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Synta Pharmaceuticals
Biotech & Life Sciences · Lexington, United States · Founded 2000 · IPO 2007
Innovative, agile biopharmaceutical company focused on research, development and commercialization of novel oncology medicines that have the potential to change the lives of cancer patients MoreLess
Synta Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing novel therapeutics that target specific thyroid hormone receptor pathways in the liver. These pathways are crucial regulatory mechanisms for a range of cardio-metabolic and fatty liver diseases, which have high unmet medical needs. The company's lead candidate, resmetirom (MGL-3196), is an orally administered, small molecule that selectively targets thyroid hormone receptors in the liver. This candidate has shown broad activity and a favorable safety profile, prompting the initiation of Phase 3 clinical studies. The primary study, MAESTRO-NASH, aims to resolve non-alcoholic steatohepatitis (NASH) and reduce liver fibrosis, with secondary goals including lowering LDL cholesterol. Another study, MAESTRO-NAFLD-1, focuses on non-alcoholic fatty liver disease (NAFLD). Synta Pharmaceuticals operates in the biopharmaceutical market, primarily serving patients with advanced liver conditions. The company generates revenue through the development and potential commercialization of its therapeutic candidates. Keywords: biopharmaceutical, thyroid hormone, liver diseases, cardio-metabolic, NASH, NAFLD, resmetirom, clinical trials, therapeutics, unmet medical need.
Valuation & funding
Synta Pharmaceuticals funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Apr 2016 | $60M | $60M | Madrigal Pharmaceuticals | ↗ |
| POST IPO EQUITYOther financing | Apr 2015 | $39M | — | Undisclosed | — |
| POST IPO EQUITYOther financing | Jan 2010 | $23M | — | Undisclosed | — |
| EARLY VCOther financing | Jan 2010 | $3.8M | $15M | Undisclosed | — |
| IPOOther financing | Feb 2007 | $50M | $338M | Undisclosed | ↗ |
| LATE VCOther financing | Oct 2006 | Undisclosed | — | ||
| SERIES DOther financing | Dec 2004 | Undisclosed | — | ||
| SERIES COther financing | Jan 2004 | Galleon Group · SunAmerica · Caxton Associates | — | ||
| SERIES BOther financing | Apr 2003 | Undisclosed | — | ||
| LATE VCOther financing | May 2002 | Undisclosed | — |
Growth signals
Synta Pharmaceuticals website traffic
Latest recorded traffic for Synta Pharmaceuticals is 110 monthly website visits.
Comparisons
Synta Pharmaceuticals compared with similar companies
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Talent graph
Synta Pharmaceuticals's talent
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Investors
4 investors on Synta Pharmaceuticals's cap table
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Global footprint
Where Synta Pharmaceuticals has talent and traffic
In the news
Latest news about Synta Pharmaceuticals
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Market sentiment
What the market is saying about Synta Pharmaceuticals
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