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Confluence Life Sciences
Kinase inhibitor drug discovery for inflammation and cancer
About Confluence Life Sciences
Confluence Life Sciences is a biotechnology firm specializing in the discovery and early development of kinase inhibitors to treat cancer and inflammatory and immunological disorders. The company was founded in 2010 in St. Louis, Missouri, by a group of former Pfizer executives, including lead founder Joseph Monahan, who became the Chief Scientific Officer, and Walter Smith, who served as CEO. This initiative followed Pfizer's downsizing of its St. Louis operations, with the founding team leveraging their extensive experience in drug discovery to form the new enterprise.
The company's business model operated on two parallel tracks: developing its own pipeline of proprietary drug candidates and providing contract research services through its subsidiary, Confluence Discovery Technologies. This contract research organization (CRO) served a range of clients from large pharmaceutical corporations to smaller biotech startups, generating revenue that helped fund the company's internal research and development efforts. The company's core scientific focus was its KINect™ platform, a technology designed to accelerate the identification of drug candidates that target specific protein kinases, which are crucial in regulating cellular pathways involved in disease. Key programs in its internal pipeline included CDD-450, a novel MK-2 pathway inhibitor, as well as soft JAK and ITK inhibitor programs aimed at various autoimmune and inflammatory conditions.
In August 2017, Confluence Life Sciences was acquired by Aclaris Therapeutics, a biopharmaceutical company focused on dermatology. The acquisition was valued at up to $100 million, including an upfront payment of $20 million in cash and stock, with an additional $80 million in potential milestone payments and future royalties. The deal allowed Aclaris to absorb Confluence's research team and its pipeline of kinase inhibitors, expanding its focus into new therapeutic areas. Aclaris retained Confluence's operations and scientific team in St. Louis, integrating it as a key research and discovery division.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Aug 2017 | $100M | $100M | Aclaris Therapeutics | — |
| EARLY VC✓Equity / VC | Apr 2016 | $4.8M | $19M | Undisclosed | — |
Growth signals
Latest recorded traffic for Confluence Life Sciences is 110 monthly website visits. Confluence Life Sciences's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Missouri Technology Corporation
Series A5 investors entered at this stage
Mercury Fund
BioGenerator- HFHelix Fund
Epidarex Capital
St. Louis Arch Angels
Other known investors2 additional known investors
Aclaris Therapeutics
Small Business Innovation Research
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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