Alume Biosciences

Alume Biosciences

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Private Company

Total funding raised: $33M

Overview

Alume Biosciences is pioneering a precision surgery platform with its proprietary nerve-targeted fluorescent imaging agent, ALM-488. Founded in 2017 based on research from a Nobel Laureate, the company's technology aims to reduce iatrogenic nerve damage in complex surgeries, potentially improving functional outcomes for patients. With its lead program in Phase 3 trials and a planned NDA submission in 2026, Alume is positioned to address a significant unmet need in surgical oncology and beyond. The company has garnered support from key surgical thought leaders who recognize the transformative potential of intraoperative nerve visualization.

OncologySurgical Care

Technology Platform

Proprietary nerve-targeting fluorescent peptide conjugate (bevonescein/ALM-488) for real-time intraoperative visualization of nerves under near-infrared light.

Funding History

2
Total raised:$33M
Series A$25M
Seed$8M

Opportunities

Addresses a major unmet need with a first-in-class product that could become standard of care in multiple surgical specialties.
The platform technology has potential for expansion beyond initial oncology indications into a broad range of nerve-sparing surgeries globally.

Risk Factors

Clinical trial failure or regulatory delays pose existential threats.
Post-approval, success depends on surgeon adoption, securing favorable insurance reimbursement, and defending against future competitive products.

Competitive Landscape

The field of fluorescence-guided surgery is growing, but Alume appears to be the first with a specific nerve-targeting agent in late-stage trials. Competition includes general contrast agents (e.g., indocyanine green) and advanced neuromonitoring systems, but none offer direct, real-time visual highlighting of nerve structures.