{"id":6243,"date":"2021-08-01T09:54:00","date_gmt":"2021-08-01T09:54:00","guid":{"rendered":"https:\/\/41j.com\/blog\/?p=6243"},"modified":"2021-07-01T09:54:45","modified_gmt":"2021-07-01T09:54:45","slug":"nautilus-prospectus-review","status":"publish","type":"post","link":"https:\/\/41j.com\/blog\/2021\/08\/nautilus-prospectus-review\/","title":{"rendered":"Nautilus Prospectus Review"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.substack.com\/image\/fetch\/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F98b38d30-674f-4a08-8223-60e055e16e12_1254x667.jpeg\" alt=\"\" width=\"465\" height=\"247\"\/><\/figure><\/div>\n\n\n\n<p>This post originally appeared on my <a href=\"http:\/\/aseq.substack.com\">substack<\/a>.<\/p>\n\n\n\n<p>My\u00a0<a href=\"https:\/\/aseq.substack.com\/p\/nautilus-biotechnology\">previous post on Nautilus<\/a>\u00a0covered their published IP and was originally released to paid subscribers. After it was released publicly, someone forwarded me the\u00a0<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1808805\/000162828021010352\/nautilus424b3.htm\">Nautilus\u2019 prospectus<\/a>. While the information in the prospectus is largely in line with that presented previously, it provides more concrete information on their implementation.<\/p>\n\n\n\n<p>In the prospectus they describe \u201cscaffolds\u201d these are likely the SNAPs (nanoballs) from their patents. The scaffold prep process sounds non-trivial as they state flowcell\/sample prep takes ~2 hours.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/cdn.substack.com\/image\/fetch\/f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ddd8588-fa17-46aa-b51d-d0948d0de58e_1126x422.jpeg\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.substack.com\/image\/fetch\/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ddd8588-fa17-46aa-b51d-d0948d0de58e_1126x422.jpeg\" alt=\"\" width=\"533\" height=\"199\"\/><\/a><\/figure><\/div>\n\n\n\n<p>They also make it clear that their current chips have 10 billion sites. This is interesting because it helps frame the value of their arraying approach. To put this in context the Hiseq 2500 was able to reach 4B reads without a patterned flowcells\/arraying. So, while the arraying technology is interesting it still doesn\u2019t seem of fundamental importance to getting the platform working. The arraying approach seems to work well though, with &gt;95% of sites being active:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/cdn.substack.com\/image\/fetch\/f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3c0b1fe7-5dd3-4f34-9d5c-db4707ac62c9_1501x521.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.substack.com\/image\/fetch\/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3c0b1fe7-5dd3-4f34-9d5c-db4707ac62c9_1501x521.png\" alt=\"\" width=\"615\" height=\"213\"\/><\/a><\/figure><\/div>\n\n\n\n<p>There are a couple of statements on cycle requirements in the document that appear slightly contradictory. The first is \u201cA typical 300 cycle run will generate approximately 20 terabytes of data\u201d the second is \u201cit takes roughly 15 cycles of multi-affinity probe biding events to uniquely identify a protein\u201d. If you only need 15 cycles, why do you typically run to 300?<\/p>\n\n\n\n<p>They present this plot showing classification of a protein using multi-affinity reagents:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/cdn.substack.com\/image\/fetch\/f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcaab0194-1795-4616-b3c8-d8567168cf48_3098x1648.jpeg\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.substack.com\/image\/fetch\/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcaab0194-1795-4616-b3c8-d8567168cf48_3098x1648.jpeg\" alt=\"\" width=\"510\" height=\"271\"\/><\/a><\/figure><\/div>\n\n\n\n<p>My guess is that there are multiple sets of multi-affinity reagents. So it\u2019s more like out of this set of 300 reagents we can find 15 that will give a unique signal for a particular protein. If this is true, then the 15 cycles statement isn\u2019t very meaningful. And it sounds like you need to do 300 cycles in general. This implies a complex reagent cartridge and fluidics system. They state that \u201cNautilus intends to utilize over 300 complex reagents and various antibodies\u201d which backs this up.<\/p>\n\n\n\n<p>But it seems like proteins stay attached though these long runs (&lt;1% loss):<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/cdn.substack.com\/image\/fetch\/f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9cb2e47d-0db3-4e9c-b09f-a7ae6529d702_1064x448.jpeg\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.substack.com\/image\/fetch\/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9cb2e47d-0db3-4e9c-b09f-a7ae6529d702_1064x448.jpeg\" alt=\"\" width=\"576\" height=\"242\"\/><\/a><\/figure><\/div>\n\n\n\n<p>Beyond this, they don\u2019t say anything regarding affinity reagents other than they can use a \u201cwide variety of \u201coff-the-shelf\u201d affinity reagents\u201d and \u201cwe have developed a proprietary process for high throughput generation and characterization of multi-affinity probes\u201d. I\u2019d guess the high throughput generation approach is likely the sequencing based aptamer evolution approach<a href=\"https:\/\/aseq.substack.com\/p\/nautilus-biotechnology\">&nbsp;described in their patents<\/a>.<\/p>\n\n\n\n<p>On the commercial side, they appear to be targeting a 2023 launch. So it will likely take some time for us to find out how well the platform works in practice.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/cdn.substack.com\/image\/fetch\/f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fed565c2d-d899-4fba-91b3-4f8e8bdb9226_1431x519.jpeg\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.substack.com\/image\/fetch\/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fed565c2d-d899-4fba-91b3-4f8e8bdb9226_1431x519.jpeg\" alt=\"\" width=\"561\" height=\"203\"\/><\/a><\/figure><\/div>\n\n\n\n<p>Pricing is less clear but they say it will be \u201cin-line with mass spectrometry system budgets allocated for broad scale proteomics applications, and thus with a premium instrumentation average selling price\u201d. However I suspect the consumables pricing will look pretty different to mass spec. That 300 reagent cartridge and patterned flowcell doesn\u2019t sound like it\u2019s going to be cheap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post originally appeared on my substack. My\u00a0previous post on Nautilus\u00a0covered their published IP and was originally released to paid subscribers. After it was released publicly, someone forwarded me the\u00a0Nautilus\u2019 prospectus. While the information in the prospectus is largely in line with that presented previously, it provides more concrete information on their implementation. In the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-6243","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1RRoU-1CH","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/posts\/6243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/comments?post=6243"}],"version-history":[{"count":1,"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/posts\/6243\/revisions"}],"predecessor-version":[{"id":6244,"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/posts\/6243\/revisions\/6244"}],"wp:attachment":[{"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/media?parent=6243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/categories?post=6243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/41j.com\/blog\/wp-json\/wp\/v2\/tags?post=6243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}