Cabaletta Bio

About Cabaletta Bio

Cabaletta Bio, Inc. (Nasdaq: CABA) is a clinical-stage biotechnology firm focused on developing engineered T cell therapies for autoimmune diseases, aiming to provide durable, and potentially curative, single-dose treatments. The company emerged from the University of Pennsylvania in 2017, founded by a team of physician-scientists including Dr. Michael Milone, Dr. Aimee Payne, and led by co-founder and CEO Dr. Steven Nichtberger. The founders' backgrounds are deeply rooted in the science Cabaletta is built upon; Drs. Milone and Payne are recognized experts in CAR T technology and autoimmune diseases at the University of Pennsylvania, with their foundational work forming the basis of the company's core technology. Dr. Nichtberger is a serial entrepreneur with extensive experience in the healthcare industry, including leadership roles at Merck and as the founding CEO of Tengion, bringing a strong track record of commercializing medical advances.

The company's business model is centered on the research, clinical development, and eventual commercialization of its proprietary cell therapies. As a clinical-stage entity, its operations are financed through public offerings and strategic partnerships rather than product sales. Cabaletta went public in October 2019, raising approximately $66.2 million to advance its clinical programs. Its primary clients are patients with specific, often severe, B cell-mediated autoimmune diseases for which current treatments are often chronic, broadly immunosuppressive, and have significant side effects. The company partners with academic institutions like the University of Pennsylvania and contract development and manufacturing organizations (CDMOs) to advance its research and production capabilities.

Cabaletta's therapeutic development is consolidated under its CABA™ platform, which features two distinct but complementary strategies. The first is the Chimeric AutoAntibody Receptor T (CAART) cell technology, which engineers a patient's T cells to selectively identify and eliminate only the B cells that produce disease-causing autoantibodies, while sparing healthy B cells. Clinical-stage candidates using this approach include DSG3-CAART for mucosal pemphigus vulgaris and MuSK-CAART for MuSK myasthenia gravis. The second strategy is Chimeric Antigen Receptor T cells for Autoimmunity (CARTA), featuring the lead product candidate, CABA-201. CABA-201 is a CD19-CAR T therapy designed to transiently deplete the entire B cell population, allowing the immune system to "reset" and repopulate with healthy B cells. This candidate is being evaluated in multiple Phase 1/2 clinical trials for conditions such as systemic lupus erythematosus, myositis, and systemic sclerosis, showing a generally well-tolerated safety profile in initial data.