Founded
1 Dec 2018

Address

Abalone Bio
Richmond, CA
United States

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Abalone Bio
Emeryville, CA
United States

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Business classification

VCID: 1051136
    Profile

    Corporate information


    Registration country
    Investment activity status
    Active investor

    Company type

    Antibody drug discovery.

    Overview

    Abalone Bio developed a technology to find antibody drugs that activate and modulate cell surface receptors, the “antennae” on cells that help convert chemical signals into cellular responses, like growth. Antibodies are a growing class of drugs that have tremendous safety and efficacy advantages over small molecules; 7 of the top 10 selling drugs are antibodies, earning an average of $7B in revenue. However, antibodies- especially ones that activate and modulate cell surface receptors- are hard to find. Abalone Bio expands the playing field for antibody therapeutics and enables us to previously access treatments for untreated diseases. We have already discovered a novel antibody that activates a non-opioid receptor that produces analgesia. We are developing this antibody into a treatment for neuropathic pain – a medical condition that currently is treated with drugs like addictive opiates. The same molecule is also a potential treatment for inflammatory and fibrotic diseases, all 1B+ markets.

    Current employees

    [node:title] photo Gustavo Pesce
    founder
    [node:title] photo Richard Yu
    founder

    Funding rounds

    (31 Dec 2020) Change in valuation: unknown

    Profile Country Notes
    Y Combinator LLC American technology startup accelerator. United States Initial investment. Led the round.

    Current and past shareholders

    Investor Round
    Y Combinator logo Y Combinator LLC
    American technology startup accelerator.
    Seed