RIANA was co-founded in 2023 by Anna (CEO) and Christine (CBO) as a biotech spin-off of Vetmeduni in Vienna. RIANA develops first-in-class small molecule drugs that block oncogenic transcription factors, led by STAT5 oligomerization inhibitors for FLT3+ acute myeloid leukemia (AML). We run an active AI-powered virtual screening pipeline to identify hits and leads. Over 3 years we will reach a validated lead candidate with in vivo proof-of-concept and start IND-enabling work. Within 5 years we aim to enter clinical trials and expand our pipeline to further STAT5-driven cancers.
Seed Round Open
Seed round:
€2.5m total
50% equity
50% grants
>€100K tickets
Q4/26 closing
RIANA Therapeutics is currently raising a €2.5M seed round to advance our STAT5 inhibitor program to lead nomination. Having successfully secured Austrian non-dilutive public funding four times, we offer investors an unusually capital-efficient entry point: with co-financing rates of up to 60% at this stage, every euro invested carries the programmatic impact of two to three — without additional dilution. If you are an investor with an interest in early-stage oncology and first-in-class potential, we would welcome a conversation.
We are particularly interested in connecting with early-stage investors who bring not only capital but sector expertise — whether in oncology, drug discovery, or Austrian and European biotech ecosystems.
Ticket sizes starting at €100K are welcome at this stage. The round will be closed by November 2026.
Contact
Anna Orlova, CEO 📧 office@rianatx.com
Our Program
60% of FLT3+ AML patients relapse despite available therapies
Acute Myeloid Leukemia (AML) remains one of the most lethal blood cancers, with a five-year survival rate below 30%. For patients carrying FLT3 mutations — representing a significant subset of all AML cases — more than 60% develop resistance to currently approved therapies and then die within less than six months. Despite recent advances in targeted treatment, no therapy directly addresses the convergent resistance mechanism: the oncogenic activity of STAT5. RIANA Therapeutics was founded to close this gap.
STAT5 drives resistance when leukemic cells escape standard of care treatments
We are developing selective small-molecule inhibitors that disrupt STAT5 oligomerization — the protein-protein interaction that drives AML resistance downstream of FLT3 and other oncogenic signals. Unlike kinase inhibitors that operate upstream, our mechanism targets the point at which resistance pathways converge, making it inherently harder for cancer cells to escape.

Roadmap:
2027 Lead ID
2028 Drug ID
2029 IND ready
2030 phase I/IIa
Having successfully completed hit identification in 2023–2024, we are currently advancing through the Hit-to-Lead stage. Our roadmap targets lead candidate nomination by 2027, drug candidate selection by 2028, IND-enabling studies through 2028–2029, and a Phase I/IIa clinical proof-of-concept study from 2029 onward.
Market opportunity
FLT3+ AML is an orphan disease and affects approximately 30,000 new patients per year. Considering every fourth patient can be treated, and at an estimated treatment cost of €100,000 per patient per year, the serviceable obtainable market (SOM) is €750 million annually — and grows substantially when considering the broader STAT5-driven oncology landscape beyond AML.
Seed round open
Austrian Start-up Award PHÖNIX 2026 Finalist
RIANA Therapeutics has been nominated as a finalist in the Spin-off category of the Austrian Gründungspreis PHÖNIX 2026!
Initiatives like PHÖNIX help make visible how research can translate into real-world impact, something essential for the development of the biotech ecosystem in Austria.
The winners will be announced in Vienna on 12 March.
Copyright photo: Gründungspreis Phönix © Arina Tkacheva
Happy 3rd Birthday, RIANA!
Time is rushing – especially in a buzzing and vibrant field like biotech.
Three years ago, RIANA Therapeutics started with a bold scientific vision and the belief that small, focused teams can tackle big challenges. Today, we are proud of how far we’ve come — from early scientific validation to advancing our STAT5 program with growing clarity and conviction.
At the same time, we are deeply aware of how much further we have to go. Drug development is a marathon, not a sprint. And we embrace that journey with resilience, curiosity, and determination.
None of this would exist without an exceptional team. The dedication, sharp thinking, persistence, and trust within this group are what truly define RIANA.
Building this together has been the most humbling and rewarding experience. ❤️
Here’s to the science, the patients we aim to serve, and the exciting years ahead.
— The RIANA Team
Meet us at these upcoming conferences 2026
| 04.-05. March | Sachs European Life Science CEO Forum, Zurich |
| 23.-25. March | BioSpring & RESI, Lisboa |
| 27.-28. April | BioVaria, Munich |
| 03.-05. May | Swiss Biotech Days, Basel |
| 04.-06. May | BioEquityEurope, Prague |
We look forward to networking with venture capital, business angels and industry leaders, discussing how RIANA’s STAT5 inhibitor program is paving the way for new treatments in oncology. If you’ll be there, we’d love to connect!
Our Science
ADRESSING HIGH POTENTIAL BUT CHALLENGING DRUG TARGETS
While the clinical success of tyrosine kinase inhibitors has validated the power of targeted therapies, numerous well-described oncogenic drivers are still not addressed by approved medicines. A key reason is their dependence on challenging protein–protein interactions (PPIs), which have historically been difficult to modulate with small molecules.
ULTRA-PRECISE TARGETING OF A DISEASE-DRIVING MECHANISM
STAT5 is one such target. In hematologic malignancies, including acute myeloid leukemia (AML), oncogenic STAT5 signaling is driven by oligomerization, while STAT5 dimerization is essential for its normal cellular function. Effective therapeutic intervention therefore requires highly selective targeting of STAT5 oligomerization without disrupting physiological STAT5 activity. See our publications for further information.


