O
Oak Hill Bio
Developing therapies for premature infants and rare diseases.
About Oak Hill Bio
Oak Hill Bio is a clinical-stage biotechnology company that acquires and develops deprioritized late-stage therapeutics for rare diseases. The company launched in February 2022, founded by Josh Distler and Tauhid Ali, with a business model centered on advancing promising drug candidates that larger pharmaceutical companies have discontinued, often due to strategic shifts. This strategy was initiated with the acquisition and licensing of a six-program pipeline from Takeda Pharmaceutical, which in return received an upfront payment, an ownership stake, and potential future milestones and royalties.
Co-founder Josh Distler, who now serves as CEO, has a background in building and investing in biotechnology companies, including roles at Athanor Capital and the D. E. Shaw Group. The company is headquartered in Cambridge, Massachusetts, with operations in the United Kingdom. In June 2026, Oak Hill Bio secured a $32.5 million Series A financing round to advance its lead programs.
The company's pipeline is focused on neonatology and rare autoimmune diseases. Key programs include: • **Rugonersen:** An antisense oligonucleotide (ASO) therapy for Angelman syndrome, a severe neurodevelopmental disorder. Acquired from Roche, it is designed to restore the function of the UBE3A gene. Oak Hill plans to advance Rugonersen into a Phase 3 trial in mid-2026. • **OHB-607:** A recombinant human insulin-like growth factor 1 (IGF-1) replacement therapy aimed at preventing complications in extremely premature infants, such as bronchopulmonary dysplasia (BPD). Infants born before 28 weeks have low IGF-1 levels, which is crucial for organ development. OHB-607 is currently in a Phase 2b trial in collaboration with Chiesi Group. • **OHB-101:** A first-in-class soluble recombinant version of the FcγR2B receptor designed to treat a range of immune complex-driven autoimmune diseases by preventing the inflammatory cascade. It has been studied for conditions like lupus and immune thrombocytopenia. • **OHB-401:** An oral plasma kallikrein (pKAL) inhibitor in preclinical development for diabetic macular edema.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2022
- Headquarters
- Manchester, United Kingdom
- Employees
- 29
- Open positions
- None listed
- Dealroom signal
- 54.8/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Drug Development, Autoimmune, Immune System, SPAC Target, SPAC IPO Announced
- 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 |
|---|---|---|---|---|---|
| PRIVATE PLACEMENT NON VC✓Other financing | Jul 2026 | $100M | — | Great Point Partners · Balyasny Asset Management · SilverArc Capital · Trails Edge Capital Partners | ↗ |
| SPAC IPO✓Exit | Jul 2026 | $75M | — | Research Alliance Corporation III | ↗ |
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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.
Series A4 investors entered at this stage
Balyasny Asset Management
venBio PartnersJanus Henderson Investors
KCap Biotechnology Fund
Series B and later1 investor entered at this stage
Research Alliance Corporation III
Other known investors9 additional known investors
ADAR1 Capital Management
Affinity Asset Advisors
Ally Bridge Group
BVF Partners
Great Point Partners
Logos Capital
RA Capital Management
SilverArc Capital- TPTrails Edge Capital Partners
Source: Dealroom Talent Intelligence.
Global footprint
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Market sentiment
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