StageIPO | IPO
Date of IPO6/29/2017
About Aileron Therapeutics
Aileron Therapeutics (NASDAQ: ALRN) is a biopharmaceutical company developing and advancing a class of drugs called Stapled Peptides. The company's Stapled Peptides platform is a breakthrough approach to creating drugs for highly sought after biological targets using its peptide stabilizing technologies. Aileron's Stapled Peptides have demonstrated an ability to penetrate cells throughout the body and modulate intracellular and extracellular protein-protein interactions, critical control points for most human diseases. The ability to target and regulate these control points affords the opportunity to exploit potentially thousands of well characterized, yet currently "undruggable" cellular targets with applications in all human diseases.
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Expert Collections containing Aileron Therapeutics
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Aileron Therapeutics is included in 1 Expert Collection, including Biopharma Tech.
Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.
Aileron Therapeutics Patents
Aileron Therapeutics has filed 81 patents.
The 3 most popular patent topics include:
- Transcription factors
- Clusters of differentiation
Transcription factors, Proteins, Macrocycles, Cell cycle, Clusters of differentiation
Transcription factors, Proteins, Macrocycles, Cell cycle, Clusters of differentiation
Latest Aileron Therapeutics News
Feb 24, 2023
Strategic alternative reviews sink Aileron but lift Graphite Bio; Akebia falls on FDA delay; Ocean soars on antibody discovery vs. cancer Nine analysts raised their 12-month price targets on Apellis Pharmaceuticals stock this week, based on the Syfovre™ (pegcetacoplan injection) approval as well as favorable fourth-quarter earnings results, and positive Phase III results showing that pegcetacoplan was not inferior to the current standard of care for paroxysmal nocturnal hemoglobinuria (PNH), namely AstraZeneca (AZN)-owned Alexion’s blockbuster drug Soliris® (eculizumab). [Apellis Pharmaceuticals] Share The financial markets had just closed last Friday when Apellis Pharmaceuticals (APLS) announced that it had scored the first-ever FDA approval for a therapy designed to treat geographic atrophy (GA), Syfovre™ (pegcetacoplan injection). Apellis investors reaped the benefits of that approval this week, namely a stock surge that saw the company’s share price jump 19% this week, from $55.49 at the close of trading February 17 to $65.82 on Wednesday. Shares rose another 7% in early trading Thursday, to $70.14 as of 10:41 a.m. ET, before settling for a 2% gain, to $66.96. Apellis Pharmaceuticals (APLS) has scored the first-ever FDA approval for a therapy designed to treat geographic atrophy (GA), Syfovre™ (pegcetacoplan injection). Even better for Apellis, the company also garnered accolades from analysts. Nine of them raised their 12-month price targets on Apellis stock this week, based on the Syfovre approval as well as two Tuesday announcements. One was favorable fourth-quarter earnings results, and positive Phase III results showing that pegcetacoplan— approved in 2021 to treat PNH under the name Empaveli™ —was not inferior to the current standard of care for paroxysmal nocturnal hemoglobinuria (PNH), namely AstraZeneca (AZN)-owned Alexion’s blockbuster drug Soliris® (eculizumab). “Apellis’s successful approval of Syfovre is a landmark achievement in ophthalmology,” declared Chris Howerton, PhD, an equity analyst with Jefferies, in a Tuesday research note headlined, “Syfovre Approval Commences a New Era in GA Treatment.” The FDA based its approval on positive data from two Phase III trials, the 621-patient DERBY ( NCT03525600 ) and 637-patient OAKS ( NCT03525613 ) studies. In those studies, Syfovre reduced the rate of GA lesion growth compared to sham control and showed increasing treatment effects over time, with the greatest benefit—up to 36% reduction in lesion growth with monthly treatment in DERBY—taking place between months 18 and 24. Apellis wasted little time cashing in on the Syfovre approval. The company on Wednesday priced a $350 million public offering in which investors could purchase company stock at $63 a share or pre-funded warrants to buy shares at $62.9999 per warrant. The offering is expected to close on February 27. J.P. Morgan Securities, Goldman Sachs, and Evercore Group are joint book-running managers for the offering, with Robert W. Baird and Raymond James acting as co-managers. “A lot to like” “There is a lot to like about the Syfovre