SMALL MOLECULES INHIBIT ABERRANT STAT5 OLIGOMERIZATION
RIANA Therapeutics was founded to address this challenge. We developed and protected a unique, cell-based phenotypic screening system that enables the identification of small-molecule inhibitors capable of selectively disrupting oncogenic PPIs.
Using this technology, we screened a chemical library and successfully identified STAT5 small molecule oligomerization inhibitors, which form the basis of RIANA’s first lead discovery program.
Our discovery platform integrates target-driven biology, structure-guided medicinal chemistry, and rigorous functional validation. By starting from a well-validated disease mechanism and advancing through iterative design and testing, we aim to generate highly selective small molecules that directly modulate STAT5 function in cancer cells.
TARGETING STAT5 WITH SMALL MOLECULES: FIRST-IN-CLASS THERAPIES, HIGHLY EFFECTIVE WITH LOW SIDE-EFFECTS
Targeting oncogenic STAT5 oligomerization represents a novel and highly innovative therapeutic strategy. Due to the intrinsic selectivity of this approach, we expect to achieve potent anti-cancer activity with significantly reduced side effects, while maintaining adequate efficacy. Through this strategy, RIANA Therapeutics seeks to expand the druggable landscape and deliver first-in-class therapies for patients with high unmet medical need, beginning with acute myeloid leukemia.
Publications – 20 years of validated STAT5 biology
J Clin Invest. | April 2024
Hyperactive STAT5 hijacks T cell receptor signaling and drives immature T cell acute lymphoblastic leukemias
Indication
J Cell Mol Med. | April 2022
JAK-STAT core cancer pathway: An integrative cancer interactome analysis
Biology
Immunology and Inflammation | Dec 2021
Tetramerization of STAT5 promotes autoimmune-mediated neuroinflammation
Oligomers
Cancers | Jan 2020
Pharmacological Inhibition of Oncogenic STAT3 and STAT5 Signaling in Hematopoietic Cancers
Indication
Cancers (Basel) | Dec 2019
Direct Targeting Options for STAT3 and STAT5 in Cancer
Targeting
Cancers | Nov 2019
STAT5A and STAT5B—Twins with Different Personalities in Hematopoiesis and Leukemia
Indication,
Biology
Haematologica | Oct 2019
The stromal microenvironment provides an escape route from FLT3 inhibitors through the GAS6-AXL-STAT5 axis
Indication
Nature Communication | June 2019
Structural and functional consequences of the STAT5BN642H driver mutation
Biology
Nature | Jan 2019
Twins with different personalities: STAT5B—but not STAT5A—has a key role in BCR/ABL-induced leukemia
Indication
Leukemia | May 2018
Pharmacologic inhibition of STAT5 in acute myeloid leukemia
Indication
Nature Communications | Nov 2017
Critical functions for STAT5 tetramers in the maturation and survival of natural killer cells
Biology
Oncotarget | July 2014
Inhibition of STAT5: A therapeutic option in BCR-ABL1-driven leukemia
Targeting
Immunity | April 2012
STATus Report on Tetramers
Biology
Immunity | April 2012
Critical Role of STAT5 Transcription Factor Tetramerization for Cytokine Responses and Normal Immune Function
Biology
Front Biosci. | May 2008
The different functions of Stat5 and chromatin alteration through Stat5 proteins
Biology
Cancer Cell | Jan 2005
Stat5 tetramer formation is associated with leukemogenesis
Biology,
Indication
RIANA at BioEurope 2025 in Vienna
From November 3–5, the RIANA team was delighted to participate in BioEurope 2025, hosted this year in our beautiful home city of Vienna.
It was an inspiring few days filled with engaging conversations, valuable new connections, and the opportunity to reconnect with many familiar faces from the biotech community.
A special highlight was Anna’s pitch on Wednesday, where she presented our STAT5 program and introduced RIANA’s current seed investment round.
We’re proud to be part of the vibrant Austrian biotech community, and deeply appreciate the professional and charming organization and support by Life Science Austria – LISA — who made this exceptional event run so smoothly.
Thank you to everyone who contributed to such an energizing and productive conference experience!


RIANA Therapeutics Wins First Prize at Prague.bio 2025
On September 25, 2025, RIANA Therapeutics took part in the Prague.bio Conference 2025, one of Central and Eastern Europe’s leading events for the biotechnology and life sciences community.
The conference brought together founders, investors, scientists, and innovation leaders from across the region — all sharing a common goal: to strengthen and connect the CEE biotech ecosystem.
We are proud to announce that RIANA Therapeutics was awarded the 1st Prize in the Prague.bio Pitch Competition 🥇, recognizing our innovative work on developing novel STAT5 inhibitors for the treatment of acute myeloid leukemia (AML).
The event featured outstanding talks from keynote speakers Hannah Nelson, Philipp Kukura, and Wojciech Nowak, and was perfectly moderated by Michala Hergetová, whose enthusiasm and professionalism set a great tone for the day.
We extend our warm congratulations to the other winners, HeartBeat.bio AG and Nanoflexion, and our sincere thanks to the entire Prague.bio team for organizing such a well-curated and inspiring event.
We left Prague energized and deeply motivated by the spirit of collaboration and innovation driving biotech in Central Europe.
We’re already looking forward to BioEquity Europe 2026, which will take place in Prague next May – another great opportunity to strengthen international ties and showcase the potential of our region’s biotech startups.








