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Lectus Therapeutics

lectustherapeutics.com

Founded Year

2002

Stage

Unattributed | Alive

Total Raised

$20.3M

Last Raised

$6M | 15 yrs ago

About Lectus Therapeutics

Lectus Therapeutics is a UK biopharmaceutical company with a proprietary functional proteomics screening platform (LEPTICS), enabling the discovery and development of novel, small molecule modulators of ion channels.

Headquarters Location

Cambridge, England, CB22 3AT,

United Kingdom

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Expert Collections containing Lectus Therapeutics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Lectus Therapeutics is included in 2 Expert Collections, including Omics.

O

Omics

1,267 items

Companies involved in the capture, sequencing, and/or analysis of genomic, transcriptomic, proteomic, and/or metabolomic data

B

Biopharma Tech

838 items

Latest Lectus Therapeutics News

Datamonitor Research Store - Takeda makes strategic investment in Lectus Therapeutics

Feb 25, 2015

  Takeda makes strategic investment in Lectus Therapeutics Through its venture capital arm, Takeda has recently invested in three emerging biotechnology ventures, including Lectus Therapeutics, a functional proteomics-focused company. Datamonitor's Mark Belsey explains how this will strengthen Takeda's long-term pipeline development and help to drive the company's increasingly globalized R&D collaboration infrastructure... Takeda is Japan's largest pharmaceutical firm and was ranked in the top 20 in terms of ethical pharmaceutical sales in 2003. The company had cash reserves of $9.2 billion in 2003 and a reasonably low level of debt. Therefore, there is scope for Takeda to increase licensing and M&A activity to boost pipeline development. The company is currently focusing on expanding its early-stage pipeline, utilizing an increasingly globalized R&D collaboration infrastructure. Historically, Takeda has used its position as an attractive development and marketing partner for smaller Japanese companies to generate a number of Phase I and II products, which would then drive long-term pipeline development. However, Takeda's R&D alliance strategy is becoming increasingly focused towards international partners, to enable it to rapidly develop its pipeline. Takeda is currently building an international alliance network utilizing its joint venture with Abbott, TAP, to support business development, in addition to expanding its venture arm, Takeda Research Investment (TRI), to drive innovation. TRI helps to drive the development of Takeda's international alliance network Headquartered in California, TRI made key investments in three early-stage biotechnology ventures in the US and the UK in May 2004. Of these, the only named biotechnology venture was Lectus Therapeutics, which is based in Bristol, UK. TRI's investment in Lectus focused on the latter's proprietary functional proteomics platform known as LEPTICS, designed to generate highly selective ion channel modulator leads to treat urinary bladder disorders, angina and hypertension. Roland Kozlowski, co-founder and CEO of Lectus told Datamonitor, "This strategic partnership with TRI is a huge endorsement of the company's technology and commercial strategy. With the investment from TRI and the competitive advantages afforded by LEPTICS, a technology which clearly differentiates Lectus from other ion channel businesses, the company is positioned to exploit ion channel drug targets that are otherwise inaccessible to existing technologies. This will enable Lectus to advance its own programs, as well as those of its partners, other pharmaceutical and biotech companies, and boosts the company's anticipated valuation to several million dollars. " Major players are exploring emerging biotech opportunities Takeda's investment is characteristic of a growing interest among major pharmaceutical or biotechnology companies (fully integrated players) to explore small molecule or biologics opportunities in the emerging biotech sector. For example, in 2003 Johnson & Johnson purchased Scios (manufacturer of the therapeutic protein Natrecor) while Amgen signed a long-term small molecule development deal with Biovitrum. This trend has continued into 2004. In January, Amgen made a $25 million equity investment in Infinity to develop small molecule therapeutic agents and in April, Genzyme announced its intention to acquire ILEX (manufacturer of the therapeutic antibody Campath and a number of small molecule oncology pipeline programs) for more than $1 billion. Early-stage funding for biotechs From the point of view of the emerging biotechnology company, the early-stage funding climate has become a difficult place over the past few years, with private equity investments scarce. The growing number of deals involving direct stock purchase, licensing, or M&A established by venture capital arms of leading fully integrated pharmaceutical or biotechnology players has driven greater biotechnology funding. It has also diversified the risk associated with pipeline development for major pharmaceutical or biotechnology companies. The collaborations that TRI has formed this month demonstrate the development of Takeda's venture arm into a valuable contributor to the development of the company's early-stage pipeline. The investments also highlight Takeda's strong long-term development strategies. However, Takeda now needs to address the lack of late-stage pipeline products to ensure continuing success in the short and medium term.

Lectus Therapeutics Frequently Asked Questions (FAQ)

  • When was Lectus Therapeutics founded?

    Lectus Therapeutics was founded in 2002.

  • Where is Lectus Therapeutics's headquarters?

    Lectus Therapeutics's headquarters is located at Cambridge.

  • What is Lectus Therapeutics's latest funding round?

    Lectus Therapeutics's latest funding round is Unattributed.

  • How much did Lectus Therapeutics raise?

    Lectus Therapeutics raised a total of $20.3M.

  • Who are the investors of Lectus Therapeutics?

    Investors of Lectus Therapeutics include Wellcome Trust, Takeda Ventures, Quester Capital Management, Sofinnova Partners, Spark Ventures and 4 more.

  • Who are Lectus Therapeutics's competitors?

    Competitors of Lectus Therapeutics include Cellworks, Icagen, Spinifex, ChanTest, Horizon Therapeutics and 13 more.

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