selectION Therapeutics

selectION Therapeutics

Munich, Germany· Est.
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Private Company

Total funding raised: $18.2M

Overview

selectION Therapeutics is pioneering a new class of autoimmune therapies with its lead candidate, si-544, a first-in-class Kv1.3 blocker. The drug has successfully completed Phase 1b proof-of-concept trials in psoriasis and atopic dermatitis, demonstrating safety, tolerability, and early efficacy signals. The company is now planning Phase 2 studies, positioning si-544 as a potential disease-modifying, systemic first-line treatment with broad applicability across over 80 T cell-mediated autoimmune indications. Backed by strong scientific rationale and a management team with industry experience, selectION is targeting a massive, underserved market dominated by non-specific immunosuppressants.

Autoimmune DiseasesDermatologyRheumatologyGastroenterologyNeurology

Technology Platform

Selective pharmacological inhibition of the Kv1.3 potassium ion channel to precisely deactivate pathogenic effector memory T (TEM) cells while preserving immune competence.

Funding History

2
Total raised:$18.2M
Series A$15M
Seed$3.2M

Opportunities

si-544 addresses a massive, underserved market of over 80 autoimmune indications with a first-in-class, disease-modifying mechanism.
Its potential to be a safe, systemic first-line therapy with broad applicability represents a 'pipeline-in-a-product' opportunity with blockbuster potential across multiple therapeutic areas.

Risk Factors

Key risks include clinical development failure in later-stage trials, intense competition from established and novel autoimmune therapies, and financial risk associated with funding the costly development for a private, pre-revenue company.
The entire pipeline is concentrated on a single asset.

Competitive Landscape

The autoimmune market is dominated by broad immunosuppressants (steroids, DMARDs), biologics (TNF, IL inhibitors), and JAK inhibitors. selectION's main competitive differentiation is the precise targeting of disease-causing T cells only, aiming for a superior safety profile. It faces competition from other companies developing targeted immunomodulators, but its Kv1.3 mechanism is unique and first-in-class.