The Work Index by Flexa

Lycia Therapeutics

Lycia Therapeutics is a biotechnology company developing a novel protein degradation platform targeting the extracellular proteome to treat a range of diseases.

6.6

/10

Transparency ranking

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Description

Lycia Therapeutics is a biotechnology company specializing in extracellular protein degradation. Their proprietary platform, LYTAC (Lysosomal Targeting Chimera), targets and degrades proteins found outside of cells, an area traditionally difficult to address with traditional drug development methods. This technology has the potential to treat a wide range of diseases including cancers, autoimmune conditions, and inflammatory diseases.

Lycia was founded in 2019 by Versant Ventures in collaboration with Nobel Laureate Carolyn Bertozzi. They have secured significant funding through multiple rounds of financing, including Series A, Series B, and Series C. Lycia has also entered into a strategic collaboration with Eli Lilly and Company to develop LYTAC-based therapeutics for immunology and pain. This strategic partnership and strong financial backing demonstrate the company's commitment to advancing their groundbreaking technology and bringing novel treatments to patients in need.

Flexibility

Lycia Therapeutics doesn't explicitly state their job flexibility policies on their website. It mentions their benefits package, including fitness center access, competitive compensation, and a collaborative culture, suggesting a focus on employee well-being. However, there is no mention of remote work, flexible hours, or other work-life balance initiatives.

Benefits

Lycia Therapeutics offers a comprehensive benefits package to its employees, including comprehensive health plans, company lunches and office snacks, fitness center access, competitive compensation, and a collaborative and fun work environment.

Mission

Lycia Therapeutics is a biotechnology company committed to pioneering new technologies that improve targeting of the extracellular proteome, which refers to proteins found outside of cells. The company's mission is to develop transformative medicines that eliminate the drivers of human disease by harnessing the power of protein degradation. Their innovative LYTAC platform enables targeted degradation of extracellular proteins, offering a novel approach to address difficult-to-drug targets and ultimately improve the lives of patients suffering from a variety of diseases.

Disruptor
Healthcare
Improving quality of life/health
Science and research driven

Culture

Lycia Therapeutics promotes a collaborative and inclusive culture that values innovation and creativity. They encourage their employees to ask questions, propose new ideas, and work together as a team. They are committed to building a welcoming and supportive environment where everyone feels valued and respected, and they emphasize the importance of being "no jerks".

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fast-paced
Fun
People-first
Progressive
Supportive

DE&I

Lycia Therapeutics is committed to building a diverse and inclusive team where everyone feels welcome, respected, and valued. They believe that a diverse workforce leads to better science, innovation, and patient outcomes. Lycia fosters a culture of collaboration, where all contributors are celebrated, and everyone's opinions are valued and respected. They strive to create an environment where individuals can thrive and contribute their unique perspectives and talents, ultimately driving the company's mission to pioneer breakthrough science and make a difference for patients.

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