Excited to see @CrossBridgeBio acquired by @EliLillyandCo! As a scientific co-founder, it’s been rewarding to see our ADC linker & conjugation chemistry move beyond the lab toward real-world applications. Grateful to my lab members, CBB team, and partners who made this possible.
Super excited to announce this! Proud of what we built at @CrossBridgeBio!
Personally rewarding especially as my dad passed away in January of this year. His birthday was 4/7. Tried to close on that day!
https://t.co/BQ5cMKU0rA
What an amazing time we had yesterday celebrating the win that was CrossBridgeBio. We’re building something special in Houston. I’m so grateful to have amazing people around me that have helped unlock tremendous opportunity for patients. We’re just getting started!
@Mykalt45 I don’t understand why some investors laugh at the deal size instead of praising the speed. Our priority, at least mine, is to deliver cure to patients asap. Partnering with a big pharma enables that. Not interested in working with people who treat this as just a financial game.
@Mykalt45 I do remember how difficult the earliest fundraising stage was. I hope more investors are willing to back founders early, even with modest checks, because, as we’ve shown, that can be enough to reach real success.
And I have to say, there’s a “founder friendly” fund that turned me down twice and I hear consistently that others have had not so great experiences, so I did it myself with CrossBridge to a great outcome.
Won’t go into specifics but my academic co-founders own as much as me, all my R&D team did very well, my SAFE investors made 17x, my Seed investors made 10x, and it was 1.5 years from Seed to Series A. That’s how it’s supposed to be done. Win win for absolutely everyone. That’s what I’m most proud of actually. So for those founders and first time CEOs struggling, know it can be done, and know I’m happy to help in any way!
And one other tidbit. I got an email from a fund two days before we closed that they’re passing on my Series A. Our last correspondence was Jan 28. So, be resilient my friends and keep building!
1.5 years from seed to $300m exit, without a ton of capital raised.
Huge VCs love to talk exits like this down, but @Mykalt45 and the team did much better than they would've in most >$1B outcomes. Speed and efficiency FTW.
Congratulations to UTHealth Houston faculty members Drs. Tsuchikama and An on CrossBridge Bio’s acquisition by Eli Lilly, advancing a novel cancer therapy toward clinical use & highlighting the power of academic discovery and industry partnership to deliver lifesaving treatments.
Eli Lilly has agreed to a $300 million biobuck acquisition of CrossBridge Bio, aiming to advance its dual-payload ADC pipeline https://t.co/P0YpkTqegz $LLY
NEW: Eli Lilly has agreed to acquire CrossBridge Bio, the Houston-based ADC specialist led by @Mykalt45
I talked with Michael Torres on his run as a first-time CEO ending with a potential $300M deal:
https://t.co/PPk3ZWL5SR
𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐌&𝐀 𝐍𝐞𝐰𝐬: Lilly is acquiring @CrossBridgeBio, a Texas biotech developing dual payload antibody-drug conjugates, for up to $300M. Co-Founder & CEO @Mykalt45 tells us.
Thunderbirds are Go! 🚀
CrossBridge Bio is being acquired by Lilly for up to $300M!
Founded 2023, IND filing anticipated 2026 – a remarkable run for a Houston startup built around a university linker technology...
@Mykalt45 Thanks for sharing such an inspiring story. Mine hasn’t been as dramatic, but I’ve lived through similar turning points and truly felt your message. I’m grateful you found me. I’m proud of what we’ve started, and I’m confident we’ll build an even more compelling story together!
This slide really didn't last long at all...
ORM-5029 has now been discontinued.
2/3 degrader antibody conjugates (DACs) removed from clinical development this month!
#AACR25#ADC
Tomatoes lose their bitterness and toxicity as they ripen thanks to DNA demethylation, the hormone ethylene, and key transcription factors, finds a new @ScienceAdvances study. https://t.co/kJi3ahPKyW