Think Bioscience extends Seed Round to accelerate pocket-finding platform [Yahoo! Finance]
ROCHE HOLDING LTD S/ADR (RHHBY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
BOULDER, Colo. May 7, 2024 /PRNewswire/ -- Think Bioscience ("Think"), a Boulder -based synthetic biology company focused on developing small-molecule therapeutics that target "undruggable" proteins, has announced a $6M Seed Expansion. Existing investors are joined by YK Bioventures, bringing total funding to $26M . The additional raise will accelerate the company's pipeline and expand their unique approach for finding new functional pockets on challenging targets. Ultimately, the biochemical properties of any small-molecule drug are constrained by its binding site, a pocket on its protein target. Despite advances in computational chemistry and structural biology, new functional pockets remain challenging to find. Think's pocket-finding process programs microbes to build small molecules that bind to functional pockets, and they use these pockets to find hits in drug-like space. They have extended their platform technology to a striking variety of targets such as protein tyrosine ph
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