GET A PIECE OF PHORMED
Utilizing Gene Repair Therapy to Treat Diseases
$240,443 Raised
Reasons to Invest
- Our goal is to replace CHEMOTHERAPY treatment with an ALTERNATIVE TREATMENT that, if we make it to market, would NOT REQUIRE HOSPITAL STAYS in most cases.
- Our drug can potentially treat multiple diseases resulting in a greater chance of success and larger market potential, a combined overall market potential of over $12 billion per year.
- We have a highly credentialed team. Our key personnel and advisory board members have compiled a combined 565 peer reviewed publications and abstracts. PhorMed has raised over $2.5 million and gained more than 4,100 total shareholders, and 8,800+ followers.
Overview
Discovering new approaches to therapy in the field of Genomic Medicine
PhorMed is a clinical stage biopharmaceutical company, utilizing Gene Repair Therapy to develop our drug RP-323, to treat diseases such as Parkinson’s disease, Acute Myeloid Leukemia, Hodgkin’s Lymphoma and ARDS, caused by COVID-19. PhorMed is pre-revenue and does not currently have a product on the market.
A number of indications are under development which are all categorized as inflammatory disorders. It has been determined that RP-323 is active along specific cell lines, being able to target damaged or mutated cells due to cancer, viruses, and a variety of other factors.
Our studies include cancer cells, blood cells, and, as a result of its special ability to pass through the Blood Brain Barrier (BBB), neurological cells. Because of RP-323’s wide range of activity, the company has been able to build a broad platform from a single molecule.
The company is working on a treatment for Parkinson’s disease that we believe is in line to become one of the top innovative therapies. RP-323 is also targeted to be a first-line treatment in Oncology, Neurology, and Anti-Virus. The company’s mission is to treat unmet medical needs by treating the cause, and in some cases, the symptom.
This is accomplished through differentiation, RP-323’s ability to repair the DNA of damaged or mutated cells; immunotherapy, boosting the body’s immune system through cytokine induction; and by stem cell signaling and proliferation, stimulating cell division once the cell is repaired and functioning properly. All of these mechanisms work in unison allowing the body to heal and return to a healthy condition.
Five indications are presently in the pipeline and the company will continue to expand through its continued dedication in research and development. We are committed to the highest standards of scientific excellence and integrity to accomplish these goals for our patients and society.
the problem
Problematic CHEMOTHERAPY as a treatment or at times NO AVAILABLE OPTIONS
Patient options are frequently limited and at times no known effective options are available.
With patients suffering from Acute Myeloid Leukemia (AML) or Hodgkin’s Lymphoma (HL), chemotherapy has been the traditional option which is well known to have harmful or lethal side effects, while those with Parkinson’s disease (PD) and Acute Respiratory Distress Syndrome (ARDS), caused by COVID-19 are faced with no realistic treatment options. PhorMed is attempting to offer NEW FIRST-LINE TREATMENTS in these areas allowing patients new hope. (source, source, source, source)
the solution
Our goal is to REPLACE CHEMOTHERAPY in selected Oncology markets and offer new options for all diseases we are attempting to treat
We are looking to offer new treatments for AML, HL, PD, and ARDS caused by COVID-19. Our goal is to make faster acting treatments that are safer for patients, and to make chemotherapy obsolete in our selected markets.
We focus on treating diseases through Gene Repair Therapy
RP-323 utilizes Gene Repair Therapy to target damaged or mutated cells and repair a broad range of cell types. Our technology focuses on the root cause, aiming to fix the cellular damage on a molecular level.
The drug will be administered through intravenous infusion.
THE Market
These deadly diseases are widespread
The world market for drugs treating HL is projected to post a compound annual growth rate (CAGR) of 14.75% for the forecast period of 2022-2026. The same projections expect the market to reach $1.85 billion by 2026.
The CAGR of the AML market is expected to be around 14% over the next five years, and is expected to top $2.22 billion by 2026.
The PD world drug market is expected to reach $8.38 billion at CAGR of 8.1% by 2026.
Combined, the total annual market for three of our drug's potential uses could reach close to $12.45 billion by 2026.
The COVID-19 market is still to be determined.
Initial studies have shown our treatments are non-toxic with limited side effects.
