Aptose Biosciences

Aptose Biosciences

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Private Company

Total funding raised: $125M

Market Cap: $4.3MFounded: 2004HQ: San Diego, United States

Overview

Aptose Biosciences is a science-driven biotech focused on developing first-in-class, oral small molecule kinase inhibitors for life-threatening hematologic cancers. Its strategy centers on rationally designed, mutation-agnostic compounds that target multiple key oncogenic pathways to address resistance and broaden efficacy. The company's most advanced assets, tuspetinib for AML and luxeptinib for B-cell malignancies and AML, are in Phase 1/2 development, with promising clinical data generating interest, culminating in a definitive agreement for acquisition by Hanmi Pharmaceutical.

Hematologic MalignanciesOncology

Technology Platform

Rational design of oral, mutation-agnostic small molecule kinase inhibitors with deliberate multi-kinase profiles to overcome resistance mechanisms in cancer.

Funding History

4
Total raised:$125M
PIPE$50M
PIPE$40M
Series B$25M
Series A$10M

Opportunities

The acquisition by Hanmi provides full funding to advance promising multi-kinase inhibitors into late-stage trials for large AML and B-cell malignancy markets.
Tuspetinib's potential in frontline AML combinations and luxeptinib's unique dual mechanism in resistant patients represent significant commercial opportunities.

Risk Factors

The company faces clinical development risks for its two core assets and integration risks post-acquisition.
It operates in highly competitive markets where newer agents could eclipse its candidates, and its value is highly concentrated in these early-stage programs.

Competitive Landscape

In AML, tuspetinib competes with FLT3 and BCL-2 inhibitors but differentiates via its multi-kinase profile. In B-cell cancers, luxeptinib faces established BTK inhibitors but targets resistance mutations. Its dual myeloid/lymphoid activity is a unique differentiator.

Company Timeline

2004Founded

Founded in San Diego, United States

2020PIPE

PIPE: $40.0M

2022PIPE

PIPE: $50.0M