Upstreambio
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 1.1m | 3.0m |
% growth | - | 186 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Series A | ||
* | $200m | Series A | |
* | $200m | Series B | |
Total Funding | AUD618m |
Related Content
Recent News about Upstreambio
EditUpstream Bio is a biotechnology startup focused on developing innovative therapies to treat inflammatory and allergic diseases. The company operates in the biopharmaceutical market, targeting conditions that cause significant discomfort and health issues for patients. Their primary clients are healthcare providers and patients who suffer from chronic inflammatory conditions such as asthma and chronic rhinosinusitis with nasal polyps (CRSwNP).
The company's lead product, verekitug, is a monoclonal antibody designed to inhibit the TSLP receptor, a key player in the inflammatory process. Verekitug has successfully completed Phase 1b clinical trials for asthma and is currently in Phase 2 trials for both asthma and CRSwNP. Monoclonal antibodies are lab-made proteins that can bind to specific targets in the body, and in this case, verekitug aims to block the receptor that triggers inflammation.
Upstream Bio's business model revolves around research and development (R&D) of these specialized therapies. They invest heavily in clinical trials to ensure the safety and efficacy of their products. Once a therapy proves successful in clinical trials, the company can either bring it to market themselves or partner with larger pharmaceutical companies for distribution and commercialization. This approach allows them to generate revenue through product sales, licensing agreements, and potential milestone payments from partners.
The company is deeply committed to patient-centric values, ensuring that their work directly improves the quality of life for those suffering from inflammatory diseases. By focusing on the root causes of inflammation, Upstream Bio aims to provide long-term relief and better health outcomes for patients.
Keywords: biotechnology, inflammation, allergic diseases, monoclonal antibody, TSLP receptor, asthma, CRSwNP, clinical trials, patient-centric, biopharmaceutical.