Century Therapeutics Raises $135M, Plans Q4 2026 IND for Cell Therapy
Century Therapeutics raised $135 million in a January 2026 private placement, extending its cash runway into Q1 2029. The company expects to submit an IND for its lead beta islet therapy CNTY-813 in Q4 2026, with initial clinical data anticipated in H2 2027 after six months of normoglycemia.
1. $135M Private Placement Extends Runway
In January 2026, Century Therapeutics completed an oversubscribed $135 million private placement, led by TCGX with participation from RA Capital Management, Commodore Capital and others. This financing extends the company's cash runway into the first quarter of 2029, strengthening its balance sheet for ongoing pipeline development.
2. CNTY-813 Advancing Toward IND Submission
Century is advancing its lead program, CNTY-813, through IND-enabling studies, achieving compelling preclinical results including maintenance of normoglycemia in animal models for over six months and completion of a GMP master cell bank. The company plans to submit an IND for this beta islet replacement therapy in Q4 2026 with initial clinical data anticipated in H2 2027.
3. CNTY-308 on Track for 2026 Clinical Entry
The CD19-targeted CAR-iT therapy CNTY-308, engineered with Allo-Evasion™ 5.0, has demonstrated functional comparability to primary CAR-T cells in preclinical studies and is projected to enter clinical trials in 2026, pending completion of IND-enabling activities and regulatory clearance.
4. Upcoming CARAMEL Study Data in 2026
Preliminary clinical data from the CARAMEL investigator-sponsored trial of CNTY-101 in autoimmune diseases are expected in 2026, following earlier reports of good tolerability and early signs of clinical response, which could inform further development strategies.