Parabilis Medicines

Parabilis Medicines

Private
Cambridge, MassachusettsHealthcare & Life Scienceshttps://parabilismed.com/

Last Round

Series F

1/8/2026

Total Funding Raised

$801M

Company Overview

Parabilis Medicines, formerly known as FogPharma, is a privately held, clinical-stage biopharmaceutical company focused on developing a new class of cancer treatments. The company's proprietary Helicon™ discovery platform engineers precisely-tuned, stabilized helical peptide therapeutics designed to target and unlock a wide range of traditionally undruggable protein-protein interactions that drive cancer. Its lead candidate, FOG-001, is a first-in-class inhibitor of the β-catenin:TCF interaction, a known driver in colorectal and other cancers, and is currently in Phase 1/2 clinical trials. The company leverages artificial intelligence and advanced data science in its discovery and development processes. In early 2024, the company secured $145 million in a Series E financing round to advance its clinical programs and platform.

Sector

Healthcare & Life Sciences

Verticals

Drug Discovery, Biotechnology, Clinical Trials, Medical AI, Precision Medicine

Business Model

B2B

Customer Profile

Revenue Share

AI Layer

Application

Keywords

peptide therapeuticsundruggable targetsAI drug discoveryWnt pathway inhibitorsβ-catenin inhibitorprotein-protein interaction inhibitorshelical peptidesPPI inhibitorsdrug discovery platformtargeted protein degradationprotein degradersclinical-stage biotechprecision oncologysolid tumor therapeuticsradioligand therapycolorectal cancer

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Parabilis Medicines Comps

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CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Parabilis Medicines Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series F1/8/2026
Series E3/1/2024
Series D11/21/2022
Series C3/1/2021
Series B5/16/2018

Key People

Founding team and executive leadership

Mathai Mammen

CEO, President And Chairman

Executive Team

Parabilis Medicines Investors

Notable investors and investment history

InvestorRounds
Soleus CapitalSeries F
Janus Henderson GroupSeries F
Horizons VenturesSeries B
Boyu CapitalSeries B
RA Capital ManagementSeries E, Series F
Farallon Capital ManagementSeries F, Series C, Series E, Series D
Sixty Degree CapitalSeries F, Series E

Market signals

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  • Apr 14, 2026

    Konstantinos Kotarakos joins as Senior Vice President of Finance and Business Operations.

  • Apr 14, 2026

    Senior Vice President of Finance and Business Operations departs.

Parabilis Medicines Filings

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Parabilis Medicines Filings

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Frequently Asked Questions

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Firmographic Details

HeadquartersCambridge, Massachusetts
Employee Range179
Year Founded2015
Last Funding1/8/2026

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