The Needle Issue #13

3 Sep
Juan-Carlos-Lopez
Juan Carlos Lopez
Andy-Marshall
Andy Marshall

While most parts of biotech early-stage financing have been in the doldrums in the past two or three years, so-called tech-bio startups have been thriving. Since the posterchild $1.0 billion mega series A round last April of Xaira Therapeutics, which was founded by scientists out of Nobel prize winner David Baker’s group at the University of Washington, several startups seeking to develop machine learning models for designing miniproteins or peptide binders of challenging or ‘undruggable’ targets have emerged, including Enlaza TherapeuticsVilya, and UbiquiTx. All of these have been developing their own proprietary models based on Alphafold 3Boltz-1 or Chai-1 for structure prediction and tools based off RFdiffusionBindcraft and ProteinMPNN for peptide design. Predicting CDR loops for de novo antibody design is a considerably more challenging task than for simple peptides, but Nabla Bio, founded last year by scientists out of George Church’s lab at Harvard, claims it is doing just that for GPCRs and ion channels. Earlier this month, Chai Discovery also launched with a $100 million series A from Menlo Ventures to optimize multimodal generative models such as Chai-2, which, according to the company, already “achieves a 16% hit rate in de novo antibody design.”

Designing peptides that can selectively bind to a protein target and show therapeutic activity remains a challenge, however, as it often depends on the availability of high-quality structural information about the target molecule, which is seldom available for many disease-relevant proteins that are unstructured or conformationally disordered. Similarly modeling protein-protein interactions like antibody-antigen interactions that are extremely dynamic and floppy also poses problems. All of which raises the question as to whether binders could be predicted simply using amino acid sequence information instead of structural data.

Now, a team led by Pranam Chatterjee from Duke University has addressed this question. In a recent paper in Nature Biotechnology, Chatterjee and his collaborators report the creation of PepMLM, a peptide binder design algorithm based on masked language modeling. A key feature of the algorithm is that it depends exclusively on protein sequence, not structure. Built upon the ESM-2 (Evolutionary Scale Modeling 2) protein language model, PepMLM masks and reconstructs entire peptide regions appended to target protein sequences. This design compels the model to generate context-specific binders. To train PepMLM, the team used high-quality curated datasets from PepNN and Propedia comprising ~10k putative peptide-protein sequence pairs. PepMLM output was consistently found to outperform RFDiffusion on held-out/structured targets, with a higher hit rate (38% to 29%) and low perplexities that closely matched real binders, with generated sequences showing target specificity, even in stringent permutation tests.

The model generated binders predicted to have higher binding scores than native and structure-based binders designed through other methods. Indeed, in vitro validation experiments confirmed the high affinity and specificity of PepMLM-generated binders.

Chatterjee and his colleagues went on to turn their binders into degraders by fusing them to E3 ubiquitin ligase domains, such as CHIP/STUB1. When tested in vitro, over 60% of these degraders knocked down their target proteins. PepMLM peptides achieved nanomolar binding affinity on the drug targets neural cell adhesion molecule 1 (NCAM1), a key marker of acute myeloid leukemia, and anti-Müllerian hormone type 2 receptor (AMHR2), a critical regulator of polycystic ovarian syndrome (where RFDiffusion-predicted peptides failed to bind). The authors also demonstrated that PepMLM-predicted peptides fused to E3 ubiquitin ligases not only degraded MSH3 but completely eliminated mutant huntingtin protein exon 1 containing 43 CAG repeats in Huntington disease patient-derived fibroblast cells. Similar results were obtained for a PepMLM-predicted peptide binder of MESH1, a protein controlling ferroptosis, in collaboration with Ashley Chi Jen-Tsan’s group at Duke University (RFDiffusion again gave no hits). And with Madelaine Dumas and Hector Aguilar-Carreno’s group, in collaboration with Matt Delisa’s group at Cornell University, PepMLM-derived peptides bound and reduced levels of viral phosphoproteins from Nipah, Hendra, and human metapneumovirus (HMPV); indeed, in live HMPV infection models, the PepMLM peptide mediated high levels of P protein clearance.

The ability of PepMLM to design binders purely on the basis of target-protein sequence is an important advance towards designing therapeutic peptides against hitherto inaccessible targets that lack structural data. Future work should explore how to incorporate chemical modifications such as cyclization or stapling to enhance stability of the binders, as well as the evaluation of the strongest candidates in vivo. Another challenge will be to ameliorate the immunogenicity of these foreign de novo proteins. The use of protein engineering approaches, such as incorporation of mirror amino acids that can cloak foreign peptides from the immune system, may offer solutions. But it is likely that candidates discovered using sequence or structure prediction tools will still require lengthy development programs to be turned into safe and effective drugs, despite the hype.

Hot Investor Mandate: Corporate Venture Arm of Global Manufacturing Company Makes Strategic Investments in Medical Devices, Diagnostics, and Biomanufacturing

26 Aug

A global manufacturing company operates across a wide range of industries, including analytical, medical, and industrial equipment. In recent years, the firm has placed a strong focus on healthcare, particularly in clinical diagnostics and biomanufacturing. 

