Theseus Pharmaceuticals, Inc.

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Theseus Pharmaceuticals, Inc. - overview

Established

2017

Location

Cambridge, MA, US

Primary Industry

Biotechnology

About

Based in New York, US, and founded in 2017, Theseus Pharmaceuticals, Inc. , is a biotechnology company designed to develop pan-variant kinase inhibitors. Victor Rivera, David Dalgarno, Wei-Sheng Huang, and William Shakesphere are the co-founders, and Tim Clackson is the President and CEO of the company as of 2021. In April 2021, Theseus Pharmaceuticals, Inc.


raised USD 100 million in series B funding from investors including Foresite Capital, Adage Capital Management, Boxer Capital, Farallon Capital Management, Longitude Capital, and more. In October 2021, the firm became a publicly listed company on the Nasdaq under the ticker symbol THRX. In December 2023, Theseus Pharmaceuticals, Inc. , a portfolio company of Adage Capital Management, Farallon Capital Management, Foresite Capital, OrbiMed Advisors, Nextech, Omega Funds, Pontifax Venture Capital, Rock Springs Capital and T Rowe Price  agreed to merge into Concentra, Inc.


, a portfolio company of Cressey & Company, Welsh, Carson, Anderson & Stowe, Select Medical Corporation. The company focuses on the research and development of medicines designed to predict and block treatment-resistant cancer mutations, as well as the treatment of refractory GIST, helping the healthcare industry to address cancer resistance concerns. THE-630, a next-generation pan-variant KIT inhibitor under research by Theseus Pharmaceuticals for the treatment of refractory GIST, is a next-generation pan-variant KIT inhibitor in development. Theseus' pipeline also provides a targeted EGFR inhibitor to treat patients with non-small cell lung cancer who have C797S-mediated resistance to osimertinib in the first or second line.


Theseus is developing tyrosine kinase inhibitors (TKIs) for targeted therapies that address all major drug resistance mutations and a fourth-generation, selective epidermal growth factor receptor (EGFR) inhibitor for C797S-mediated resistance to first- or second-line osimertinib treatment in patients with non-small cell lung cancer (NSCLC).


Current Investors

Concentra, Inc., OrbiMed Advisors, T Rowe Price

Primary Industry

Biotechnology

Sub Industries

Biopharmaceuticals, Molecular Science, Genetics & Gene Therapy, Oncology/Cancer Treatment, Pharmaceutical Research & Development, Specialty Pharmaceuticals

Website

www.theseusrx.com

Company Stage

Merged

Total Amount Raised

Subscriber access only

Theseus Pharmaceuticals, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
MergerCompletedTheseus Pharmaceuticals, Inc.-

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