Kurome Closes $15 Million Financing to Develop Targeted Kinase Inhibitors to Treat Rare Blood Cancers
June 10, 2021
Kurome Therapeutics, a company developing treatments for hematopoietic cancers that target adaptive resistance mechanisms while inhibiting critical disease modifying genes, closed a $15 million series A financing co-led by Medicxi and Affinity Asset Advisors, with participation from founding investor CincyTech and other seed investors.
“This financing allows us to expand our R&D program to substantially de-risk compound selection as we identify our first development candidate in advance of IND filing,” said Kurome CEO and Chief Scientific Officer Jan Rosenbaum.
The funding will support the preclinical advancement of dual IRAK1/4 and panFLT3 inhibitors to target cancer cells that evade the effects of both targeted therapy and chemotherapy drugs via adaptive resistance mechanisms, having co-opted IRAK1/4-mediated immune signaling pathways to survive. The biology being currently investigated was discovered by Daniel Starczynowski, principal investigator and co-Leader of the Hematologic Malignancies Program at Cincinnati Children’s Cancer and Blood Diseases Institute.
Specifically, these treatments are initially focused on improving outcomes in poor prognosis acute myeloid leukemia (AML) patients but will look to expand its focus across a range of hematopoietic cancers, including pre-leukemic conditions such as myelodysplastic syndromes (MDS), as well as certain solid tumors where dysregulated IRAK1/4 signaling and inflammation may play a pathogenic role in tumorigenesis.
Launched in 2020, Kurome secured initial seed funding led by CincyTech based on research at Cincinnati Children’s Hospital Medical Center in collaboration with the National Institutes of Health’s National Center for Advancing Translational Sciences.
“In multi-factorial hematological malignancies like AML, we are excited by the early clinical data of combined IRAK4 and FLT3 inhibition in patients. The Kurome team has generated compelling preclinical data that suggests a differentiated approach with potential advantages over others in this emerging space,” said Aaron Kantoff, venture partner at Medicxi.
Kantoff and Daniel Heller, general partner and chief investment officer at Affinity Asset Advisors will join the Kurome Therapeutics board of directors.
Author: Rare Daily Staff
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