Promentis Pharmaceuticals

Promentis Pharmaceuticals

Developing antipsychotic drugs to treat schizophrenia. Learn more
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DateInvestorsAmountRound
-

N/A

-

$1.7m

Seed

$1.9m

Series A

$1.8m

Grant

$750k

Debt

$2.9m

Series B
N/A

$8.7m

-

$26.0m

Series C
N/A

$17.6m

Growth Equity VC
N/A

$2.5m

Early VC
Total FundingCAD86.0m

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Promentis Pharmaceuticals, Inc. is a privately held biopharmaceutical company focused on the discovery and development of first-in-class therapies for the treatment of neuropsychiatric disorders. The company operates in the biopharmaceutical sector, specifically targeting central nervous system (CNS) disorders. Promentis develops novel oral compounds that engage System xc, a CNS target for diverse psychiatric conditions. The company's business model revolves around research and development (R&D) of these innovative therapies, aiming to bring them to market through clinical trials and regulatory approval. Revenue generation is primarily expected from the commercialization of these therapies, either through direct sales or partnerships with larger pharmaceutical companies. Promentis serves patients suffering from neuropsychiatric disorders, healthcare providers, and the broader medical community. The market it operates in is highly specialized and competitive, with a focus on addressing unmet medical needs in CNS disorders.

Keywords: biopharmaceutical, neuropsychiatric, CNS, System xc, innovative therapies, oral compounds, clinical trials, R&D, healthcare, commercialization.

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