Breaking: Atavistik Bio closes $120M Series B ~$340M total raised since 2021 ATV-1601 wins FDA Fast Track for HHT AMPS platform born from a Science paper Metabolites as bait for hidden drug pockets Two programs: AKT1 for HHT, JAK2 V617F for MPNs Regeneron Ventures joins the cap table Breaking: Atavistik Bio closes $120M Series B ~$340M total raised since 2021 ATV-1601 wins FDA Fast Track for HHT AMPS platform born from a Science paper Metabolites as bait for hidden drug pockets Two programs: AKT1 for HHT, JAK2 V617F for MPNs Regeneron Ventures joins the cap table
Company Profile · Cambridge, Massachusetts · Biotechnology

Atavistik Bio

The clinical-stage biotech using the body's own metabolites as bait to find drug pockets that everyone else calls undruggable.

Founded 2021 ~37 Employees Series B Allosteric Small Molecules
Atavistik Bio - allosteric drug discovery imagery
Atavistik Bio, Kendall Square, Cambridge - a 37-person shop drugging proteins the industry gave up on. Portrait of a platform, not a pill.
$340M
Total Raised
2
Clinical Programs
2021
Founded
~37
Employees
The Dispatch

Reading the map nature already drew

Most drug discovery begins with a difficult protein and a long, expensive hunt for somewhere - anywhere - a molecule might grip it. Atavistik Bio, a biotechnology company at 75 Sidney Street in Cambridge, reversed the question. Instead of searching a protein for a foothold, it asks which small molecules the human body already uses to control that protein, and lets those metabolites reveal the pocket.

That inversion is the whole company. Metabolites - the tiny chemicals of everyday metabolism - are natural regulators of protein and RNA function. Atavistik uses them as bait to surface otherwise hidden allosteric binding sites: places on a protein, away from the obvious active site, where a drug can quietly change behavior. Many proteins tied to disease have no classic pocket at all. Allostery is how you reach them.

The approach has a name, AMPS - Atavistik Metabolite-Protein Screening - and a paper trail. Its foundational technique was published in Science by co-founder Jared Rutter, then industrialized in-house and paired with an AI-enabled design engine. Since 2021 the company has raised roughly $340 million and pushed two programs toward the clinic: an oral AKT1-selective inhibitor for a rare bleeding disorder, and a JAK2 mutant-selective inhibitor for blood cancers.

What follows is a look at what Atavistik Bio does, who it serves, and where a 37-person team fits inside one of biotech's hardest problems - drugging the previously undruggable.

"Metabolites are natural regulators of protein and RNA function. AMPS uses them as bait to reveal otherwise hidden allosteric pockets."

The core idea behind the AMPS platform
How It Works

From metabolite to medicine

The engine is deceptively simple to describe and hard to build: use nature's own regulators to find a site, confirm it, design a molecule, and prove it in patients.

STEP 01

Screen

AMPS systematically tests metabolites against target proteins to see which ones bind - and where.

STEP 02

Reveal

Binding metabolites expose hidden allosteric pockets, including cryptic sites invisible to standard screens.

STEP 03

Design

AI and structure-based design turn those sites into selective small molecules.

STEP 04

Advance

Validated candidates move into IND-enabling studies and the clinic.

The Problem & The Difference

Why "undruggable" is really "we don't know where to bind"

The Problem It Solves

Targets with no obvious grip

A large fraction of disease-driving proteins lack a classic active-site pocket, or can't be hit selectively without harming the healthy version. That leaves genetically validated targets sitting untouched. Atavistik's premise: the binding site exists - it's just allosteric and hidden, and a metabolite can point to it.

How It's Different

Nature-guided, not brute force

Rather than blindly screening enormous chemical libraries, Atavistik starts from the metabolites cells already use to regulate a protein. That biological head start narrows the search to real, functional pockets - and pairs it with AI-driven structure-based design instead of leaving it to luck.

Selectivity

Hit the mutant, spare the rest

Programs like the JAK2 V617F effort aim to inhibit a cancer-driving mutant form while leaving normal JAK2 alone - the kind of precision allostery makes possible.

Breadth

One platform, many target classes

Because metabolite-protein interactions are everywhere in biology, AMPS is target-class versatile - which is how a single company runs programs across a rare vascular disorder and blood cancers at once.

