# ARKUDA Therapeutics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arkuda-therapeutics

- Industry: Biotechnology
- Headquarters: Watertown, US
- Website: www.arkudatx.com
- Total disclosed funding: $108M
- Latest round: Series B (Feb 10, 2022)
- Investors on record: 8

## About

ARKUDA Therapeutics, Inc. is a biopharmaceutical company focused on developing innovative therapies for neurodegenerative diseases, particularly targeting Alzheimer's and other dementias through novel compounds.Founded in 2018 and headquartered in Watertown, US, ARKUDA Therapeutics specializes in neurodegenerative disease therapeutics. The company operates independently and has not undergone any significant business pivots or changes in operations. It was co-founded by Deliwe J., Duane Burnett, and Gerhard Koenig, who serves as the CEO. ARKUDA has completed three funding rounds, with the latest being a Series B round in February 2022, raising USD 64.00 mn from investors including Cormorant Asset Management and Eli Lilly & Company. The total amount raised by the company is USD 64.00 mn, with a current valuation of USD 133.84 mn.ARKUDA Therapeutics focuses on developing innovative therapies aimed at addressing neurodegenerative diseases. The company’s core product offerings include a range of novel compounds designed to target the underlying mechanisms of diseases such as Alzheimer's and other forms of dementia. These therapies are engineered to enhance neuronal health and function, thereby aiming to slow disease progression and improve patient outcomes. ARKUDA's products are primarily directed toward healthcare providers, research institutions, and pharmaceutical partners, facilitating clinical trials and subsequent access to treatments for patients suffering from these conditions. ARKUDA Therapeutics operates within markets in North America and Europe, aligning with regions that have established infrastructure for clinical development and a significant population affected by neurodegenerative disorders.ARKUDA Therapeutics generates revenue through strategic partnerships and collaborations with other biotech firms and academic institutions. The business model is structured around securing funding through research grants, licensing agreements, and milestones associated with the progression of its therapeutic candidates through clinical trials. Transactions involve upfront payments for licensing rights, followed by milestone payments linked to successful clinical development phases and potential royalties on future product sales. The company’s flagship products, still in various stages of clinical development, are positioned to leverage these partnerships, thereby enhancing their market entry strategies. Pricing structures for their offerings are determined according to the value provided to healthcare systems and patient outcomes, reflecting the premium nature of their innovative therapeutic solutions.In February 2022, ARKUDA Therapeutics raised USD 64.00 mn in Series B funding, co-led by Cormorant Asset Management and Pivotal Life Sciences, with participation from Eli Lilly & Company and Surveyor Capital. The funding will be utilized to support the development of the progranulin enhancer program into IND-enabling studies, which is a critical step toward further clinical trials. The company aims to expand its offerings and enhance its product pipeline, with plans to penetrate additional markets in Europe by the end of 2023, particularly focusing on countries with high prevalence rates of neurodegenerative conditions.

## Funding rounds

- Series B, Feb 10, 2022, $64M — Atlas Venture, Tekla Capital Management, Pfizer Venture Investments, Eli Lilly & Company, Cormorant Asset Management, Mission Biocapital, Pivotal Life Sciences, Surveyor Capital
- Series A, Nov 7, 2019, $44M — Atlas Venture, Tekla Capital Management, Pfizer Venture Investments, Mission Biocapital

## Investors

- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Series A, Series B
- Tekla Capital Management (https://capitalatlas.ai/funds/tekla-capital-management) — Series A, Series B
- Pfizer Venture Investments (https://capitalatlas.ai/funds/pfizer-venture-investments) — Series A, Series B
- Mission Biocapital (https://capitalatlas.ai/funds/mission-biocapital) — Series A, Series B
- Eli Lilly & Company — Series B
- Cormorant Asset Management (https://capitalatlas.ai/funds/cormorant-asset-management) — Series B
- Pivotal Life Sciences (https://capitalatlas.ai/funds/pivotal-life-sciences) — Series B
- Surveyor Capital — Series B