Plexium
Company

Last deal

$102.M

Amount

Series B

Stage

23.02.2022

Date

6

all rounds

$165.M

Total amount

General

About Company
Plexium develops a targeted protein degradation platform for finding new therapies in cancer and other diseases.

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founded date

01.01.2018

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

The company's proprietary drug discovery platform focuses on identifying novel small molecules that induce selective degradation of drug target proteins through E3 ligase mediated proteasomal degradation. Plexium's aim is to develop a wide range of monovalent target protein degraders that go beyond the limitations of PROTACs and cereblon imids, offering boundless possibilities for true drug-like protein degraders. Their pipeline includes molecular glues and monovalent degraders, with applications across various therapeutic areas such as cancer and neurodegeneration. By redirecting ligases to targets of interest or directly binding to them, Plexium's therapeutics provide an improved approach to combat cancer and inflammatory diseases.
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