Calistoga Pharmaceuticals

Calistoga Pharmaceuticals

Developing innovative oral medicines targeting selected isoforms of the PI3 kinase pathway to improve the health of patients with cancer and inflammatory diseases.

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$375m

Valuation: $375m

Acquisition
Total Funding000k
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Calistoga Pharmaceuticals, Inc. operated as a biopharmaceutical firm with a sharp focus on developing oral medications for cancer and inflammatory diseases by targeting specific isoforms of the phosphoinositide-3 kinase (PI3K) pathway. The company was established in 2006, originating as a spin-out from a drug development program at ICOS Corporation, driven by Frazier Healthcare Ventures. The founding management team included President Dr. Michael Gallatin, a seasoned executive from ICOS with extensive experience in oncology and immunology, and Chief Scientific Officer Dr. Neill Giese. Dr. Gallatin's background includes being a founding scientist at ICOS and work at the Fred Hutchinson Cancer Center, directly influencing Calistoga's direction.

The company's business model centered on the discovery and clinical development of proprietary small-molecule therapeutic candidates. Its primary market was the biopharmaceutical industry, specifically oncology and inflammation therapeutics, with patients suffering from these diseases as the ultimate clients. Revenue generation was tied to the successful progression of its drug candidates through clinical trials, leading to partnerships or acquisition. Calistoga's key achievement was demonstrating the clinical benefit of selectively targeting the delta isoform of PI3K.

Calistoga’s lead product candidate, CAL-101, was a first-in-class oral inhibitor selective for the PI3K delta isoform. This isoform is primarily expressed in white blood cells (leukocytes), making it a precise target for hematological cancers and inflammatory conditions, with the goal of minimizing side effects on other cells. CAL-101 worked through a dual mechanism: it directly induced cancer cell death and also disrupted signals that allowed these cells to survive and proliferate within protective tissue environments. The compound showed promising clinical results in patients with B-cell malignancies like chronic lymphocytic leukemia (CLL) and non-Hodgkin's lymphoma. This success and a pipeline of other PI3K inhibitors culminated in the company's acquisition by Gilead Sciences in 2011 for an initial $375 million, with potential for an additional $225 million in milestone payments.

Keywords: Calistoga Pharmaceuticals, PI3K inhibitor, CAL-101, idelalisib, oncology therapeutics, inflammatory diseases, Michael Gallatin, Gilead Sciences acquisition, hematological cancer, chronic lymphocytic leukemia, non-Hodgkin's lymphoma, targeted therapy, small-molecule inhibitor, drug development, ICOS spin-out, Frazier Healthcare Ventures, biopharmaceutical, cancer research, Zydelig

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