A few years ago, the firm established a corporate venture capital (CVC) division to seek strategic partnerships with companies that possess cutting-edge technologies aligned with its business areas.  

The firm has invested in companies across the U.S., Canada, and Asia and is actively looking to expand its portfolio. While the CVC primarily targets investments in Seed to Series A rounds, it may also consider Series B opportunities. Typical check sizes range from $1 million to $5 million USD, though larger investments are possible for particularly promising technologies. 

Within healthcare, the firm is seeking opportunities in clinical diagnostics, medical devices, and biomanufacturing. The firm is open to not only hardware but also consumables and software solutions. 

To attract investment from the CVC, having a lead investor is desirable. 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Hot Investor Mandate: USA-Based VC Firm Seeks Novel Therapeutics and Platform Technologies, Investing Up to $30M Over Company Lifecycle

26 Aug

A venture capital firm based in the US is actively investing in life science companies. The firm primarily invests in therapeutics companies in early and growth stage. Typical check sizes are in the $25-30M range over the company’s life cycle. The firm has a preference for companies based in Los Angeles and is passionate about fostering the local life science ecosystem, but the firm is also open to investing outside of LA given that the opportunity is a great fit. Outside of LA, the firm invests almost exclusively in the US. 
 
The firm invests in therapeutics in all disease areas and modalities, and is open to both single assets and platform technologies. The firm currently has over 20 companies in their portfolio, which can be reviewed here: https://westlakebio.com/portfolio for a better sense of where the firm has invested to date.  

The firm is open to pre-clinical to early clinical stage opportunities. The firm is open to investing in promising companies even in the idea/conception stage, and has done so in the past. 
 
The firm looks for compelling technologies and is open to investing in companies founded by first-time entrepreneurs. The firm prefers to be a lead investor, and has always led Series A investments and seeks board representation when leading. 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Hot Investor Mandate: Venture and Growth Investment Firm Seeks Early-Stage Life Sciences Companies in the US, Open to All Sectors

26 Aug

A growth and venture investor based in the U.S. typically engages in pre-clinical and Seed stage life science startups. The firm invests in companies focused on significant unmet medical needs across contract services, manufacturing, equipment, and therapeutic companies. The firm supports entrepreneurs and early-stage companies by providing deep expertise, industry knowledge, and a network of proven experts to guide them through every stage of their life cycle. 

The firm is interested in pre-clinical therapeutics, digital health, medical devices, and diagnostic companies. The firm also invests in contract services, enabling technologies, and therapeutics across cell and gene therapies, oncology, antimicrobial resistance, neurosciences, and rare diseases. While indication-agnostic, the firm has particular expertise in oncology, neurosciences, rare disease, and antimicrobial resistance. 

The firm does not have strict company or management team requirements. The firm may take a board seat on a case-by-case basis.

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Hot Investor Mandate: Early-Stage VC Firm Invests in Medtech Companies in Seed to Series A Rounds, Seeking Companies Across the Globe

26 Aug

A global, early-stage medtech venture capital firm with offices in North America and Asia has a particular focus on investing in underfunded regions globally. The firm invests in Seed and Series A rounds, with a typical check size of $250K – $1M in the form of equity. The firm will typically co-invest, and invests in 6-8 companies per year. The firm will invest globally. 
 
The firm invests in early-stage medtech companies developing life science technologies for large, unmet market needs. The firm focuses on medical devices and digital health. 
 
The firm prefers to work with experienced founders. 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Investor Panels at RESI Boston September

26 Aug

By Claire Jeong, Chief Conference Officer, Vice President of Investor Research, Asia BD, LSN

The Life Science Nation (LSN) team is preparing to welcome the global life science ecosystem to Boston for the upcoming RESI conference this September. With an engaging lineup of investor panels, workshops, and the Innovator’s Pitch Challenge, founders and CEOs will have the opportunity to connect directly with investors while gaining tactical insights into fundraising and partnership strategies.

The RESI Boston program features seven investor panels spanning impact investing, mental health, oncology, diagnostics, family offices, corporate venture capital, and big pharma partnerships. These panels bring together a diverse group of experts—from venture funds and strategic investors to philanthropic groups and family offices—each offering unique perspectives on how they evaluate life science and healthcare opportunities.

Each 50-minute session will provide a candid look at what drives investor interest in early-stage ventures, what makes a company stand out in competitive landscapes, and how founders can build lasting relationships with the capital sources they need.

RESI Boston is not just about learning—it’s about engagement. Panelists will share their perspectives on industry landscapes, while also fielding questions and offering insights that directly address the challenges entrepreneurs face. These conversations are intended to bridge the gap between companies and capital providers, fostering the connections that fuel healthcare innovation.