Chemotherapy has long-lasting and potentially devastating side effects and can severely damage and kill healthy cells.
Depending on the severity of a disease when our drug is administered, a majority of treatment recipients will not be required to have hospital stays thanks to the limited side effects and unobtrusive nature of the drug. We believe our treatment will be a safer and non-toxic alternative for a variety of applications including cancer, viruses and neurological disorders.
OUR TRACTION
Our drug has been proven to be safe by the FDA in early studies
Our drug has been found to be safe for use in humans after the completion of the Phase 1 study. We are allocating a large majority of our funds towards clinical research and are actively proceeding with next steps in clinical research for all our indications.
RP-323 originally conducted a Phase I trial in 2004-2005. For human FDA trials, there are only three phases prior to entering into the marketplace. Those are Phase 1, Phase 2, Phase 3. Once Phase 1 is complete, the FDA may require an abbreviated safety phase to be included within the Phase 2 study which they call phase 1/2 or I/II. The 1 (I) portion of 1/2 (I/II) is an abbreviated safety step. Once the abbreviated safety step is completed companies move directly to starting Phase 2 (II). As of 2022, PhorMed is currently in phase 1/2 (I/II). We are not currently active in a trial at this time however we are in preparation for this next phase.
With your help and proper funding, we expect to eventually complete Phase 2 in all our clinical trials and move into the last stages of testing and finally into the hands of patients who need better options.
Why invest
Help us modernize the medical industry by making medicine safer and less costly
We are driven to replace Chemotherapy as a first-line treatment offering doctors and patients better options.
We are looking to offer patients a safe and effective way to better health and treatment methods with fewer side effects. We strive to make medical treatment less costly and available to all by reducing or eliminating the need for hospital stays.
We have an opportunity to improve the path patients take to recovery. With your help, we can make chemotherapy a thing of the past.
We believe our technology is the future of medicine. With your financial support we can pave the way to a healthier future with lower medical costs by eliminating or reducing the need for hospital stays, and moving medicine forward into modern times.
ABOUT
HEADQUARTERS
1999 Avenue of the Stars, #1100
Century City, CA 90067
WEBSITE
View Site
PhorMed is a Biotech Company paving the way in the advancement of a Gene Repair Therapy with our lead drug internally called RP-323. Our drug has the ability to repair cells allowing the body to recover. We are looking to treat a variety of disorders such as Parkinson’s disease, Acute Myeloid Leukemia, Hodgkin’s Lymphoma and Acute Respiratory Distress Syndrome, caused by COVID-19
TEAM
Prof. Richard L. Chang
Inventor and CSO
• Inventor and holder of multiple patents
• 124 peer-reviewed journal publications
• 150+ Scientific Abstracts
• Holder of 9 Patents
Professor Chang has filed multiple significant patents for the treatment of cancer, infectious disease, hematology, and neurological disorders. Prof. Chang has over 53 years of research experience with such companies as Hoffman-La-Roche, Schering Corp, and Burroughs Wellcome and is a full professor and director of Research at Rutgers University. He successfully launched and completed off IND and IND phase I trials in China and US.
Ben Chang
CEO, CFO, President, Director
• 16+ years of executive level experience in Biotech business ventures
• Holder of 2 patents
Mr. Chang has previously been founder, director, CEO, President, CFO, and/or COO of such biotech companies as Biosuccess Biotech Co. LTD., Rich Pharmaceuticals, Inc., and HypGen, Inc. Mr. Chang started his life-science career as the founder and managing partner of Sun-Rich Chemicals, product development and distribution organization for nutraceuticals. Mr. Chang also has experience in international banking, venture capital, M&A, finance, go-public transactions, and organizational design and operations. Mr. Chang has a Bachelor of Science Degree in Economics from East Carolina University where he focused on accounting and international business.
Carole A. Salvador, Psy.D.
HR Director/Secretary/Treasurer
Sean M. O’Connell, Ph.D
Chief Medical Officer
• 65+ peer reviewed publications
Dr. O'Connell has served as CSO, CMO, Chief Scientist, SVP, and Founder of multiple pharmaceutical and research companies such as Novartis Pharmaceuticals, Vertical Spine, LLC., Cascade Medical Enterprises, and Integrated Communications Corp. (ICC/IPG). He has received numerous research grants and currently holds the position of Adjunct Professor in the Department of Vascular Surgery, Englewood Hospital and Medical Center, Mount Sinai School of Medicine, New York. He received his PhD in immunology and molecular biology from Rutgers University and the University of Medicine and Dentistry of New Jersey at New Brunswick (now Rutgers Medical school).
