Biotechnology company EpiBiologics has appointed Dr Ann Lee-Karlon as CEO, president and a member of its board. 

Lee-Karlon will handle activities related to the expansion of the EpiTAC platform, a modular antibody-based system. She will establish partnerships and create a bispecific antibody protein degrader therapeutics pipeline. 

Lee-Karlon previously worked as chief operating officer at Altos Labs. She has also served as senior vice-president at Genentech.

Lee-Karlon stated: “EpiBiologics has developed a groundbreaking platform to target membrane and extracellular proteins, leveraging a novel atlas of tissue-specific degrader antibodies. 

“Targeted extracellular protein degradation represents a new therapeutic modality with a wide range of applications, including cancer, immunology and neurological diseases.”

EpiBiologics has also raised $23m in a new Series A financing round, taking the total Series A funds to $73m.

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New investors Digitalis Ventures and Taiho Ventures and current investor Codon Capital provided the latest financing.

EpiBiologics was launched in March 2023 with Series A financing of $50m from investors Polaris Partners, Mubadala Capital, Vivo Capital and GV. 

The EpiTAC platform aids in the tissue-specific breakdown of disease-causing membrane and extracellular proteins.

Digitalis Ventures partner Samuel Bjork stated: “EpiBiologics has made tremendous progress with its leading-edge EpiTAC platform, which will unravel the underlying intricacies of disease biology to build precision therapeutics.”