NovoMedix

company

About

NovoMedix is a Biotechnology Company.

  • 1 - 10

Details

Last Funding Type
Grant
Last Funding Money Raised
$2M
Industries
Biotechnology
Founded date
Jan 1, 2001
Number Of Employee
1 - 10
Operating Status
Active

NovoMedix has developed novel orally available small molecules with wide therapeutic windows to treat fibrotic disorders. While these molecules have shown remarkable efficacy in animal models of fibrosis, some of them have unique properties for the treatment of cancer. These first-in-class small molecules co-target pathways that provide cardioprotective and synergistic anti-tumor effects with standard-of-care chemotherapies for the treatment of triple negative breast cancer (TNBC). There is a dose-dependent delayed and progressive cardiomyopathy often observed years after cessation of treatment of breast cancer patients anthracyclines such as doxorubicin (Adriamycin). As a result, the leading cause of death in breast cancer survivors is cardiovascular disease, often caused by the same treatments that once saved their lives. NovoMedix compounds have synergistic effects with chemotherapies on cancer cells, potentially enhancing patient response while significantly minimizing cardiotoxicity, ultimately improving long-term survival by reducing mortality due to heart failure. The goal is to initiate IND enabling studies with the lead candidate and to deliver this novel and safe therapy to TNBC patients as soon as possible.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$2M
NovoMedix has raised a total of $2M in funding over 2 rounds. Their latest funding was raised on May 26, 2022 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 26, 2022 Grant $2M 1 National Institutes of Health Detail

Investors

Number of Lead Investors
Number of Investors
1
1
NovoMedix is funded by 1 investors. National Institutes of Health are the most recent investors.
Investor Name Lead Investor Funding Round
National Institutes of Health Yes Grant