Kura launches new company, diabetes focused Caspian Therapeutics

9 September 2026

US biotech Kura Oncology (Nasdaq: KURA) today announced the launch of Caspian Therapeutics, a separately financed company established to advance small-molecule menin inhibitors for diabetes and cardiometabolic diseases.

Caspian has completed a $50 million financing led by BVF Partners with participation from T1D Fund, Invus, Montanova, Eli Lilly (NYSE: LLY), Kura Oncology, members of Kura’s leadership team and several successful biotech entrepreneurs. Kura will retain around 50% ownership of Caspian.

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