Dyne Therapeutics

Dyne Therapeutics

DYN
Is this your company? Claim your profile to update info and connect with investors.
Claim profile

DYN · Stock Price

USD 17.54+6.13 (+53.72%)
Market Cap: $2.9B

Historical price data

Market Cap: $2.9BPipeline: 3 drugs (1 Phase 3)Patents: 20Founded: 2017Employees: 100-250HQ: Waltham, United States

Overview

Dyne Therapeutics is executing a focused strategy to become a leader in precision genetic medicine for muscle diseases. The company's core achievement is the development of its FORCE™ platform, an antibody-oligonucleotide conjugate technology designed for muscle-specific delivery, which has now propelled three lead candidates into clinical trials. Its strategy targets large, validated genetic indications—myotonic dystrophy type 1 (DM1), Duchenne muscular dystrophy (DMD), and facioscapulohumeral muscular dystrophy (FSHD)—with the goal of demonstrating superior efficacy and tolerability. With a cash runway extending into 2026, Dyne is well-positioned to generate critical clinical proof-of-concept data across its pipeline.

Neuromuscular DiseasesGenetic Disorders

Technology Platform

The FORCE™ platform is a proprietary antibody-oligonucleotide conjugate (AOC) system engineered for targeted delivery of therapeutic oligonucleotides to muscle tissue by binding to the transferrin receptor 1 (TfR1).

Pipeline

3
3 drugs in pipeline1 in Phase 3
DrugIndicationStageWatch
DYNE-101 + PlaceboMyotonic Dystrophy Type 1 (DM1)Phase 3
DYNE-251 + PlaceboDuchenne Muscular Dystrophy (DMD)Phase 1/2
DYNE-101 + PlaceboMyotonic Dystrophy Type 1 (DM1)Phase 1/2

Funding History

4
Total raised:$615M
PIPE$325M
IPO$180M
Series B$60M
Series A$50M

Opportunities

Dyne's FORCE™ platform, if clinically validated, could unlock a multi-billion dollar market across several severe muscle diseases with high unmet need.
Positive data in late 2024 would de-risk the platform, catalyze valuation, and open doors to strategic partnerships and expanded pipeline development.

Risk Factors

The primary risks are clinical failure of lead programs, which would question the platform's validity, and intense competition from established players in DMD and DM1.
As a pre-revenue company, it also faces financial risks related to cash burn and potential future dilution.

Competitive Landscape

Dyne faces competition from approved exon-skipping therapies (Sarepta) in DMD and various oligonucleotide/gene therapy approaches in DM1 and FSHD. Its key differentiator is the muscle-targeted delivery of its FORCE™ platform, aiming for superior efficacy and tolerability compared to systemic approaches.

Company Timeline

2017Founded

Founded in Waltham, United States

2019Series B

Series B: $60.0M

2020IPO

IPO — $180.0M

2023PIPE

PIPE: $325.0M