Relay Therapeutics

Relay Therapeutics

RLAYPhase 3

Relay Therapeutics is redefining drug discovery by focusing on the dynamic nature of proteins, moving beyond static structures to understand how protein motion influences function and disease. Its proprietary Dynamo platform combines computational structural biology, machine learning, and experimental techniques to identify novel drug targets and allosteric sites. The company has advanced a pipeline of precision oncology candidates, most notably RLY-4008, a highly selective FGFR2 inhibitor, and is building a robust portfolio targeting validated oncogenes with next-generation specificity. Relay's approach aims to create best-in-class therapies with improved safety and efficacy profiles.

Market Cap
$1.8B
Employees
200-300
Focus
Biotech

RLAY · Stock Price

USD 9.9118.80 (-65.48%)

Historical price data

AI Company Overview

Relay Therapeutics is redefining drug discovery by focusing on the dynamic nature of proteins, moving beyond static structures to understand how protein motion influences function and disease. Its proprietary Dynamo platform combines computational structural biology, machine learning, and experimental techniques to identify novel drug targets and allosteric sites. The company has advanced a pipeline of precision oncology candidates, most notably RLY-4008, a highly selective FGFR2 inhibitor, and is building a robust portfolio targeting validated oncogenes with next-generation specificity. Relay's approach aims to create best-in-class therapies with improved safety and efficacy profiles.

Technology Platform

The Dynamo platform integrates computational simulation, structural biology, and machine learning to visualize and drug protein motion, identifying novel allosteric binding sites to create highly selective small molecule therapies.

Pipeline Snapshot

4

4 drugs in pipeline, 1 in Phase 3

DrugIndicationStage
RLY-2608 + Capivasertib + FulvestrantPIK3CA MutationPhase 3
RLY-2608 + PlaceboPIK3CA-Related Overgrowth Spectrum (PROS)Phase 2
RLY-5836 + Fulvestrant + Palbociclib + Ribociclib + AbemaciclibPIK3CA MutationPhase 1
RLY-2608 + Fulvestrant + Palbociclib 125mg + Ribociclib 400mg + Ribociclib 600mg...PIK3CA MutationPhase 1

Funding History

4

Total raised: $980M

IPO$460MUndisclosedJul 15, 2020
Series C$400MSoftBank Vision FundJan 15, 2019
Series B$63MBVF PartnersDec 15, 2017
Series A$57MThird Rock VenturesMay 15, 2016

Opportunities

Relay's primary growth opportunity lies in successfully developing and commercializing its lead asset, RLY-4008, in FGFR2-altered cancers, a market with clear demand for more selective therapy.
Further platform validation through positive clinical data for RLY-2608 in PI3Kα-mutant cancers could unlock a significantly larger market and demonstrate the broad applicability of its motion-based discovery approach to other high-value targets.

Risk Factors

Key risks include clinical trial failures, the unproven ability of its platform to consistently deliver successful drugs, intense competition in targeted oncology from larger and better-resourced companies, and the future need to build commercial capabilities or secure a profitable partnership for its first product launch.

Competitive Landscape

Relay competes with large pharma (e.g., Novartis, Incyte, J&J) and biotechs in the FGFR and PI3K inhibitor spaces, where its differentiation is based on superior selectivity from targeting protein motion. Its platform also faces competition from other computational drug discovery companies, though Relay's specific focus on integrating dynamic simulation with experimental validation is a key distinction.

Publications
18
Patents
20
Pipeline
4

Company Info

TypeTherapeutics
Founded2016
Employees200-300
LocationCambridge, United States
StagePhase 3
RevenuePre-revenue

Trading

TickerRLAY
ExchangeNASDAQ

Therapeutic Areas

OncologyGenetic Diseases

Partners

Genentech (a member of the Roche Group)
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