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Neomorph
Developing novel drugs targeting previously untreatable disease-causing proteins using molecular degradation technology
About Neomorph
Neomorph is a venture-backed biotech startup based in San Diego, California, that operates in the healthcare sector. The company is focused on advancing the science of targeted protein degradation to develop innovative new medicines to cure diseases. Their primary aim is to destroy 'undruggable' proteins, which are proteins that have been traditionally difficult to target with conventional drugs.
Neomorph's business model revolves around the discovery and development of these new medicines. They leverage the expertise of their team, which includes industry-leading experts in protein degradation and molecular glues, to drive their research and development efforts. The company's revenue is likely derived from the commercialization of their discoveries, either through the sale of developed drugs or through strategic partnerships with larger pharmaceutical companies.
One of their key collaborations is with the Center for Protein Degradation at the Dana Farber Cancer Institute. This partnership underscores the company's commitment to tackling complex health problems, particularly those related to cancer.
Neomorph's approach to drug discovery involves repurposing the cellular machinery to destroy disease-causing proteins. They use a method known as 'molecular glue' degradation, which involves redirecting cellular machines to mark these proteins for degradation. This approach has gained significant interest in recent years due to its potential to tackle diseases that have been difficult to address with conventional drug discovery methods.
In summary, Neomorph is a biotech startup that operates in the healthcare sector, focusing on the discovery and development of new medicines through the science of targeted protein degradation. Their business model is centered on the commercialization of their research and development efforts, either through the sale of developed drugs or strategic partnerships.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- San Diego, United States
- Employees
- 90
- Open positions
- 10
- Dealroom signal
- 87.9/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Biotechnology, Oncology, Kidney, Spinout, Biotech and Pharma, proteomics, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Apr 2026 | $100M | $545M | Deerfield · Longwood Fund · Alexandria Venture Investments · Binney Street Capital | ↗ |
| SERIES AOther financing | Dec 2020 | $109M | $436M | Deerfield | ↗ |
Growth signals
Latest recorded traffic for Neomorph is 3.2K monthly website visits, down 50.8% over the last three months. Neomorph's team grew 15.4% over the past year.
Open positions
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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
Deerfield
Series A4 investors entered at this stage
Longwood Fund
Alexandria Venture Investments
Binney Street Capital
Regeneron Ventures
Other known investors1 additional known investor
Dana-Farber Cancer Institute
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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