Insights

Acquisition Opportunity Elevation Oncology is reportedly being acquired by Concentra Biosciences and shut down, presenting a potential channel for business development teams to engage with a transitioning asset portfolio, licensing opportunities, or collaboration rights related to EO-3021, EO-1022, and associated ADC technologies.

Late-Stage Readiness The company has multiple ADC programs (EO-3021 targeting Claudin 18.2 and EO-1022 targeting HER3) with a clear intent to advance into the clinic, signaling a need for CROs, contract manufacturing, regulatory affairs, and partnership capabilities to accelerate clinical timelines.

Strategic Partnerships Recent licensing agreement with Synaffix BV and emphasis on partnerships to expand the oncology pipeline highlight opportunities for collaboration in ADC technology, payload development, and site-specific conjugation platforms.

Small Team, Big Scope With a lean employee base (2–10) and a broad, ambitious pipeline, Elevation Oncology would benefit from outsourced services across discovery support, preclinical work, manufacturing, and clinical development, creating strong demand for CROs and CDMOs.

Financial Imprimatur Strong funding runway ($198M) but revenue under $1M indicates a preference for external partnerships, co-development, and licensing deals rather than standalone product commercialization, suggesting structured BD approaches and milestone-driven agreements.

Similar companies to Elevation Oncology

Elevation Oncology Tech Stack

Elevation Oncology uses 8 technology products and services including Crazy Egg, Hotjar, Amazon Web Services, and more. Explore Elevation Oncology's tech stack below.

Media & News

Elevation Oncology's Email Address Formats

Elevation Oncology uses at least 3 email formats:
Elevation Oncology Email FormatsExamplePercentage
FLast@elevationoncology.comJDoe@elevationoncology.com
76%
First.Last@elevationoncology.comJohn.Doe@elevationoncology.com
16%
Last@elevationoncology.comDoe@elevationoncology.com
8%

Frequently Asked Questions

What is Elevation Oncology's official website and social media links?

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Elevation Oncology's official website is elevationoncology.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Elevation Oncology generate?

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As of August 2026, Elevation Oncology's annual revenue is estimated to be <$1M.

What is Elevation Oncology's SIC code and NAICS code?

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Elevation Oncology's SIC code is 8731 - Commercial Physical and Biological Research and NAICS code is 541714 - Research and Development in Biotechnology (except Nanobiotechnology).

How many employees does Elevation Oncology have currently?

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As of August 2026, Elevation Oncology has approximately 5 employees across 2 continents, including North America and Europe. Key team members include Founder: S. L. and Controller: L. W. Explore Elevation Oncology's employee directory with LeadIQ.

What industry does Elevation Oncology belong to?

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Elevation Oncology operates in the Biotechnology Research industry.

What technology does Elevation Oncology use?

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Elevation Oncology's tech stack includes Crazy Egg, Hotjar, Amazon Web Services, SAP, NetSuite, Google Cloud, DocuSign and Microsoft Teams.

What is Elevation Oncology's email format?

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Elevation Oncology's email format typically follows the pattern of FLast@elevationoncology.com. Find more Elevation Oncology email formats with LeadIQ.

How much funding has Elevation Oncology raised to date?

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As of August 2026, Elevation Oncology has raised $198M in funding. The last funding round occurred on Jun 08, 2023 for $50M.

When was Elevation Oncology founded?

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Elevation Oncology was founded in 2019.
Elevation Oncology logo

Elevation Oncology

Biotechnology ResearchMassachusetts, United States2-10 Employees

Elevation Oncology is a biotechnology research company focused on discovering and developing selective cancer therapies for solid tumors with unmet medical needs. Its approach centers on matching therapies to a patient’s tumor characteristics, aiming to deliver targeted treatments that minimize harm to healthy tissue. The firm’s lead program, EO-3021, is an antibody-drug conjugate designed to target Claudin 18.2 and deliver a cytotoxic payload specifically to cancer cells expressing this marker, with the goal of advancing into clinical studies in the United States across multiple solid tumor indications. In addition, Elevation Oncology is pursuing other opportunities to expand its pipeline through collaborations and business development efforts. The company is based in Boston, Massachusetts, and operates within the biotechnology research sector, seeking to address therapeutic gaps in oncology. Recent developments include partnerships and activity surrounding their EO-1022 program, which targets HER3-expressing solid tumors such as breast cancer and non-small cell lung cancer, reflecting ongoing work to diversify its investigational candidates. The organization maintains a small team and positions itself as an innovator willing to explore new or existing partnerships to broaden its oncology portfolio. } } }> (Note: The trailing punctuation indicates formatting; ensure final JSON has proper closing.) } } } } }*}** This content is not well-formed due to stray characters above; please provide the final corrected JSON. } } } } } } } }} } } } } } } } }*}><|vq_2400|> The previous note was an error. Here is the corrected JSON. } } } } {

Section iconCompany Overview

SIC Code
8731 - Commercial Physical and Biological Research
NAICS Code
541714 - Research and Development in Biotechnology (except Nanobiotechnology)
Founded
2019
Employees
2-10

Section iconFunding & Financials

  • $198M

    Elevation Oncology has raised a total of $198M of funding over 5 rounds. Their latest funding round was raised on Jun 08, 2023 in the amount of $50M as a Post IPO Equity.

  • <$1M

    Elevation Oncology's revenue is estimated to be in the range of <$1M

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