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Atavistik Bio Raises $60m For Metabolic Disease, Cancer Drug Discovery

Acting CEO Comes From Peloton; President/CSO From Blueprint, Agios

 
• By Mandy Jackson

The preclinical start-up is identifying allosteric binders that can inhibit or activate metabolic proteins. Atavistik will focus on genetically defined diseases then test its candidates in broader populations.

Innovation and creative idea concept
Atavistik is The Column Group's latest start-up built around a novel drug discovery platform • Source: Alamy

Atavistik Bio revealed a $60m series A round on 24 August that it will use to ramp up its discovery of novel therapeutics with distinct allosteric control mechanisms for the treatment of metabolic diseases and cancer. The company intends to test its drug candidates in genetically defined diseases before pursuing development in broader populations and is helmed by executives who have recent success with similar strategies.

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