
Work Here?
Work Here?
Work Here?
LifeMine Therapeutics searches for new medicines by mining genetically-encoded small molecules (GEMs) from nature, especially fungi. Its drug discovery engine combines gigascale DNA sequencing, artificial intelligence, and synthetic biology to explore the biosphere in a digital way and identify promising GEMs that can become drugs. The company moves from large-scale data on biosynthetic genes to lead compounds that may treat hard-to-solve diseases. Unlike many firms that design chemicals in a lab, LifeMine focuses on naturally inspired molecules recovered from fungal genomes and uses a dedicated genome repository to guide discovery, which helps it find novel medicines that work in new ways. The goal is to commercialize these newly discovered drugs to address medical needs previously unmet by existing therapies.
Industries
Data & Analytics
AI & Machine Learning
Biotechnology
Healthcare
Company Size
11-50
Company Stage
Series E
Total Funding
$468M
Headquarters
Cambridge, Massachusetts
Founded
2017
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$468M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
LifeMine Therapeutics has raised $188 million in Series E funding, with backing from Bill Gates and Jeff Bezos. The Massachusetts biotech had laid off staff over a year ago and paused its fungus-based platform to focus on its lead asset due to limited resources. The company is now reviving its platform technology following the substantial investment. Gates reportedly urged the company to "bring back this platform", demonstrating confidence in LifeMine's fungus-based approach to drug discovery. The funding marks a significant turnaround for the biotech, which had been forced to make difficult decisions about resource allocation before securing support from the high-profile investors.
LifeMine Therapeutics to expand into 117,645 square feet of space in Watertown Massachusetts. LifeMine Therapeutics to expand into 117,645 square feet of space in Watertown Massachusetts.Watertown, Massachusetts — According to state and local development sources, LifeMine Therapeutics plans to build out 117,645 square feet of new space in Watertown. The company plans to occupy the new space at 66 Galen Street in Watertown, on or about April 1, 2025. According to the company website LifeMine is a biopharmaceutical company pioneering Top-Down Drug Discovery, a bold new approach that leverages evolutionary insights from fungi to unearth next-generation precision medicines. Through our data-immersive and technologically expansive discovery engine, we are uniquely positioned to bring mechanistically and structurally novel precision medicines to patients in urgent need of breakthrough disease intervention. LifeMines initial pipeline programs are focused in organ transplantation and antifungals
“Elliot and Lata are truly distinguished and accomplished drug development professionals. We welcome them with great enthusiasm to crucial leadership positions on the LifeMine expeditionary force,” said Gregory Verdine, Ph.D., co-founder, president and chief executive officer of LifeMine. “Their deep expertise, spanning target selection and preclinical discovery through all phases of clinical investigation and on to FDA approval, will be critical as we continue to source mechanistically and structurally novel small molecule leads and drive them toward the clinic with unparalleled speed, predictability and scalability."Elliot Ehrich, M.D., appointed to CMO and EVP, translational scienceDr. Ehrich most recently served as president of Skyhawk Therapeutics. Before joining Skyhawk as the company’s chief medical officer, Dr. Ehrich served as a venture partner at 5AM Ventures and as chief medical officer at Expansion Therapeutics, a 5AM Ventures portfolio company
CAMBRIDGE, Mass.--(BUSINESS WIRE)--LifeMine Therapeutics Inc., a biopharmaceutical company refashioning drug discovery by mining genetically-encoded small molecules (GEMs) from the biosphere, today announced the appointment of Elliot Ehrich, M.D., as chief medical officer and executive vice president of translational science, and of Lata Jayaraman, Ph.D., as executive vice president and head of biology. “Elliot and Lata are truly distinguished and accomplished drug development professionals. We welcome them with great enthusiasm to crucial leadership positions on the LifeMine expeditionary force,” said Gregory Verdine, Ph.D., co-founder, president and chief executive officer of LifeMine. “Their deep expertise, spanning target selection and preclinical discovery through all phases of clinical investigation and on to FDA approval, will be critical as we continue to source mechanistically and structurally novel small molecule leads and drive them toward the clinic with unparalleled speed, predictability and scalability."
CAMBRIDGE, Mass.--(BUSINESS WIRE)--LifeMine Therapeutics Inc., a biopharmaceutical company reinventing drug discovery by mining genetically-encoded small molecules (GEMs) from the biosphere, today announced the appointment of Jennifer Jarrett to its board of directors. Ms. Jarrett is an accomplished executive in the healthcare and technology industries with expertise spanning operations, capital markets, finance, corporate development and strategy. “LifeMine continues to attract stellar talent both within the company and on our board of directors,” said Gregory Verdine, Ph.D., co-founder, president and chief executive officer of LifeMine. “Jen brings deep operating, financial and company-building experience, which will complement the existing capabilities of our board. Her expertise will be instrumental as we work to further grow and scale the organization to reinvent small molecule drug discovery and develop high-impact therapeutics in oncology and immune modulation.”
Find jobs on Simplify and start your career today
Industries
Data & Analytics
AI & Machine Learning
Biotechnology
Healthcare
Company Size
11-50
Company Stage
Series E
Total Funding
$468M
Headquarters
Cambridge, Massachusetts
Founded
2017
Find jobs on Simplify and start your career today