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§ Private Profile · San Carlos, CA, USA
Clinical-stage biopharmaceutical company developing therapeutics for autoimmune, gastrointestinal, and celiac diseases.
Based in San Carlos, California, Alvine Pharmaceuticals was a clinical-stage biopharmaceutical company that developed biologics and therapeutics targeting autoimmune and inflammatory diseases, with a primary focus on celiac disease. The organization's lead investigational product, ALV003, was an orally administered enzyme therapy designed to degrade gluten proteins in the stomach. Operating with a team of 10 to 50 employees, the enterprise raised $128.51 million across six venture funding rounds to support its clinical development programs. The company secured financial backing from prominent investors including Flagship Pioneering, InterWest Partners, and Sofinnova Ventures, alongside a $70 million upfront corporate partnership deal with AbbVie. Following a failed Phase 2b clinical trial in 2015, the firm's non-cash assets were acquired by ImmunogenX the subsequent year. Alvine Pharmaceuticals was originally founded in 2005 by Chaitan Khosla, Blair Stewart, and Kevin Kaster.
Alvine Pharmaceuticals has raised $48.5M across 3 funding rounds.
Alvine Pharmaceuticals has raised $48.5M in total across 3 funding rounds.
Alvine Pharmaceuticals has raised $48.5M in total across 3 funding rounds.
Alvine Pharmaceuticals's investors include Gaurav Aggarwal, Black River Asset Management, Flagship Ventures, InterWest Partners, Prospect Venture Partners, Sofinnova Ventures, Cargill Ventures, Canaan Partners.
Alvine Pharmaceuticals has raised $48.5M across 3 funding rounds. Most recently, it raised $21.5M Series A Extension in September 2009.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 15, 2009 | $21.5M Series A Plus | Gaurav Aggarwal | Black River Asset Management, Flagship Ventures, Interwest Partners, Prospect Venture Partners, Sofinnova Investments | Announced |
| Jun 24, 2008 | $5M Venture Round | — | Cargill Ventures, Flagship Ventures, Interwest Partners, Prospect Venture Partners, Sofinnova Investments | Announced |
| Sep 1, 2006 | $22M Series A | — | Canaan Partners, Prospect Venture Partners, Sofinnova Investments | Announced |
Alvine Pharmaceuticals is a clinical‑stage biopharmaceutical company (originally founded mid‑2000s) that developed enzyme‑based oral therapies to degrade gluten and treat autoimmune / gastrointestinal diseases, most notably celiac disease; its lead program (ALV003 / latiglutenase) advanced through Phase 2 studies and the company’s non‑cash assets were acquired by ImmunogenX/Immunogenics in the mid‑2010s[4][7][6].
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