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Anagram Therapeutics

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Orally delivered enzyme therapeutics for rare digestive diseases

Natick, United StatesFounded 2017Biotech & Life Sciences
Valuation $1–2.5B Last recorded · 2026
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About Anagram Therapeutics

Anagram Therapeutics, formerly known as Synspira Therapeutics, is a clinical-stage biopharmaceutical company founded in 2017. The firm rebranded in April 2023 to concentrate its expertise on developing orally-delivered enzyme replacement therapies. This strategic shift involved spinning out its pulmonary program into a separate, unaffiliated entity to sharpen its focus on gastrointestinal diseases. Anagram is headquartered in Framingham, Massachusetts, and operates as a private entity.

The company was co-founded by Dr. Alexey Margolin, an experienced biotech entrepreneur who serves as Chairman of the Board. Dr. Margolin has a track record of founding and leading several biotech companies focused on rare and metabolic diseases, including Alnara Pharmaceuticals (acquired by Eli Lilly) and Alcresta Therapeutics. The leadership team includes President and CEO Robert Gallotto, who brings 35 years of experience in building companies in the cystic fibrosis and rare disease sectors. The company's scientific direction has been shaped by individuals like Dr. Shenda Baker, a co-inventor of its technology with a deep background in polymer chemistry and materials science.

Anagram's business model is centered on the research and development of novel enzyme therapeutics for individuals with malabsorption syndromes and nutrient metabolism disorders. These conditions, often linked to cystic fibrosis (CF) or other rare diseases, prevent the body from properly digesting and absorbing essential nutrients like fats, proteins, and carbohydrates. The company's revenue generation will depend on the successful clinical development and commercialization of its product pipeline. It actively seeks partnerships with venture investors to fund its R&D efforts. A significant financial and strategic partner is the Cystic Fibrosis Foundation, which has committed up to $35.9 million through its venture philanthropy model to de-risk the development of Anagram's therapies.

The company's lead product candidate is ANG003, a broad-spectrum, orally-delivered enzyme replacement therapy currently in clinical trials for treating exocrine pancreatic insufficiency (EPI) in people with cystic fibrosis. Unlike many existing treatments derived from porcine sources, ANG003 is a non-animal-derived combination of lipase, protease, and amylase. This formulation is designed to improve the digestion of fats, proteins, and carbohydrates, potentially reducing the pill burden for patients from multiple capsules to a single dose per meal. ANG003 is available as a tablet or as granules that can be mixed with food, offering a more convenient administration option. Anagram's pipeline also includes earlier-stage candidates like ANG011, ANG021, and ANG031, which target various congenital and malabsorptive syndromes.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Natick, United States
Employees
36
Open positions
None listed
Dealroom signal
58.5/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Enzymes, Metabolism, Rumoured $1B, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing May 2026 $250M $1B Blackstone ↗
GRANTOther financing Oct 2020 $14M — Cystic Fibrosis Foundation —
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Growth signals

Anagram Therapeutics website traffic

Latest recorded traffic for Anagram Therapeutics is 2.5K monthly website visits, up 157.7% over the last three months. Anagram Therapeutics's team grew 44% over the past year.

Latest monthly visits2.5K 3-month web change+157.7% 1-year team growth+44%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

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

Seed1 investor entered at this stage

  • Cystic Fibrosis Foundation

Series B and later1 investor entered at this stage

Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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
2 countries with
team presence
🇺🇸 United States96%
🇨🇿 Czech Republic4%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Anagram Therapeutics on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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