The Biotech Startup Class of 2013: Don’t Worry, It’s a Short List

much smaller tranches of financing when I checked their filings in the SEC’s EDGAR database.

And to be sure, I am hearing promises that the list will grow with a few more newsworthy biotech startup financings before Christmas. If these things materialize, I will update this chart in coming weeks so that it can serve as a reference for all of 2013.

Lastly, I should note that when I scrubbed through the Thomson Reuters data on first-time financings, I was struck by how inflated the reported number of 102 first-time financings appears to be. Several of the companies counted shouldn’t qualify for a variety of reasons. Either it wasn’t their first financing, the first financing was much smaller than reported, or the company isn’t even a true life sciences entity. My review eliminated seven of the 32 biggest financings (22 percent), and I didn’t even bother to go really deep into the weeds of the $1 million financings.

With that, here are the 45 members of the “newsworthy” biotech startup class of 2013. As always, if I’ve overlooked any companies that meet the selection criteria, please let me know at [email protected] or @ldtimmerman on Twitter and I’ll be sure to update the chart.

Company Location What does it do? Who invested? Amount Source
Precision for Medicine Bethesda, MD Drug development services J.H. Whitney, Oak Investment Partners $150m Thomson Reuters
Juno Therapeutics Seattle Cancer immunotherapy Arch Venture Partners, Alaska Permanent Fund $120m Xconomy reporting (updated 12/4/13)
Spark Therapeutics Philadelphia Gene Therapy Children’s Hospital of Philadelphia $50m Press release (updated 12/13/13)
Jounce Therapeutics Cambridge, MA Cancer immunotherapy Third Rock Ventures $47m (likely smaller b Thomson Reuters
Editas Medicine Cambridge, MA Gene editing Polaris Partners, Third Rock Ventures, Flagship Ventures $43m Xconomy reporting (11/25/13)
GenSight Biologics Paris, France Gene therapy for ophthalmology Novartis Venture Fund, Abingworth, Versant Ventures, Index Ventures $41.3m press release
ObsEva Geneva, Switzerland Drugs for pre-term labor Sofinnova Partners, Sofinnova Ventures, Novo A/S, MS Ventures $34.5m press release
Audentes Therapeutics San Francisco Gene therapy for rare diseases OrbiMed Advisors, 5AM Ventures, Versant Ventures $30m Thomson Reuters
Seragon Pharmaceuticals San Diego Cancer drugs venBio, Topspin Fund, Aisling Capital, OrbiMed Advisors, The Column Group $30m Thomson Reuters
Pulmocide London Inhaled therapies for respiratory diseases Imperial Innovations, SV Life Sciences, Fidelity Biosciences, Johnson & Johnson $27.4m BioCentury
Cydan Cambridge, MA Orphan drug startups NEA, Pfizer Venture Investments, Alexandria Venture Investments, Lundbeckfond Ventures, Bay City Capital $26m press release
Envisia Therapeutics Research Triangle Park, NC Polymer drug delivery Canaan Partners, NEA, Pappas Ventures, Morningside Technology Ventures, Wakefield Group. $25m press release
Apexigen Burlingame, CA Antibody drug development for cancer, inflammation Amkey Ventures, WSR Capital, China Development Industrial Bank, Themes Investment Partners, and Sycamore Ventures. $20m Xconomy reporting (updated 12:45 pm PT)
Armo Therapeutics Redwood City, CAs Cancer immunotherapy, fibrosis, cardiovascular disease Kleiner Perkins Caufield & Byers, OrbiMed Advisors, DAG Ventures $20m Xconomy reporting 11/25/13)
BioClin Therapeutics San Ramon, CA Antibody drug for a rare genetic orphan disease (not disclosed) and cancer Novo A/S $20m Xconomy reporting (updated 12:30 pm PT 11/19)
Allecra Therapeutics Lorrach, Germany Antibiotics Edmond de Rothschild Investment Partners, Forbion Capital Partners, EMBL Ventures $19.6m press release
Solstice Biologics San Francisco RNA interference venBio, Aeris Capital $18m press release
Effector Therapeutics San Diego Cancer drugs U.S. Venture Partners, Abingworth, Novartis Venture Funds, SR One, Astellas Venture Management, Osage University Partners and Mission Bay Capital $17.4m (press release says $45m) Thomson Reuters
