Company Profile

Akston Biosciences Corporation
Profile last edited on: 5/13/2024      CAGE: 6TER9      UEI: HTAWJJMSFY9

Business Identifier: Autoimmune Type 1 diabetes prevention: new classes of biologic therapeutics
Year Founded
2011
First Award
2014
Latest Award
2020
Program Status
Active
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Location Information

100 Cummings Center Suite 454c
Beverly, MA 01915
   (978) 969-3381
   info@akstonbio.com
   www.akstonbio.com
Location: Single
Congr. District: 06
County: Essex

Public Profile

Akston Biosciences was founded by the former team of SmartCells that, having developed the world’s first clinical glucose responsive insulin, was acquired by Merck & Co. for over $500M. Combining the Akston management team's core expertise with modern biotechnology manufacturing techniques, Akston is now working on medical insulin devices intended to prevent diabetes. The firm is structured around developing new classes of biologic therapeutics for use in autoimmune Type 1 diabetes prevention, ultra-long acting insulin therapy, and oncology to dramatically improve both human and animal health. The company's devices can be used in autoimmune Type 1 diabetes prevention, ultra-long-acting insulin therapy and oncology over 24 hours of hypoglycemia-free glucose control in diabetic mice with a single injection, enabling doctors to improve glucose control, reduce complications and eliminate hypoglycemia risk for human and animal health.

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
15-19
Revenue Range
1.5M-2M
VC funded?
Yes
Public/Private
Privately Held
Stock Info
----
IP Holdings
50-74

Awards Distribution by Agency

Most Recent SBIR Projects

Key People / Management

  Todd C Zion -- President, Co-founder & CEO

  David Alleva -- Executive Director Immunotherapies

  James M Herriman -- VP of Operations

  Thomas Lancaster -- VP, Manufacturing and Product R&D

  Alan Watson -- VP of Business Development

Company News

There are no news available.