TransCode Therapeutics

TransCode Therapeutics

RNAZ
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RNAZ · Stock Price

USD 7.65-1.93 (-20.11%)
Market Cap: $7.1M

Historical price data

Market Cap: $7.1MFounded: 2016HQ: Boston, United States

Overview

TransCode Therapeutics is a Boston-based biotech founded in 2016 with a mission to develop novel therapeutics for metastatic cancer, a historically underserved area of oncology. Its core achievement is the TTX platform, an iron oxide nanoparticle system designed to solve the persistent delivery challenge for oligonucleotides, enabling its lead candidate TTX-MC138 to target a key metastatic driver. The company's strategy involves advancing its RNA pipeline while leveraging the late-stage clinical assets from its acquisition of Polynoma LLC to create nearer-term value inflection points. As a public company, TransCode is in a capital-intensive clinical development stage, aiming to address a significant unmet medical need across multiple solid tumors.

OncologyMetastatic Cancer

Technology Platform

Proprietary TTX platform utilizing tunable iron oxide nanoparticles designed for the systemic delivery of therapeutic oligonucleotides (e.g., anti-miRs, siRNA) to target cancer cells and metastases.

Funding History

4
Total raised:$23.8M
PIPE$5M
IPO$10.5M
Series A$6.3M
Seed$2M

Opportunities

Validating its TTX-MC138 candidate could unlock a multi-billion dollar market across over 18 metastatic cancer types and establish its delivery platform as a valuable partnering asset.
The acquired Polynoma melanoma vaccine provides a nearer-term, late-stage clinical asset that could generate value independently or in combination with other therapies.

Risk Factors

Extreme clinical risk as its lead candidate is a first-in-class agent with an unproven delivery platform; a clinical failure would be catastrophic.
Severe financial risk as a pre-revenue micro-cap company with a ~$10M valuation, making access to capital challenging and potentially highly dilutive.

Competitive Landscape

Faces limited direct competition in targeting miR-10b for metastasis but intense indirect competition from all effective metastatic cancer therapies. Its delivery platform competes in the crowded oligonucleotide delivery space, differentiated by its iron oxide nanoparticle design for solid tumors. The Polynoma vaccine competes with entrenched checkpoint inhibitors in the adjuvant melanoma market.

Company Timeline

2016Founded

Founded in Boston, United States

2020Series A

Series A: $6.3M

2021IPO

IPO — $10.5M

2023PIPE

PIPE: $5.0M