Biotech company spun out of Ohio State University research raises $116M in latest round

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A biotechnology company that spun out of Ohio State University research announced it raised more than $116 million in its latest financing round.

Boston-based Entrada Therapeutics Inc., which was co-founded by an OSU professor, said the investment will support treating people with multiple neuromuscular diseases, including Duchenne muscular dystrophy.

When it was founded in 2018, Entrada raised $59 million, which was the largest amount raised in an initial financing round for an OSU startup.

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Story excerpt provided by Columbus Business First.

Written by Hayleigh Colombo.

Originally published April 5, 2021.

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