TScan Therapeutics

TScan Therapeutics

TCRX
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TCRX · Stock Price

USD 1.21-0.06 (-4.72%)
Market Cap: $83.6M

Historical price data

Market Cap: $83.6MPipeline: 2 drugsFounded: 2018HQ: Waltham, United States

Overview

TScan Therapeutics is a clinical-stage biotech company focused on developing transformative TCR-T therapies for oncology, with a secondary research arm in autoimmunity. Founded in 2018, its core asset is a proprietary, high-throughput platform that discovers novel tumor antigens and therapeutic TCRs. Key achievements include an active Phase 1 trial for its lead candidate TSC-101 in post-transplant AML/MDS and FDA clearance for two additional heme candidates. The strategy leverages this platform to build a broad pipeline while advancing next-generation in vivo engineering approaches.

OncologyAutoimmune Diseases

Technology Platform

A proprietary, high-throughput discovery platform that systematically identifies novel tumor antigens and their cognate T cell receptors (TCRs) for oncology, and autoantigens for autoimmune disease research. It also enables the development of in vivo T cell engineering approaches.

Pipeline

2
2 drugs in pipeline

Funding History

3
Total raised:$248M
IPO$100M
Series B$100M
Series A$48M

Opportunities

TScan's platform offers a sustainable pipeline engine for novel TCR-T therapies, with a near-term lead program addressing the high-unmet need of post-transplant relapse in AML/MDS.
Its pioneering work in in vivo T cell engineering could disrupt the cell therapy manufacturing paradigm, significantly expanding addressable markets in solid tumors and beyond.

Risk Factors

The company faces high clinical development risk with its early-stage pipeline and carries substantial financial risk as a pre-revenue entity requiring future dilutive capital.
Its technology platform, while promising, must continuously prove its superiority against established competitors and novel approaches in a rapidly evolving field.

Competitive Landscape

TScan competes in the crowded TCR-T space against players like Adaptimmune and Immunocore, differentiating through its proprietary discovery platform. It also faces indirect competition from CAR-T leaders in hematology and a new wave of companies developing in vivo cell engineering technologies. Success hinges on demonstrating clinical validation of its novel targets and advancing its next-generation delivery approach.

Company Timeline

2018Founded

Founded in Waltham, United States

2018Series A

Series A: $48.0M

2020Series B

Series B: $100.0M

2021IPO

IPO — $100.0M