Palleon Pharma

Pioneering next-generation autoimmune and cancer medicines through glycobiology

Waltham, United States · Founded 2016 · $147.6M raised

Employees
11–50
Founded
2016
Business Model
B2B
Total Funding
$147.6M
Last Round
$100.0M Series BSep 2020
Rounds
2

About

Palleon Pharmaceuticals is a clinical-stage biotechnology company pioneering a new class of medicines — glycoimmune checkpoint inhibitors — that target the Siglec/sialoglycan axis to treat cancer and autoimmune diseases. The company was co-founded by Nobel laureate Dr. Carolyn Bertozzi (Stanford) and glycoimmunology pioneer Dr. Paul Crocker (University of Dundee) alongside CEO Jim Broderick, an experienced biotech entrepreneur. Palleon's proprietary platforms (EAGLE, CONVERGENCE, and HYDRA) represent a novel biological layer distinct from existing PD-1/CTLA-4 checkpoint therapies, addressing tumors and autoimmune conditions where current treatments have failed. The company has raised $147 million since inception and is headquartered in Waltham, Massachusetts.

Summary

Palleon Pharma is a Biotech company based in Waltham, United States, founded in 2016. It has raised $147.6M in total across 2 rounds, most recently a $100.0M Series B round in Sep 2020. Investors include Matrix Capital Management, SR One and Pfizer Ventures.

Tech & App Stack

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Funding History

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Series BSeries BSep 2020
$100.0M

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Series A through Series B — per-round amounts, valuations, and who invested in each round.

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