Asset Manager

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Aligos Therapeutics

Aligos Therapeutics was founded in 2018 by Lawrence Blatt, a longtime antiviral researcher who previously led Alios BioPharma to a $1.75 billion...

Aligos Therapeutics

Aligos Therapeutics was founded in 2018 by Lawrence Blatt, a longtime antiviral researcher who previously led Alios BioPharma to a $1.75 billion acquisition by Johnson & Johnson. Blatt assembled a founding team of former Alios and Janssen scientists and secured early backing from a syndicate including Roche Venture Fund, Novo Holdings, and Wellington Management. The firm is headquartered in South San Francisco. The company's pipeline targets liver diseases and viral infections through a multi-pronged approach. Aligos advances oligonucleotide therapies aimed at functional cure for chronic hepatitis B, alongside small-molecule candidates for nonalcoholic steatohepatitis. A SARS-CoV-2 protease inhibitor program was also part of the early portfolio. The company has historically operated through research collaborations with academic centers and contract research organizations rather than acquiring portfolio companies. Its strategic footprint spans the US biotech corridor and European trial sites. Aligos completed an IPO on Nasdaq in October 2020, raising roughly $150 million, with a clinical pipeline then spanning HBV, NASH, and coronavirus indications. In January 2024, the company discontinued a Phase 2a study of its NASH candidate ALG-055009 after interim data failed to meet efficacy thresholds, redirecting resources toward its hepatitis B portfolio. The firm does not operate adjacent vehicles or disclosed philanthropic foundations. The firm's architecture is that of a single-asset biotech platform: a unified scientific team with multiple programs, rather than a fund vehicle or discovery incubator. Its structural distinction lies in a pipeline designed for individual partnering or licensing of drug candidates, allowing the company to advance core programs internally while exploring strategic deals for deprioritized assets.

Website
aligos.com

General information

Firm type

Asset Manager

Year founded

2018

AUM

Undisclosed

Location

Region

North America

Country

United States

City

South San Francisco

Corporate office

South San Francisco, CA, United States

Principals

Lawrence Blatt

Chairman, President & CEO

David Smith

Chief Financial Officer

Sector focus

Biotechnology

Frequently asked questions

Who founded Aligos Therapeutics and what is their background?

Lawrence Blatt founded Aligos in 2018 and serves as Chairman, President, and CEO. Blatt previously founded Alios BioPharma, an antiviral biotech that Johnson & Johnson acquired for $1.75 billion in 2014. His career has focused on antiviral drug development, and he brought several former Alios and Janssen colleagues to the Aligos founding team.

What therapeutic areas does Aligos prioritize?

Aligos focuses on liver diseases and viral infections. Its pipeline has included programs for chronic hepatitis B aiming for functional cure, nonalcoholic steatohepatitis, and SARS-CoV-2. As of early 2024, the hepatitis B portfolio is the primary clinical focus following the discontinuation of the NASH candidate ALG-055009.

How is Aligos Therapeutics funded?

Aligos is publicly traded on Nasdaq under the ticker ALGS, having completed its IPO in October 2020. Pre-IPO investors included Roche Venture Fund, Novo Holdings, and Wellington Management.

What is the significance of the January 2024 pipeline update?

In January 2024, Aligos discontinued its Phase 2a study of ALG-055009, a thyroid hormone receptor beta agonist for NASH, after interim data failed to meet efficacy thresholds. The company redirected resources toward its hepatitis B programs, including the ALG-000184 capsid assembly modulator.

What is Aligos's approach to hepatitis B treatment?

Aligos pursues a functional cure for chronic hepatitis B by targeting multiple points in the viral lifecycle. Its pipeline includes an siRNA candidate, an antisense oligonucleotide, a capsid assembly modulator, and a small-molecule PD-L1 inhibitor, aiming for combination regimens that suppress viral replication and restore immune response.

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