Ping Yeh fought a tough battle with blood cancer and survived, but the effects linger five years later.
Yeh is cancer-free, but he still deals with side effects like neuropathy from his first dose of chemotherapy, which was a high-potency regimen that did lots of damage but had almost no positive effect because his body, it turned out, was resistant to the drugs.
"Luckily I survived the cancer, and the treatment, but the question remained: Why was this a trial-and-error situation? Why did I have to go and take this drug that could have killed me?" Yeh said. With his background in nanotechnology, Yeh said he knew that potentially damaging medical experiments — what he calls "guinea pig medicine" — didn't have to take place inside the patient.
He went on to co-found a company called Stemonix, which has capitalized on know-how in nanotech, chemistry, physics, statistics and advanced manufacturing to invent a proprietary way to create and test chemical reactions between drugs and human cells outside of the body.
"That is the future we see, and are trying to create. And we are laying the foundation by first addressing the market for designing drugs," Yeh said, noting that Stemonix is already working with pharmaceutical companies that want to use its technology for research on potential drug compounds.
Success has come quickly for Stemonix.
Launched in 2014, the company worked for a year perfecting its idea and forming its team, and then secured an investment and physical space from TreeHouse Health, a med-tech incubator in Minneapolis overlooking Loring Park. Stemonix is moving out of TreeHouse and into a 15,000-square-foot facility in Maple Grove that will have enough space for its 30 employees. The company also has research space in California.
Yeh says the privately held company has attracted more than $11 million in investments so far, including a recent $6 million series A funding round. Stemonix is working with Pairnomix, a precision-medicine firm with offices in Maple Grove that was spun out of Upsher-Smith last year, focusing on treatments for epilepsy. Stemonix is also in early stages of working with Minneapolis biotech firm Bio-Techne.