Ankyra Therapeutics is a clinical-stage Boston biotech developing anchored immunotherapy - a platform that physically tethers potent immune-modulating drugs to aluminum hydroxide so they stay concentrated inside a tumor rather than spreading through the body. Its lead candidate, tolododekin alfa (ANK-101), anchors the powerful cytokine IL-12 in the tumor microenvironment, aiming to unlock IL-12's anti-tumor activity while avoiding the systemic toxicity that has historically limited it. Founded in 2019 out of MIT science and led by CEO Howard L. Kaufman, the company is running Phase 1/1b trials in advanced solid tumors, including combinations with immune checkpoint inhibitors.
BostonGene is a Waltham, Massachusetts biotechnology company that applies AI-driven multiomics to cancer. Its Tumor Portrait platform integrates DNA and RNA sequencing with immune and tumor-microenvironment analysis into a single test, producing molecular profiles that help oncologists select therapies and help pharmaceutical partners design trials, identify biomarkers, and accelerate drug development. Founded in 2015 and led by CEO Andrew Feinberg, the company reached unicorn status in 2022.
Teon Therapeutics is a clinical-stage, privately held biopharmaceutical company in Redwood City, California, developing a focused portfolio of orally administered small-molecule drugs that block immunosuppressive, cancer-promoting signaling pathways in the tumor microenvironment. Its GPCR-directed candidates - TT-702, a first-in-class adenosine A2B receptor antagonist, and TT-816, a first-in-class cannabinoid CB2 receptor antagonist - aim to restore anti-tumor immunity for the roughly 88% of solid-tumor patients who do not benefit from existing immunotherapies. The founding team members were primary inventors of Lexiscan, the only FDA-approved selective adenosine therapeutic.
CytomX Therapeutics is a clinical-stage, oncology-focused biopharmaceutical company in South San Francisco that engineers conditionally activated antibody therapeutics through its proprietary PROBODY platform. By masking a drug's binding site and unmasking it only in the tumor microenvironment - where specific proteases cut a cleavable linker - CytomX aims to hit cancer targets that are otherwise too toxic to drug, widening the therapeutic window for antibody-drug conjugates, T-cell engagers and cytokines. Its wholly owned pipeline is led by CX-2051, an EpCAM-targeting PROBODY ADC for metastatic colorectal cancer, alongside masked interferon CX-801 and T-cell engager CX-904, and it partners its technology with Amgen, Astellas, Bristol Myers Squibb, Moderna and Regeneron.
AmMax Bio is a clinical-stage biotechnology company in Redwood City, California, developing first-in-class cancer therapeutics built on a CSF1R-targeting antibody platform. Founded in 2020 by pharmaceutical veteran Larry Hsu, PhD, in partnership with Amgen, the company advances a pipeline that spans a monoclonal antibody for tenosynovial giant cell tumor (TGCT), a therapy for colorectal cancer minimal residual disease (in partnership with MD Anderson), and a lead antibody-drug conjugate, AMB-104, for acute myeloid leukemia. AmMax's strategy is to de-risk development by combining clinically validated antibodies with established linker-payload technology.
Apeximmune Therapeutics is a South San Francisco / Burlingame-area biotechnology company developing next-generation antibody therapeutics that harness the immune system to treat cancer and autoimmune disease. Using a proprietary target-discovery platform built on bioinformatic analysis of thousands of tumor RNA-seq transcriptomes, the company has identified more than 30 novel immune targets. Its lead program, AI-306, is a first-in-class antagonist antibody against the novel immune checkpoint AIM-103, and its MEBA platform builds bispecific antibodies that engage macrophages to kill tumor cells. The company closed a $21.3 million Series A in 2025 led by PharmaEssentia.
Dispatch Bio is a Philadelphia-based cancer biotech that emerged from stealth in July 2025 with $216 million to pursue a 'universal' immunotherapy for solid tumors. Its first-in-class Flare platform uses an engineered virus to install a synthetic, tumor-specific antigen on cancer cells while remodeling the tumor's immune-suppressive environment, effectively giving CAR T cells a target where none existed. Founded in 2022 out of the Parker Institute for Cancer Immunotherapy and ARCH Venture Partners, the company is led by CEO Sabah Oney and counts CAR T pioneer Carl June among its scientific co-founders.
Glycyx is a San Francisco biopharmaceutical company developing axelopran, an orally administered peripheral mu-opioid receptor antagonist, to counter opioid-induced immunodeficiency in cancer patients. Roughly 45% of immunotherapy patients take opioids for pain, and studies link that use to sharply worse outcomes on checkpoint inhibitors. Axelopran blocks opioid signaling on immune cells - without touching pain relief - to restore T-cell infiltration into tumors and make 'cold' tumors respond to immunotherapy. The company is Phase 2b-ready with an active IND and has drawn NIH SBIR grant support.
