Robert Doebele and Avanish Vellanki (Rain)

New tar­get­ed ther­a­py ap­proach­es win Rain Ther­a­peu­tics $63M — de­signed to beat a quick path to ap­proval

Rain Ther­a­peu­tics is on a tear.

When the biotech got start­ed in the San Fran­cis­co Bay Area, it was sin­gu­lar­ly fo­cused on tar­lox­o­tinib, a small mol­e­cule in­hibitor named for its de­sign to tar­get low oxy­gen lev­els in the tu­mor and there­by spar­ing healthy tis­sues. More than two years lat­er, Rain has tripled its pipeline with­in days, first li­cens­ing a re­search pro­gram from Drex­el Uni­ver­si­ty, then more re­cent­ly nab­bing a Phase II-ready drug from Dai­ichi Sankyo.

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