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Rodin Therapeutics

Biotech & Life Sciences · Cambridge, United States · Founded 2013

Develops novel therapeutics for neurological disorders by applying insights of epigenetics MoreLess

Rodin Therapeutics was a biopharmaceutical company focused on developing therapies for synaptopathies, a group of neurological disorders characterized by the loss of synaptic function. The company was co-founded in 2013 by Atlas Venture, a biotech-focused venture capital firm, and Proteros Biostructures. Adam J. Rosenberg, a seasoned entrepreneur with a background in law and extensive experience leading biotech startups like Teleos Therapeutics and Link Medicine Corporation, was appointed CEO in 2015. His leadership guided the company through critical funding stages and its ultimate acquisition.

The company's core business was centered on discovering and developing small molecule drugs that could penetrate the brain and selectively modulate the activity of histone deacetylase (HDAC) complexes. Specifically, Rodin targeted the HDAC-CoREST (Co-repressor of Repressor Element-1 Silencing Transcription Factor) complex. The scientific rationale was that inhibiting this specific complex could reactivate neuronal gene expression, strengthen existing synapses, and promote the creation of new ones, thereby addressing the synaptic loss that is a key correlate of cognitive decline in many neurodegenerative diseases. This approach was designed to overcome the hematological toxicity issues associated with older, less selective HDAC inhibitors, making it a more viable strategy for chronic treatment of conditions like Alzheimer's, Parkinson's, and Huntington's disease. The company's business model was rooted in capital-efficient research and development, advancing its lead candidates into clinical trials with the aim of either commercializing them or partnering with larger pharmaceutical companies. This strategy culminated in a significant milestone when Rodin was acquired by Alkermes plc in November 2019. The deal involved an upfront payment of $100 million, with the potential for an additional $850 million in milestone payments, validating Rodin's focused approach to developing treatments for CNS disorders.

Rodin's primary therapeutic candidate, RDN-929, was a brain-penetrant, complex-selective HDAC inhibitor. Preclinical studies demonstrated its ability to increase synaptic density and improve long-term potentiation in mouse models. The compound successfully entered Phase 1 clinical trials in late 2018, where it was found to be safe, well-tolerated, and active in engaging its target without the typical hematological side effects of other drugs in its class. This achievement was a crucial step, demonstrating the potential of its selective inhibition platform. The company's strategy also included the use of advanced neuroimaging biomarkers, such as the SV2A PET ligand, to monitor synaptic density in patients' brains in real-time, providing a more direct measure of therapeutic effect. Keywords: Rodin Therapeutics, synaptopathies, neurodegenerative disorders, HDAC inhibitors, CoREST complex, synaptic plasticity, Alkermes acquisition, Adam J. Rosenberg, Atlas Venture, Proteros Biostructures, small molecule therapeutics, CNS disorders, Alzheimer's disease treatment, Parkinson's disease research, RDN-929, epigenetic regulation, neuropharmacology, biotech M&A, venture capital, clinical trials, synaptic resilience, neuronal health, frontotemporal dementia

Company overview

Rodin Therapeutics company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2013
Headquarters
Cambridge, United States
Employees
1
Open positions
None listed
Dealroom signal
57.8
sub industryBioTechnologyindustryHealthsectorBiotechnologysectorNeurologysectorGenetics and genomicssectorEpigeneticssectorSpinoutsectorBiotech and PharmasectorDT and LSsectorscience-basedclient focusb2b

Valuation & funding

Rodin Therapeutics funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Nov 2019 $0 Alkermes
SERIES COther financing Sep 2017 $27M $108M Hatteras Venture Partners · Atlas Venture · Third Point Ventures · Remeditex Ventures
SERIES BOther financing Jan 2016 $17M $69M Biogen · Atlas Venture
SERIES AOther financing May 2014 $13M $52M Atlas Venture · Johnson & Johnson Development Corporation
SEEDOther financing Jun 2013 Atlas Venture · Johnson & Johnson Development Corporation
SPINOUTOther financing Jan 2013 Broad Institute
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Growth signals

Rodin Therapeutics website traffic

Latest recorded traffic for Rodin Therapeutics is 240 monthly website visits, up 100% over the last three months. Rodin Therapeutics's team grew 0% over the past year.

Latest monthly visits240 3-month web change+100% 1-year team growth0%
Monthly website visits67 observations · Oct 2014–Aug 2022
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Comparisons

Rodin Therapeutics compared with similar companies

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Talent graph

Rodin Therapeutics's talent

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Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

8 investors on Rodin Therapeutics's cap table

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Seed 2 investors entered at this stage
Atlas Venture
Johnson & Johnson Development Corporation
Series A 1 investor entered at this stage
Biogen
Series B+ 3 investors entered at this stage
Hatteras Venture Partners
Third Point Ventures
Remeditex Ventures
Other known 2 additional known investors
Alkermes
Broad Institute

Global footprint

Where Rodin Therapeutics has talent and traffic

Workforce by country
🇺🇸 United States · Cambridge HQ
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In the news

Latest news about Rodin Therapeutics

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Market sentiment

What the market is saying about Rodin Therapeutics

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