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Triplet Therapeutics
Triplet is developing transformative therapies that treat repeat expansion disorders at their source
About Triplet Therapeutics
Triplet Therapeutics was a biotechnology firm established in 2018 by Nessan Bermingham, a serial entrepreneur and venture partner at Atlas Venture, alongside Andrew Fraley and Atlas Venture itself. Bermingham, who also co-founded Intellia Therapeutics and Korro Bio, brought nearly two decades of experience in leading life science startups to the venture. The company launched publicly in December 2019 with a substantial $59 million in financing, which included a $10 million seed investment from Atlas Venture and a $49 million Series A round. The Series A was co-led by MPM Capital and Pfizer Ventures, with participation from Invus, Partners Innovation Fund, and Alexandria Venture Investments.
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The company focused on developing treatments for repeat expansion disorders (REDs), a category of over 40 genetic diseases such as Huntington's disease, myotonic dystrophy, and various spinocerebellar ataxias. Triplet's scientific premise was based on targeting the DNA Damage Response (DDR) pathway, which human genetic evidence identified as a central driver of the onset and progression of these disorders. The business model centered on creating novel therapies that could halt or slow disease progression by addressing the root genetic cause. Its therapeutic strategy involved developing antisense oligonucleotides (ASOs) and small interfering RNAs (siRNAs) to precisely reduce the activity of key components in the DDR pathway. This approach was considered upstream to other methods in development, as it targeted the fundamental driver of the diseases.
Triplet's lead clinical candidate was TTX-3360, an ASO designed to target the MSH3 component of the DDR pathway. The therapy was intended to be delivered via intracerebroventricular injection to reach deep brain structures affected early in Huntington's disease. The company also initiated a natural history study called SHIELD-HD to gather data that would inform its clinical trials. Despite its promising start and scientific approach, Triplet Therapeutics ceased operations around October 2022. The closure was attributed to a combination of factors, including clinical setbacks related to the toxicity of its lead ASO compound in the central nervous system during animal studies, and difficulties in securing further investment. The broader context of clinical trial failures for Huntington's disease by other companies and a general slowdown in biotech financing contributed to the challenging funding environment. Following its closure, the company's assets were acquired through an assignment for the benefit of creditors process.
At a glance
- Status
- Closed
- Founded
- 2019
- Headquarters
- Cambridge, United States
- Employees
- 13
- Open positions
- None listed
- Dealroom signal
- 0.0/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Biotechnology, DNA, Genetics and genomics, Biotech and Pharma, Hard Tech, DT and LS, science-based
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Triplet Therapeutics.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | Dec 2019 | $49M | $196M | Invus · Partners Innovation Fund · MPM BioImpact | — |
| SEEDOther financing | Jan 2019 | $10M | $40M | Atlas Venture | — |
Growth signals
Latest recorded traffic for Triplet Therapeutics is 60 monthly website visits, down 83.3% over the last three months. Triplet Therapeutics's team grew 0% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Series A3 investors entered at this stage
MPM BioImpact
Invus- PFPartners Innovation Fund
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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