
“Recombinetics is a recognized leader in the development and deployment
of gene-editing technologies to advance human health and animal welfare.
Capitol Peak is thrilled and privileged to be RCI’s advisor and partner
as the company continues to commercialize transformative gene-editing
capabilities across biomedicine, regenerative medicine and agriculture.
Amazing things happen when world-class scientists, experienced
executives, and an ecosystem of leading hospitals, companies and
agricultural producers work together for a common good,” said Leo M.
Tilman, executive chairman of Capitol Peak.
Recombinetics’ global patent portfolio includes 11 issued patents and
more than 150 additional applications filed – with first use and
enabling patents for livestock for both CRISPR and TALENs. Other key
The world’s first sale of gene-edited pig models to a globally
recognized medical clinic for use in human cardiac therapeutics
Global rights for TALENs as a principal tool for gene-editing in large
animals to facilitate human biomedical research, regenerative
medicine, and enhanced animal welfare and food production;
Substantial intellectual property in advanced reproductive physiology.
About Recombinetics: Founded in 2008, Recombinetics (RCI) is the
premier gene-editing company in livestock, with applications in
therapeutic development and testing, and in animal breeding and care.
RCI develops precise swine models of patient congenital and progressive
diseases, including neurodegenerative diseases, heart disease, diabetes,
and cancer. The use of RCI’s proprietary pig models is facilitating more
rapid commercialization of safe and effective drugs and medical devices,
with lower costs.
RCI is also adding value to animal agriculture, accelerating the
addition of genetically preferable traits that enhance productivity
while improving animal health and welfare. Learn more at Recombinetics.com.