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LifeMine Therapeutics

LifeMine Therapeutics

A therapeutics company founded in 2016 working in drug discovery and development using fungi. LifeMine uses genomics approaches to search for biosynthetic genes in eukaryotic microbes for the discovery of naturally inspired drugs to treat previously untreatable and significant chronic diseases.

LifeMine operates in Cambridge and Manhattan, New York and was founded in 2016 by Greg Verdine. LifeMine as of 2017 was the first company to massively scale the genomic discovery of new drugs from eukaryotic microbes by using genomics, artificial intelligence and synthetic biology in combination. According to co-founder and CEO Gregory Verdine, the fungal biosphere holds promise for medical treatments in bioactive small molecules that engage human targets but the process of discovery has been time-consuming. LifeMine’s discovery engine is accelerating the discovery process.

Verdine is Erving Professor at Harvard University and Harvard Medical School, a chemical biologist, and founded several biotech companies including FogPharma, Variagenics, Enanta, Eleven Bio, Tokai, Wave Life Sciences, Aileron and Gloucester Pharmaceuticals which was acquired by Celgene.

Funding
Series A

On September 18, 2017 LifeMine Therapeutics completed their series A funding round with $55 million in funding from WuXi Healthcare Ventures (lead investor), Merck & Co., Inc., GV, Foresite Capital, Boyu Capital, Blue Pool Capital, Alexandria Venture Investments, and ARCH Venture Partners.

Timeline

January 2021
LifeMine Therapeutics raises a $50,000,000 series B round from Milky Way Investments and Rick Klausner.
September 2017
LifeMine Therapeutics raises a $55,000,000 series A round from Blue Pool Capital, Boyu Capital, Foresite Capital, Purple Arch Ventures and WuXi Healthcare Ventures.
2016
LifeMine Therapeutics was founded by Greg Verdine, Richard Klausner and WeiQing Zhou .

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

LifeMine Therapeutics combines AI, drug discovery & microbes with $55m launch

Sarah Faulkner

Web

References

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