Scorpion Therapeutics was a Boston-based, clinical-stage precision oncology company built to advance what it called "Precision Oncology 2.0" - pairing cancer biology, computational chemistry, medicinal chemistry and genomics to design small-molecule drugs against cancer targets that had resisted earlier approaches. Founded in 2020 by a group of prominent scientists and biotech operators, it raised more than $440 million and built a pipeline of mutant-selective inhibitors, most notably the PI3K-alpha inhibitor STX-478 and a franchise of fourth-generation EGFR inhibitors. In January 2025 Eli Lilly agreed to acquire the company and its PI3K-alpha program in a deal worth up to $2.5 billion, while Scorpion's remaining pipeline and staff were spun into a new independent company, Antares Therapeutics.
Nassim Usman is an organic chemist turned biotech operator who runs Totus Medicines, an Emeryville, California company using a DNA-encoded covalent library platform (OmniDEL) paired with machine learning to build small-molecule drugs against targets long considered undruggable. He took the CEO chair in December 2023 alongside a $66 million Series B, and its lead drug, TOS-358, is the first covalent PI3K-alpha inhibitor in the clinic. Over three decades he has moved from bench chemistry on RNA and ribozymes to the top jobs at Sirna Therapeutics, Catalyst Biosciences, and Principia Biopharma, plus a stint as a venture investor at Morgenthaler Ventures.
Synnovation Therapeutics is a Wilmington, Delaware precision medicine company building small-molecule cancer drugs aimed at validated oncology targets where greater potency and selectivity could beat the current standard of care. Founded in 2024 by a team of former Incyte medicinal chemistry leaders, it launched with a $102 million Series A led by Third Rock Ventures. Its lead programs are SNV1521, a CNS-penetrant, highly selective PARP1 inhibitor, and SNV4818, a mutant-selective PI3K-alpha inhibitor whose subsidiary Pikavation Therapeutics was acquired by Novartis in March 2026 for $2 billion upfront.
Totus Medicines is a clinical-stage precision medicines company in Emeryville, California, building covalent small-molecule drugs against historically undruggable targets. Its AI-powered OmniDEL platform screens billions of DNA-encoded covalent candidates against thousands of targets inside living cells, surfacing molecules that older methods miss. Its lead program, TOS-358, is the first and only covalent PI3Ka inhibitor in clinical development, showing class-leading tolerability and strong disease control in breast, endometrial, and head & neck cancers.
Wenqing Yao is the founder and CEO of Synnovation Therapeutics, a precision-oncology biotech in Wilmington, Delaware. A medicinal chemist by training, he spent nearly two decades at Incyte building and leading its discovery chemistry engine, a stretch that produced five FDA-approved drugs including Jakafi. In 2021 he left to start Synnovation, which launched publicly in January 2024 with a $102 million Series A to advance best-in-class small molecules against highly validated targets, led by a CNS-penetrant, isoform-selective PARP1 inhibitor and a mutant-selective PI3K-alpha inhibitor.