Forty Seven, Inc., which was acquired by Gilead Sciences for $4.9B on April 7, 2020, is developing cancer immunotherapies targeting the CD47-SIRP-alpha pathway. CIRM funded the preclinical and early clinical development of the lead anti-CD47 antibody candidate at Stanford and subsequently funded two Forty Seven clinical trials.

jCyte is a Newport Beach company developing a human retinal progenitor cell therapy aimed at treating retinitis pigmentosa. CIRM has funded previous preclinical development and ongoing clinical studies for this therapy. On May 8th, 2020, jCyte entered an ex-US licensing and commercialization agreement with Santen Pharmaceutical and will receive up to $252M, which includes $62M in up-front cash.