Tech Company Financing Transactions
Phoenix Molecular Designs Funding Round
Pallasite Ventures and World Changing Ventures participated in a $12 million Seed funding round for Phoenix Molecular Designs. The financing was announced by the company on 11/22/2019.
Transaction Overview
Company Name
Announced On
11/22/2019
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Seed
Investors
Pallasite Ventures (Christopher Bissonnette)
Proceeds Purpose
The primary use of funds continues to be on the preclinical and clinical advancement of its lead product candidate, PMD-026, a proprietary first-in-class orally-available RSK (kinase) inhibitor.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
887 Great Northern Way 220
Vancouver BC, V5T 4T5
Canada
Vancouver BC, V5T 4T5
Canada
Phone
Website
Email Address
Not Recorded
Overview
At Phoenix Molecular Designs, our innovative strategy for attacking cancer is based on a sophisticated lock and key mechanism where our drug will fit specifically and precisely to a protein that causes the cancer to grow unchecked, and unlock the protein to trigger cancer cell death, without affecting the normal healthy surrounding cells.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sandra Dunn
Chief Financial Officer
Michael Liggett
Chief Medical Officer
Andrew Dorr
Chief Operating Officer
Aarthi Jayanthan
Chief Scientific Officer
Gerrit Los
Chief Technical Officer
John Drie
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Where The Data Comes From
We record every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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