The firm will use the funding to advance ongoing clinical trials of its autologous cell therapies for solid tumors.

The firm said it struck a three-year licensing deal with a top pharmaceutical company that will use the data to advance GLP-1 receptor agonist research.

These moves will enable the gene-editing company to focus resources on late-stage programs as it aims to launch a commercial product by 2027, it said.

The institute originally began reviewing Lynparza in this setting in 2018 but ended its review due to lack of evidence.