Relay Therapeutics

Relay Therapeutics

Biotech company focused on drug discovery

About Relay Therapeutics

Simplify's Rating
Why Relay Therapeutics is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

201-500

Company Stage

IPO

Total Funding

$535M

Headquarters

Cambridge, Massachusetts

Founded

2016

Overview

Relay Therapeutics focuses on drug discovery by emphasizing the movement of proteins in its research. The company uses its Dynamo™ platform, which integrates experimental and computational methods, to identify and develop new drugs, particularly for complex diseases that are hard to treat with current therapies. This platform enables Relay to target proteins that have previously been difficult to address, expanding treatment options in areas like precision oncology and genetic diseases. Unlike many competitors, Relay's approach is centered on understanding protein dynamics, which allows for more effective drug development. The company aims to deliver impactful medicines to patients and is engaged in clinical trials to ensure the safety and effectiveness of its drug candidates.

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Funded Recently
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Simplify's Take

What believers are saying

  • AI-driven drug discovery complements Relay's computational techniques, enhancing drug development.
  • Quantum computing integration could boost Dynamo's capabilities in drug discovery.
  • Rising personalized medicine trend aligns with Relay's precision medicine focus.

What critics are saying

  • Increased competition from VantAI threatens Relay's market position.
  • Layoffs may impact Relay's operational efficiency and research progress.
  • Reliance on public offerings suggests potential financial instability for Relay.

What makes Relay Therapeutics unique

  • Relay's Dynamo platform targets previously undruggable proteins, expanding treatment possibilities.
  • Focus on protein motion places Relay at the forefront of innovative drug discovery.
  • Relay's precision oncology approach tailors treatments to individual genetic profiles.

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Funding

Total Funding

$535M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Medical, dental, vision

Life, disability, & FSA

401k

Commuter benefits

Parental leave

Home office stipend

Tuition reimbursement

PTO

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

2%
Pattern of USA
Oct 7th, 2024
Job Reductions Update: Kaléo to Cut 58 Positions, Ongoing Layoffs at Stryker

Relay Therapeutics has announced it will be laying off about 10% of its workforce, impacting approximately 30 employees, as confirmed by a spokesperson in a statement to BioSpace.

Relay TX
Sep 18th, 2024
Relay Therapeutics Announces Pricing of Public Offering of Common Stock | Relay Therapeutics

CAMBRIDGE, Mass., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Relay Therapeutics, Inc. (Nasdaq: RLAY), a clinical-stage precision medicine company transforming the drug discovery process by combining leading-edge computational and experimental technologies, announced today the pricing of an underwritten

GlobeNewswire
Sep 11th, 2024
Relay Therapeutics Announces Pricing of Public Offering of Common Stock

Relay Therapeutics announces pricing of public offering of common stock.

Stock Titan
Sep 11th, 2024
Relay Therapeutics Announces Pricing of Public Offering of Common Stock | RLAY Stock News

Relay Therapeutics announces $200M public offering of 28.5M shares at $7 each. Learn how this biotech firm plans to use the funds and what it means for investors. Closing expected Sept 12.

Tech Times New York
Sep 9th, 2024
Relay Therapeutics Announces Proposed Public Offering of Common Stock

Relay Therapeutics announces proposed public offering of common stock.

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