PhorMed

PhorMed

Early Stage

Utilizing gene therapy to target cancer and mutated cells

Utilizing gene therapy to target cancer and mutated cells

Overview

Raised to Date: Raised: $2,450,528

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/05/2019

Close Date

03/25/2022

Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$39,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,917

# of Investors

4,097

Momentum
Funded
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Year Founded

2019

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Location

Beverly Hills, California

Business Type

Growth

PhorMed, with a pre-money valuation of $39 million, is raising funds on StartEngine.It is a biopharmaceutical company that is changing the face of genomic medicine. PhorMed uses gene therapy to target and treat cancer cells and mutated cells, and develops a treatment for patients suffering from Hodgkin’s Lymphoma, Parkinson’s Disease, and Acute Myeloid Leukemia. PhorMed was founded by McCoy Moretz Richard L. Chang and others. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $107,000, will be used for the Phase 2 clinical trials of the drug. PhorMed uses a leading technology, RP-323, as its gene repair therapy. The drug has completed Phase 1 of the clinical study and has generated positive outcomes.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 12/05/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PhorMed 04/28/2024 Wefunder $52,523,767 $0 Equity - Common Active RegCF
PhorMed 08/16/2022 StartEngine $51,647,023 $243,864 Equity - Common Funded RegCF
PhorMed 03/24/2022 StartEngine $39,000,000 $2,450,528 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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PhorMed on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $39,000,000
Price per Share: $1.00

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