Press Release

Immuto Scientific Announces $8M Seed 2 Financing and Daiichi Sankyo Collaboration to Uncover a New Class of Therapeutic Targets with Structural Surfaceomics

Immuto Scientific unveils collaboration with Daiichi Sankyo to identify cancerโ€‘specific cellโ€‘surface targets

MADISON, Wis. & CAMBRIDGE, Mass.–(BUSINESS WIRE)–#biotech–Immuto Scientific announced today the closing of an oversubscribed $8 million Seed 2 financing round and a drug discovery collaboration with Daiichi Sankyo, a global pharmaceutical company. Immuto Scientific is applying its AI-enabled structural surfaceomics platform to a new approach in drug discovery. Backed by the financing, the company will advance its internal oncology pipeline toward IND-enabling studies and extend the platform into additional areas such as immunology and inflammation.


โ€œThe greatest challenge in drug discovery today is not the lack of modalities; itโ€™s the shortage of truly novel, diseaseโ€‘specific targets,โ€ said Faraz A. Choudhury, Ph.D., coโ€‘founder and CEO of Immuto Scientific. โ€œThe vast majority of drug targets overlap with healthy tissues, which drives toxicity and narrow therapeutic windows. Our dataโ€‘driven platform reveals a hidden dimension of the cell surfaceome that conventional omics approaches cannot see, opening new therapeutic opportunities across cancer and other diseases.โ€

For its first drug discovery collaboration, Immuto will work with Daiichi Sankyo Research Institute Boston to discover new targets in solid tumors using its proprietary structural surfaceomics platform and to develop antibodies against these targets. Under the terms of the agreement, Daiichi Sankyo holds an option to license resulting assets. Financial terms were not disclosed.

โ€œOur collaboration with Daiichi Sankyo underscores how exploring the structural conformations of cellโ€‘surface proteins represents an untapped frontier in drug discovery,โ€ said Dan Benjamin, Chief Technology Officer of Immuto Scientific. โ€œBy targeting cancerโ€‘specific surface structures, we have the opportunity to develop firstโ€‘inโ€‘class therapies with truly differentiated precision and selectivity.โ€

Building on its success collaborating with pharmaceutical and biotechnology partners in highโ€‘resolution structural proteomics, Immuto applies its target discovery platform and structural epitopeโ€‘mapping engine to identify diseaseโ€‘specific surface protein conformations that are invisible to other omics approaches, unlocking highly selective, novel therapeutic targets. The platform integrates highโ€‘resolution structural proteomics, liveโ€‘cell protein structural assessment, and advanced AIโ€‘enabled analytics to interrogate conformational differences across thousands of proteins simultaneouslyโ€”even in heterogeneous, patientโ€‘derived samples.

By identifying epitopes specific to disease states, the platform enables discovery of firstโ€‘inโ€‘class targets ideally suited to highly diseaseโ€‘specific modalities, providing opportunities for improved therapeutic indices and translational success. Immuto has demonstrated target identification in multiple tumor types and is advancing its lead program through in vivo studies.

โ€œImmuto Scientificโ€™s approach is highly differentiated, creating and leveraging data that no other group in the world has,โ€ said Spencer Maughan, Founder and Managing Partner, DYDX. โ€œThe company is driving a stepโ€‘change in predictive protein structure based on its data and AI engine. This opens a new world of targets for muchโ€‘needed therapies with exceptional specificity. We are excited to be partnering with Immuto and believe the company will be a key part of the new era of dataโ€‘driven drug discovery.โ€

The financing was led by DYDX, a venture fund investing in the Data SuperCycle, with participation from WARF Ventures, Gravity Fund, Great Oaks Venture Capital, among others.

About Immuto Scientific

Immuto Scientific is redefining the landscape of target discovery by revealing the structural fingerprints of disease. Through its therapeutic discovery arm, Immuto is discovering and developing firstโ€‘inโ€‘class therapeutics that target structural changes in cellโ€‘surface proteins unique to disease. Powered by its AIโ€‘enabled target discovery and epitopeโ€‘identification platforms, Immuto discovers novel, targetable surface protein conformations (SPCs) from patientโ€‘derived samples, driving the development of safer, more precise therapies. With its diseaseโ€‘agnostic platform, Immuto is building a differentiated pipeline with an initial focus on oncology. For more information, visit www.immutotherapeutics.com.

Contacts

Company: Hetal Marble, Chief Business Officer, Immuto Scientific, [email protected]

Media: Jessica Yingling, Ph.D., Little Dog Communications Inc., [email protected]

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