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Istesso

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Developing adaptive tissue-repair drugs for chronic diseases

London, United KingdomFounded 2017Biotech & Life Sciences
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Istesso

Istesso is a clinical-stage biotechnology company specializing in immunometabolism to develop drugs that resolve chronic diseases rather than merely managing symptoms. The company was established in 2017 as the holding company for Modern Biosciences Ltd. and is headquartered in London, United Kingdom. Istesso was co-founded by Dr. Lisa Patel, who serves as CEO, and Sam Williams, who is the Chairman. Dr. Patel has a background in molecular genetics and biochemistry, including a decade at GlaxoSmithKline, while Williams was a top-ranked equity analyst before becoming the founding CEO.

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The company’s primary business is the discovery and development of a pipeline of clinical and pre-clinical assets that reprogram cellular metabolism to treat autoimmune and inflammatory conditions. Istesso's therapeutic approach focuses on activating the body's natural adaptive repair mechanisms to rebuild and restore damaged tissue. This method aims to reverse tissue damage caused by conditions like rheumatoid arthritis, idiopathic pulmonary fibrosis (IPF), and multiple sclerosis. The business model centers on advancing its drug candidates through clinical trials to gain regulatory approval and market exclusivity. A key part of their strategy involves securing designations like the FDA's Fast Track and Orphan Drug status to expedite development and review.

Istesso's lead drug candidate is Leramistat (also known as MBS2320), a first-in-class oral agent. This investigational drug has demonstrated a dual mode of action: reducing inflammation and supporting the remodeling of damaged bone and fibrotic tissue. It is in clinical development for treating rheumatoid arthritis and IPF. In a phase 2b trial for rheumatoid arthritis, while not meeting the primary endpoint, Leramistat showed a reduction in bone erosion, supporting its proposed mechanism of action. For IPF, the drug has received both Fast Track and Orphan Drug designations from the U.S. FDA. Istesso's pipeline also includes other assets for conditions associated with autoimmunity, fibrosis, and neuroprotection.

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At a glance

Founded
2017
Headquarters
London, United Kingdom
Sector
Biotech & Life Sciences
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 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

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🇬🇧 United Kingdom85.7%
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