label: 1) a broad indication for the treatment of geographic atrophy, 2) there is a flexible dosing option with administration once every 25-60 days, 3) Syfovre can be dosed every other month (EoM), and 4) the label spotlights (24-month) efficacy and safety data,” Howerton elaborated.During a conference call with analysts, Apellis executives said they anticipated EoM dosing to account for 70-80% of all usage of Syfovre. Smaller percentages of EoM patients showed reduced rates of GA lesion growth through 24 months—17% vs. 18% in DERBY, and 18% vs. 22% in OAKS. Apellis has estimated that GA affects one million patients in the U.S. and five million globally, citing studies published in 2012 and in 2014 . Howerton added that his price target increase also reflected the pricing of Syfovre, which carries a list price of $2,190 per vial—a price that makes the drug anything but a slam dunk in terms of generating quick sales. “We expect Syfovre will be utilized by ophthalmologists, but adoption to be conservative in the early innings. APLS stock has priced in generous GA patient growth from current levels, and it will be challenging to meet estimates given market fundamentals and incoming competition,” said Howerton, who maintained Jefferies’ “Hold” rating on Apellis shares. That rating was downgraded from “Buy” in November, based on a survey of 25 of ophthalmologists and retinal surgeons in which a majority said they would not prescribe complement therapies to the majority of their GA patients. Syfovre targets complement factor C3, the central protein in the complement cascade. Competitive landscape Syfovre could be joined by a second approved GA treatment later this year. On February 16, Iveric Bio (ISEE) said the FDA accepted its New Drug Application (NDA) for avacincaptad pegol, a complement C5 inhibitor candidate also indicated for GA secondary to AMD, and granted the NDA a Priority Review with a Prescription Drug User Fee Act (PDUFA) target decision date of August 19. A third potential competitor, NGM Biopharmaceuticals (NGM), faded in October when its NGM621 failed the Phase II CATALINA trial ( NCT04465955 ), sparking a 72% plunge in its shares . NGM621 showed statistically non-significant reductions in the rate of change in GA lesion area vs. sham injection control. Howerton raised Jefferies’ 12-month price target on Apellis shares 20%, from $50 to $60. Eight other analysts increased their price targets, with the biggest leap coming from Tazeen Ahmad, a managing director with BofA Securities covering small and mid-cap biotechnology companies. She hiked BofA’s price target 46% from $79 to $115, and maintained her firm’s “Buy” rating on Apellis. Joining Ahmad and Howerton in raising their price targets on the stock: Laura Chico, PhD, senior vice president, equity research with Wedbush, up 8.5% from $47 to $51, and maintaining a “Neutral” rating. Yigal Nochomovitz, PhD, director, biotech equity research with Citigroup, up 6% from $86 to $91, and maintaining a “Buy” rating. Annabel Samimy, a managing director with Stifel focused on biopharma and biotechnology, up 15% from $65 to $75 and maintaining a “Buy” rating. Steven Seedhouse, PhD, a managing director with Raymond James focused on biotechnology, up 13% from $123 to $139 and maintaining a “Strong Buy” rating. Joseph Stringer, PhD, a senior analyst with Needham covering biotechnology companies, up 14% from $70 to $80 and maintaining a “Buy” rating. Doug Tsao, a managing director and senior healthcare analyst with H.C. Wainwright focused on biopharmaceuticals and specialty pharmaceuticals, up 16% from $75 to $87, and maintaining a “Buy” rating. Colleen Kusy, CFA, a senior research analyst with Baird covering biotechnology, up 17% from $90 to $105, and maintaining an “Outperform” rating. FDA precedent A colleague of Kusy’s at Baird, senior research analyst Jack K. Allen, CFA, noted that in approving Skyfovre, the FDA set a precedent of authorizing a drug based on its impact on GA lesions. As a result, Allen wrote Tuesday in a research note, he expects the agency to approve another treatment that has shown it can effectively reverse GA lesion growth—OpRegen® (RG6501), a retinal pigment epithelial cell therapy being co-developed by Lineage Cell Therapeutics (LCTX) and Roche (ROG; RHHBY) and its Genentech subsidiary for GA secondary to age-related macular degeneration. Last May, Lineage and Roche reported positive Phase I/IIa results showing what it called preliminary evidence of improvement in visual function in patients with GA and impaired vision. One example: 12 patients in