
Alkeus Pharmaceuticals
Alkeus Pharmaceuticals: Developing Treatments for Dry-AMD & Stargardt disease.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | $150m | Series B | |
Total Funding | 000k |
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Alkeus Pharmaceuticals is a biotech startup that operates in the healthcare sector, specifically focusing on the development of treatments for genetic eye diseases. The company's primary product is ALK-001, a breakthrough therapy designed to treat Stargardt disease, a common genetic cause of blindness in children and young adults. Currently, there is no treatment for this disease, which affects over 30,000 people in the United States alone.
Stargardt disease is caused by defects in the ABCA4 gene, which results in the accumulation of toxic by-products in the eye, leading to progressive vision loss. Alkeus's ALK-001 is a modified version of vitamin A, designed to perform all the functions of vitamin A needed for sight, but without the tendency to form these toxic by-products.
The company's business model is based on the research, development, and eventual sale of this breakthrough therapy. They make money by developing and patenting their unique treatments, and then selling them to healthcare providers and patients. Their primary market is individuals suffering from Stargardt disease, but their research could potentially be applicable to other genetic eye diseases as well.
Keywords: Biotech, Healthcare, Genetic Eye Diseases, Stargardt Disease, ABCA4 Gene, Breakthrough Therapy, ALK-001, Vitamin A, Research and Development, Patent.