F-star Therapeutics

F-star Therapeutics

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

Private Company

Total funding raised: $247M

Overview

F-star Therapeutics is a UK-based biotech focused on creating next-generation bispecific antibodies for immuno-oncology. Its core achievement is the development of the proprietary Fcab and mAb2 platforms, which generate tetravalent, IgG-like bispecific antibodies designed for enhanced stability, manufacturability, and biological activity. The company's strategy involves advancing its internal pipeline of clinical and preclinical assets while securing strategic partnerships to validate and expand the utility of its modular technology. Following its NASDAQ IPO in 2020, F-star has progressed key assets into clinical trials, positioning itself in the competitive bispecific antibody landscape.

OncologyImmunology

Technology Platform

Proprietary Fcab and mAb2 platforms enabling the creation of tetravalent, bispecific antibodies with a native IgG structure, designed for enhanced stability, pharmacokinetics, and manufacturability.

Funding History

4
Total raised:$247M
IPO$75M
Series C$80M
Series B$60M
Series A$32M

Opportunities

The company has a significant opportunity to address the large unmet need in checkpoint inhibitor-resistant cancers with its lead asset, FS118.
Its conditional agonist approach (FS222) could unlock the therapeutic potential of powerful immune stimulators like CD137 with an improved safety profile, creating a new class of therapy.

Risk Factors

The lead clinical programs face high risk of failure in efficacy or safety trials.
The company also operates in an intensely competitive bispecific antibody landscape against larger, well-resourced competitors.
Post-acquisition, strategic integration and priority alignment with the new parent company present additional execution risks.

Competitive Landscape

F-star competes in the crowded bispecific antibody field against large pharma (Roche, Amgen, J&J) and biotech platforms (Genmab, Zymeworks). Its key differentiation is the tetravalent, native IgG structure of its mAb2 molecules, which aims to offer superior drug-like properties over fragment-based or asymmetrically engineered formats.