Highlight Therapeutics

Highlight Therapeutics

Madrid, Spain· Est.
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Private Company

Total funding raised: $33.4M

Overview

Highlight Therapeutics is a clinical-stage biotech pioneering intra-lesional RNA therapies to activate the immune system against cancer, with a primary focus on skin cancers. The company's lead asset, BO-112, is in Phase 2b development for basal cell carcinoma (BCC) and has shown promise in combination with anti-PD-1 agents. Leveraging a unique approach to convert immunologically 'cold' tumors 'hot,' Highlight aims to address significant unmet needs in dermato-oncology, a field with a large and growing patient population. The company operates as a private, pre-revenue entity advancing its pipeline through clinical trials.

Dermato-oncologyOncology

Technology Platform

Intra-lesional delivery of synthetic double-stranded RNA (dsRNA) mimics designed to activate multiple innate immune pathways (e.g., TLR3, MDA5, PKR) to convert immunologically 'cold' tumors into 'hot,' T-cell-inflamed tumors.

Funding History

2
Total raised:$33.4M
Series B$23.4M
Series A$10M

Opportunities

The massive and growing incidence of non-melanoma skin cancers (over 5M cases/year) creates a significant unmet need for non-surgical treatments.
BO-112's intralesional approach and ability to synergize with anti-PD-1 therapy position it to address both monotherapy and combination markets in dermato-oncology and potentially broader solid tumors.

Risk Factors

The company faces high clinical development risk, as its value is concentrated on the success of BO-112 in ongoing Phase 2 trials.
As a private, pre-revenue firm, it also carries financing risk and operates in a competitive landscape with other novel therapies and established surgical standards.

Competitive Landscape

Highlight competes in the dermato-oncology space with other intralesional/topical therapies (e.g., ingenol mebutate, imiquimod), advanced surgical methods, and systemic immunotherapies (e.g., cemiplimab for CSCC). Its differentiation lies in its unique RNA-based mechanism designed to convert 'cold' tumors and its potential for combination synergy with checkpoint inhibitors.