Step Pharma

Step Pharma

Lyon, France· Est.
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Private Company

Total funding raised: $95M

Overview

Step Pharma is a clinical-stage oncology company pioneering the development of CTPS1 inhibitors, a novel therapeutic approach targeting a critical enzyme in nucleotide synthesis. The company's lead candidate, dencatistat (STP938), is a first-in-class, oral, selective inhibitor entering clinical trials with an initial focus on lymphomas and solid tumors like ovarian cancer. Step Pharma's strategy leverages a synthetic lethal approach, particularly targeting cancers with loss of the CTPS2 isoform, aiming for a selective and potentially safer cancer therapy. The company is privately held and operates from its base in the Lyon biotech hub.

OncologyHematologyAutoimmune Diseases

Technology Platform

First-in-class, highly selective small molecule inhibitors of CTPS1 (Cytidine 5'-Triphosphate Synthase 1), exploiting synthetic lethality in cancer cells with loss of CTPS2 expression.

Funding History

2
Total raised:$95M
Series B$67M
Series A$28M

Opportunities

The lead asset targets a novel mechanism with a potential biomarker (CTPS2 loss) defining a responsive patient population across both blood cancers and solid tumors, enabling a precision medicine approach.
The accelerated approval pathway in peripheral T-cell lymphoma offers a potential faster route to market for an area of very high unmet need.

Risk Factors

The CTPS1 inhibition mechanism is first-in-class and unproven in human clinical trials, carrying significant clinical and regulatory risk.
The company is pre-revenue and will require substantial additional capital to fund development through later-stage trials, introducing financing and dilution risk.

Competitive Landscape

As a first-in-class CTPS1 inhibitor, dencatistat has no direct competitors targeting the same specific enzyme isoform. However, it competes broadly with other targeted therapies, chemotherapies, and emerging modalities in lymphoma and solid tumors. Its success depends on demonstrating superior efficacy or safety within its biomarker-defined niche.