Proteolix
Company

Last deal

$79M

Amount

Series C

Stage

08.09.2008

Date

3

all rounds

$142.3M

Total amount

date founded

Financing round

General

About Company
Onyx Pharmaceuticals develops and sells innovative cancer therapies and treatments for diseases.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2003

Operating Status

Closed (01.01.2009)

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

The company's lead product is a highly specific proteasome inhibitor used to evaluate safety and efficacy in multiple myeloma and other malignancies. Onyx Pharmaceuticals is also developing a pipeline of novel proteasome inhibitors, including an oral proteasome inhibitor and a selective immunoproteasome inhibitor, to treat certain hematologic cancers.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Acquired by

Onyx Pharmaceuticals

announced date

12.10.2009

Financials

Funding Rounds
3
3

Number of Funding Rounds

$142.3M

Money Raised

Their latest funding was raised on 08.09.2008. Their latest investor Delphi Ventures. Their latest round Series C

Date 
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Investors 
Money Raised 
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01.12.2003
$18.3M
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Number of investors

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Yes
Series B, Series C
No
Series C
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People

Founders
5
Ray Deshaies
Ray Deshaies

Ray Deshaies

Ray Deshais Dr. Deshaies is Professor and Executive Officer of Biology at the California Institute of Technology and an Investigator of the Howard Hughes Medical Institute. His career has focused on investigating the cellular machinery that mediates protein degradation by the ubiquitin-proteasome system (UPS), and how this machinery regulates cell division. Dr. Deshaies is a leading figure in the ubiquitin field and has published over 100 papers and is an inventor on nine issued U.S. patents, many related to his work on the UPS. For more about his work, visit his website. Dr. Deshaies has received numerous awards and scholarships, including Markey and Searle Scholar Awards and Burroughs-Wellcome and Beckman New Investigator Awards, in 1999 was selected as Young Investigator of the Year by the American Society for Cell Biology and in 2011 was elected to the American Academy of Arts and Sciences. In addition to being a co-founder of Cleave Biosciences (cleavebio.com), Dr. Deshaies was the academic co-founder of Proteolix, which was sold in October 2009 to Onyx in a deal valued at up to $851 million. He received a BS in Biochemistry from Cornell University, and his PhD in Biochemistry from the University of California, Berkeley.

current job

Caltech
Caltech

organization founded

2

Ray Deshaies

Dean Grad

current job

Proteolix
Proteolix

Dean Grad

Phil Whitcome

current job

Proteolix
Proteolix

Phil Whitcome

Jeffery W. Kelly

current job

Proteolix
Proteolix

Jeffery W. Kelly

Employee Profiles
18

Jeffery W. Kelly

Founder

Matt Ferguson

Matt Ferguson

CFO

Dean Grad

Founder

Phil Whitcome

Founder

Joshua Brumm

Joshua Brumm

Director of Finance

Susan M. Molineaux

Susan M. Molineaux

President & Chief Executive Officer

Lori Kunkel

Lori Kunkel

Team Member

Ray Deshaies

Ray Deshaies

Founder

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