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Character Bio

Biopharmaceutical R&D using genetics-driven aging therapies

Overview

Clover Therapeutics focuses on developing medicines for aging-related diseases by integrating genetic data with longitudinal clinical records. It does this by forming multidisciplinary partnerships to collect and analyze clinical data, then using these insights to accelerate the creation of targeted medicines designed to treat specific aging-related conditions. The company differentiates itself through its data-driven collaboration model that combines genetics, clinical data, and healthcare workflow, including partnerships with biopharmaceuticals and its affiliation with Clover Health to curate valuable data. Its goal is to make clinical research a rigorous, ethical, and seamless part of healthcare, ultimately improving patient outcomes by delivering targeted therapies for aging-related diseases.

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About Character Bio

Simplify's Rating
Why Character Bio is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsBiotechnologyHealthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$151.5M

Headquarters

Clifton, NJ

Founded

2019

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Simplify's take

What believers are saying

  • Character Biosciences presented at Stifel and Piper Sandler on November 10, 2026.
  • The 2025 Series B extension lifted total funding above $110 million.
  • CTx114 and CTX203 advance toward phase 1 and 2 trials within twelve months.

What critics are saying

  • CTX114 and CTX203 remain clinical-stage, so 2027 readouts determine enterprise value.
  • Apellis' Syfovre and Astellas' Izervay already dominate geographic atrophy treatment.
  • Failure in AMD would strand Character Bio's platform and collapse Bausch + Lomb milestones.

What makes Character Bio unique

  • Character Arc integrates longitudinal records, retinal imaging, genetics, and biology across thousands of patients.
  • Clover Health spinout history gives Character Biosciences proprietary clinical data and payer workflow access.
  • Bausch + Lomb partnership adds ophthalmology commercialization credibility and annual research funding.

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Funding

Total Funding

$151.5M

Above

Industry Average

Funded Over

5 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
$45M
$65M
$100M

Growth & Insights and Company News

6 month growth

3%

1 year growth

-1%

2 year growth

-1%
Intelligence360 News
Oct 7th, 2025
Character Biosciences Raises $19.65M Funding

Character Biosciences has filed a notice with the SEC for an exempt offering to raise $19.65 million in new funding. This filing is required under federal securities law for companies selling securities without registration under certain exemptions.

Ophthalmology Times
Sep 21st, 2025
Character Biosciences expands leadership team, secures additional Series B financing | Ophthalmology Times - Clinical Insights for Eye Specialists

Character Biosciences enhances its leadership team and secures $93 million in Series B funding to advance treatments for degenerative eye diseases.

VCNewsDaily
Sep 17th, 2025
Character Biosciences Secures $17M Series B

Character Biosciences, a precision medicine company, announced an expansion of its Series B financing with an additional $17 million.

Citybiz
Sep 17th, 2025
Character Biosciences Raises $110M, Expands Team

Character Biosciences announced the expansion of its leadership team with four senior appointments and an extension of its Series B financing, raising total capital to over $110 million. The funding, with participation from Sanofi Ventures and others, will advance the clinical development of CTX114 and CTX203 for geographic atrophy and age-related macular degeneration. New executives include Robert Kim, M.D., MBA as CMO, and Daniel Elgort, Ph.D. as Chief Data & Analytics Officer.

FinSMEs
Mar 25th, 2025
Character Biosciences Raises $93M in Series B Funding

Character Biosciences, a Jersey City, N.J.-based precision medicine company improving drug development for polygenic diseases, raised $93M in Series B funding

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