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Akston Biosciences

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Leverages its core expertise of designing novel fusion proteins to develop and manufacture new classes of biologic therapeutics for Type 1 diabetes (T1D) prevention, ultra-long acting insulin therapy…

Beverly, United StatesFounded 2011Biotech & Life Sciences
Valuation $25–50M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Akston Biosciences

Established in 2011, Akston Biosciences Corporation operates as a biopharmaceutical company dedicated to the development and manufacturing of protein therapeutics for both human and animal health. The company was founded by Todd Zion, who brings a wealth of experience from the biopharmaceutical sector, having previously founded SmartCells, Inc., which was later acquired by Merck & Co. This background in creating cost-effective biologic manufacturing platforms is central to Akston's strategy.

Akston Biosciences leverages its proprietary Ambifect™ Fc-fusion protein platform to create next-generation biologics. This technology is designed to produce therapies with improved efficacy and that can be manufactured at a low cost. The company's business model encompasses a dual focus: developing its own pipeline of therapeutic candidates while also partnering with other biopharmaceutical firms. One of the company's primary human health projects involves a second-generation COVID-19 vaccine, AKS-452, which is designed for shelf stability at room temperature, a significant logistical advantage. This vaccine has undergone Phase II/III clinical trials in India.

In the animal health sector, Akston is developing long-acting antibody therapies for cats and dogs to manage chronic pain associated with osteoarthritis. These treatments, AKS-321d for dogs and AKS-218c for cats, are engineered to provide once-monthly pain relief by targeting Nerve Growth Factor (NGF). Additionally, the company is working on AKS-195b, a once-a-week insulin therapy for managing diabetes in dogs. This approach to animal health underscores the company's commitment to creating treatments specifically for pets, independent of human drug development, aiming to provide affordable and effective solutions for common animal ailments.

Source: Dealroom company data

At a glance

Founded
2011
Headquarters
Beverly, United States
Sector
Biotech & Life Sciences

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Boston Harbor Angels
  • National Institute of Diabetes and Digestive and Kidney Diseases
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

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