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Start-ups

Sitryx launches with $30 million to develop targeted protein degradation therapies with help from GSK

by Ryan Cross
October 14, 2018 | A version of this story appeared in Volume 96, Issue 41
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Sitryx is the latest biotech to launch with plans to create targeted protein degradation therapies, small molecules that help tag proteins for destruction in a cell. The British company recently raised $30 million in series A funding from SV Health Investors, GlaxoSmithKline, and other investors. GSK’s drug discovery scientists will work closely with Sitryx as the start-up develops therapies that target proteins involved in immunometabolism to treat cancer and inflammation.

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