Go­ing where PRO­TACs can't, Ver­sant un­veils $50M bet on Car­olyn Bertozzi's LY­TAC tech — with a ris­ing star at the helm

When the first pro­tein degra­da­tion com­pa­nies an­nounced them­selves to the biotech world around 2013, wield­ing PRO­TACs — pro­te­ol­y­sis tar­get­ing chimeras — they promised to break the rules on what pro­teins were thought to be “drug­gable.” But a siz­able chunk re­mained stub­born­ly out­side of that realm, out of reach for a tech­nol­o­gy that works ex­clu­sive­ly in­side cells: ex­tra­cel­lu­lar pro­teins.

The glar­ing hole like­ly ex­plains the “ex­treme in­ter­est” that Car­olyn Bertozzi re­ceived when her Stan­ford team post­ed a preprint de­scrib­ing LY­TACs, or lyso­some-tar­get­ing chimeras. Like PRO­TACs, they lever­age the body’s nat­ur­al garbage dis­pos­al sys­tems; rather than E3 lig­as­es, they make use of the en­do­some that traf­fics ma­te­r­i­al to the lyso­some.

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