South San Francisco, CA – Frontier Medicines today announced that FierceBiotech named the company as one of 2019’s Fierce 15 biotechnology companies. This is FierceBiotech’s 17th annual Fierce 15 selection, which recognizes the most promising private biotechnology companies in the industry.
“This year has seen unrivalled scientific talent in the early-stage life sciences world. It has been a pleasure to for us at FierceBiotech to speak to all 15 winners and hear their passion, progress and panache,” said Ben Adams, Senior Editor of FierceBiotech. “Each company brought something different, exciting and potentially life-changing for myriad patients around the world across a host of diseases and disorders. These companies use cutting-edge science, top-notch teams and a drive to genuinely make the world a better place, despite the risks and challenges that, as ever in biotech, lay ahead.”
In June, Frontier Medicines announced the closing of a Series A Preferred Stock financing round of $67 million led by Deerfield Management, Droia Oncology Ventures and MPM Capital, with participation from DCVC Bio (an affiliated fund of DCVC), RA Capital Management and other investors. The company is using chemoproteomics – an innovative approach to chemically interrogate proteins in living systems – to discover and pharmacologically target new binding pockets (or “hotspots”) on proteins. This process makes them accessible to small-molecule drug discovery and development.
“We are thrilled to be recognized as a Fierce 15 company, an award which reflects the innovative nature of our chemoproteomics platform and its ability to address previously inaccessible disease-causing proteins,” said Chris Varma, Ph.D., co-founder and CEO of Frontier Medicines. “While we are taking on a considerable challenge, we believe this approach will have a tremendous impact on transforming patients’ lives for the better. Our entire team would like to thank FierceBiotech for honoring Frontier Medicines as one of this year’s Fierce 15.”
FierceBiotech is an internationally recognized daily report reaching biotech and pharma industry professionals. Each year, FierceBiotech evaluates hundreds of private companies from around the world for its annual Fierce 15 list, which is based on a variety of factors such as the strength of its technology, partnerships, venture backers and a competitive market position.
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About Frontier Medicines
Frontier Medicines is a precision medicine company that has pioneered a proprietary discovery and development platform to develop medicines against disease-causing proteins previously considered undruggable. The company is deploying its groundbreaking scientific approaches in chemoproteomics, covalent drug discovery, and machine learning to develop medicines to treat a number of debilitating diseases, starting with cancer. In its quest to “drug the undruggable,” Frontier Medicines seeks to significantly broaden the therapeutic landscape with novel small molecule alternatives to change the course of a broad range of diseases. For more information, visit www.frontiermeds.com and follow us on LinkedIn.