History and Origins
The technology was conceptualized by current CEO in the mid-90’s at the request of an inquirer who became a collaborator/co-inventor. The state of transdermal art was analyzed and key parameters controlling transdermal flux identified and system to modulate these characteristics composed of GRAS-listed substances developed.
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Intellectual property situation
The Company’s technology is protected by three (3) broad patents in the United States and twenty (20) additional patents issued in the EU, Canada, Mexico and Japan.
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Organization
The company was founded in 2012 and is located in Southeastern US.
It has 5 FTE and recently engaged investment banking to assist in the capital raise. Management team has long history in pharmaceutical sector.
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Key Takeaways
The company can provide a safer and faster delivery of drugs combined with a billion-dollar market potential at a low incremental cost.
In addition to providing immediate delivery, it provides a more direct means to deliver a much smaller, but equally effective dose of drugs.
Management has very good understanding of the pharma market and should be able to secure licensing and partnerships.
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