Phoenix PharmaLabs

Deal To Watch
BETA

Addressing the opioid crisis by developing potent, safe, non-addictive painkillers.

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

Netcapital

Start Date

12/24/2020

Close Date

02/22/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$26,790,283

Weekly Commitments $
Status

Active

Reporting Date

01/20/2021

Days Remaining

31

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Avg. Daily Raise

$0

Momentum
Location

Woods Cross, Utah

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Phoenix PharmaLabs, with a post-money valuation of $26,790,283, is raising funds on NetCapital. The company is a preclinical drug discovery company dedicated to the development of potent, safe, non-addictive treatments for pain and addiction. John Lawson, PH.D. and Lawrence Toll, PH.D. founded Phoenix PharmaLabs. The crowdfunding round has a minimum raise of $10,000 and a maximum raise of $1,070,000. Phoenix PharmaLabs lead drug, PPL-103, has demonstrated in animal studies that it is a very potent painkiller (10x more potent than morphine), and is non-addictive, does not produce withdrawal, does not cause death from overdose at elevated doses, and causes no constipation.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,285,068

$66,654

COGS

$0

$0

Tax

$0

$100

 

 

Net Income

$-477,945

$-939,817

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$761,206

$37,344

Accounts Receivable

$0

$0

Total Assets

$761,206

$37,344

Short-Term Debt

$2,058,665

$1,964,449

Long-Term Debt

$0

$0

Total Liabilities

$2,058,665

$1,964,449

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
02/22/2021 Netcapital $26,790,283 $0 Equity - Common Active RegCF
03/30/2019 Netcapital $23,136,335 $1,102,553 Equity - Common Confirmed Closed RegCF

Ratings

last updated 01/21/2021

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