Salarius Pharmaceuticals

Salarius Pharmaceuticals

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Private Company

Total funding raised: $25M

Overview

Decoy Therapeutics, operating under the former shell of Salarius Pharmaceuticals, has executed a strategic pivot from oncology to infectious disease, now focused on engineering broad-spectrum antiviral therapeutics. Its core mission is to overcome the limitations of narrow, single-pathogen treatments by developing Designable Multi-Antivirals (DMAVs) that target conserved viral entry mechanisms across entire viral families. The company's strategy is underpinned by the IMP³ACT platform, which uses AI-driven design and rapid synthesis to create peptide conjugates, with lead programs in preclinical development for pan-coronavirus and tripledemic indications. Key achievements include strategic partnerships for AI/cloud infrastructure and a commitment to developing a globally accessible manufacturing platform.

Infectious DiseaseOncology

Technology Platform

The IMP³ACT platform is an integrated, AI-enabled system for the design, rapid synthesis, and scalable manufacturing of peptide conjugate therapeutics, focusing on creating broad-spectrum antivirals that target conserved viral mechanisms.

Funding History

2
Total raised:$25M
PIPE$10M
Series A$15M

Opportunities

Decoy targets a multi-billion dollar opportunity in creating the first broad-spectrum, self-administered nasal spray antivirals for major respiratory threats, addressing critical gaps in pandemic preparedness and seasonal disease burden.
Its platform's speed and low-cost manufacturing potential could enable rapid response to emerging viruses and global accessibility.

Risk Factors

The company faces high preclinical and platform risk, as its core technology is unproven in humans, coupled with significant financial risk as a pre-revenue micro-cap company needing to raise substantial capital for clinical trials.
Intensifying competition from large pharma and the challenge of commercializing a novel antiviral modality add further execution risk.

Competitive Landscape

Decoy competes in the emerging field of broad-spectrum antivirals against large pharma and biotechs developing next-generation oral drugs and monoclonal antibodies. Its key differentiators are the combination of AI-driven design for conserved targets, a peptide conjugate modality aimed at durability, and a focus on convenient nasal spray delivery for both prophylaxis and treatment.