Cody Tranbarger came to biotech through finance and business deals rather than the lab. In June 2024 he joined Atlas Venture, a biotech investor in Cambridge, Massachusetts, as an entrepreneur-in-residence: someone an investor backs to start a new company. He founded Mithril that December. Atlas put in a small first round of funding and is Mithril's only named investor, and Atlas partner Jason Rhodes chaired its board.
Nathan Frey, now head of drug research at Anthropic, met Tranbarger in the first week of his own start-up, Coefficient Bio, which Anthropic bought in April. Frey was a fan of Professor Oak but had no idea who ran it. He told Endpoints News he should have guessed: when they met, Tranbarger asked him to "choose your starter: small molecule, antibody, gene editor", three kinds of drug. In the original Pokémon games, Professor Oak asks each new player to pick a starter Pokémon. He found out later, when he mentioned one of Professor Oak's analyses and Tranbarger replied, "Oh yeah, that's me."
Tranbarger is now part of Frey's team, where he says he will lead Anthropic's wider in-house drug development.