Company intelligence / Profile preview

Caraway Therapeutics

Cambridge, Massachusetts, United Statescarawaytx.com ↗

Ownership: Private
Development stage: Commercial

Overview

Caraway developed a pipeline of novel small-molecule therapeutics targeting genetically defined neurodegenerative and rare diseases by modulating cellular recycling processes such as autophagy and lysosomal function. Its lead assets targeted the TRPML1 ion channel for Parkinson’s disease and other indications. The company was acquired by Merck in November 2023 for up to $610 million, with all programs at preclinical or early clinical stages at the time of acquisition.

Therapeutic areas: OncologyRare DiseasesNeurology
Modalities: Small molecule
Industry: Biotech

Partnerships

None disclosed beyond investors; post-acquisition R&D collaboration is internal within Merck.

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