Tango Therapeutics

Tango Therapeutics

Develops targeted cancer therapies using synthetic lethality

About

Tango Therapeutics develops targeted cancer treatments using the principle of synthetic lethality, which allows them to design drugs that kill cancer cells while leaving healthy cells unharmed. Their approach focuses on the interaction between genes, where the loss of both genes leads to cell death, but the loss of only one does not. This method enables them to create therapies that are more precise in targeting tumors. Tango operates in the oncology market, primarily serving healthcare providers and pharmaceutical companies interested in advanced cancer therapies. They collaborate with larger pharmaceutical firms, like Gilead Sciences, to co-develop their treatments, which helps in funding and speeding up the process of bringing these drugs to market. Tango's goal is to advance their pipeline of targeted immunotherapies through strong research and development efforts and strategic partnerships.

Company Stage

IPO

Employees

51-200

Industries

Biotechnology, Healthcare

Total Funding

$341.4M

Headquarters

Cambridge, Massachusetts

Founded

2017


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Simplify's Take

What believers are saying

  • Growing interest in synthetic lethality enhances Tango's innovative approach in oncology.
  • Recent $80 million financing strengthens Tango's financial position for future developments.
  • FDA clearance for TNG348 and TNG462 boosts Tango's clinical trial advancements.

What critics are saying

  • Discontinuation of TNG348 due to liver toxicity may affect investor confidence.
  • Reliance on partnerships for financial support poses risks if partnerships change.
  • Intensifying competition in precision oncology could impact Tango's market share.

What makes Tango Therapeutics unique

  • Tango leverages synthetic lethality to target cancer cells while sparing healthy ones.
  • Their focus includes counteracting tumor suppressor gene loss and immune evasion.
  • Strategic collaborations with pharma companies accelerate development and commercialization of therapies.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

2%

2 year growth

10%

Benefits

Hybrid Work Options

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