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Proxima Appoints Dr. Raymond Deshaies, Dr. Lyn Jones, and Dr. Juri Rappsilber to Scientific Advisory Board

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Proxima Appoints Dr. Raymond Deshaies, Dr. Lyn Jones, and Dr. Juri Rappsilber to Scientific Advisory Board
News

News

Proxima Appoints Dr. Raymond Deshaies, Dr. Lyn Jones, and Dr. Juri Rappsilber to Scientific Advisory Board

2026-03-05 21:00 Last Updated At:21:11

NEW YORK--(BUSINESS WIRE)--Mar 5, 2026--

Proxima (formerly VantAI), a frontier AI and data generation company discovering the next generation of proximity therapeutics, today announced three appointments to its Scientific Advisory Board: Dr. Raymond Deshaies, co-inventor of the PROTAC concept and widely recognized as one of the founding members of the field of targeted protein degradation; Dr. Lyn Jones, a leader in molecular glue development and chemical biology; and Dr. Juri Rappsilber, who established and continues to pioneer cross-linking mass spectrometry as a foundational tool for structural and systems biology.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260304800959/en/

Proxima's platform is built to develop proximity-based medicines, molecules that unlock new possibilities against disease through co-opting the cell's own biological machinery. “Some of the most powerful drugs ever discovered, such as lenalidomide and thalidomide, turned out to work by hijacking the cell's own protein disposal machinery. Viruses do the same thing: they commandeer ubiquitin ligases to trick the cell into trashing its own antiviral defenses. The principle of induced proximity is using small molecules to leverage tools from nature's playbook, and we've barely scratched the surface of what's therapeutically possible with it,” said Dr. Raymond Deshaies, member of the National Academy of Sciences and former SVP of Global Research at Amgen. “What we’ve lacked is the structural and systems biology data to systematically exploit this principle, and Proxima generates exactly that data at proteome scale.”

Even where the biology is well characterized, expanding the druggable proteome demands new chemistry that can precisely engage protein interfaces more broadly. “The human genome encodes more than 600 E3 ubiquitin ligases, and thousands of other proteins with potential in proximity applications, but we’ve built almost everything so far on just two of them,” said Dr. Lyn Jones, Principal Investigator at Dana-Farber Cancer Institute and former Chief Scientist of its Center for Protein Degradation. “If we want to expand the druggable proteome, we need to understand the protein interfaces of new effector proteins in detail. To get there, you need structural data on these interfaces at a scale that hasn't yet existed.”

Pursuing proximity therapeutics rationally, as Deshaies and Jones describe, requires structural data at full cellular interactome scale - a scale that demands rethinking experimental methods themselves. Cross-linking mass spectrometry (XL-MS) has long held promise as a technique that can map native protein interactions, but leveraging it to create data at the scale required by frontier ML methods has not yet been possible. “The limiting factor in cross-linking mass spectrometry has historically been throughput: generating enough distance restraints, across enough of the interactome, to move from validating individual structures to building comprehensive structural models,” said Dr. Juri Rappsilber. “Proxima’s platform represents an important step in this direction. By industrializing cross-linking mass spectrometry as a critical data modality and pairing it directly with computational structure prediction, Proxima is demonstrating what becomes possible when this data is generated at a depth and scale the field has long envisioned but that has remained elusive until now.”

Together, these pioneering data modalities form a self-reinforcing flywheel with Proxima’s leading frontier ML methods: structural data focused on interfaces deepens understanding of biology and pathways behind disease, helping to direct where small molecule adaptors that modify interactions stand to impact disease in powerful ways. Proxima is already putting this cycle to work alongside leading big pharma partners and advancing new proximity modalities like transcription factor relocalization, epigenetic modifiers, and RIPTACs through programs with innovative partners like Halda Therapeutics (acquired by Johnson & Johnson).

About the New Advisors

Dr. Raymond Deshaies is a member of the National Academy of Sciences and former Distinguished Fellow and Senior Vice President of Global Research at Amgen. Prior to Amgen, he was a Howard Hughes Medical Institute Investigator (HHMI) at the California Institute of Technology. He co-conceived the PROTAC (proteolysis-targeting chimera) concept with Craig Crews and is widely recognized as one of the founding members and most important voices across the field of targeted protein degradation and proximity therapeutics more broadly.

Dr. Lyn Jones is a Principal Investigator and Faculty Member at Dana-Farber Cancer Institute, former Head of Chemical Biology at Pfizer, and Chief Scientist at Dana-Farber’s Center for Protein Degradation. His laboratory focuses on next-generation covalent approaches to modulate protein function, with the objective of expanding the druggable proteome.

Dr. Juri Rappsilber is Full Professor and Chair of Bioanalytics at Technische Universität Berlin and former Professor of Proteomics at the University of Edinburgh. He has pioneered both the computational and experimental methods that established cross-linking mass spectrometry (XL-MS) as a tool for mapping protein structures and interactions at systems scale, including in native cellular environments.

