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In Fate's hands: startup raises $22.5m, readies clinical trial.

Publication: San Diego Business Journal
Publication Date: 23-FEB-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: In Fate's hands: startup raises $22.5m, readies clinical trial.(Fate Therapeutics)

Article Excerpt
At a time when many biotechs are scraping for cash, one local startup is preparing to enter the clinic with $22.5 million raised.

Fate Therapeutics, named for its unique approach to controlling the destiny of the body's adult stem cells, came onto the scene in 2007, a record year for biotechnology investment and a momentous time in stem cell research.

Perhaps not so unlike its name, Fate has assembled a team of internationally recognized scientists from Harvard University, Stanford University, The Scripps Research Institute and University of Washington who formed a company because many had collaborated on past projects.

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"We have a common interest in using small molecules to regulate stem cells," said Sheng Ding, Fate's co-founder and associate...

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