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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
Valuation & funding
Basking Biosciences funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
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.
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