Vtesse
Company

Last deal

$17M

Amount

Series A

Stage

25.07.2016

Date

2

all rounds

$42M

Total amount

date founded

Financing round

General

About Company
Vtesse is a rare disease company that develops drugs for severe and life-threatening diseases.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2014

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

Vtesse's lead compound, VTS-270, has shown promise in pre-clinical and clinical studies as a potential treatment for Niemann-Pick Disease, a rare disease that causes severe neurological symptoms and has no approved treatment. The company works collaboratively with the National Institutes of Health (NIH) to advance clinical study of VTS-270 for NPC and to conduct pre-clinical discovery and development of other novel drugs for NPC and other lysosomal storage diseases. Vtesse is led by a highly experienced management team that has been involved in the development of more than 20 approved drugs and vaccines, and is backed by a consortium of investors committed to bringing this compound through pivotal clinical trials. The company also offers information, resources, and support to patients and families affected by NPC.
Contacts
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M&A Details
1

Acquired by

Sucampo Pharmaceuticals

announced date

03.04.2017

Financials

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2
2

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$42M

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Their latest funding was raised on 25.07.2016. Their latest investor Alexandria Venture. Their latest round Series A

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Co-Investors
Investors
5
4

Number of lead investors

5

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Series A
Yes
Series A
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People

Founders
1
James McArthur
James McArthur

James McArthur

James McArthur has published and patented work in the areas of immunology, gene therapy, genetic diseases, vascular biology and oncology. He has consulted for venture capital groups and biotechnology companies in diverse therapeutic areas. Prior to joining Cydan Development, Dr. McArthur was the founding employee and Chief Scientific Officer of Synovex Co, where he was responsible for all company operations and led the development of treatments for rheumatoid arthritis and fibrotic diseases. Previously, Dr. McArthur served as Vice President of Preclinical Development for Phylogix Inc, a stem cell biology company, and was the Acting Head of Research and Principal Scientist at Cell Genesys Inc. developing gene therapeutics for the treatment of genetic diseases and cancers. In addition, Dr. McArthur was a Senior Scientist at Somatix Therapy, which was acquired by Cell Genesys. Dr. McArthur received his BSc in biochemistry and PhD in molecular oncology from McGill University in Montreal and was a postdoctoral fellow at the Massachusetts Institute of Technology in Cambridge and the University of California, Berkeley. Dr. McArthur is a member of the Friedreich’s Ataxia Research Alliance (FARA) Scientific Advisory Board.

current job

Pepgen
Pepgen

organization founded

4

James McArthur

Employee Profiles
3
James McArthur

James McArthur

Co Founder

Ben Machielse

President and CEO

Activity

Recent News
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