On November 21, 2025 (the “Assignment Date”), Mythic
Therapeutics Inc. (“Mythic”) executed the General Assignment for the Benefit of
Creditors in favor of Mythic ABC, a Delaware Series Limited Liability Company
(the “Assignee”). The Assignment is governed by Massachusetts law.
Pursuant to the Assignment, the Company transferred to the
Assignee for liquidation all of the Company’s ownership of, and all of its
rights and interests to and in, the Company’s tangible and intangible assets.
The Assignee will, as appropriate, liquidate such assets and rights.
Mythic Therapeutics was founded in 2017 and is headquartered
in Waltham, Massachusetts. The company’s mission is to develop next-generation
antibody-drug conjugates (ADCs) using its proprietary “FateControl™” platform,
which is designed to increase therapeutic payload uptake in cancer cells and
reduce off-target toxicity. Mythic seeks to unlock the broader potential of
ADCs by focusing on engineering the antibody component to control where and how
the drug is delivered inside the cell and apply this to ADCs across payload
classes.
MYTX-011
Clinically validated cMET-targeted DAR2-MMAE ADC with
>230 treated NSCLC patients showing strong safety and >30% ORR in
cMET-positive tumors across squamous, non-squamous, EGFR-mutant, and
wild-type disease.
Significant commercial potential with at least two ~$2B
opportunities: 2L cMET-positive squamous NSCLC and 2L cMET-low NSCLC.
PTK7
ADC development candidate shows significantly greater
efficacy than all clinical-stage PTK7 ADCs.
ADC antibodies tested across 4 xenograft models of
breast, ovarian, SCLC, and NSCLC while maintaining similar
pharmacokinetics and a clean tolerability pro cynomolgus monkeys.
Pipeline Families
Preliminary applications of FateControl
TM
to a
wide range of additional targets across multiple solid tumor and hematological
cancer indications
The Assignee is seeking a buyer for the Assignor’s assets
relating to proprietary research and development, patent applications for the clinical
trial and pre-clinical programs. The Assets will be sold on a “as-is,
where-is” basis. The Assignee is currently in discussions with several
interested parties and conducting due diligence.
The Assignee is conducting this sales process on an
expedited basis and the bid deadline for the assets is January 5, 2026, 5PM Central
Standard Time
.
Interested parties are encouraged to contact the Assignee’s
team for the confidentiality agreement prior to receiving access to the data
room and further diligence materials.
Parties contact Jack O’Brien (
jobrien@dsiconsulting.com
) at (872)
264-7138 or Matthew Sorenson (
msorenson@dsiconsulting.com
) at (213) 617-2717.
About DSI Assignments:
DSI Assignments specializes in providing experienced
assignees to help businesses navigate financial distress. Operating within
state laws, our team ensures transparent communication with creditors, manages
stakeholder expectations, and negotiates with lenders and investors toward the
maximal outcome. Led by Steven L. Victor and Matthew P. Sorenson, recognized
experts in restructuring, bankruptcy, and assignments for the benefit of
creditors (ABCs), DSI tailors each engagement to the unique needs of the
business. ABCs offer an efficient alternative to bankruptcy, and our
professionals are dedicated to maximizing value and creditor recoveries for
stakeholders, including secured lenders, private equity and venture capital
firms, principal of the distressed business, and boards of directors.