Last Updated on
September 30, 2025
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ExcedrStar Therapeutics, reportedly a clinical-stage biotechnology company based in South San Francisco, is developing treatments for rare blood and immune disorders through its hub-and-spoke business model and antibody therapies. According to company information, Star has raised over $300 million in funding and is advancing its lead program, VGA039, through clinical development.
Star operates through a "hub-and-spoke" model that creates focused portfolio companies targeting specific rare diseases. This approach maintains centralized expertise while launching specialized subsidiaries for particular therapeutic areas. The company has reportedly launched Vega Therapeutics, which focuses on von Willebrand disease treatment development.
According to CEO Adam Rosenthal, the strategy involves thinking of "thousands of rare diseases as stars" that can be grouped like constellations to develop treatments for multiple related conditions.
VGA039 is described as a fully human monoclonal antibody designed to treat bleeding disorders. The therapy targets Protein S, which plays a role in blood clotting regulation. Rather than replacing missing clotting factors, VGA039 works by modifying the body's natural clotting processes to reduce bleeding episodes.
Star reports that VGA039 has received FDA Fast Track and Orphan Drug designations for von Willebrand disease. The company claims to have initiated a Phase 3 clinical trial in September 2025, evaluating once-monthly subcutaneous dosing.
Preliminary data from the VIVID 2 Phase 1 study reportedly showed 75-88% reductions in annualized bleeding rates among von Willebrand disease patients, with effects lasting multiple weeks after a single injection.
Von Willebrand disease is the most common inherited bleeding disorder, affecting approximately 1% of the population. However, only a fraction of those affected—estimated at 50,000+ patients in the United States—receive formal diagnosis and treatment. The condition results from defective or insufficient von Willebrand factor, causing prolonged bleeding.
Current treatments often require frequent intravenous infusions multiple times weekly. VGA039's proposed monthly dosing could significantly reduce treatment burden if proven effective.
Star reportedly completed a $125 million Series D financing round in September 2025, co-led by Sanofi Ventures and Viking Global Investors. Other participants included Janus Henderson Investors, Frazier Life Sciences, and GordonMD Global Investments.
The company positions VGA039 as a potential treatment for multiple bleeding disorders beyond von Willebrand disease. As clinical trials progress, Star aims to demonstrate whether its approach can provide effective, convenient treatment options for patients with rare bleeding conditions.
*Note: Company claims and clinical data presented here require independent verification through regulatory filings and peer-reviewed publications.*