Lycia Therapeutics raised $106M in a Series C financing led by Venrock Healthcare Capital Partners for the development of lysosomal targeting chimeras (lytacs) to treat autoimmune and inflammatory diseases.
Lycia Therapeutics raised $106M in a Series C financing led by Venrock Healthcare Capital Partners for the development of lysosomal targeting chimeras (lytacs) to treat autoimmune and inflammatory diseases.
05/13/24, 11:07 AM
Location
Money raised
$106 million
Industry
biotechnology
Round Type
series c
Investors
Franklin Templeton, Marshall Wace, Janus Henderson Investors, Venrock Healthcare Capital Partners
Lycia Therapeutics, a startup based in South San Francisco, raised $106 million in a Series C financing led by Venrock Healthcare Capital Partners. The funding will advance the research and development of lysosomal targeting chimeras (lytacs) aimed at treating autoimmune and inflammatory diseases.
Company Info
Location
681 gateway blvd. 3rd floor
san francisco, california, united states
Additional Info
Lycia is a Series B biotech company building upon the novel platform developed by academic founder Professor Carolyn Bertozzi at Stanford University to develop LYTAC (lysosomal targeting chimera) protein degraders that harness the cell’s lysosomal trafficking and degradation pathway to target both soluble and membrane-bound extracellular proteins. Applications of the LYTAC platform include: targeting challenging membrane proteins, clearing pathogenic immune complexes in circulation and depleting antibodies to specific antigens of interest. The platform can potentially deliver next-generation therapeutics to address a range of difficult-to-treat diseases, including cancer and autoimmune diseases.