Prothera Biologics
Providence, US · 1 known investors
ProThera Biologics develops therapies based on Inter-alpha inhibitor proteins (IAIP), a class of human plasma proteins with anti-inflammatory activity, to treat patients with severe inflammatory diseases. The company targets life-threatening immune responses associated with high mortality in intensive care settings.
Also known as ProThera Biologics · ProThera Biologics, Inc.
Founders & leadership
Board
Investors · 1
Reported raises · per SEC filings
Form D private placements$750K disclosed across 2 rounds · 2015–2018
▶$750KraisedJan 2019 · 1 investors · BiotechnologyRule 506(b)
- Pierre LaurinDirector
- Yow-Pin LimExecutive Officer, Director
- Denice SperoExecutive Officer
- Richard A. AndrewsDirector
- Richard G. HoranDirector
- Douglas C. HixsonDirector
- Offering amount
- $2M
- Amount sold
- $750K
- First sale
- Jan 2018
- Incorporated
- Corporation, Rhode Island
- Federal exemptions
- 06b
▶$1raisedDec 2015 · 1 investors · BiotechnologyRule 506(b)
- Denice SperoExecutive Officer
- Richard G. HoranDirector
- Richard A. AndrewsDirector
- Yow-Pin LimExecutive Officer, Director
- Douglas C. HixsonDirector
- Offering amount
- $1
- Amount sold
- $1
- First sale
- Nov 2015
- Incorporated
- Corporation, Rhode Island
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026ProThera Biologics, Inc. is a Rhode Island-based biotherapeutics company developing Inter-alpha Inhibitor Proteins (IAIP), a class of naturally occurring human plasma proteins, as treatments for acute, severe inflammatory diseases. The company's premise is that IAIP control inflammation through multiple simultaneous mechanisms — binding complement and extracellular histones, protecting vascular endothelial cells, reducing pro-inflammatory cytokines, inhibiting proteases and dampening neutrophil activation — and also contribute to tissue repair, in contrast to conventional drug development aimed at inhibiting a single pathway. IAIP are produced primarily by the liver, circulate in blood at high concentration, and have also been detected in brain, lung, kidney, intestine and skin; healthy individuals carry high levels, while levels fall during severe inflammation as mortality rises. ProThera intends to administer IAIP as a protein replacement therapy in disease states where endogenous levels decline, following the rationale used for other blood-derived protein therapies.
Therapeutic targets named by the company include severe community-acquired pneumonia, ischemic stroke, neonatal sepsis, and the orphan indications neonatal hypoxic-ischemic brain injury and necrotizing enterocolitis (NEC), with an emphasis on neuroinflammation in the brain and inflammation of the lung. Alongside the therapeutic program, ProThera is developing IAIP as a prognostic biomarker, including a rapid, portable bedside blood test intended for use in the neonatal intensive care unit to assess which infants are at risk of progressing to neonatal sepsis or NEC and which may benefit from IAIP or other treatments such as antibiotics. The company frames the biomarker work as supporting clinical development of the therapeutic.
Founding story
Yow-Pin Lim, MD, PhD, co-founded ProThera Biologics in 2001 to develop Inter-alpha Inhibitor Proteins as both a prognostic biomarker and a novel therapeutic for acute, severe inflammatory diseases. Lim trained at the Free University in Berlin and came to the United States in 1990 for post-doctoral work in the Division of Medical Oncology at Rhode Island Hospital/Brown University under Douglas Hixson, where he generated monoclonal antibodies against plasma proteins and began research on a plasma serine protease inhibitor in inflammation and cancer.
Business model
ProThera develops IAIP-based biologics and an associated diagnostic biomarker test, and states it is positioning itself to partner both the therapeutic IAIP program and the biomarker technology with blood products and pharmaceutical companies.
Non-dilutive government research funding has supported development, including SBIR grants from the National Institutes of Health and a state matching grant; the company describes partnering its therapeutic and biomarker assets with blood products and pharmaceutical companies as its commercialization path.
Traction
ProThera reports data demonstrating that IAIP are a novel biomarker of disease severity and has completed a pilot feasibility study of its neonatal biomarker test (January 2019). It secured a $2.03 million NIH SBIR Fast Track grant in June 2019 and works with named neonatologists at Women & Infants Hospital and the University of Oklahoma College of Medicine, with the company's CEO as principal investigator.
Latest developments
In June 2019 the company announced a $2.03 million NIH SBIR Fast Track grant to develop a rapid bedside IAIP test for assessing prognosis in infants with or at risk of sepsis and necrotizing enterocolitis, following completion of a pilot feasibility study in January 2019.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company describes itself as pursuing a first-in-class approach to severe inflammation, an area where it states no existing medications effectively modulate the inflammatory process, and notes that isolation and sale of plasma proteins is a $19 billion industry.
