RAPT Therapeutics

RAPT Therapeutics

RAPT
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Private Company

Total funding raised: $284M

Founded: 2015Employees: 50-200HQ: South San Francisco, United States

Overview

RAPT Therapeutics is a mission-driven biotech focused on developing novel therapeutics for inflammatory and immunologic diseases by targeting critical immune pathways like IgE and CCR4. Its primary achievement is the advancement of its lead asset, ozureprubart, a long-acting anti-IgE antibody with best-in-class potential, into Phase 2 trials for food allergy and chronic spontaneous urticaria. The company's strategy leverages a proprietary immunology platform to develop both biologics and small molecules, culminating in a significant strategic validation through its acquisition by global pharmaceutical leader GSK in January 2026. This exit provides substantial resources to accelerate the development of its pipeline.

Allergic DiseasesInflammatory DiseasesImmunologic Diseases

Technology Platform

A proprietary immunology-focused drug discovery engine that identifies and modulates key immune drivers (e.g., IgE, CCR4) to develop both long-acting biologics and oral small molecule therapies.

Funding History

4
Total raised:$284M
PIPE$125M
IPO$86M
Series B$48M
Series A$25M

Opportunities

The acquisition by GSK provides massive resources and commercial expertise to accelerate the development of ozureprubart as a best-in-class, long-acting anti-IgE therapy for large markets like food allergy and CSU.
The CCR4 antagonist program offers a novel, oral mechanism to compete in the multi-billion dollar atopic dermatitis market.

Risk Factors

Primary risks are clinical, including the potential for Phase 2 trials to fail on efficacy or safety endpoints.
Post-acquisition, integration challenges and the intense competition in immunology from established biologics and novel therapies remain significant hurdles.

Competitive Landscape

Ozureprubart competes directly with omalizumab (Xolair) and Roche's ligelizumab in the anti-IgE space, differentiating on dosing frequency. The CCR4 program enters a crowded atopic dermatitis market dominated by dupilumab and JAK inhibitors, requiring strong efficacy data to gain traction.

Company Timeline

2015Founded

Founded in South San Francisco, United States

2017Series B

Series B: $48.0M

2019IPO

IPO — $86.0M

2021PIPE

PIPE: $125.0M