1. Scrip
  2. >>Therapy Areas
  3. >>Musculoskeletal

Atlas tests single-asset VC model with $18M in Arteaus to develop Lilly migraine molecule

 
• By Nancy Faigen

The first funded example of Atlas Venture Development Corp's strategy of setting up virtual companies to develop single drug asset is Arteaus Therapeutics. The Cambridge, Massachusetts start-up, founded in June 2011, has attracted $18 million in financing from Atlas Venture and from OrbiMed Advisors to develop a Phase I antibody licensed from Eli Lilly to prevent migraines. The antibody product targets the calcitonin gene-related peptide (CGRP) receptor.

The first funded example of Atlas Venture Development Corp's strategy of setting up virtual companies to develop single drug asset is Arteaus Therapeutics. The Cambridge, Massachusetts start-up, founded in June 2011, has attracted $18 million in financing from Atlas Venture and from OrbiMed Advisors to develop a Phase I antibody licensed from Eli Lilly to prevent migraines. The antibody product targets the calcitonin gene-related peptide (CGRP) receptor.

The $18 million will be Arteaus's only funding the company seeks: the goal is to either demonstrate proof of concept...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from Musculoskeletal

New Regenxbio DMD Data Support Gene Therapy Accelerated Approval

 
• By Joseph Haas

Regenxbio reported functional and biomarker data from an ongoing study of RGX-202, which it hopes to file for approval in Duchenne muscular dystrophy in 2026.

Wave Aspires To Accelerated Approval In DMD With 48-Week Data

 
• By Joseph Haas

With its exon 53-skipping candidate already showing promise in 24-week data, Wave now has 48-week data showing improvements in muscle health and functional outcomes.

Regenxbio Rises After Duchenne Update And Sarepta Safety Scare

 
• By Andrew McConaghie

Encouraging results in younger children with Duchenne is keeping Regenxbio on track for a potential mid-2026 filing for its gene therapy, RGX-202.

Sarepta Shares Plummet On News Of Elevidys Patient Death

 
• By Joseph Haas

The gene therapy for Duchenne muscular dystrophy passed the blockbuster sales threshold in 2024. Analysts said the drug’s overall risk/benefit profile still appears solid.

More from Therapeutic Category

Vigil’s Iluzanebart Disappoints In Rare Neurodegenerative Disease

 
• By Jessica Merrill

The Phase II TREM2 agonist is not part of Sanofi’s planned acquisition.

Merus Raises $300m After ASCO Success

 
• By Andrew McConaghie

The company is raising the money to fuel development of its head and neck cancer candidate, petosemtamab, on the back of promising early data. Some analysts are stopping short of declaring it the winner against a rival product from Bicara, however.

Bayer Boosted By Third FDA Approval For Nubeqa

 
• By Kevin Grogan

US green light will further expand sales of the prostate cancer blockbuster.