Cargo Therapeutics is a clinical-stage biotechnology company focused on developing the next generation of transformational CAR T-cell therapies for cancer treatment. Its mission is to outsmart cancer by impacting patients worldwide through innovative cell therapy approaches. Cargo Therapeutics aims to become a fully integrated leader in this field. It addresses the limitations of approved cell therapies by engineering CAR T-cells with genetic “cargo” designed to enhance their ability to recognize and kill cancer cells.
As of May 2024, Cargo’s cancer-focused CAR-T pipeline consisted of two candidates: 1) lead candidate CRG-022—a novel CAR T candidate targeting CD22 (a tumor antigen prevalent in B-cell malignancies), which was in a Phase II clinical trial for patients with relapsed or refractory large B-cell lymphoma (R/R LBCL) and 2) CRG-023—a tri-specific CAR-T candidate to address B-cell malignancies, which was in the investigational new drug (IND)-enabling stage. The company was also evaluating CRG-022 in patients with LBCL who had not received a CAR-T treatment before (CAR-T naïve) and in pediatric B-Cell Acute Lymphoblastic Leukemia (B-ALL) patients. Both alternative investigations for CRG-022 were in Phase I of clinical testing.
Funding and financials
Following its Nasdaq debut in November 2023 , Cargo Therapeutics raised USD 110 million in a private placement in May 2024 to support its research and clinical progress.
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