Address
Abalone Bio
Richmond, CA
United States
Abalone Bio
Emeryville, CA
United States
VCID: 1051136
Profile
Corporate information
Registration country
Company type
Antibody drug discovery.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.
Team
Current employees
| |
Gustavo Pesce | founder | |
| |
Richard Yu | founder |
Funding
Funding rounds
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
| |
Y Combinator LLC | American technology startup accelerator. | United States | Initial investment. Led the round. |
Cap Table
Current and past shareholders
| Investor | Round | |
|---|---|---|
| |
Y Combinator LLC American technology startup accelerator. |
Seed |