# Novellus

**Source:** https://www.startuphub.ai/startups/novellus-ltd
**Profile type:** Startup

> Precision oncology company focused on developing BRAF inhibitor PLX-8394.

## About

Novellus Ltd. is an Israeli clinical-stage biotechnology company focused on precision oncology. Their lead program, PLX-8394, is a BRAF inhibitor with a differentiated mechanistic profile, licensed from Plexxikon. The company utilizes a functional genomics platform called FACT to identify patient subpopulations likely to respond to specific drugs. Funds raised will support the clinical development of PLX-8394 for indications like BRAF fusions and certain BRAF-mutated gliomas, and expand their pipeline.

## Key facts

- **Slug:** novellus-ltd
- **Location:** Jerusalem, Israel
- **Operating status:** Active
- **Total funding:** $57M
- **Sectors / tags:** Healthcare, Biotechnology, Oncology

## Frequently asked

### What does Novellus do?

Novellus Ltd. is an Israeli clinical-stage biotechnology company focused on precision oncology. Their lead program, PLX-8394, is a BRAF inhibitor with a differentiated mechanistic profile, licensed from Plexxikon. The company utilizes a functional genomics platform called FACT to identify patient subpopulations likely to respond to specific drugs. Funds raised will support the clinical development of PLX-8394 for indications like BRAF fusions and certain BRAF-mutated gliomas, and expand their pi…

### What is Novellus's revenue?

StartupHub estimates Novellus's annual revenue at $17.4M (range $4.0M to $27.7M, 32% confidence), based on comparable companies in the sector.

### What is Novellus's valuation?

StartupHub estimates Novellus's effective valuation at $218.9M (range $142.5M to $342.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has Novellus raised?

Novellus has raised a total of $57M in funding. The most recent round on record is Series C.

### Where is Novellus headquartered?

Novellus is headquartered in Jerusalem, Israel.

### What industry does Novellus operate in?

Novellus operates in Healthcare, Biotechnology, Oncology.

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