Precision RNA Medicines Built to Scale

Unlocking Extrahepatic
RNA Therapeutics

Elenae Therapeutics combines the native multi-organ biodistribution of LNA ASO mixmer chemistry with an AI-guided design engine to deliver potent, safe RNA medicines to tissues historically beyond the reach of oligonucleotide therapeutics.

>95%
Target Knockdown in Heart & Muscle
6
Validated Tissue Types
24
Weeks NHP Chronic Safety
3
Species Validated
Strategic Landscape

The RNA M&A Window Has Opened

Three major acquisitions totaling ~$15B in the last 18 months validate mixmer ASO chemistry, miRNA targeting, and muscle/cardiac delivery.

Cardior
$1.1B (Novo Nordisk)
  • Cardiac miRNA (miR-132)
  • LNA mixmer chemistry
Regulus
$1.7B (Novartis)
  • Kidney miRNA (miR-17)
  • 2'-MOE mixmer chemistry
Avidity
$12B (Novartis)
  • Muscle/cardiac AOCs
  • DMD + cardiac programs
  • PMO chemistry
  • LNA mixmers de-risked by Cardior (Novo Nordisk), Santaris (Roche), miRagen
  • Cardiac + muscle delivery commanded premium valuation (Avidity–Novartis)
  • 2026–2029 positioned as the next strategic acquisition window
The features defining these billion-dollar transactions—mixmer chemistry, reliable delivery to heart and muscle, true systemic reach—are the key strengths of Elenae’s scalable platform.
Problem

Proven Markets, But Delivery Remains the Challenge

Despite proven success, today’s RNA medicine delivery platforms remain limited, complex, and costly.

LNP-ASO/siRNA Platforms
(Ionis, Alnylam)

  • ✓ Liver-targeting proven
  • ✗ Formulation complexity
  • ✗ Limited tissue distribution
  • ✗ Immune-related toxicity concerns

AOC Conjugates
(Avidity/Novartis)

  • ✓ Muscle/cardiac access
  • ✗ Multi-component (antibody + linker + oligo) = high COGS
  • ✗ Complex biologics manufacturing
  • ✗ Weak ASO chemistry (PMO)
  • ✗ Receptor-dependent delivery

Elenae’s LNA mixmers deliver naked, in saline, to multiple organs—no formulation, no conjugate, no receptor dependency.

Platform

A Steric-Block Chemistry That
Reaches Beyond the Liver

LNA ASO mixmers use a steric-blocking mechanism with no RISC loading and no RNase H cleavage. The ASO binds its target RNA through high-affinity LNA base-pairing and physically blocks biological processes without cutting the RNA.

Steric-Block Mechanism

No cleavage-associated toxicity. Enables exon skipping, splice modulation, miRNA inhibition, and translational regulation from a single chemistry.

Native Distribution

Heart, muscle, lung, retina, kidney, liver, and adipose reached after SC dosing in saline. No LNP, no GalNAc, no antibody conjugate required.

Chronic Safety

24-week NHP chronic dosing at 5 mg/kg/week SC. No hepatotoxicity, nephrotoxicity, immune activation, or injection site reactions across three species.

AI-Guided Design

Dual engines for miRNA targeting and exon skipping. 15 years of proprietary parameter libraries. Target-to-candidate in weeks. Iterative optimization from experimental data.

Preclinical Data

In Vivo Efficacy, Safety, and Distribution

Validated across mouse, pig, and nonhuman primate models using subcutaneous administration in saline.

Cardiac Rescue After Myocardial Infarction

Study Design: Anti-miR-128 LNA ASO (10 mg/kg weekly SC or single dose 2 hr post-reperfusion) in mouse ischemia-reperfusion MI model. Treatment initiated AFTER injury — not prevention.
LV ejection fraction time-course
LV ejection fraction improved with both single-dose and weekly anti-miR-128 treatment vs scramble control over 28 days post-MI. All P<0.05-0.001. n=8-10/group.
Infarct size and fibrosis
Reduced infarct size and fibrotic scarring at 28 days post-MI (Masson trichrome staining). Weekly treatment P=0.014 vs scramble.
RNA-seq pathway analysis
Study design, RNA-seq at 14 days post-MI: restoration of oxidative phosphorylation; suppression of TNFα/NF-κB, interferon, and IL-6/JAK-STAT3 inflammatory pathways.
A single SC dose administered 2 hours after reperfusion was sufficient to rescue cardiac function. This is a post-injury therapeutic.

Cardiac Function Rescued in DMD Large Animal Model

Study Design: DMD Y/- pigs, anti-miR-128 LNA ASO 5 mg/kg/week SC for 8 weeks (treatment from 6 to 14 weeks of age). N=4 treated, N=5 scramble control, N=5 wild-type.
DMD pig cardiac data
Anti-miR-128 decreased miR-128 in pig hearts (P=0.001), restored ejection fraction (P<0.001 at 2 months vs DMD control), and reduced cardiac damage marker troponin I.
8 weeks of SC treatment rescued chronic heart failure in a clinically relevant large-animal DMD model — the same chemistry and dosing route used across all Elenae programs.

