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Business

GSK buying Sitari Pharmaceuticals

by Ryan Cross
September 14, 2019 | A version of this story appeared in Volume 97, Issue 36

GlaxoSmithKline will acquire Sitari Pharmaceuticals for an undisclosed sum. GSK and venture capital firm Avalon Ventures founded Sitari in 2013. GSK and Avalon struck a deal at the time to fund up to 10 biotech start-ups at Avalon’s incubator, COI Pharmaceuticals, and have launched 8 start-ups so far. Sitari has focused on developing small-molecule inhibitors of transglutaminase 2, an enzyme that ignites inflammation in response to gluten in people with celiac disease.

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