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Tolerx
Novel therapies that modulate T-cell activities to treat patients with autoimmune diseases, diabetes and cancer
About Tolerx
Tolerx, Inc. was a biopharmaceutical firm founded in 2000 by Douglas J. Ringler, VMD, and Professor Herman Waldmann of the University of Oxford. Headquartered in Cambridge, Massachusetts, the company concentrated on developing therapies to reprogram the immune system to treat autoimmune diseases, diabetes, and cancer. The company's business model revolved around the discovery and clinical development of novel monoclonal antibodies, with a strategy to form major partnerships for late-stage development and commercialization.
The company's primary focus was modulating T-cell activity to achieve long-term remission for immune-related conditions. Its lead product candidate, otelixizumab (TRX4), was a humanized anti-CD3 monoclonal antibody aimed at treating type 1 diabetes. Tolerx advanced otelixizumab to a pivotal Phase 3 clinical trial, known as DEFEND (Durable-response therapy Evaluation For Early or New-onset type 1 Diabetes). In October 2007, Tolerx entered into a significant global alliance with GlaxoSmithKline (GSK) to co-develop and commercialize otelixizumab, a deal potentially valued at over $760 million. Under this partnership, Tolerx was responsible for the Phase 3 program for type 1 diabetes in the U.S., while GSK held rights for other indications and regions.
Beyond diabetes, Tolerx's pipeline included several other promising candidates. In collaboration with Genentech, it was developing MTRX1011A (a modified version of TRX1), an anti-CD4 antibody for autoimmune diseases like rheumatoid arthritis and lupus. The company was also advancing TRX518, an anti-GITR antibody intended to enhance anti-tumor immune responses for cancer treatment, which entered Phase 1 trials in late 2010. In March 2011, Tolerx announced that the DEFEND-1 Phase 3 study for otelixizumab did not meet its primary endpoint. This clinical failure was a major setback, leading the company to wind down operations, lay off most of its staff, and auction its remaining assets by October 2011.
Source: Dealroom company dataAt a glance
- Founded
- 2000
- Headquarters
- Cambridge, United States
- Sector
- Biotech & Life Sciences
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
- HVHealthCare Ventures
Rho Ventures
Skyline Ventures
Series B and later8 investors entered at this stage
Mizuho Capital
Sprout Group- YDYasuda Enterprise Development
- VLVERTEX MANAGEMENT LIMITED
Genentech
NIF Ventures
Aozora Bank
Tenaya Capital
Source: Dealroom Talent Intelligence.
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