Square 1 Bank, a division of Pacific Western Bank, provided a $15 million credit facility to new client Unum Therapeutics, a clinical stage biopharmaceutical company developing cellular immunotherapies for the treatment of many different cancers. The facility will provide access to growth capital to support strategic initiatives and general corporate purposes.

Cambridge, MA-based Unum develops combination cancer therapies using recent advances in T-cell engineering and antibody therapeutics. Unlike other cellular immunotherapy approaches, Unum’s proprietary Antibody-Coupled T-Cell Receptor (ACTR) may be used in combination with a variety of cancer-specific antibodies to treat different cancer types.

“With our universal ACTR T-cell technology we can rapidly develop cell therapies against multiple targets,” said Christiana Stamoulis, chief financial officer and head of corporate development of Unum Therapeutics. “Square 1 was able to provide Unum a non-dilutive funding option to accelerate the pursuit of a plethora of opportunities that we can tackle with our technology.”

“Unum is developing a universal ACTR therapy that addresses the limitations of other T-cell immunotherapy approaches,” added Scott Hansen, senior vice president in Square 1’s life sciences practice. “We are thrilled to work with the company’s world-class team and support their vision to develop a single cell therapy approach that can be applied to the treatment of numerous cancers.”