Below is the schedule of investor panels at RESI Boston this September:

John-Abeles
John Abeles
General Partner
Northlea Partners
Marc-Appel
Marc Appel
Managing Partner
Pacific Bridge NY
Jonathan-Behr
Jonathan Behr
Partner
Dementia Discovery Fund
David Berry
David Berry
Managing Partner
Averin Capital
Hyelim-Cho
Hyelim Cho
Sr. Director, BD and Alliance Management
RayzeBio
(a Bristol Myers Squibb company)
Alex-de-Winter
Alex de Winter
Vice President of New Ventures
Danaher Corporation
Yizhen-Dong
Yizhen Dong
Managing Partner
Raise Health
David-Fogel
David Fogel
Member of Screening & Due Diligence Committees
Mass Medical Angels
Eric-Furfine
Eric Furfine
CEO & CSO
Mosaic Biosciences
Navin-Govind
Navin Govind
Partner
Evidence Ventures
Andres-Hurtado-Lorenzo
Andres Hurtado-Lorenzo
SVP, Translational Research & IBD Ventures
Crohn's and Colitis Foundation
Anula Jayasuriya
Anula Jayasuriya
Co-Founder and Partner
Kidron Capital
Arianne Kidder
Arianne Kidder
Partner
Seae Ventures
Claire-Leurent
Claire Leurent
Managing Director
AbbVie Ventures
Ron-Levin
Ron Levin
Managing Partner
Alumni Ventures
Vivian-Li
Vivian Li
Investor
K2 Venture Partners
Michael Loftus
Michael Loftus
Director
PoC Capital
Nune-Martiros
Nune Martiros
Senior Associate
Paladin Capital Group
Jeffrey-Moore
Jeffrey Moore
President
MP Healthcare Venture Management (MPH)
Chris Murray
Chris Murray
Principal
MVM Life Science Partners
Nikhil Mutyal
Nikhil Mutyal
Head of Search and Evaluation, Respiratory and Immunology
AstraZeneca
Komeil-Nasrollahi
Komeil Nasrollahi
Sr. Director Innovation & Venture Partnerships
Siemens Healthineers
Stephanie Oestreich
Stephanie Oestreich
Managing Director
Myeloma Investment Fund
Armin-Rump
Armin Rump
Director of Global BD
Otsuka Pharmaceutical Co., Ltd.
Jeremy-Sohn
Jeremy Sohn
Managing Partner
P74 Ventures
Mike-Thomas
Mike Thomas
Managing Partner
Bold Brain Capital
John-Tremblay
John Tremblay
Investor
Launchpad Venture Group
Chensu-Wang
Chensu Wang
Investment Manager
Yonjin Venture
Jenny-Wang
Jenny Wang
Director, Search & Evaluation, Oncology
AbbVie
Tyler-Wanke
Tyler Wanke
Investor
Wanke Family Office

Whether you are developing novel therapeutics, diagnostics, medical devices, or digital health solutions, the investor panels at RESI Boston will deliver the knowledge and networking opportunities to help you advance your fundraising journey.

Innovator’s Pitch Challenge Applications Now Open for RESI London and RESI JPM

26 Aug

Showcase your innovation to active life science investors

By Max Braht, Director of Business Development, LSN

Max-Braht-Headshot

Life Science Nation (LSN) is now accepting applications for the Innovator’s Pitch Challenge (IPC) at both RESI London and RESI JPM. The IPC provides early-stage life science and healthcare companies with the opportunity to pitch directly to a panel of active investors, receive interactive feedback, and showcase their technology in the RESI Exhibition Hall.

RESI London – December 2025

The first week of December marks the largest life science partnering and venture week in the UK. For companies raising pre-seed through Series B, or those in Phase II or earlier development, RESI London—alongside One Nucleus’ Genesis and ELRIG/SLAS events—offers a stronger fit compared to the late November healthcare week held concurrently with Jefferies. While Jefferies tends to focus on IPO-ready or Phase III+ companies, RESI London is designed for venture-stage entrepreneurs seeking investment and strategic partnerships.

The conference takes place in person on December 4 at No.11 Cavendish Square, London, with virtual partnering continuing on December 8–9.

Apply to Pitch at RESI London >>

Application Deadline: Friday, October 24


RESI JPM – January 2026

The RESI Conference will return to San Francisco during JP Morgan Healthcare Week, providing entrepreneurs with access to the largest gathering of early-stage life science investors in the world. Taking place January 12–13 at the Marriott Marquis San Francisco, the conference will be followed by three days of virtual partnering on January 14, 19, and 20.

RESI JPM draws more than a thousand participants, including 500+ global investors, innovators, and industry experts. The Innovator’s Pitch Challenge allows selected companies to pitch live, engage in Q&A with investors, and participate in dedicated partnering meetings throughout the week.

Apply to Pitch at RESI JPM >>

Application Deadline: Wednesday, November 12

Apply today to secure your place in the Innovator’s Pitch Challenge at RESI London or RESI JPM and take advantage of the opportunity to showcase your innovation directly to active investors.