Bio Palette develops therapeutics, leveraging its gene editing platform that combines microbiomes and non-cutting gene editing. The platform follows the base editing technology that targets a single base in the genome, without creating unnecessary DNA modifications, thereby designing more precisely targeted therapies. The company also has two other platforms: 1) Target-AID for base replacement in a specific target in the DNA and 2) Target-G for random base conversion within a certain range in the DNA.
As of April 2023, the company had five candidates in its product pipeline. Its lead candidate, for treatment of Inflammatory Bowel Disease (IBD) had reached its optimization stage, while its other candidates varied between in-vivo and in-vitro testing stages.
Key customers and partnerships
The company holds an exclusive license from Kobe University to use the base editing technology and entered into a co-license agreement with Beam Therapeutics in 2019, which already has a license from Harvard University to use the base editing technology.
Funding and financials
In September 2020, Bio Palette raised JPY 1 billion (USD 9.5 million) in a Series A funding round with third-party allotment of new shares, underwritten by JAFCO. The proceeds were earmarked for advancing its microbiome therapeutics pipeline, growing its team, and expanding its R&D capabilities.
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