QurAlis

Overview
Activities
News
Precision Medicine?
Product stageSegments
Early
?
Drug Discovery and Developers
?

QurAlis is a biotech company that develops precision medicine for amyotrophic lateral sclerosis (ALS) and related neurodegenerative diseases. The creators of QurAlis are a group of neurodegenerative biologists from Harvard University and Harvard Medical School. The company has two proprietary platforms: 1) QR43 Platform which supports the discovery and development of TDP-43 diseases and 2) QurAlis FlexASO Splice Modulator Platform to support discovery and development of different disease targets. In July 2023, the company released data that claimed Antisense oligonucleotides (ASO) generated from this platform is 3x better in terms of the potency and biodistribution of standard ASOs. 

As of July 2023, the company had four drugs in development: 1) QRL-201 aimed at restoring the production of the STATHMIN-2 (STMN2) protein in individuals with ALS and was in Phase I clinical trials , 2) QRL-101 aimed at addressing the progression of hyperexcitability-related diseases in ALS patients and was in Phase I clinical trials, 3) QRL-203 also targeting the STMN2 protein and was in the preclinical stage, and 4) QRL -204 targeting the UNC13A gene which was also in the preclinical stage. Furthermore, in July 2020, the company obtained a license from Eli Lilly and Company for a preclinical small-molecule compound to treat ALS. 

Key Customers and Partnerships

The company partnered with digital twin company Unlearn in June 2023 to collaborate on clinical-stage drugs with Unlearn’s generative AI technology. 

Funding and Financials

In March 2023, the company raised USD 88 million in an oversubscribed Series B funding round led by EQT Life Sciences. The new funds were used to expedite the clinical development of QRL-201 and QRL-101 and to support the company's research projects and advance the development of new therapies targeting specific components of ALS and related frontotemporal dementia (FTD) pathology.

HQ location:
Address 700 Main Street Cambridge MA USA
Founded year:
2016
Employees:
101-250
IPO status:
Private
Total funding:
USD 135.5 mn
Last Funding:
USD 88.0 mn (Series B; Mar 2023)
Last valuation:
-
Key competitors
 
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