Lassen Therapeutics

Lassen Therapeutics

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Private Company

Total funding raised: $127M

Overview

Lassen Therapeutics is a clinical-stage biotechnology company developing antibody therapies targeting the IL-11 pathway for fibrotic diseases. Its lead asset, LASN01, is an anti-IL-11 receptor antibody currently in Phase 1 trials for Thyroid Eye Disease (TED), with plans to advance to Phase 2. The company is well-capitalized following an oversubscribed $85 million Series B financing in December 2023, which will also fund IND-enabling studies for a second program, LASN500. Lassen's strategy is centered on creating best-in-class biotherapeutics for conditions with high unmet medical need.

Fibrotic DiseasesOphthalmologyPulmonology

Technology Platform

Industry-leading antibody technologies focused on targeting the interleukin-11 (IL-11) signaling pathway, a central mediator of fibrosis.

Funding History

2
Total raised:$127M
Series B$85M
Series A$42M

Opportunities

The validated multi-billion dollar markets for Thyroid Eye Disease and Idiopathic Pulmonary Fibrosis present significant commercial opportunities.
Success with the IL-11 target could also enable expansion into other serious fibrotic diseases of the liver, kidney, and heart, where unmet need remains high.

Risk Factors

The primary risks are clinical failure of LASN01, as the IL-11 pathway's role in human disease is still being proven.
The company also faces intense competition in its lead indications and is dependent on raising additional capital to fund later-stage trials.

Competitive Landscape

In Thyroid Eye Disease, Lassen competes directly with Horizon Therapeutics' blockbuster Tepezza and other emerging therapies. In Idiopathic Pulmonary Fibrosis, it would compete against established anti-fibrotics from Boehringer Ingelheim and Roche. Several other biotechs are also exploring anti-fibrotic approaches via different targets.