Rather than inhibiting a single inflammatory pathway, ProThera's IAIP intersect multiple diverse inflammatory pathways and also play a role in tissue repair. The company also notes that IAIP serve as both a biomarker and a therapeutic, so diagnostic data supports therapeutic development, and that no humans are known to have a complete IAIP deficiency.
Technology
The core technology is Inter-alpha Inhibitor Proteins isolated from human plasma, together with proprietary manufacturing processes for IAIP and monoclonal antibodies against plasma proteins developed by the founder. IAIP act at multiple points in the inflammatory cascade rather than a single target. A second technology line is an IAIP blood-level assay being developed into a simple, user-friendly, portable bedside prognostic test for neonatal sepsis and necrotizing enterocolitis.
Go-to-market
Development is conducted with academic clinical collaborators at Brown University-affiliated hospitals, Women & Infants Hospital, Duke, NIH/NIEHS, Baystate and the University of Oklahoma College of Medicine, with grant-funded feasibility and clinical studies preceding intended partnering with blood products and pharmaceutical companies.
Critically ill patients treated in intensive care and neonatal intensive care settings — including those with severe community-acquired pneumonia, stroke, neonatal sepsis, neonatal hypoxic brain injury and necrotizing enterocolitis — reached via clinicians, and potential blood products and pharmaceutical partners.
Geography
Headquartered in Rhode Island, with an address listed at 551 Warren Ave, East Providence, Rhode Island; press releases are datelined Providence, R.I. Collaborators are based at US academic medical centers in Rhode Island, Massachusetts, North Carolina and Oklahoma.
History
Founded in 2001 as a co-founded venture out of research at Rhode Island Hospital/Brown University, the company built understanding of IAIP in human physiology and disease through collaborative studies covering systemic inflammation and shock triggered by agents such as anthrax, dengue hemorrhagic fever and influenza, and developed proprietary IAIP manufacturing processes. Work later concentrated on acute lung disease, hypoxic-ischemic brain injury, ischemic stroke and necrotizing enterocolitis. A pilot-phase feasibility study for its neonatal biomarker test was completed in January 2019, funded by $166,522 from the NIH plus a $45,000 matching grant from the Innovate Rhode Island Fund administered by the Rhode Island Science and Technology Advisory Council; in June 2019 the company announced a $2.03 million NIH SBIR Fast Track award bringing total NIH funding for the program to $2.03 million.
Risks & controversies
The company's programs remain in development, with the biomarker test described as still requiring testing in clinical studies, and the company states there are currently no sensitive and specific tests for early detection of neonatal sepsis and necrotizing enterocolitis and no effective treatments for the inflammatory processes it targets.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 4
by search overlapCompanies competing with Prothera Biologics for the same Google search keywords, organic and paid, via search-intersection analysis.
Non-dilutive funding · 16 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2023 | $2.8M |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2023 | $378.3K |
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2019 | $1.9M |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2018 | $166.5K |
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2017 | $1.9M |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2015 | $224.7K |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2014 | $203.2K |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2012 | $498.1K |
| National Institutes of Health (NIH)National Institutes of Health | Phase IISTTR | 2010 | $2.7M |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2007 | $170.5K |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2006 | $1M |
| National Institutes of Health (NIH)National Institutes of Health | Phase ISTTR | 2006 | $1M |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2005 | $139.9K |
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2004 | $1.5M |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2003 | $131.2K |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2002 | $143.1K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Timeline · 2
launches, deals, and filingsProThera Biologics announced a $2.03 million Small Business Innovation Research Fast Track grant from the National Institutes of Health to develop a rapid bedside test based on IAIP blood levels for assessing prognosis in infants with or at risk of neonatal sepsis and necrotizing enterocolitis. The award was the second round of SBIR funding following a Phase I pilot study, bringing total NIH funding for the program to $2.03 million.
$2M source ↗
ProThera completed a pilot-phase feasibility study of its IAIP-based neonatal test in January 2019, supported by $166,522 from the NIH and a $45,000 matching grant from the Innovate Rhode Island Fund administered by the Rhode Island Science and Technology Advisory Council.
$166.5K source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Prothera Biologicsprotherabiologics.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Prothera Biologics do?
- Rhode Island biotherapeutics company developing Inter-alpha Inhibitor Proteins as a therapy and biomarker for severe inflammation.
- Who founded Prothera Biologics?
- Prothera Biologics was founded by Yow-Pin Lim.
- Who are Prothera Biologics's investors?
- Prothera Biologics's investors include Slater Technology Fund.
- How much funding has Prothera Biologics raised?
- Prothera Biologics has disclosed $750K raised across 2 rounds.
- Where is Prothera Biologics headquartered?
- Prothera Biologics is headquartered in Providence, US.