one cohort showed an average 7.6 letter gain in visual acuity at 12 months in the study eye, with three showing gains of 15 letters or greater. Genentech launched a Phase IIa trial ( NCT05626114 ) evaluating OpRegen in 30 to 60 patients in November. The open-label, single arm study has an estimated primary completion date of September 15, 2029. “We believe the Syfovre regulatory precedent reads-through positively to the OpRegen program and could lead to a rapid approval of this asset,” Allen wrote. That would be especially good news for Lineage, which gave to Roche worldwide rights to develop and commercialize OpRegen in December 2021. In return, Roche agreed to pay Lineage $50 million upfront, up to $620 million in milestone payments, and tiered double-digit royalties on sales. “We’re too small today to be an effective commercial competitor. So, partnering with Roche obviously brought not just the capital, but also their capabilities and then the credibility of a pharma partnership,” Lineage CEO Brian Culley explained to GEN Edge . Leaders and laggards Aileron Therapeutics (ALRN) shares tumbled 38% on Tuesday, from $2.34 to $1.46, after the company said it was exploring strategic alternatives and would slash its workforce from nine to three full-time employees “in the coming weeks.” The moves followed Aileron halting further development of its lead candidate ALRN-6924, and ending the Phase Ib Chemoprotection trial ( NCT04022876 ) assessing the MDM2/MDMX inhibitor in patients with p53-mutated breast cancer. Aileron said a review of initial data from the open-label study showed that patients experienced severe neutropenia (Grade 4) and alopecia. Ladenburg Thalmann is Aileron’s strategic advisor. Akebia Therapeutics (AKBA) shares skidded 25.5% on Wednesday after saying the FDA sent the company a second interim response to its Formal Dispute Resolution Request concerning the agency’s Complete Response Letter for vadadustat issued in March 2022, touching off a 66% stock plunge . Akebia said the FDA cited resource constraints and staffing needs in switching its deciding authority for the appeal from a senior advisor to the Director of the agency’s Office of New Drugs, Peter Stein, MD. The change will delay a decision on the appeal, Akebia acknowledged. Vadadustat is a treatment for anemia due to chronic kidney disease. Graphite Bio (GRPH) shares rose 16%, from $2.20 to $2.55, on Thursday, the first trading day after the company announced it would begin exploring a range of strategic alternatives and would end further development of nulabeglogene autogedtemcel (nula-cel) for sickle cell disease (SCD). The announcement came nearly seven weeks after the company voluntarily paused the Phase I/II CEDAR trial ( NCT04819841 ) assessing nula-cel in SCD after the first patient dosed with the therapy developed pancytopenia, a serious adverse event that the company concluded was likely related to the treatment. Graphite said it will pivot to research activities associated with its early-stage non-genotoxic conditioning program. Ocean Biomedical (OCEA) shares zoomed nearly six-fold on Thursday, from $4.81 to $26.59 at 10:46 a.m. ET, before settling for a 124.5% gain, to $10.80, after the company announced its discovery of bispecific antibodies that target Chitinase 3-like-1 (CHI3L1) and immune checkpoint inhibitors PD-1 or CTLA4. The antibodies were shown to kill glioblastoma cells and melanoma cells, as well as block the metastasis of malignant melanoma cells to the lung by over 90%. “This therapy has the potential to save thousands of lives of people affected from NSCLC [non-small cell lung cancer] and GBM [Glioblastoma multiforme],” said Chirinjeev Kathuria, MD, Ocean’s co-founder and executive chairman. Share
Aileron Therapeutics Frequently Asked Questions (FAQ)
When was Aileron Therapeutics founded?
Aileron Therapeutics was founded in 2001.
Where is Aileron Therapeutics's headquarters?
Aileron Therapeutics's headquarters is located at 285 Summer St, Boston.
What is Aileron Therapeutics's latest funding round?
Aileron Therapeutics's latest funding round is IPO.
How much did Aileron Therapeutics raise?
Aileron Therapeutics raised a total of $172.31M.
Who are the investors of Aileron Therapeutics?
Investors of Aileron Therapeutics include Apple Tree Partners, Novartis Venture Funds, Lilly Ventures, Excel Venture Management, Roche Venture Fund and 5 more.
Who are Aileron Therapeutics's competitors?
Competitors of Aileron Therapeutics include Amnis Corporation, Inotek Pharmaceuticals, IntelligentMDx, PTC Therapeutics, eSionic and 13 more.
