Verismo Therapeutics

Verismo Therapeutics

Developing car t-cell therapy for solid tumors. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€62—93m (Dealroom.co estimates Jul 2023.)
Philadelphia Pennsylvania (HQ)
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DateInvestorsAmountRound
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N/A

$16.0m

Seed
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$7.0m

Valuation: $35.0m

Seed
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$17.0m

Seed
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N/A

$150k

Grant
Total Funding€36.5m

Recent News about Verismo Therapeutics

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Verismo Therapeutics is at the forefront of developing advanced CAR T cell therapies aimed at treating solid tumors, a significant challenge in cancer treatment. Traditional CAR T cell therapies have struggled with solid tumors due to T cell exhaustion and ineffective tumor elimination. Verismo addresses these issues with its innovative KIR CAR platform. This next-generation technology incorporates a multi-chain immunoreceptor design, inspired by natural killer (NK) cell receptors, which helps T cells remain effective over a longer period and perform better in the challenging environments of solid tumors.

The company's primary clients are healthcare providers, including hospitals and specialized cancer treatment centers, that seek cutting-edge therapies for their patients. Verismo operates in the biotechnology and healthcare market, focusing specifically on oncology, the branch of medicine that deals with cancer.

Verismo's business model revolves around research and development (R&D) and partnerships. The company invests heavily in R&D to continuously improve its CAR T cell therapies. Revenue is generated through licensing agreements, partnerships with pharmaceutical companies, and potentially through direct sales of their therapies once they receive regulatory approval.

In summary, Verismo Therapeutics is revolutionizing cancer treatment with its unique KIR CAR platform, designed to overcome the limitations of first-generation CAR T cell therapies. By focusing on solid tumors, the company is addressing a critical unmet need in oncology.

Keywords: CAR T cell therapy, solid tumors, KIR CAR platform, T cell exhaustion, oncology, biotechnology, cancer treatment, healthcare providers, R&D, licensing agreements.