DTx Pharma Inc., a privately-held biotechnology company creating novel RNA-based therapeutics to treat the genetic drivers of disease, will expand its operations into a new 14,000 square foot lab and office space, located in the Sorrento Valley biotech cluster of San Diego, California.
"We are very excited to be one of the first biotech companies to move into this state-of-the art lab and office space, joining many other important companies in this emerging area," said Arthur T. Suckow, Co-Founder and CEO of DTx Pharma.
"This new facility represents an important strategic step for DTx. It provides us with a solid foundation to grow our culture, expand our team and speed development and deployment of our fatty acid conjugate technology platform to solve the drug delivery challenges associated with RNA-based medicines," he added.
DTx's new facility in Sorrento Valley, which was completed less than a year ago, will allow the company to internalize its chemistry efforts, broaden the application of its fatty acid conjugate technology, and expand its team and infrastructure to support the future growth of the company.
According to company officials, DTx was launched in August 2017 and completed its $10.6M Series A in January 2020 with investment from FBV Fund I, Eli Lilly, Viva Biotech, ExSight Ventures and the Tech Coast Angels, among others.
The company's proprietary delivery technology platform utilizes fatty acids as targeting ligands to enable the delivery of oligonucleotide therapies to tissues and cell types throughout the body.