Aardvark Therapeutics
↗San Diego, USA
Aardvark Therapeutics is a clinical-stage biopharmaceutical company focused on developing first-in-class small molecule therapeutics that activate innate homeostatic pathways to treat metabolic and orphan diseases. The company's lead platform targets Bitter Taste Receptors (TAS2Rs) expressed in the gut, which trigger the release of gut-peptide hormones like GLP-1 and cholecystokinin (CCK) to regulate hunger and metabolic function.
Headquartered in San Diego, the company transitioned to a public entity in early 2025. Its primary focus is on hyperphagia (insatiable hunger) associated with Prader-Willi Syndrome (PWS) and other forms of severe obesity. Aardvark's approach is considered 'orthogonal' to traditional GLP-1 therapies, as it targets the gut-brain axis through a gut-restricted mechanism that avoids systemic side effects like nausea.
CLASSIFICATION
Company Type:Biotech
Therapeutic Areas:
Industry:Biotechnology
Sub-Industry:Metabolic & Rare Disease Therapeutics
SIZE & FINANCIALS
Employees:1-50
Revenue:$0 (Pre-revenue)
Founded:2017
Ownership:public
Status:operating
FUNDING
Stage:Public
Total Raised:$212M
Investors:Decheng Capital, Cormorant Asset Management, Surveyor Capital, Vickers Venture Partners, Foundation for Prader-Willi Research
STOCK
Exchange:NASDAQ
Ticker:AARD
Market Cap:$225M-$315M
PIPELINE
Stage:Phase 3
Lead Drug Stage:Phase 3 (ARD-101 for PWS)
Modalities:Small molecule, TAS2R Agonists
Active Trials:4
Trial Phases:Phase 1: 1 | Phase 2: 2 | Phase 3: 1
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Subsidiaries:Artisan Therapeutics, Inc.
Key Partnerships:Foundation for Prader-Willi Research (FPWR), Prader-Willi Syndrome Association – USA
COMPETITION
Position:Emerging
Competitors:Soleno Therapeutics (VYKAT XR), Rhythm Pharmaceuticals (Setmelanotide), Harmony Biosciences (Pitolisant), Novo Nordisk, Eli Lilly
LEADERSHIP
Key Executives:
Tien Lee, MD - CEO & Founder
Nelson Sun - CFO
Manasi Jaiman, MD - CMO
Scientific Founders:Tien Lee, MD
Board Members:Victor Tong, Jr. (Decheng Capital), Susan E. Graf, Roy D. Baynes, MD, Jeffrey Chi, PhD
LINKS
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