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Metacrine was a clinical-stage biopharmaceutical company focused on pioneering differentiated therapies for patients suffering from liver and gastrointestinal diseases. The company’s primary work involved developing small molecule product candidates, particularly farnesoid X receptor (FXR) agonists, designed to address the underlying causes of various metabolic and digestive conditions. This therapeutic approach aimed to modulate key pathways to restore health and improve patient outcomes in areas with significant unmet medical needs.
The company was founded in 2015 by a team of scientific and pharmaceutical industry veterans including Michael Downes, Richard Heyman, and Ronald M. Evans. This group leveraged their extensive expertise in nuclear receptor biology and drug development, particularly from their previous work at institutions like the Salk Institute and Seragon Pharmaceuticals, to establish a new entity dedicated to translating cutting-edge science into novel treatments. Their insight centered on the therapeutic potential of targeting specific metabolic pathways to tackle complex diseases.
Metacrine developed therapies intended for patients with a range of liver and gastrointestinal disorders. The company’s long-term vision was to bring forward innovative and effective medicines that could fundamentally change the treatment landscape for these chronic and often debilitating conditions. By focusing on distinct biological mechanisms, Metacrine sought to offer new therapeutic options where current treatments were inadequate, ultimately improving the quality of life for affected individuals.
Metacrine has raised $87.0M across 2 funding rounds.
Metacrine has raised $87.0M in total across 2 funding rounds.
# Metacrine: Clinical-Stage Biotech, Not Technology Company
Metacrine is not a technology company—it is a clinical-stage biopharmaceutical company focused on developing therapies for liver and gastrointestinal diseases.[1] The premise of your query contains an inaccuracy that should be clarified before proceeding with the requested analysis.
Metacrine is a privately held biotech company founded in 2015[2] that develops differentiated drug therapies rather than software or technology products. The company builds a pipeline of treatments targeting non-alcoholic steatohepatitis (NASH), diabetes, and other metabolic and liver disorders.[3] Its core mission centers on translating cutting-edge nuclear receptor science into clinical medicines that address significant unmet medical needs in metabolic disease.
The company's value proposition lies in its proprietary farnesoid X receptor (FXR) platform, which utilizes a unique chemical scaffold that has demonstrated improved therapeutic profiles in clinical trials.[1] Rather than serving end-users or customers in the traditional sense, Metacrine serves patients with serious liver and metabolic diseases, with its ultimate customers being healthcare systems and pharmaceutical partners.
Metacrine was founded on technology licensed from Dr. Ronald Evans' laboratory at the Howard Hughes Medical Institute at the Salk Institute.[2][3] Evans is a world leader in nuclear receptor research, with foundational work on the discovery of nuclear receptors and hormone signaling mechanisms that control metabolism.[3] This scientific pedigree provided the company with a strong technological foundation from inception.
Neil McDonnell, the company's chief executive officer, brought extensive experience from top-tier pharmaceutical and global health organizations, including prior roles at Takeda Pharmaceuticals, the Bill & Melinda Gates Foundation, and biotech firms ZymoGenetics and Immunex.[3] At its launch in August 2015, Metacrine was essentially a science-stage company working primarily on validating Evans' laboratory discoveries before generating its own clinical data.[3]
Metacrine operates within the metabolic disease and NASH treatment space, where significant unmet medical needs persist. NASH affects millions globally and lacks approved disease-modifying therapies, creating substantial market opportunity. The company's focus on nuclear receptor biology aligns with a broader trend in precision medicine—targeting specific molecular pathways rather than broad-spectrum interventions.
The timing of Metacrine's founding (2015) coincided with growing recognition of NASH as a major public health challenge and increased investment in metabolic disease therapeutics. The company's reliance on licensed academic technology reflects a broader ecosystem trend where biotech firms translate university discoveries into commercial therapies.
As a clinical-stage company, Metacrine's trajectory depends on advancing its drug candidates through clinical trials and demonstrating safety and efficacy in human subjects. The company's success will be measured not by technology adoption or user growth, but by regulatory approvals, clinical trial outcomes, and ultimately, the ability to bring therapies to market that improve patient outcomes in metabolic disease.
The broader context suggests tailwinds for metabolic disease therapeutics, but Metacrine faces competition from larger pharmaceutical companies and other biotech firms pursuing similar targets. The company's future influence will depend on whether its FXR platform delivers superior clinical results compared to alternative approaches—a question that only clinical data can answer.
Metacrine has raised $87.0M in total across 2 funding rounds.
Metacrine's investors include Venrock, New Enterprise Associates, Ruby Lee, Alexandria Venture Investments, ARCH Venture Partners, ArrowMark Partners, Deerfield Management, Franklin Templeton, Invus, Lilly Asia Ventures, NEA, Polaris Partners.
Metacrine has raised $87.0M across 2 funding rounds. Most recently, it raised $65.0M Series C in June 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2018 | $65.0M Series C | Venrock | New Enterprise Associates, Ruby Lee, Alexandria Venture Investments, ARCH Venture Partners, ArrowMark Partners, Deerfield Management, Franklin Templeton, Invus, Lilly Asia Ventures, NEA, Polaris Partners, Vivo Capital |
| Dec 1, 2017 | $22.0M Series B | New Enterprise Associates | Ruby Lee, Alexandria Venture Investments, ARCH Venture Partners, Polaris |