Adnexus Therapeutics
AcquiredPioneering Adnectin therapeutics based on human fibronectin.
Waltham, United States · Founded 2003 · $42.5M raised
- Headquarters
- Waltham, Massachusetts
- Employees
- 1–10
- Founded
- 2003
- Business Model
- B2B
- Website
- adnexus.com
- Total Funding
- $42.5M
- Last Round
- $15.5M Series CAug 2007
- Rounds
- 2
- Acquired by
- Bristol-Myers Squibb CompanySep 2007 · $430.0M
About
Adnexus Therapeutics, founded in 2003 and headquartered in Waltham, Massachusetts, was a biopharmaceutical company that pioneered Adnectin therapeutics — engineered variants of the tenth type III domain of human fibronectin. Adnectins were designed as a new protein scaffold platform to generate highly potent, specific, and stable therapeutic agents with favorable half-life and high-yield E. coli production. The company's lead oncology compound, CT-322, was an Adnectin inhibitor of vascular endothelial growth factor receptor-2 (VEGFR-2) developed as an anti-angiogenic cancer therapy. Adnexus was founded by Flagship Pioneering (then Flagship Ventures) and acquired by Bristol-Myers Squibb in September 2007 for approximately $430 million, making it one of the largest biotech acquisitions of that year.
Summary
Adnexus Therapeutics is a Biotech company based in Waltham, United States, founded in 2003. It has raised $42.5M in total across 2 rounds, most recently a $15.5M Series C round in Aug 2007. Investors include Bristol Myers Squibb, HBM BioVentures and Venrock.
Funding History
Sep 2007
Sign up to see all 3 rounds
Series B through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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