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San Diego–based Cullgen is the latest start-up launching with plans to develop targeted protein degraders—small molecules that bind a disease-causing protein at one end and tag it for destruction by the cell’s protein-recycling machinery at the other end. The venture capital firms Sequoia Capital China and HighLight Capital together invested $16 million in Cullgen’s series A financing. Cullgen’s initial focus is on cancer, as well as autoimmune and inflammatory diseases.
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