Tech Company Financing Transactions
Peroxitech Therapeutics Funding Round
Perceptive Advisors and private investors invested in a $25 million Series A funding round for Peroxitech Therapeutics. The round was announced on 12/13/2022.
Transaction Overview
Company Name
Announced On
12/13/2022
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series A
Investors
Perceptive Advisors (Lead Investor)
Proceeds Purpose
The company intends to use the funds to build upon the preclinical work conducted through collaborative partnership and seed investment with the Xontogeny development team to advance the lead candidate, PIP-2, through IND-enabling studies and into clinical development.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
3401 Grays Ferry Ave. Building 212 153
Philadelphia, PA 19146
USA
Philadelphia, PA 19146
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Peroxitech is a biotech start-up out of the University of Pennsylvania. Our lead program is a breakthrough treatment for acute lung injury. The most pressing indication for our lead candidate is COVID-19 induced acute lung injury. In these patients, acute lung injury is the leading cause of death. Our co-founders and scientists discovered a new pathway and a novel drug to treat and prevent acute lung injury.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Han
Co-Founder
Sheldon Feinstein
Co-Founder
Aron Fisher
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