AltPep
Private Company
Total funding raised: $79.5M
Overview
AltPep is pioneering a novel approach to amyloid diseases by targeting the toxic soluble oligomers that form early in disease progression, rather than the later-stage plaques. Founded in 2018 on decades of academic research from the University of Washington, the company has built a dual-purpose platform for both diagnostics (SOBA) and therapeutics (SOBIN). Its lead programs are in preclinical development for Alzheimer's and Parkinson's diseases, aiming to enable pre-symptomatic intervention in a market affecting over a billion people globally. The company is led by its founder and CEO, Dr. Valerie Daggett, who discovered the foundational α-sheet structure.
Technology Platform
Proprietary α-sheet targeting platform utilizing custom-designed synthetic peptides that selectively bind to toxic soluble oligomers for both therapeutic neutralization (SOBIN) and diagnostic detection (SOBA).
Funding History
3Opportunities
Risk Factors
Competitive Landscape
AltPep competes with large pharma and biotechs developing amyloid-targeting therapies (e.g., Eli Lilly, Biogen), but its focus on soluble oligomers via a peptide platform is a key differentiator. It also faces competition from other early diagnostic developers, though its oligomer-specific assay is unique. Its main challenge is validating a new target class.