Stuart Greene
VP of Marketing & Business Development (Part-Time)
Steven J. Davis
Legal Counsel
McCoy Moretz M.D.
Former CEO
TERMS
PhorMed
Overview
PRICE PER SHARE
$1
DEADLINE
Aug 18, 2022
VALUATION
$51.65M
FUNDING GOAL
$10k - $2.15M
Breakdown
MIN INVESTMENT
$500
MAX INVESTMENT
$2,150,494
MIN NUMBER OF SHARES OFFERED
10,000
MAX NUMBER OF SHARES OFFERED
2,150,494
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based:
First Week
Invest within the first week and receive 20% bonus shares.
Second Week
Invest within the first two weeks and receive 15% bonus shares.
Third Week
Invest within the first three weeks and receive 10% bonus shares.
Fourth Week
Invest within the first four weeks and receive 5% bonus shares.
Amount-Based:
$1,000+ | 5% Bonus Shares
Invest $1,000+ to receive 5% bonus shares & access to our Investor Club which allows you to vote on drug names, and receive special investor updates.
$5,000+ | 10% Bonus Shares
Invest $5,000+ to receive 10% bonus shares & access to our Investor Club.
$10,000+ | 15% Bonus Shares
Invest $10,000+ to receive 15% bonus shares & access to our Investor Club.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
PhorMed, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the 10% Loyalty Bonus Perk for all previous Crowdfunding offering 1 investors on StartEngine in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”.
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
JOIN THE DISCUSSION
0/2500
Mutea Alnuzely
9 months ago
Hello
Why you keep your investors in the dark
I am not receiving any updates , and what is the this future- company is doing to come to light ?!
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Stephen Lee
a year ago
Is there a timeline when PhorMed will go public?
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James Pond
a year ago
At what valuation was this 700k investment made?
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Maurice JELLAD
a year ago
You said “
“ PhorMed plans to continue its ARDS studies and, in parallel, to further advance its RP-323 human drug development platform by filing a Phase 2 IND application with the USFDA.”
How come PHASE 2 ?
Are you not supposed to apply for PHASE 1 clinical trial on humans first ⁉️
The preliminary test on mouse was promising. Ow you need to apply for phase 1, right ?
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Kathy Oleszkowicz
a year ago
Love the latest results update! Awesome news from the ARDS study!
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Aerica Ostrov
a year ago
Hi PhorMed Team.
Based on your Phase one Trial of 2004-2005, it would appear that getting to the next step of Phase 1/2 has taken 15+ years. Could you give us insights into the protracted time frame?
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Arghya Chatterjee
a year ago
Hi Ben,
I have already invested in the previous fund raising campaign. Kindly make me correct if I am wrong , as per as I know targeted cell treatment is already available for Hodgkin’s Lymphoma (HL) in today's medical science. In that case how much acceptance your product will be?
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Maurice JELLAD
a year ago
Basically the crowd is investing in financing Morphed early research. Good luck for that. This is going to take another 20 years. I wish investors to be patient and keep they hope and continue departing with their cash for the greater cause. VCs will come later on to secure the cake at commercial stage , when phase 3 is completed , and will Save the day.
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Walter Hunziker
a year ago
In the link to the Phase 1 study, I did not find the results or conclusions drawn from the study.
Could you explain the molecular details of how your compound works and why it can be used for the mentioned diseases?
Calling drug administration by infusion „non-invasive“ is misleading. The Phase 1 study described in the link mentions 12-O-Tetradecanoylphorbol-13-acetate as the drug. This is a chemical and as such the therapy chemotherapy (as opposed to immunotherapy, gene therapy, etc).
The Phase 1 study was initiated in 1999 - more then 20 years ago! Do you hold a patent, for what, when was it granted and when will it expire? I assume it is not a big hurdle for a generics drug company to produce 12-O-Tetradecanoylphorbol-13-acetate.
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stanley Evans
4 months ago
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