Compare Aileron Therapeutics to Competitors
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Solidus Biosciences is a company that received a STTR Phase II grant for a project entitled: Development of a Lead Optimization Chip for Drug Discovery. Their award is funded under the American Recovery and Reinvestment Act of 2009 and their project will address further development and commercialization of a multi-enzyme lead optimization chip (Multizyme Chip) for high-throughput generation of lead compound analogs coupled with cell-based screening for the rapid identification of biologically active derivatives. Such a capability directly impacts a key bottleneck in drug discovery; namely, the efficient optimization of lead compounds to develop drugs with optimal pharmacological properties. Solidus Biosciences, Inc. proposes to combine six biocatalysis with pharmacological screening to provide rapid identification of biologically active compounds against cell-specific targets, which is a new paradigm for lead optimization. Moreover, the Multizyme Chip platform will be well-suited for lead optimization in related industries, including agrochemicals, cosmetics, and cosmeceuticals. The Solidus technology will thus improve the competitiveness and efficiency of the pharmaceutical, cosmetics, and chemical industries, and will serve as a rich source of new and improved commercial products. The broader impacts of this research are the advances that Solidus Biosciences will achieve toward generating better and safer drugs, reducing the cost to develop these drugs, and increasing the overall efficiency of the pharmaceutical industry. Solidus will generate Multizyme Chips for purchase by pharmaceutical and biotechnology companies to facilitate their lead optimization programs, particularly those involving natural product-derived and complex synthetic small molecule leads. Cryopreservation techniques developed in Phase II will enable the sale of chips and chip-handling devices produced during Phase I, and will allow seamless penetration of the Solidus technology platform into the company's target markets. Solidus Biosciences is a company that received a STTR Phase I grant for a project entitled: Development of a Lead Optimization Chip for Drug Discovery. Their research project aims to develop a new method for generating lead compounds by using enzymatic modification of compound sets. Availability of new methodology to generate biologically active compounds from existing molecules may enhance the success of the drug discovery process and may lead to the discovery of new and useful therapeutics. Solidus Biosciences is a company that received a STTR Phase I grant for a project entitled: High-Throughput RNAi Screening of Mammalian Cells. Their research project aims to develop a system for the rapid screening of siRNAs that can inhibit genes involved in cellular responses such as hyperosmotic stress that can affect pathways of high commercial importance, including protein production. Use of hyperosmotic stress as a proof of concept system will demonstrate the feasibility of high-throughput RNAi screening and will at the same time yield results that can be used to improve monoclonal antibody production in commercial and laboratory settings Production of biopharmaceuticals such as antibodies is exquisitely responsive to the culture conditions under which the cells are grown and thus can be improved through optimizing such settings, which in turn, would affect the genes involved in the specific synthetic pathways of interest. Development of a rapid methodology to identify inhibitory RNA molecules that can inhibit genes that adversely affect yield would be of significant importance to pharmaceutical companies that produce protein therapeutics and may result in a lowering of the const of these therapeutic entities.
Innoprot tGFP-BACE1 HEK293 Cell Line CB2 Internalization Assay Cell Line hGR Nuclear Translocation Assay Cell Line Human Cardiac Myocytes Assay Development Neurotoxicity Assay induced by beta amyloid NEWS Innoprot has been awarded on the Bizkaia Ekinez Prizes 05/06/2009 Innoprot has been awarded on the Bizkaia Ekinez Prizes with the "Gaztedi Prize"
Gahaga Biosciences was founded in 2006 to commercialize a method for the isolation of stem cells from placental and umbilical tissues to be used in basic research. Gahaga Biosciences intends to provide stem cells to the research and commercial markets which are valued as a potential source of a range of types of tissue. Many scientists say embryonic stem cells are generally more versatile than adult cells, although they continue to explore the possibilities of adult stem cells. The company believe that placental and umbilical stems cells are an ideal model system for conducting basic research on cell differentiation and regulation. Gahaga Biosciences seeks to supply researchers with materials to focus on the basic mechanisms of stem cell differentiation - how stem cells make the decision to move from their stem cell state into a more committed phenotype. Gahaga also seeks to exploit the company's experience in other methods such as pancreatic islets.
The firm aims to provide powerful tools based on microelectronic technology to scientists involved in basic molecular biology research. Investigating the biological actions of molecules "in vitro" on cultured cells is a fundamental step for drug development and for basic life sciences. Routine techniques for intracellular delivery are high-cost and time-consuming procedures involving the use of a large amount of the candidate molecule and a stochastic interpretation of the results. Thanks to an combination of cell and molecular biology with semiconductor technology the company developed a new technique overcoming these limitations.
Sarentis is a start-up biopharmaceutical company focused on the development of therapeutics for the treatment of pain.
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