Pipeline & Products

What's in development

ProgramTargetIndicationStatus
ATV-1601AKT1-selective (oral)Hereditary Hemorrhagic Telangiectasia (HHT)IND cleared · Fast Track
JAK2 programJAK2 V617F mutant-selectiveMyeloproliferative Neoplasms (MPNs)Toward clinical PoC
AKT1 (oncology)AKT1 E17K allostericAdvanced solid tumors / breast cancerExplored
AMPS platformMetabolite-protein screening + AIMultiple target classesCore engine

Status reflects publicly reported milestones through mid-2026; details are approximate and subject to change.

Business & Market

A platform company, funded like one

Business Model

Venture-backed developer

Atavistik builds proprietary allosteric assets on AMPS and funds R&D through equity, aiming for value via clinical proof of concept, partnerships, or products. Pre-commercial and R&D-stage today.

Customers & Users

Patients, ultimately

End beneficiaries are patients with HHT, MPNs, and cancer, reached through physicians. Near-term stakeholders are biopharma partners and investors.

Where It Fits

The undruggable frontier

It sits among allosteric and precision small-molecule players chasing hard targets - a metabolite/chemoproteomics-flavored take on a crowded, high-stakes field.

Competitors / Alternatives

Allosteric and hard-target specialists such as Relay Therapeutics, Scorpion Therapeutics, Nurix, and Kymera, plus the broader universe of precision-oncology and rare-disease drug developers. Atavistik's wedge is its metabolite-first discovery engine.

Funding

~$340M across four raises

Series A
2021
$60M
A Extension
2024
$40M
Series B
2025
$120M
B Extension
2026
$40M

Investors include Nextech Invest, The Column Group, Lux Capital, Regeneron Ventures, and RA Capital Management. Bar widths are illustrative, scaled to round size.

People

Founders & leadership

JR

Jared Rutter

Scientific Co-Founder

Professor of Biochemistry, University of Utah. Author of the Science paper behind AMPS.

RD

Ralph DeBerardinis

Scientific Co-Founder

Professor at UT Southwestern; a leading voice on human metabolism.

MD

Marion Dorsch, PhD

Co-Founder, President & CSO

Leads the science and platform strategy.

BS

Bryan E. Stuart

Chief Executive Officer

Leads company strategy, financing, and clinical progress.

JJ

John A. Josey, PhD

Board Chair

Chairs the board of directors.

SP

Susan Pandya, MD

Chief Medical Officer

Oversees clinical development.

Timeline

Five years, one thesis

2021

Launch & $60M Series A

Atavistik emerges in Cambridge to pursue genetically-validated targets in metabolic disease and cancer.

2023

AMPS foundation in Science

Co-founder Jared Rutter publishes the MIDAS technique underpinning the platform.

2024

Series A extension

An added $40M pushes the lead precision-allosteric oncology program toward the clinic.

2025

$120M Series B

Regeneron Ventures joins to fund AKT1 (HHT) and JAK2 V617F (MPNs) toward proof of concept.

2026

Fast Track for ATV-1601

FDA IND clearance and Fast Track for HHT; a further ~$40M supports the program.

FAQ

Questions, answered

What does Atavistik Bio do?
It is a clinical-stage biotech that discovers precision allosteric small-molecule drugs using its AMPS metabolite-screening platform and AI, targeting proteins that traditional drug discovery struggles to reach.
What is the AMPS platform?
AMPS (Atavistik Metabolite-Protein Screening) uses natural metabolites as bait to reveal hidden allosteric pockets on proteins and functional sites on RNA. It was industrialized from the MIDAS technique published in Science.
What diseases is it targeting?
Lead programs address hereditary hemorrhagic telangiectasia (HHT) with an AKT1-selective inhibitor and myeloproliferative neoplasms (MPNs) with a JAK2 V617F mutant-selective inhibitor, alongside oncology work.
How much has it raised?
Roughly $340M in total, including a $60M Series A (2021), extensions, and a $120M Series B closed in December 2025 with a further ~$40M extension in 2026.
Who founded and leads it?
Scientific co-founders include Jared Rutter and Ralph DeBerardinis; Marion Dorsch is co-founder, President and CSO. Bryan E. Stuart is CEO. It is based in Cambridge, Massachusetts.
Explore More

Links, news & social

Sources compiled from company site and public reporting (GlobeNewswire, BioSpace, MedCity News, Crunchbase, PharmExec, FinSMEs). Figures are approximate where noted.