Breaking
$161M Series B closed December 2024 NVG-2089 dosed first Phase 2 patient - May 2025 Total capital raised: $208M Backed by Sanofi, Bayer, Bristol Myers Squibb & Norwest Recombinant IVIg, without the plasma David Woodhouse named CEO - September 2025 $161M Series B closed December 2024 NVG-2089 dosed first Phase 2 patient - May 2025 Total capital raised: $208M Backed by Sanofi, Bayer, Bristol Myers Squibb & Norwest Recombinant IVIg, without the plasma David Woodhouse named CEO - September 2025
Company Profile Clinical-Stage Biotech

Nuvig Therapeutics

The company trying to bottle the best part of a century-old therapy - and leave the plasma behind.

Founded 2022 · ~24 employees · Series B
Nuvig Therapeutics logo

The mark. A white wordmark on a navy field - understated for a company built on decoding why an old drug works, then engineering the shortcut. No plasma donors in this picture.

$208M
Total Raised
$161M
Series B (2024)
~24
Employees
Ph.2
Lead Program

The Business

A recombinant answer to an old, scarce medicine

Here is a fact about medicine that sounds like it should not be true in 2026: one of the most reliable treatments for a range of autoimmune diseases is made by pooling the plasma of thousands of blood donors, running it through a purification process, and hoping supply keeps up with demand. The therapy is called intravenous immunoglobulin, or IVIg, and it has quietly saved lives for decades. It is also expensive, chronically in short supply, and dependent on human donors in a way that no manufacturer can fully control.

Nuvig Therapeutics, a clinical-stage biotech in Menlo Park, California, is built on a deceptively simple premise: if IVIg works, and we understand why it works, then perhaps we can just make the part that does the work. Not pool it. Manufacture it. Recombinantly, reproducibly, at scale, without asking anyone to roll up a sleeve.

The part in question is an Fc fragment - the tail end of an antibody - engineered to engage what immunologists call type II Fc receptors. That engagement, in the body's own regulatory logic, dials down inflammation. Nuvig's lead candidate, NVG-2089, is a first-in-class recombinant version of that fragment. The company describes it, without much hedging, as having demonstrated "powerful anti-inflammatory effects without immunosuppression." That last clause is the whole pitch. Most autoimmune drugs work by turning the immune system down, which is effective right up until the moment the patient needs their immune system to fight something off. Nuvig is betting there is a narrower, smarter lever to pull.

It is worth pausing on how unusual the origin story is. Nuvig did not start with a molecule looking for a mechanism. It started with a mechanism - the science of how IVIg actually resolves autoimmune dysregulation, worked out in significant part at The Rockefeller University - and then went looking for the cleanest way to reproduce it. That is a backwards way to build a drug company, and also, occasionally, a very good one.

"Nuvig has created a reproducible and scalable recombinant method of recapitulating the effects of IVIg without the downsides and supply limitations of IVIg."

— Nuvig Therapeutics

How It Works

The mechanism, in three moves

01 / The problem

IVIg is real, but scarce

Donor-pooled immunoglobulin calms autoimmune inflammation - but it depends on thousands of human donors and is perpetually supply-constrained.

02 / The insight

Engineer the active fragment

NVG-2089 is a recombinant Fc fragment that targets type II Fc receptors, the endogenous switch behind IVIg's anti-inflammatory effect.

03 / The payoff

Calm without suppression

The goal is to resolve inflammation while leaving the immune system's defenses intact - and to make it at scale, reproducibly.

Follow The Money

$47M in, then $161M more

Nuvig emerged from stealth in 2022 with a $47M Series A. Two years later it closed a $161M Series B co-led by Sanofi Ventures, Blue Owl Healthcare Opportunities and Norwest Venture Partners - a syndicate heavy with strategic pharma money.

2022 · Series A
$47M
2024 · Series B
$161M
Total
$208M

Series B Investors

Sanofi Ventures Blue Owl Healthcare Norwest Leaps by Bayer B Capital Bristol Myers Squibb Novo Holdings LOTTE Holdings Alexandria abrdn Platanus Digitalis

The People

Founders and leadership

Pamela Conley, Ph.D.
Cofounder & Chief Scientific Officer
Greg Coffey, Ph.D.
Cofounder & VP, Immunology
Jeffrey V. Ravetch, M.D., Ph.D.
Cofounder & Scientific Advisor
David J. Woodhouse, Ph.D.
Chief Executive Officer
Celia Lin, M.D.
Chief Medical Officer
James Mackay, Ph.D.
Independent Board Chair

The Story So Far

A short, well-funded history

2022

Emerges from stealth

Founded on Rockefeller University research and launched with a $47M Series A to build recombinant immunomodulators.

December 2024

$161M Series B

A large round co-led by Sanofi, Blue Owl and Norwest brings total funding to $208M and greenlights Phase 2.

May 2025

Phase 2 begins

First patient dosed in the NVG-2089 trial for chronic inflammatory demyelinating polyneuropathy (CIDP).

September 2025

New leadership

David J. Woodhouse named CEO; James Mackay appointed Independent Board Chair.

Why It Matters

Who this is for - and what's at stake

Nuvig's first target is CIDP, a rare disorder in which the immune system attacks the protective sheath around peripheral nerves, causing weakness and numbness that can progress badly. It is exactly the kind of indication where IVIg is used today - and exactly where a scalable, recombinant alternative would matter most. If NVG-2089 works there, the same mechanism could travel to other autoimmune and neuro-inflammatory diseases. That "one mechanism, many diseases" optionality is part of what a $161M round buys.

The competitive backdrop is not empty. argenx has already commercialized FcRn-targeting therapy with Vyvgart, and plasma-derived IVIg makers like CSL Behring, Grifols and Takeda are entrenched. Nuvig's differentiator is not a brand-new target but a cleaner way to engage an off-switch the body already uses. Whether that translates from a clean Phase 1 - safe, well-tolerated, dose-proportional - into convincing Phase 2 efficacy is the question the next few years will answer. Roughly 24 people are trying to answer it, which is its own kind of statement about how far a sharp mechanism and patient capital can stretch.

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Note: no official YouTube interviews or product-demo videos were verifiable at publication. See the investor and press links above for the most current coverage.

Questions

Frequently asked

What does Nuvig Therapeutics do?
It's a clinical-stage biotech developing next-generation immune modulators for chronic autoimmune and inflammatory diseases, led by its recombinant Fc fragment drug NVG-2089.
What is NVG-2089?
A first-in-class recombinant Fc fragment that engages type II Fc receptors to deliver the anti-inflammatory benefits of IVIg without immunosuppression. It's in Phase 2 for CIDP.
How much funding has Nuvig raised?
About $208M total - a $47M Series A in 2022 and a $161M Series B in December 2024.
Who founded Nuvig and where is it based?
It was cofounded by Pamela Conley, Greg Coffey and Jeffrey Ravetch, based on Rockefeller University research, and is headquartered in the San Francisco Bay Area (Menlo Park / Palo Alto), California.
Why is Nuvig's approach different from IVIg?
IVIg is pooled from thousands of plasma donors and is supply-limited; Nuvig's approach is fully recombinant, scalable and reproducible, aiming to recapitulate IVIg's effects without those constraints or broad immunosuppression.