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Basking Biosciences

Biotech & Life Sciences · Raleigh, United States · Founded 2019

Developing a rapid-onset, short-acting thrombolytic drug for acute thrombosi MoreLess

Basking Biosciences, a clinical-stage biopharmaceutical company founded in 2019, is focused on developing a novel treatment for acute ischemic stroke (AIS), a condition representing 87% of all strokes. The company’s core technology is the product of two decades of dedicated translational research on RNA aptamers as therapeutic agents for cardiovascular diseases. This foundational work was conducted in the laboratories of its co-founders, Dr. Bruce Sullenger and Dr. Shahid M. Nimjee.

Dr. Sullenger, a distinguished professor at Duke University, is a pioneering translational researcher in RNA therapeutics, with his work leading to multiple clinical-stage drugs and the establishment of several biotechnology firms. Dr. Nimjee, the company's Chief Medical Officer, is a practicing neurosurgeon and Professor at The Ohio State University Wexner Medical Center, bringing direct clinical and research expertise in cerebrovascular diseases to the company. Their combined expertise forms the scientific bedrock of the company, aiming to address critical unmet needs in stroke treatment.

The company's business model centers on the clinical development and subsequent commercialization of its proprietary drug candidates. Its lead product, BB-031, is an RNA aptamer designed to inhibit von Willebrand Factor (vWF), a critical component in the structure of blood clots. BB-031 is engineered for a rapid onset and a short duration of action, a key differentiator in emergency medicine. A unique aspect of Basking's therapeutic approach is the concurrent development of BB-025, a specific reversal agent. This complementary oligonucleotide can quickly neutralize BB-031's anticoagulant effect, a crucial safety feature designed to manage potential bleeding complications. This paired system holds the potential to significantly expand the number of stroke patients eligible for thrombolytic therapy, as current treatments have a narrow therapeutic window.

Basking Biosciences is actively progressing its pipeline, with BB-031 currently in a two-part Phase 2 clinical trial known as the RAISE study. This trial, which began enrolling patients in 2024, is designed to assess the safety and preliminary efficacy of BB-031 in AIS patients. The company has secured significant financial backing to advance these trials, including a $55 million financing round in early 2024 led by ARCH Venture Partners. This funding is allocated to the ongoing RAISE trial for BB-031 and to advance the reversal agent, BB-025, into its initial Phase 1 clinical program.

Keywords: acute ischemic stroke, thrombolytic therapy, RNA aptamer, von Willebrand Factor inhibitor, reversible anticoagulant, neurovascular disease, clinical-stage biopharmaceutical, blood clot treatment, BB-031, BB-025, RAISE trial, Bruce Sullenger, Shahid Nimjee, stroke therapy, emergency medicine, antithrombotic, hemostasis, cardiovascular therapeutics, oligonucleotide reversal agent, drug development

Company overview

Basking Biosciences company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2019
Headquarters
Raleigh, United States
Employees
19
Open positions
None listed
Dealroom signal
90.0
client focusb2bsub industryPharmaceuticalsub industryBioTechnologybusiness modelManufacturingindustryHealthsectorBiotechnologysectorSpinoutsectorBiotech and PharmasectorHard TechsectorDT and LSsectorscience-based

Valuation & funding

Basking Biosciences funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Jan 2024 $55M $220M Rev1 Ventures · RTW Investments · Solas BioVentures · Longview Ventures
EARLY VCOther financing Oct 2023 $28M $110M Undisclosed
SEEDOther financing Aug 2021 Undisclosed
SEEDOther financing Dec 2020 $5.4M $22M Broadview Ventures · Rev1 Ventures · Viva BioInnovator
SEEDOther financing Sep 2020 $1.9M $7.6M Undisclosed
SPINOUTOther financing Jan 2019 The Ohio State University
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Growth signals

Basking Biosciences website traffic

Latest recorded traffic for Basking Biosciences is 410 monthly website visits, down 6.8% over the last three months. Basking Biosciences's team grew 46.2% over the past year.

Latest monthly visits410 3-month web change-6.8% 1-year team growth+46.2%
Monthly website visits33 observations · Jul 2023–Jul 2026
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Comparisons

Basking Biosciences compared with similar companies

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Talent graph

Basking Biosciences's talent

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Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 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.

Investors

10 investors on Basking Biosciences's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 3 investors entered at this stage
Broadview Ventures
Rev1 Ventures
Viva BioInnovator
Series A 7 investors entered at this stage
ARCH Venture Partners
RTW Investments
Solas BioVentures
Longview Ventures
Insight Partners
The Ohio State University
Platanus Ventures

Global footprint

Where Basking Biosciences has talent and traffic

Workforce by country
3 countries with
team presence
🇺🇸 United States86.7%
🇸🇬 Singapore6.7%
🇨🇳 China6.7%
3 countries shown

In the news

Latest news about Basking Biosciences

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Market sentiment

What the market is saying about Basking Biosciences

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

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