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Private Company

Total funding raised: $38.5M

Overview

Shasqi is developing a next-generation drug delivery platform based on click chemistry, a Nobel Prize-winning technology, to precisely target cancer therapies. Its CAPAC® platform employs a two-step, pre-targeting approach: first, a 'clickable binder' localizes to the tumor, then a systemically administered 'clickable payload' (chemotherapy or radioisotope) is activated only upon clicking with the binder at the tumor. This modular system is designed to improve the therapeutic index of cancer drugs beyond current standards like Antibody-Drug Conjugates (ADCs). The company has validated its platform in the clinic and is advancing a pipeline of novel therapies for cancers with limited treatment options.

Oncology

Technology Platform

CAPAC® (Click Activated Protodrugs Against Cancer) platform, a pre-targeting approach using in-vivo bioorthogonal click chemistry to activate therapeutic payloads (chemotherapy or radioisotopes) specifically at the tumor site.

Funding History

2
Total raised:$38.5M
Series A$35M
Seed$3.5M

Opportunities

The CAPAC® platform could significantly expand the therapeutic window of cancer drugs, enabling higher effective doses at the tumor with reduced systemic toxicity.
This addresses a core limitation of current ADCs and radiopharmaceuticals, positioning Shasqi to capture value in large, growing oncology markets.
The modular nature of the platform allows for rapid generation of multiple pipeline candidates against various targets and with diverse payloads.

Risk Factors

The primary risks are clinical, as the novel two-step click chemistry approach must prove safe, effective, and reliably manufacturable in larger trials.
The company faces intense competition from established ADC developers and other next-generation targeting technologies.
As a private, pre-revenue biotech, Shasqi is also dependent on securing ongoing financing to fund expensive oncology clinical development.

Competitive Landscape

Shasqi competes in the targeted oncology therapy space, primarily against developers of Antibody-Drug Conjugates (ADCs) like AstraZeneca, Daiichi Sankyo, and Gilead, and targeted radiopharmaceutical companies like Novartis and Point Biopharma. Its key differentiator is the use of exogenous click chemistry for activation, which is distinct from the biological linker-payload systems used in ADCs. Competitors are also exploring alternative pre-targeting methods and novel conjugation chemistries.