Success stories

Kymab

B3 Lifesciencesreport Casestudies

Established: 2010

Country: United Kingdom

Region: Cambridge

Investors: Wellcome Trust, Bill & Melinda Gates Foundation, Shenzhen Hepalink Pharmaceutical, ORI Capital, Woodford Patient Capital, Malin Corporation

Kymab is a ground-breaking antibody developer that spun out of the Wellcome Trust’s Sanger Institute in 2010. The Cambridge-based start-up was the first to engineer a transgenic mouse with a full set of genes encoding the entire human antibody response – known as Kymouse. This led to the creation of a world-leading library of 100 trillion different antibodies with applications for first-in-class treatments for auto-immune diseases, immuno-oncology, inflammatory disorders, as well as haematology.

Venture capital investment enabled Kymab to fund research and the creation of its proprietary technology, and later establish a clinical development team to advance promising antibody candidates. The company’s pipeline includes a potential first that has been shown to alleviate severe dermatitis, as well as antibodies to combat cancer. Kymab was acquired by Sanofi in 2021 for an upfront payment of approximately $1.1 billion and an additional $350 million upon achievement of certain milestones1.

IB Kymab

See how Kymab Automates Antibody Discovery (Video – 00:31)

$220m
raised in seed and VC equity funding
$1.45bn
acquisition by Sanofi
173
employees

Key achievements

  • Engineered first ever transgenic mouse with entire human antibody response

  • Leading library of 100trn different antibodies, leading to development of potential treatments in inflammatory disease and oncology2

  • Acquired by Sanofi for up to $1.45bn, including $1.1bn upfront payment

Funding history

  • Raised seed and VC equity funding of $220m3

  • Issued convertible preference shares for $60m

Employment impact

  • 173 employees4

Find out more

Visit website

1. https://www.sanofi.com/en/media-room/press-releases/2021/2021-01-11-07-30-00-2155914
2.https://kymab.com/media/uploads/files/nature_biopharma_dealmakers_01092014_Wp7htr6.pdf
3. https://www.kymab.com/about-us/our-history/
4. https://growjo.com/company/Kymab