• Investment to progress newly discovered Antibody Assets

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Investment to progress newly discovered Antibody Assets

Mar 20 2023

Biotech Antiverse has successfully identified functional antibody clusters targeting two G-protein-coupled receptors (GPCRs), both displaying versatile binding profiles and nanomolar affinity. Newly raised funding of $3 million (c £2.5 million) will allow further development, aiming to show the highest affinity blocking function as an indication of their starting points as therapeutic assets.

The Cardiff-based company’s proprietary computational antibody drug discovery platform was used to identify a diverse set of binders to two structurally distinct GPCRs and following fluorescence-activated cell sorting (FACS), 8 antibodies were identified as human GPCR binders, seven of which were confirmed as antagonists blocking GPCR activity.

As a class of cell membrane receptors, GPCRs play a crucial role in various physiological processes linking to severapathologies and diseases including diabetes, cardiovascular and psychiatric disorders. Despite these connections, very few biologic therapies have been developed for GPCRs, as they are notoriously challenging to generate antibodies against. With over 400 GPCRs linked to over 30 diseases and only two FDA-approved antibody therapeutics existing for this family of receptors, these assets have significant potential for therapeutic applications.

The $3 million investment was received from new investors InnoSpark, AngelHub, Kadmos Capital and Tomorrow Scale, as well as existing investors, Tensor Ventures, Deep Science Ventures, Ed Parkinson and Development Bank of Wales (DBW).

Murat Tunaboylu, co-founder and CEO of Antiverse, said: “This is the most comprehensive validation of our platform thus far. While identifying antibodies to GPCRs has traditionally been a complex and time-intensive process requiring expensive specialist technology and training, we have demonstrated that Antiverse’s drug discovery platform can achieve this in a fraction of the time and cost. GPCRs are commercially interesting targets associated with various indications, and these antibodies offer a path to first in vivo results and can potentially be our first assets. I would like to thank our investors, this funding will enable us to continue to develop these assets in-house with our academic collaborators.”

Peter Pack, antibody engineer and NED at Antiverse, added: “Antiverse’s AI-powered methods to generate nanomolar binders against “difficult” antigens such as GPCRs in silico is a gamechanger in the antibody discovery industry, the most important innovation since the invention of phage display. We will see large savings in cost and time in the discovery and development of antibodies.”

Matt Fates, a board member at Antiverse and partner at InnoSpark commented: “We see tremendous potential in the Antiverse platform. Their combination of AI-driven antibody design with proprietary laboratory validation shows great promise in targeting historically challenging GPCRs linked to cancer and a wide variety of other conditions. We congratulate the team on their achievement in the pursuit of bringing new treatments to patients."

Antiverse recently moved from Cardiff University’s Meditech Centre to its new sbarcIspark building located nearby, having joined Cardiff Innovations.

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