Carmot Therapeutics
Founded Year
2008Stage
Acquired | AcquiredTotal Raised
$374.88MValuation
$0000About Carmot Therapeutics
Carmot Therapeutics is a clinical-stage biotechnology company. It is focused on the discovery and development of disease-modifying therapies for people living with metabolic diseases including obesity and diabetes. The company utilizes chemotype evolution, a pioneering drug discovery platform, to identify novel incretin receptor signaling targets and develop a broad pipeline of therapeutics. It was founded in 2008 and is based in Berkeley, California. In December 2023, Carmot Therapeutics was acquired by Roche at a valuation in the range of $2.7B and $3.1B.
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Research containing Carmot Therapeutics
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Carmot Therapeutics in 1 CB Insights research brief, most recently on Jan 4, 2024.
Jan 4, 2024 report
State of Venture 2023 ReportCarmot Therapeutics Patents
Carmot Therapeutics has filed 7 patents.
The 3 most popular patent topics include:
- rare diseases
- autosomal recessive disorders
- diabetes
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
8/13/2019 | 2/7/2023 | Rare diseases, Proteins, Autosomal recessive disorders, Human proteins, Transcription factors | Grant |
Application Date | 8/13/2019 |
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Grant Date | 2/7/2023 |
Title | |
Related Topics | Rare diseases, Proteins, Autosomal recessive disorders, Human proteins, Transcription factors |
Status | Grant |
Latest Carmot Therapeutics News
Sep 17, 2024
17 September 2024 Following its $2.7 billion acquisition of Carmot Therapeutics, Roche (ROG: SIX) is intensifying its focus on obesity treatments, details of which have been set out at an investor event. The Swiss pharma giant's purchase includes CT-388, an injectable therapy, and CT-996, an oral pill, both aimed at addressing the growing global obesity crisis and taking a slice of a massive new market led by Novo Nordisk (NOV: N) and Eli Lilly (NYSE: LLY). Roche has been actively expanding its cardiovascular, renal, and metabolism pipeline, with a particular emphasis on obesity and diabetes. This article is accessible to registered users, to continue reading please register for free . A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login . If your trial has come to an end, you can subscribe here. Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters. Receive The Pharma Letter daily news bulletin, free forever. Become a subscriber
Carmot Therapeutics Frequently Asked Questions (FAQ)
When was Carmot Therapeutics founded?
Carmot Therapeutics was founded in 2008.
Where is Carmot Therapeutics's headquarters?
Carmot Therapeutics's headquarters is located at 740 Heinz Avenue, Berkeley.
What is Carmot Therapeutics's latest funding round?
Carmot Therapeutics's latest funding round is Acquired.
How much did Carmot Therapeutics raise?
Carmot Therapeutics raised a total of $374.88M.
Who are the investors of Carmot Therapeutics?
Investors of Carmot Therapeutics include Roche, The Column Group, Willett Advisors, Deep Track Capital, RA Capital Management and 18 more.
Who are Carmot Therapeutics's competitors?
Competitors of Carmot Therapeutics include Echelon Biosciences, National Disease Research Interchange, DiscoveryBioMed, InterveXion Therapeutics, Cognition Therapeutics and 7 more.
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