Generate Biomedicines

Overview
Activities
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AI Drug Discovery?
Cell & Gene Therapy?
Product stageSegments
Seed
?
AI Drug Discovery & Development
?

Generate Biomedicines leverages its AI/ML-powered drug generation platform to develop custom protein-based therapeutics. It creates novel proteins from scratch across a wide range of protein modalities, such as peptides, enzymes, antibodies, and gene therapies. 

The company reports that its platform resolves the historical issue of the immune system's unresponsiveness to new proteins. It learns how proteins are viewed by the immune system and can recode protein sequences to evade the immune system (ones which the immune system would otherwise eliminate because they are non-human proteins entering the body).

The company mainly offers its AI platform to other drug developers to simplify and expedite the development process of protein therapeutics. It also has several drug candidates in its in-house pipeline targeting immunology, oncology, and infectious diseases. Two of the company’s drug candidates, GB-0669 for SARS-CoV-2 and GB-0895 for asthma, have entered Phase I clinical trials. 

Key customers and partnerships

Generate entered a USD 1.9 billion-worth multi-target collaboration with Amgen in January 2022 to jointly develop five novel drug targets across various therapeutic areas and modalities. 

It also partnered with the University of Texas MD Anderson Cancer Center (April 2023) and Roswell Park Comprehensive Cancer Center (November 2023) to accelerate the creation of novel therapeutics (protein and chimeric antigen receptor [CAR] T-cell therapies) in oncology. 

Funding and financials

In September 2023, the company raised USD 273 million in a Series C funding round led by Amgen to support the advancing of the company’s pipeline of protein therapies and enhance its generative biology platform.

HQ location:
Somerville MA USA
Founded year:
2018
Employees:
101-250
IPO status:
Private
Total funding:
USD 693.0 mn
Last Funding:
USD 273.0 mn (Series C; Sep 2023)
Last valuation:
USD 1.0 bn (Nov 2021)
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