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Scorpion Therapeutics

Develops precision oncology drugs through partnerships

Overview

Scorpion Therapeutics develops precision oncology drugs targeting validated cancer drivers and advances them through R&D partnerships. Its compounds are designed to interact with specific cancer targets and optimize potency, selectivity, and drug-like properties using chemistry, proteomics, computation, and machine learning, with commercialization handled via collaborations. The company differentiates itself by integrating deep multidisciplinary expertise and pursuing milestone/royalty partnerships with established pharma players rather than relying solely on internal development. Its goal is to deliver fast, targeted, and potent cancer therapies that reach patients worldwide.

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About Scorpion Therapeutics

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

Industries

AI & Machine LearningBiotechnologyHealthcare

Company Size

11-50

Company Stage

Acquired

Total Funding

$420M

Headquarters

Boston, MA

Founded

2020

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Simplify's take

What believers are saying

  • Lilly’s 2026 transaction validates Scorpion’s discovery engine and raises partner interest immediately.
  • Pierre Fabre’s 2023 deal still funds global EGFR development and preserves U.S., Canada, Japan rights.
  • Scorpion’s 2026 pipeline update shows breadth beyond PI3Kα, with partnered and wholly-owned programs.

What critics are saying

  • Lilly’s $2.5 billion STX-478 license strips Scorpion’s flagship and cash-generating centerpiece, closing 2026.
  • The remaining company depends on two EGFR programs, both early-stage and clinically unproven.
  • A failed STX-721 or STX-241 readout kills the spinout’s value and financing leverage.

What makes Scorpion Therapeutics unique

  • Scorpion’s Precision Oncology 2.0 built mutant-selective PI3Kα chemistry, not me-too oncology assets.
  • STX-478 targets PI3Kα-mutant tumors with CNS penetration and high mutant selectivity, per 2026 data.
  • STX-721 and STX-241 attack resistant EGFR mutations, including exon 20 and C797S.

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Funding

Total Funding

$420M

Above

Industry Average

Funded Over

4 Rounds

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

Growth & Insights and Company News

6 month growth

0%

1 year growth

-5%

2 year growth

0%
Eli Lilly and Company
May 5th, 2026
Lilly to acquire Scorpion Therapeutics' mutant-selective PI3Kα inhibitor program | Eli Lilly and Company

The Investor Relations website contains information about Eli Lilly and Company's business for stockholders, potential investors, and financial analysts.

Business Wire
Jun 11th, 2025
Antares Therapeutics Launches with $177 Million to Develop First-in-Class Precision Medicines for Cancer and Other Serious Diseases

Antares Therapeutics, Inc. (“Antares”), a biotechnology company developing first-in-class precision medicines for cancer and other serious diseases, launched...

Pharmaceutical Technology
Jul 17th, 2024
Scorpion Therapeutics secures $150m for oncology pipeline

In conjunction with the funding, Lightspeed Venture partner Shelley Chu will become an investor board member and Frazier Life Sciences managing partner Albert Cha will join the board of Scorpion as an observer.

FinSMEs
Jul 16th, 2024
Scorpion Therapeutics Raises $150M in Series C Financing

Scorpion Therapeutics, a Boston, MA-based clinical-stage oncology company, raised $150M in Series C funding

Business Wire
Jan 4th, 2024
Scorpion Therapeutics Appoints Adam Friedman, M.D., Ph.D., as Chief Executive Officer and Expands Leadership Team

Scorpion Therapeutics appoints Adam Friedman, M.D., Ph.D., as Chief Executive Officer and expands Leadership Team.

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