Photys Therapeutics

Photys Therapeutics

A proprietary chimeric small molecules platform company, developing a new class of medicines for precise control of protein function. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€273—409m (Dealroom.co estimates Sep 2022.)
Cambridge Massachusetts (HQ)
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Photys Therapeutics is a biotech startup that operates in the pharmaceutical industry, focusing on the development of bifunctional small molecules. These molecules are designed to control protein post-translational modifications, a process that can restore protein function, repair signaling, and amplify the body's natural disease-fighting mechanisms. This innovative approach goes beyond traditional degradation methods, offering a new way to tackle diseases at a molecular level.

The company was co-founded by Amit Choudhary, a leading bifunctional chemist from the Broad Institute, and the Longwood Fund. It also boasts a scientific advisory board composed of esteemed scientists and drug developers from institutions such as MIT, Salk, Berkeley, MPM, and Dana Farber.

Photys Therapeutics' primary product is Phosphorylation-Inducing Chimeric Small Molecules (PHICS). These molecules are designed to precisely modulate and repair disease-driving proteins, offering a potential breakthrough in the treatment of various diseases.

The company recently secured $75 million in Series A funding, indicating strong investor confidence in its business model and scientific approach. This funding will be used to advance the development and testing of its bifunctional molecules.

Photys Therapeutics operates on a business model common in the biotech industry. It invests in research and development to create innovative pharmaceutical products. Once these products are approved for use, the company generates revenue by selling them to healthcare providers and patients.

Keywords: Biotech, Pharmaceuticals, Bifunctional Small Molecules, Protein Post-Translational Modifications, Disease-Fighting Mechanisms, Phosphorylation-Inducing Chimeric Small Molecules, Research and Development, Series A Funding, Healthcare Providers, Patients.

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