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Tolerx

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Novel therapies that modulate T-cell activities to treat patients with autoimmune diseases, diabetes and cancer

Cambridge, United StatesFounded 2000Biotech & Life Sciences
Valuation $5–10M Last recorded · 2010
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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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 data

At a glance

Founded
2000
Headquarters
Cambridge, United States
Sector
Biotech & Life Sciences

Investors

11 investors on the cap table

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

Series A3 investors entered at this stage

  • HealthCare Ventures
  • Rho Ventures
  • Skyline Ventures

Series B and later8 investors entered at this stage

  • Mizuho Capital
  • Sprout Group
  • Yasuda Enterprise Development
  • VERTEX MANAGEMENT LIMITED
  • Genentech
  • NIF Ventures
  • Aozora Bank
  • Tenaya Capital
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
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

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

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