24-Week Chronic Dosing Safety in Nonhuman Primates

Study Design: Cynomolgus monkeys, anti-miR-128 LNA ASO 5 mg/kg/week SC. N=4 in 24-week chronic tox study + N=7 in 20-week safety follow-up.
NHP 24-week safety panels
24-week NHP chronic dosing: on-target efficacy (>95% miR-128 knockdown in skeletal muscle, heart, liver), no hepatotoxicity (normal AST/ALT), no nephrotoxicity (normal BUN/creatinine), no treatment-related histological changes in liver or kidney. 5 mg/kg/week SC.
StudySpeciesDurationDoseResult
Chronic toxicity (N=4)Cynomolgus NHP24 weeks5 mg/kg/wk SCNo hepatotox, nephrotox, immune activation; stable body weight
Safety follow-up (N=7)Cynomolgus NHP20 weeks5 mg/kg/wk SCConfirmed clean safety
DMD efficacy (N=4)Pig8 weeks5 mg/kg/wk SCCardiac function rescued; no adverse effects
Human precedentPhase I-IIVariousCardior, Santaris, miRagen: clean safety in humans
No injection site reactions observed in ANY study across mouse, pig, or NHP — including 24 weeks of once-weekly SC dosing at 5 mg/kg.

Multi-Organ Tissue Distribution

Study Design: Mouse, single SC dose of naked anti-miR-128 LNA ASO in saline. Target engagement by qPCR in multiple organs.
Mouse tissue distribution
Near-complete miR-128 knockdown in liver, heart, lung, kidney, and muscle after single SC dose in saline. Includes LNA mixmer mechanism diagram (steric blocking of target RNA). Distribution intrinsic to chemistry, not engineered per-tissue.
Distribution is intrinsic to LNA mixmer chemistry — SC dosing in saline reaches heart, muscle, lung, kidney, liver, and retina without LNPs, GalNAc, or antibody conjugates.

Exon-Skipping LNA ASO Mixmer: Tolerability & PK

Data from oncogene exon-skipping program — different ASO, same LNA mixmer chemistry platform.

Tolerability: Weight gain, ALT, AST, creatinine, BUN — all non-significant vs saline control.

Pharmacokinetics: Measurable serum concentration time-course with confirmed solid tissue drug levels across target organs.

Tissue Distribution

Validated Multi-Organ Engagement

After a single subcutaneous dose of naked ASO in saline, LNA mixmers distribute broadly across major organs. Intrinsic to the chemistry, not engineered per-tissue. Compatible with conjugation strategies when tissue-restricted delivery is desired.

Heart
>95%
Mouse, Pig, NHP
Skeletal Muscle
>95%
Mouse, Pig, NHP
Lung
>95%
Mouse, NHP
Retina
Confirmed
Mouse, NHP
Kidney
>95%
Mouse, NHP
Liver
>95%
Mouse, NHP

Target engagement measured by miR-128-3p knockdown. Distribution intrinsic to LNA mixmer chemistry.

Mouse tissue distribution
Near-complete miR-128 knockdown in liver, heart, lung, kidney, and muscle after single SC dose in saline. Includes LNA mixmer mechanism diagram (steric blocking of target RNA).
Pipeline & Partnerships

Lead and Development Programs

Elenae advances transformative clinical assets internally while deploying the platform through accelerated target-nomination design sprints for pharma partners.

Target
Indication
Discovery
Preclinical Rodents
Preclinical NHP/Pig
IND-Enabling
Human Phase 1
ELN-128
(miR-128)
Post-MI Heart Failure
NHP/Pig
ELN-128
(miR-128)
Duchenne Muscular Dystrophy
Pig
ELN-128
(miR-128)
Sarcopenic Obesity
Rodents
ELN-33
(miR-33)
Dry AMD
NHP
Exon
Skipping
Splice Modulation & Undruggable Targets
Rodents
Platform
Licensing
Pharma Partnership Engine
Early Discussions
ELN-128 (Post-MI HF): Single SC dose 2 hours post-reperfusion improved LV ejection fraction, reduced ventricular volumes, and decreased infarct size over 28 days in mice. RNA-seq confirmed restoration of oxidative phosphorylation and suppression of inflammatory pathways.
ELN-128 (DMD): 8-week treatment rescued chronic heart failure in a pig DMD model with improved cardiac output and reduced cardiac damage markers.
ELN-33: Systemic SC dosing reaches retina in NHP. Eliminates need for intravitreal injection.
Exon Skipping: Next-generation steric-block discovery capabilities with functional activity profiles not typically achievable through conventional splice-focused approaches.
Clinical Precedent

Human Safety Validation

Three independent clinical programs using LNA mixmer ASOs have demonstrated clean human safety profiles, establishing the regulatory foundation for Elenae's platform.

