A new biotech is raising money to develop a drug believed to be capable of starving cancer cells, based on research out of lauded cancer researcher Bert Vogelstein’s lab.
The Boston-based company, Cage Pharma, has already received funding from Catalio Capital Management and hopes to raise up to $35 million in a Series A round, according to a person with knowledge of the company’s plans. Catalio co-founder and managing partner R. Jacob Vogelstein confirmed the plans, adding that the financing round should fuel the company for long enough to yield clinical data.
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Catalio has been working closely with Bert Vogelstein’s lab at Johns Hopkins University over the last several years to turn a therapy that is toxic on its own into a viable treatment for several different types of cancer. (Bert Vogelstein is a venture partner at Catalio and father to co-founder Jacob Vogelstein. Catalio has invested in multiple companies based on Bert Vogelstein’s research, including Thrive Earlier Detection and Haystack Oncology, both of which were quickly acquired.)
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