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Promosome

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Promosome | Next Generation Technology for Biotherapeutic Protein Synthesis

New York City, United StatesFounded 2003Biotech & Life Sciences
Valuation $10–25M Last recorded · 2011
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Promosome

Promosome LLC is a synthetic biology and biopharmaceutical company that has developed a proprietary technology for reengineering messenger RNA (mRNA) to enhance protein production. Founded in 2003, the company's scientific roots trace back to the work of the late Nobel laureate Dr. Gerald Edelman and his colleague Dr. Vincent Mauro, who serves as Promosome's Chief Scientific Officer. Their research into protein translation led to the creation of a suite of tools that optimize ribosome recruitment and translation initiation, ultimately increasing the efficiency of protein expression. This technology focuses on modifying non-protein coding regions of mRNA, which allows for enhanced translation without the risks associated with traditional codon optimization, such as synonymous mutations that could lead to immunogenicity.

The company operates in the biotechnology sector, providing its mRNA engineering technology to partners in the biotherapeutics manufacturing space. One of its key strategic partnerships was with GE Healthcare Life Sciences to develop mammalian cell line generation services aimed at boosting expression levels for difficult-to-manufacture biotherapeutics. Promosome's business model involves licensing its patented technology and forming collaborations with developers of nucleic acid therapeutics, including those working on gene therapies, mRNA therapeutics, and DNA/RNA vaccines. The company has also pursued its own internal drug development pipeline, with a program targeting alpha-1 antitrypsin deficiency.

In recent years, Promosome has been involved in significant patent infringement litigation. In June 2023, the company filed lawsuits against Moderna, Pfizer, and BioNTech, alleging that their mRNA-based COVID-19 vaccines utilized Promosome's patented technology without a license. The lawsuits claim that Promosome had shared its technology with Moderna in 2013 and with a BioNTech scientist in 2015. While the U.S. lawsuit against Pfizer and BioNTech was later dismissed, Promosome has since filed a similar suit in Europe at the UPC's Munich local division based on its European patent.

Source: Dealroom company data

At a glance

Founded
2003
Headquarters
New York City, United States
Sector
Biotech & Life Sciences

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Palisade Capital Management
Team profiled 2 named & role-tagged
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Key operators Hidden — book a demo quality score
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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Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

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