$1.1B
Cardior / Novo Nordisk

CDR132L

Anti-miR-132 for chronic heart failure. Phase II. LNA mixmer cardiac program with clean safety. Acquired by Novo Nordisk for $1.1B in 2024.

Phase II
Santaris / Roche

Miravirsen

Anti-miR-122 for HCV. First anti-miR drug in clinical development. Clean safety through multiple dosing cohorts. Phase II completed.

Phase II
miRagen

Cobomarsen

Anti-miR-155 for CTCL. LNA mixmer with clean safety in oncology. Demonstrated tolerability of the chemistry class in human subjects.

Leadership

Team

Drug Development & Clinical Team

Anders M. Naar
Anders M. Näär, PhD
Founder & CEO

Professor of Metabolic Biology, UC Berkeley (formerly Harvard/MGH). 25+ years in transcriptional regulation, miRNA biology, and metabolic disease. Pioneer in LNA ASO mixmer therapeutics. Inventor on multiple patents.

Lei Xu
Lei Xu, PhD
Chief Operating Officer

Extensive experience with preclinical studies focusing on metabolic homeostasis and therapeutic approaches targeting metabolic dysfunction.

Eva Chin
Eva Chin, PhD
CSO, Fractional/Consultant

Executive Director, Solve FSHD. Extensive neuromuscular drug development experience from preclinical through human Phase 1/2 trials at Pfizer, Cytokinetics, and NMD Pharma.

Jeremy Heidel
Jeremy Heidel, PhD
CMC/Drug Development Consultant

Extensive oligo CMC and drug development experience, serving as consultant for numerous drug and biotech companies.

Jeffrey M. Brown
Jeffrey M. Brown, PhD
LNA ASO Drug Development Consultant

Extensive LNA ASO drug development experience from BMS, Wave Life Sciences, and Deep Genomics.

Liviu Klein
Liviu Klein, MD
CMO Consultant

Cardiology Clinical Research Director and Advanced Heart Failure Comprehensive Care Center Chief at UCSF.

Scientific, Strategic & Regulatory Advisors

Stig Hansen
Stig Hansen, PhD
Strategic Advisor

CEO and Founder, Kimia Therapeutics. Co-founder of multiple biotech companies, including Carmot Therapeutics (acquired by Roche for $2.7B).

Larry Lasky
Larry Lasky, PhD
Strategic Advisor

Former Partner at The Column Group. Extensive experience in biotech and venture capital, board member at multiple biotech startups.

Steven Dowdy
Steven Dowdy, PhD
RNA Medicine Advisor

Professor at UCSD School of Medicine, Dept. of Cellular & Molecular Medicine. Specializes in RNAi therapeutics. Biotech founder, serves on SABs for biotechs and pharma.

Julia Schaletzky
Julia Schaletzky, PhD
Drug Development Advisor

Executive Director, UC Berkeley Molecular Therapeutics Initiative and founding Director of the UC Berkeley Drug Discovery Center. 10+ years industry experience, 5+ molecules in the clinic.

Kevin Whittlesey
Kevin Whittlesey, PhD
FDA Regulatory Consultant

RegenMed Advisors, LLC. Regulatory strategy and FDA guidance for advanced therapeutics.

Scott Woodward
Scott Woodward, MS, MA
Business Development Consultant

Woodward Consulting, LLC. 20 years early-stage life science consulting. 10 years Partner, Ventac Partners A/S. Variety of life science CxO roles.

Manufacturing Partner

GMP manufacturing with Nitto Avecia. FDA-approved US facilities. Integrated supply chain from LNA monomers to final drug product. Standard oligo synthesis, no formulation. Scalable from Phase 1 (10-100g) through commercial (1-10kg).

Location

Bakar Bio Labs, Berkeley, CA. Part of UC Berkeley's premier biotech incubator for translational science companies.

Contact

Partnership Inquiries

We are actively engaging with pharmaceutical companies interested in deploying steric-block LNA mixmer chemistry against extrahepatic RNA targets through our target-nomination design sprint.

anders@elenaetx.com
Anders M. Näär, PhD
Founder & CEO
Elenae Therapeutics
Bakar BioEnginuity Hub
2630 Bancroft Way
Berkeley, CA 94704
Bakar BioEnginuity Hub, UC Berkeley
Bakar BioEnginuity Hub, UC Berkeley
LinkedIn QR Code

What We Offer Partners

  • Target feasibility assessment and druggability scoring
  • AI-guided LNA mixmer library design and optimization
  • In vitro validation with dose-response characterization
  • In vivo PK/PD and tissue distribution in rodent models
  • Optimized lead candidates with preliminary CMC assessment
  • Accelerated target-to-lead timelines