March Biosciences is a clinical-stage biotechnology company developing MB-105, a first-in-class CD5-targeted CAR T-cell therapy for patients with relapsed or refractory CD5-positive T-cell lymphoma. These patients have limited options after failing first line standard of care therapy, and face a poor prognosis with 3-year survival rates ranging from 10–20%, depending on disease subtype. MB-105 uses a proprietary CAR construct to selectively eliminate malignant CD5-positive cells while preserving key healthy T-cell populations. In a Phase 1 clinical trial, administration of MB-105 led to multiple long term and durable complete responses and showed a favorable safety profile with limited CAR-associated toxicities. Based on these encouraging results, March initiated a multi-center Phase 2 trial in early 2025, which has begun dosing patients and aims to enroll approximately 46 patients across the United States.

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MILESTONES

Series A
Funded Q1 – 2025

TARGET CANCERS

Hemotological Cancers (Lymphoma and Leukemia)

FOCUS SECTOR

Therapeutics

WHY WE INVESTED

We invested in March Biosciences due to its potential to address a critical unmet need in the treatment of T-cell lymphomas. Our due diligence team, with deep expertise in CAR T-cell therapies, was particularly encouraged by the company’s novel approach to targeting malignant cells while limiting impact on healthy T-cells. Early clinical data reinforced confidence in the therapy’s safety and potential effectiveness.

In addition, the company’s recent funding round, which attracted strong interest from leading institutional investors, offered our community a rare opportunity to participate in a highly competitive raise.