Scholar Rock Holding

Scholar Rock Holding

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Private Company

Total funding raised: $272M

Market Cap: $5.7BPipeline: 9 drugs (2 Phase 3)Founded: 2012Employees: 100-250HQ: Cambridge, United States

Overview

Scholar Rock is a clinical-stage biopharmaceutical company founded on a paradigm-shifting scientific strategy: targeting the latent, inactive forms of growth factors, particularly within the TGFβ superfamily, to achieve precise, localized therapeutic effects. The company's most advanced asset, apitegromab, has demonstrated promising Phase 3 results in spinal muscular atrophy (SMA) and is positioned as a potential first-in-class muscle-targeted therapy. Supported by a robust proprietary platform and a strong financial position, Scholar Rock's strategy extends beyond neuromuscular diseases into cardiometabolic disorders and immuno-oncology, aiming to build a diversified portfolio of novel biologics.

NeuromuscularCardiometabolic DisordersImmuno-OncologyFibrotic DiseasesHematology

Technology Platform

Proprietary platform for developing biologics that selectively target the activation of latent growth factors (e.g., TGFβ superfamily) in the disease microenvironment, aiming for localized inhibition and improved therapeutic indices.

Pipeline

9
9 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
Apitegromab + PlaceboSpinal Muscular AtrophyPhase 3
ApitegromabSpinal Muscular AtrophyPhase 3
Apitegromab + PlaceboFacioscapulohumeral Muscular DystrophyPhase 2
SRK-015Spinal Muscular AtrophyPhase 2
Apitegromab + Nusinersen + RisdiplamSpinal Muscular AtrophyPhase 2

Funding History

4
Total raised:$272M
IPO$75M
Series C$80M
Series B$70M
Series A$47M

Opportunities

Near-term opportunity with apitegromab as a first muscle-targeted, adjunctive therapy in the multi-billion dollar SMA market.
Long-term, high-value potential in oncology with SRK-181, which could address primary resistance to anti-PD-1 therapy across multiple solid tumors.

Risk Factors

Regulatory and commercial execution risk for lead asset apitegromab.
High clinical development risk for earlier-stage pipeline candidates, particularly SRK-181 in oncology.
Market adoption risk as a complementary therapy in a crowded, expensive SMA treatment landscape.

Competitive Landscape

In SMA, apitegromab competes for adjunctive use against established SMN-upregulating therapies. Its latent-targeting selectivity is a key differentiator from other muscle-targeting approaches. In oncology, SRK-181's latent-specific TGFβ1 inhibition aims to avoid systemic toxicities that have plagued broader TGFβ inhibitors, positioning it uniquely in a competitive I/O space.

Company Timeline

2012Founded

Founded in Cambridge, United States

2016Series B

Series B: $70.0M

2018IPO

IPO — $75.0M

2018Series C

Series C: $80.0M