F-star

Cambridge, United Kingdom Biotechnology Acquired

F-star is a UK-based clinical-stage biopharmaceutical company pioneering bispecific antibodies for cancer immunotherapy. Founded in 2006 in Vienna and later headquartered at the Babraham Research Campus near Cambridge, UK, F-star developed its proprietary Modular Antibody Technology platform, which introduces additional antigen-binding sites into the constant region (Fcab) of an antibody to create tetravalent bispecifics. The company's pipeline focused on next-generation checkpoint inhibitors including FS118 (LAG-3/PD-L1) and FS222 (CD137/PD-L1). After a 2020 reverse merger with Spring Bank Pharmaceuticals took it public on NASDAQ under the ticker FSTX, F-star was acquired in March 2023 by invoX Pharma, a UK subsidiary of China's Sino Biopharmaceutical, for approximately $161 million and delisted.

Acquired

F-star has been acquired

Acquired by invoX Pharma (Sino Biopharmaceutical) March 9, 2023 ~$161M ($7.12/share cash)

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2006

Total Funding

$23.5M

1 rounds

Funding

Total raised $23.5M across 1 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series B

Date

April 13, 2011

Amount

$23.5M

Valuation

Lead Investors

Not disclosed

Leadership

  • Eliot Forster

    Former President & CEO

  • Darlene Deptula-Hicks

    Former CFO

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Xencor

    Public clinical-stage biotech using its XmAb engineering platform to develop bispecific antibodies for oncology and autoimmune disease.

  • Zymeworks

    Clinical-stage biotech with Azymetric and EFECT bispecific antibody platforms; lead asset zanidatamab targets HER2-expressing cancers.

  • MacroGenics

    Biopharma developing Fc-optimized antibodies and DART/TRIDENT bispecific platforms for oncology.

  • Merus

    Dutch biotech developing Biclonics full-length common-light-chain bispecific antibodies for cancer.

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