Odyssey Therapeutics focuses on developing next-generation precision immunomodulators and oncology therapies. Credit: Gorodenkoff / Shutterstock.com.

Odyssey Therapeutics, a biotechnology company focusing on developing next-generation precision immunomodulators and oncology therapies, has secured $101m in a Series C funding round. 

Ascenta Capital led the financing round with new and current investors, including Colt Ventures, Foresite Capital, General Catalyst, HBM Healthcare Investments, OrbiMed, SR One and Woodline Partners LP.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

This latest investment takes the capital raised since the company’s establishment in 2021 to $487m. 

The company will use it to progress several programmes into clinical trials and to continue investing in discovery processes to establish a therapeutic innovation model.

Odyssey Therapeutics founder and CEO Gary Glick stated: “Odyssey has rapidly advanced a portfolio of immunology and oncology therapeutics with the goal of providing transformative medicines for large numbers of patients in need and several of these molecules have the potential to enter the clinic in the next 12 months. 

“For us, success is defined as bringing safe and effective medicines to patients with serious diseases, with support from Ascenta and our other investors driving our pipeline into the future.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Ascenta Capital co-founder and managing partner Dr Lorence Kim will join the board of Odyssey.

Based in the US, Odyssey has a specialised team of researchers and industry leaders in foundational biology, chemistry and data sciences to transform the drug discovery process. 

Its drug discovery and development platform combines computational and experimental technologies, enabling the company to detect drug targets with greater clinical potential in a modality-agnostic manner. 

Odyssey has advanced programmes from the ideation stage into a portfolio comprising product candidates within two years.