Last deal

$12M

Amount

Series C

Stage

06.08.2019

Date

4

all rounds

$90M

Total amount

General

About Company
Cleave Therapeutics develops oncology pharmaceuticals that target neurodegeneration and cancer cell pathways.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Cleave Biosciences

founded date

01.01.2010

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

The company focuses on valosin-containing protein (VCP)/p97 as a novel target in protein homeostasis and cellular stress pathways for therapeutic use in cancer and neurodegenerative diseases. They collaborate with the National Cancer Institute and leading academic institutions to advance VCP/p97 inhibitors for cancer and neurodegenerative disease. Their lead drug development candidate, CB-5339, is a potent, oral, selective, second-generation inhibitor of VCP/p97, which addresses the limitations of earlier compounds, and they are launching a Phase 1 clinical study in acute myeloid leukemia (AML).