ElevateBio LLC Chairman and CEO David Hallal said when the company unveiled its hub-and-spoke model for cell and gene therapy development, manufacturing and commercialization that it would reveal the first spokes in its hub in the coming weeks and months. Nine days later, on 22 May, ElevateBio announced its affiliation with AlloVir, as well as a $120m series B venture capital round for the virus-specific T-cell therapy developer formerly known as ViraCyte LLC.
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