Sideris Pharmaceuticals
Boston Iron-chelating drug MPM Capital, Osage University Partners, Hatteras Venture Partners, Novartis $17m SEC filing (updated 10:45 am ET)
Allergen Research Corp. San Mateo, CA Oral immunotherapy for peanet allergies Longitude Capital, Food Allergy Research and Education $17m press release
Biodesy Burlingame, CA Real-time analysis of protein function 5AM Ventures, Pfizer Venture Investments and Roche Venture Fund. $15m press release
Tacurion Pharma New York Drug for frequent urination at night InterWest Partners, Sutter Hill Ventures and Astellas Venture Management $15m Thomson Reuters
NextCode Health Cambridge, MA Genomic data interpretation/diagnosis Arch Venture Partners, Polaris Partners $15m press release
Arvinas New Haven, CT Drug development Canaan Partners, 5AM Ventures, Connecticut Innovations and Elm Street Ventures $15m press release
Labrys Biologics San Mateo, CA Antibody drug for migraines venBio, Canaan Partners, InterWest Partners, and Sofinnova Ventures. $14.6m (Jan. 3 press release said $31m) SEC filing
Fractyl Laboratories Waltham, MA Medical devices for chronic diseases Bessemer Venture Partners, Domain Associates $14.4m Thomson Reuters
Amphivena Therapeutics  Heidelberg, Germany Drugs for blood cancers MPM Capital,Aeris Capital, Affimed AG. $14m Thomson Reuters
X01  Cambridge, UK Anticoagulant therapy Index Ventures $11m press release
Middle Peak Medical  Palo Alto, CA Mitral valve heart device Wellington Partners, Seventure Partners, High-Tech Gruenderfonds, BioMedInvest II, Edwards LifeSciences. $11m press release
Scanadu  Mountain View, CA Personal health electronics/equipping smartphones for health monitoring Relay Ventures, Tony Hsieh’s VegasTechFund, Jerry Yang’s AME Cloud Ventures $10.5m press release
Calorics Pharmaceuticals  Waltham, MA Yeast-based drug discovery for calorie-restriction/diseases of aging Polaris Partners, undisclosed investor $10.2m Thomson Reuters
CoStim Pharmaceuticals  Boston Immunotherapy/antibody drugs for checkpoint inhibition Not disclosed. But board has members from Atlas Venture, MPM Capital, J&J Development Corp. $10m SEC filing
Syros Pharmaceuticals Watertown, MA Cancer drugs Arch Venture Partners, Flagship Ventures $10m SEC filing
Loxo Oncology  New York Cancer drugs Aisling Capital, OrbiMed Advisors and an undisclosed investor. $10m Thomson Reuters
Sitari Pharmaceuticals San Diego Drugs for celiac disease Avalon Ventures, GlaxoSmithKline $10m press release
Channel Medsystems  San Francisco Medical technology for heavy menstrual bleeding Aperture Venture Partners LLC, Boston Scientific, DFJ Incube Ventures, Scientific Health Development Ltd,Undisclosed Investor $9.8m Thomson Reuters
ImmunGene  Thousand Oaks, CA Cancer drugs Ally Bridge Group $9m press release
ScioDerm  Raleigh, NC Topical skin drug Morgenthaler Ventures, Technology Partners $9m Thomson Reuters
InformedDNA  St. Petersburg, FL Genetic counseling MPM Capital, other undisclosed investors $7.7m Thomson Reuters
New Leaf Symbiotics  St. Louis, MO Plant bacteria-derived products Rockport Capital, Open Prairie Ventures, Pangaea Ventures, and several individuals. $7m Thomson Reuters
Arcturus Therapeutics San Diego RNA interference Individual investors $6.3m Xconomy reporting
Semnur Pharmaceuticals  Mountain View, CA Non-opioid drugs for back pain Not disclosed, but board has members from Vivo Capital, Canaan Partners, and Frazier Healthcare Ventures $6m SEC filing
Dimension Therapeutics  Cambridge, MA Gene therapy for rare diseases Fidelity Biosciences Not disclosed, but more than $5m Xconomy reporting
Alector  San Francisco Alzheimer’s drugs Polaris Partners, OrbiMed Advisors Not disclosed, but more than $5m Xconomy reporting
Sofie Biosciences  Culver City, CA New PET imaging technology Tata Industries, MRM Capital, Cycad Group. $5m press release

Author: Luke Timmerman

Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.