D&D Pharmatech is a clinical-stage global biotechnology company that funds development and commercialization of medicines through disease-specific subsidiary companies, and is parent to Neuraly Inc., Theraly Fibrosis Inc., Precision Molecular Inc., P4Microbiome and Valted Seq. Its product pipeline targets neurodegenerative, fibrotic and metabolic diseases, with lead programs DD01, NLY01 and TLY012. DD01 is a proprietary dual agonist of GLP-1R and glucagon receptors being developed for obesity and nonalcoholic fatty liver disease, with preclinical data showing weight loss, reduced liver fat and improved glucose tolerance in mice. NLY01 is a long-acting exendin-4 analogue that penetrates the blood-brain barrier and is being developed as a potential disease-modifying agent for Parkinson’s and Alzheimer’s disease; preclinical studies showed prevention of neuronal cell death and slowed disease progression in animal models. TLY012 selectively targets myofibroblasts and reversed established fibrosis in preclinical models of liver, pancreas and skin. The company completed a $51 million Series C and plans an initial public offering in Korea in 2022; proceeds will advance DD01 into a Phase 2 trial, support Phase 2 studies of NLY01, and evaluate TLY012 in fibrotic disorders. D&D Pharmatech is a clinical-stage global biotech that operates a family of disease-specific subsidiary companies to translate academic research into therapeutic and diagnostic products. Its subsidiaries include Neuraly Inc., Precision Molecular Inc., and Theraly Fibrosis Inc., which focus on neurodegeneration, neuroinflammation imaging, and fibrosis, respectively. Neuraly’s lead asset, NLY01, is a long-acting GLP-1R agonist being developed to slow progression of Parkinson’s and Alzheimer’s via inhibition of microglial activation, with Phase II studies planned for 2019 and 2020. Precision Molecular is advancing four clinical-stage and one IND-enabling PET imaging agents to detect neuroinflammation, aiming for what the company describes as the first FDA approval for such agents. Theraly’s lead candidate, TLY012, selectively targets myofibroblasts, has reversed established fibrosis in preclinical models, and is planned to enter Phase I/II trials for chronic pancreatitis and NASH/liver fibrosis in 2020. The company is headquartered in Gyeonggi-do, Korea and Germantown, Maryland, and will use the new funding to advance these clinical and preclinical programs.

Total raised

$188M

Funding rounds

2

Latest round

Series C

Latest activity

Oct 2021