BREAKING   Helicore launches from stealth with $65M Series A OBESITY   HCR-188 doses first patient in Phase 1 STRATEGY   Neutralize the hormone, don't block the receptor GOAL   Quarterly dosing, fat loss over muscle loss BACKERS   Versant - OrbiMed - Wellington - Longitude BREAKING   Helicore launches from stealth with $65M Series A OBESITY   HCR-188 doses first patient in Phase 1 STRATEGY   Neutralize the hormone, don't block the receptor GOAL   Quarterly dosing, fat loss over muscle loss BACKERS   Versant - OrbiMed - Wellington - Longitude
Peter DiLaura, CEO of Helicore Biopharma // Peter DiLaura. Wharton economics, then thirty years teaching molecules to behave.
Person / Executive / Company Builder

Peter DiLaura

The obesity field is in a gold rush. He is running the company that wants to take a hormone off the table instead of barricading its door.

CEO, Helicore Bio Board Director San Mateo, CA
The Dispatch // who he is now

In a converted office in San Mateo, a team of eight is trying to do something the obesity field mostly skipped over: pull a hormone called GIP out of the bloodstream rather than plug the receptor it docks into. The man asked to turn that contrarian idea into a medicine is Peter DiLaura, and he has done this dance before - quietly, repeatedly, for nearly three decades.

Helicore Biopharma came out of stealth in January 2025 with $65 million and a clinic-ready antibody. DiLaura is its CEO and a director on its board. His job is not to invent the science; that work, a first-in-class GIP ligand-binding antibody, was already humming when he arrived. His job is the harder, less glamorous part: assembling the people, the money, and the discipline that carries a promising molecule from a slide deck to a syringe.

That is the work he keeps getting handed. Microbiome therapeutics at Second Genome. Regulatory T cell therapies at Sonoma Biotherapeutics. Protein-modulating small molecules at Initial Therapeutics. New-company creation at Third Rock Ventures. Four wildly different frontiers of medicine, one constant operator standing in the middle of each, building the scaffolding around the science.

For some time, I have been following the company with keen interest - it is doing exciting and original work. Peter DiLaura
The Contrarian Bet // the science, plainly

Most drugs knock on the door. Helicore takes away the knocker.

GIP is an incretin hormone, a cousin of the now-famous GLP-1. The obesity drugs that minted billions go after receptors. Helicore goes one step upstream and aims a monoclonal antibody at the circulating GIP ligand itself, neutralizing it before it ever reaches a receptor. The genetic hint that this could work: people born with loss-of-function mutations in their GIP genes tend to be protected from obesity.

The crowded approach

Block the GIP receptor on the cell. Effective, but it is the path most of the field is racing down at once.

Helicore's approach

Bind and remove the GIP hormone in the blood. The aim: preferential fat loss, restored leptin sensitivity, and cardiometabolic upside when paired with GLP-1.

The Pipeline // three conjugates

One antibody, stacked three ways

Helicore pairs its GIP antibody with engineered peptide partners. The lead asset, HCR-188, has Phase 1 validation; the conjugates aim for quarterly-or-less dosing.

HCR-188 — GIP antibody (lead)In clinic
HCR-488 — GIP + biased GLP-1Discovery
HCR-688 — GIP + amylinDiscovery
HCR-588 — triple mechanismDiscovery

// Bars reflect relative program maturity, not clinical endpoints.

The Long Game // how he got here

He started in software, of all places

Before the white coats and clinical trials, DiLaura spent the 2000s at Ingenuity Systems, a bioinformatics software company. He joined as the business development lead and left having grown revenue from zero to more than $30 million a year, running a team of 40. It is an unusual pedigree for a life-sciences CEO - commercial muscle built selling tools to scientists before he ran the science itself.

From there the pattern set in. He took the top job at Second Genome when the microbiome was the frontier everyone was whispering about. He moved to Third Rock Ventures as an Entrepreneur-in-Residence, the role venture firms reserve for people they trust to conjure companies out of raw biology. At Sonoma Biotherapeutics he built the unglamorous machinery - finance, legal, intellectual property, investor relations, HR - that lets a science team actually function. In April 2024 he was named CEO of Initial Therapeutics. Within a year, Helicore came calling.

The through-line is not a single disease or modality. It is the act of building - of being the steady operator a board hands the keys to when the science is real and the company is not yet one.

1995

BS in Economics, The Wharton School, University of Pennsylvania.

2001-2010

Ingenuity Systems. From zero to $30M+ in annual revenue; team of 40.

2010s

CEO, Second Genome - microbiome therapeutics.

2020s

Entrepreneur-in-Residence, Third Rock Ventures.

2020s

Chief Business & Strategy Officer, Sonoma Biotherapeutics.

2024

Named President & CEO, Initial Therapeutics.

2025

CEO & Board Director, Helicore Biopharma.

Every Hat in the Cycle // the resume, decoded

Operator. Builder. Director.

Now

Helicore Biopharma

CEO and Board Director. Long-acting antibody-peptide conjugates for obesity and cardiometabolic disease.

2024

Initial Therapeutics

President & CEO of a company developing novel protein-modulation small molecules.

Strategy

Sonoma Biotherapeutics

Chief Business & Strategy Officer. Drove financing and built core corporate functions for the Treg therapy company.

Creation

Third Rock Ventures

Entrepreneur-in-Residence, focused on conjuring new companies from early science.

CEO

Second Genome

Led a pioneering microbiome therapeutics company.

Boards

Character Bio & Weave Bio

Independent Director, lending operator perspective to two more biotechs.

Worth Knowing // the specifics

Three details that explain the man

The aspiration is blunt: weight loss that keeps your muscle, restores the body's own signals, and asks for a shot once a quarter instead of once a week. The Helicore mission, in plain terms
The Rolodex // go deeper

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