Tr1X

Tr1X

Develops cellular immunotherapies for autoimmune diseases

About Tr1X

Simplify's Rating
Why Tr1X is rated
C+
Rated D- on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$73M

Headquarters

San Diego, California

Founded

2018

Overview

Tr1X focuses on developing cellular immunotherapies aimed at treating autoimmune and inflammatory diseases. The company uses a proprietary platform to create cell therapy products that help rebalance the immune system and restore balance within the body, which can lead to long-term tolerance of the immune response. Unlike many other companies in the biopharmaceutical sector, Tr1X specializes in first-in-class therapies that target the underlying causes of these diseases rather than just managing symptoms. The goal of Tr1X is to provide advanced therapeutic solutions that improve the quality of life for patients suffering from these challenging conditions.

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Simplify's Take

What believers are saying

  • FDA clearance for TRX103 IND boosts Tr1X's credibility and market potential.
  • $75M Series A funding supports rapid development of Tr1X's therapies.
  • Growing autoimmune therapeutics market offers significant opportunities for Tr1X's products.

What critics are saying

  • Emerging competition in allogeneic Treg therapy could impact Tr1X's market share.
  • High manufacturing costs may pose financial risks for Tr1X.
  • Regulatory hurdles could delay Tr1X's product development and market entry.

What makes Tr1X unique

  • Tr1X uses a proprietary platform for novel cellular immunotherapies.
  • The company focuses on allogeneic regulatory T-cell therapies for autoimmune diseases.
  • Tr1X's TRX103 is the first allogeneic engineered Tr1 regulatory T cell product.

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Funding

Total Funding

$73M

Above

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$75M
Tr1X
$100M
GitHub

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Company Match

Flexible Work Hours

Stock Options

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

2%

2 year growth

2%
Yahoo Finance
Apr 10th, 2024
Tr1X Announces Fda Clearance Of First Investigational New Drug Application For Trx103, An Allogeneic Regulatory T-Cell Therapy To Treat Autoimmune Diseases

Company to initiate Phase 1 study of Graft versus Host Disease (GvHD) prevention in patients undergoing hematopoietic stem cell transplantation in Q2 2024Second IND application for refractory Crohn's disease expected in Q3 2024Highly scalable platform enables efficient pipeline expansion and opportunity beyond first two indicationsSAN DIEGO, April 10, 2024 /PRNewswire/ -- Tr1X, Inc., an autoimmune and inflammatory disease cell therapy company focused on the development of novel allogeneic regulatory T cell therapies (Allo-Tregs) and allogeneic regulatory T cells expressing Chimeric Antigen Receptors (Allo-CAR Tregs), today announced the U.S. Food and Drug Administration (FDA) accepted the company's Investigational New Drug (IND) application for TRX103 for the prevention of Graft versus Host Disease (GvHD) in patients undergoing HLA-mismatched hematopoietic stem cell transplantation (HSCT). The company plans to initiate a Phase 1 study of TRX103, an investigational allogeneic off-the-shelf Tr1 Treg therapy, for this indication in the second quarter of 2024. Additionally, the company is on track to submit an IND for TRX103 for patients with refractory Crohn's disease in the third quarter of 2024."The FDA's clearance of our IND for TRX103, the first ever allogeneic engineered Tr1 regulatory T cell product, is an important milestone that could quickly provide us with proof-of-concept data while we continue to develop TRX103 for multiple autoimmune and inflammatory diseases, including Crohn's disease," said Maria Grazia Roncarolo M.D., Co-Founder, President and Head of R&D at Tr1X. "Donor-derived autologous Tr1 cells have shown clinical promise in improving immune reconstitution and reducing GvHD but have limited potential due to lack of feasibility and high cost. TRX103, an off-the-shelf product with unique biological properties compared to other Treg and CAR-T cell therapies, has the potential to reduce inflammation, suppress pathogenic cells, and reset the immune system

BioSpace
Jan 18th, 2024
Cell Therapy Startup Tr1X Emerges from Stealth with $75M Series A

Cell therapy startup Tr1X emerges from stealth with $75M Series A.

PR Newswire
Jan 17th, 2024
Tr1X, Inc. Announces $75 Million Series A Financing to Develop Best-in-Class Universal Allogeneic Regulatory T (Treg) and CAR-Treg Cell Therapies to Treat and Potentially Cure Autoimmune and Inflammatory Diseases

Financing led by The Column Group, with participation from NEVA SGR and Alexandria Ventures, will enable immediate and expedited execution to advance Tr1X's...

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