Abstract
Indi Molecular has secured $11.5 million in series A funding to support the development of small peptides that act like antibodies. This first formal financing round was led by the venture arm of Merck KGaA, Legend Capital, Sabey, and earlier investors in the biotech firm. Indi Molecular was spun off of Integrated Diagnostics in 2013 with roughly $1.8 million in seed funding. The company’s core technology comes from the labs of a cofounder, Caltech chemist James R. Heath, who used click chemistry to develop a new class of compounds dubbed “protein-catalyzed capture” agents. PCCs are synthetic peptides that nestle into their protein targets with the specificity of antibodies but have small-molecule-like properties allowing them to access previously undruggable targets. The seed money, along with a partnership with an undisclosed big pharmaceutical company, allowed the biotech firm to develop its platform and intellectual property to a point where they can be
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