Bonum Therapeutics is a Seattle biotechnology company building conditionally active biologics - drugs that switch on only where they are needed and switch off everywhere else. Spun out of Good Therapeutics after Roche's $250M acquisition in 2022, Bonum kept the platform blueprint and its founding team, then raised a $93M Series A to extend the approach. Its patented dual-binding antibody (DBA) technology uses a single domain that binds either an effector cytokine or a marker protein, but only one at a time, creating fully reversible medicines aimed at cancer, autoimmunity, metabolic disease and pain.
Larkspur Biosciences is a Cambridge, Massachusetts precision-oncology company building first-in-class small molecule protein degraders that attack cancer cells where they are most vulnerable. Using its machine-learning-enabled LarkX platform to pinpoint 'cancer cell fitness' genes, Larkspur designs drugs that trigger tumor-intrinsic cell death and disrupt how cancers hide from the immune system. Its lead candidate, LRK-4189, degrades the lipid kinase PIP4K2C and entered first-in-human Phase 1 testing in December 2025 for microsatellite stable colorectal cancer.
Marengo Therapeutics is a Cambridge, Massachusetts clinical-stage biotech reprogramming the immune system from the inside out. Instead of releasing the brakes on T cells the way checkpoint inhibitors do, Marengo's STAR (Selective T Cell Activation Repertoire) platform builds antibody-fusion molecules that target variable regions of the T cell receptor (Vβ) to selectively wake up the specific subsets of T cells that can attack tumors - and remember them. Launched in 2021 with $80M from Apple Tree Partners, its lead drug invikafusp alfa (STAR0602) is in Phase 1/2 trials, has earned FDA Fast Track designation, and is being studied across cancers that no longer respond to PD-1 therapy.
MaveriX Oncology is a Palo Alto biotech developing conditionally activated small molecule drug conjugates (CA-SMDCs) that exploit tumor-associated hydroxylase biology to deliver cytotoxic and immunomodulatory payloads selectively to solid tumors. Its IMPACT-2X platform aims to widen the therapeutic window of chemotherapy and immunotherapy, killing cancer cells while turning 'cold' immunosuppressive tumors 'hot.' Founded by veteran oncology drug developers and backed by PPF Group and SOTIO, the company's lead program is MVX-5005.
Noetik is an AI-native biotechnology company building foundation models of human cancer biology to discover precision immunotherapies. It pairs one of the world's largest proprietary spatial-omics datasets - hundreds of millions of spatially resolved tumor and immune cells - with a high-throughput in vivo CRISPR Perturb-Map platform to train multimodal virtual cell models like OCTO-VC. These models simulate gene expression, cell states, and tumor-immune interactions, letting researchers find drug targets and predict patient response computationally. Founded in 2022 by former Recursion leaders Ron Alfa and Jacob Rinaldi, Noetik has raised roughly $62M and licenses its models to pharma, including an anchor partnership with GSK.
OncoC4, Inc. is a Rockville, Maryland clinical-stage biopharmaceutical company building first-in-class and best-in-class antibody therapies for hard-to-treat cancers and Alzheimer's disease. Founded by immunologists Yang Liu and Pan Zheng, the company discovered the innate immune checkpoint CD24-Siglec-10 and is advancing a pipeline led by gotistobart (ONC-392), a next-generation anti-CTLA-4 antibody partnered with BioNTech, alongside SIGLEC10, PD-1/VEGF, and CD24-targeting programs.
Akamis Bio is a clinical-stage oncology company building intravenously delivered, tumor-targeted gene therapies on its Tumor-Specific Immuno-Gene (T-SIGn) platform. Using a replication-competent, directed-evolution-engineered group B adenovirus that selectively infects epithelial-derived solid tumors, Akamis turns cancer cells into local 'drug factories' that express immune-modulating payloads inside the tumor while sparing healthy tissue. Headquartered in Cambridge, Massachusetts (with UK roots as the former PsiOxus Therapeutics), its lead program NG-350A delivers a CD40 agonist antibody directly to primary and metastatic tumors.
Normunity is a clinical-stage biotech building a new class of cancer drugs it calls 'immune normalizers' - antibodies and T cell engagers that target previously hidden mechanisms tumors use to evade the immune system. Founded on the science of Yale immunologist Lieping Chen and led by drug-development veteran Rachel Humphrey, the company runs research at Yale's West Campus in West Haven, Connecticut, and dosed its first patient in 2025.
CatalYm is a German clinical-stage biotech developing visugromab, a GDF-15 neutralizing monoclonal antibody designed to reverse immunotherapy resistance in solid tumors and address cancer cachexia.