About Proxima

Proxima is pioneering a transformative approach to therapeutics by illuminating the dynamic networks of protein interactions that drive biological function. Leveraging a groundbreaking structural proteomics platform and frontier AI models, Proxima generates unprecedented interactomics data, revealing how proteins and small molecules interact and shape cellular behavior at proteome-wide scale. Alongside a robust and mechanistically differentiated internal pipeline, Proxima collaborates extensively with external partners to accelerate the delivery of innovative proximity therapeutics, applying its technology to make previously undruggable targets accessible and provide powerful new ways to target diseases by rewiring cellular circuitry. For more information, please visit www.proximabio.com.

From left to right: Dr. Raymond Deshaies, Dr. Lyn Jones, and Dr. Juri Rappsilber, newly appointed members of Proxima's Scientific Advisory Board.

From left to right: Dr. Raymond Deshaies, Dr. Lyn Jones, and Dr. Juri Rappsilber, newly appointed members of Proxima's Scientific Advisory Board.

LONG BEACH, Calif.--(BUSINESS WIRE)--Mar 5, 2026--

Vast, the company developing next-generation space stations, announced today that it has raised $500 million in new funding to advance its mission of enabling humanity to live and work in space long-term. Vast’s strategic roadmap includes low-Earth orbit space stations, future habitats for the Moon and Mars, and crewed systems that will expand the commercial space economy while strengthening partnerships and capabilities in support of national defense objectives.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260305909254/en/

“This investment underscores the market’s strong conviction in both our strategy and our engineering,” said Max Haot, CEO of Vast. “The low-Earth orbit economy is at a pivotal inflection point, poised for rapid growth. Vast’s Haven stations are engineered to deliver safe, cost-effective access to microgravity research and in-space manufacturing, empowering government and commercial partners to unlock the full commercial promise of this next era for space.”

The financing round was led by Balerion Space Ventures with participation from IQT, Qatar Investment Authority (QIA), Mitsui & Co., Ltd, MUFG, Nikon Corporation (Nikon), StellarVentures, Space Capital, and Earthrise Ventures. Jed McCaleb, founder and first investor, also participated in the round. As part of the transaction, Balerion Advisor A.C. Charania, former Chief Technologist for NASA, will join the Vast board.

“With its impressive hardware and expertise, Vast is the only operational commercial space station company to have designed, built, and flown its own spacecraft, Haven Demo, which successfully completed its mission last month. The mission reduced technical risk by testing a myriad of technologies that will be used on Haven-1,” shared Charania of Balerion. “Haven stations will play a critical role in sustaining a continuous human presence in orbit and the LEO economy while providing nations around the world the opportunity to strengthen leadership in space. Vast’s engineering excellence and global vision set them apart.”

As Vast advances its goal is to support continuous crew operations by 2030, the company is working towards its next major milestones. These include the launch of Haven-1 in 2027, conducting the private astronaut mission Vast recently won with NASA, and securing the Commercial Low Earth Orbit Destinations Phase 2 bid to build its proposed successor to the International Space Station. Funded privately to date, Vast has rapidly established itself as a leader in space hardware design, manufacturing, testing, and operations since its founding in 2021. Recent engineering achievements include flying, operating, and deorbiting Haven Demo —an in-orbit testbed to prove out space station technologies—and the current integration of Haven-1, scheduled to be the world’s first commercial space station.

“Vast was founded with a long-term vision of billions of people living and thriving in space. Achieving a goal of this magnitude requires deliberate stepping stones, and our strategy of building, testing, and iterating with real hardware is delivering results,” added Jed McCaleb, Vast founder and entrepreneur. “It is exciting to welcome additional investors who recognize Vast’s long-term potential and share our belief in making this vision a reality.”

Vast’s vertically integrated model, which has already delivered a 10X reduction in primary structure manufacturing costs compared to traditional space station programs, increases capability and shortens manufacturing timelines.

To date, more than $1 billion has been invested in Vast’s space stations technologies and facilities—resources that NASA and government partners can leverage to ensure readiness to replace the ISS in 2030. The latest financing includes $300 million in Series A equity and $200 million in debt to support the continued development of Vast’s Haven space stations. The funds will be used to expand facilities, grow the team, and advance the company’s proposed successor to the ISS, Haven-2, designed to ensure continuous human presence in low-Earth orbit for the United States and its allies.

About Vast

Vast is developing next-generation space stations to ensure a continuous human presence in space for America and its allies, enabling advanced microgravity research and manufacturing, and unlocking a new space economy for government, corporate, and private customers. Using an incremental, hardware-rich and low-cost approach, Vast is rapidly developing its multi-module Haven Station. Haven Demo’s 2025 success made Vast the only operational commercial space station company to fly and operate its own spacecraft. Next, Haven-1 is expected to become the world’s first commercial space station when it launches in 2027, followed by additional Haven modules to enable permanent human presence by 2030.

Headquartered in Long Beach, California, and with more than 1,000 employees and over a billion dollars in private capital, Vast has built the facilities required to manufacture and operate America’s next space station. The company plans to develop future habitats for the Moon and Mars, dedicated space stations for government partners, and other crewed systems that will unlock the expanding long-term space economy.

Vast secures $500M in funding to build next-generation space stations.

Vast secures $500M in funding to build next-generation space stations.

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