PhorMed offering is now closed and is no longer accepting investments.
INVEST IN PHORMED TODAY!
Utilizing Gene Repair to Treat Diseases
$2,429,855 Raised
REASONS TO INVEST
Current first-line treatment options have severe side-effects and can be toxic; our technology targets the disease not just the symptoms
Exciting technology with the potential to treat multiple diseases means expanding opportunities for new markets and the potential for growth
The combined potential market is $8B+ per year
Many common life-threatening diseases require dangerous treatments that have long-lasting side-effects or few options
Patients suffering from Acute Myeloid Leukemia (AML), Hodgkin’s Lymphoma (HL), Parkinson’s disease (PD), and COVID-19 are faced with either the reality of no realistic treatment options or for some diseases like cancer, potentially harmful and painful treatments with long-lasting side-effects.
We believe our early-stage drug shows unparalleled promise in the treatment of diseases
We are in the midst of clinical trials with our proprietary drug that will potentially be able to treat patients diagnosed with AML, HL, PD, COVID-19 and other projected diseases. Our technology, RP-323 works to “repair” the damaged cellular processes at the molecular level.
Unfortunately, these deadly diseases are wide-spread
The world market for drugs treating HL is projected to post a compound annual growth rate (CAGR) of 16% over the next four years. The same projections expect the market to reach $1.4B by 2024.
The CAGR of the AML market is expected to be around 14% over the next five years, and is expected to top $1.5B by 2024.
The PD therapeutics world market was valued at over $2B in 2016 and is expected to rise with a CAGR of 10.9% from 2017 to 2025.
Combined, the total annual market for three of our drug’s potential uses could reach close to $8B by 2025.
The COVID-19 market is still to be determined.
Our drug has been proven to be safe in early studies
The Safety Study has been completed establishing the validity and effectiveness of our drug. We are allocating Research & Development funds and are actively proceeding with next steps and clinical trials for all indications.
Our goal is to complete Phase II in all of our clinical trials.
We focus on treating the disease rather than the symptoms
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 (I.V drip), as an out-patient treatment, unless otherwise suggested by the physician.
Our financial directives are value-driven creating multiple potential exit strategies for our investors
PhorMed will be open to a variety of exit strategies including but not limited to a go-public transaction, partnering with a Pharmaceutical or Biotech company through a distribution deal, or through a merger or acquisition.
All options will be considered based on the best outcome for our investors and the company, and the timing of these potential options is yet to be determined.
Our treatments are non-toxic and have very few side effects
Current treatment options for some diseases have long-lasting and potentially devastating side effects because those treatments can damage or kill healthy cells.
Treatment recipients are not required to remain in the hospital thanks to the limited side effects and unobtrusive nature of the drug. We believe our treatment will be a safer, non-toxic alternative for a variety of applications including cancer, viruses and neurological disorders.
We are driven to fulfill unmet medical needs
Phase II Clinical Trials are targeted for completion in the next 2.5 years. During the same period, the goal is to complete multiple licensing deals with pharmaceutical and/or biotech companies. We believe these major steps would precipitate expansion of our pipeline and the potential placement of multiple products in the marketplace.
We anticipate that in the next 3-4 years our company will be able to take advantage of the growing market and help fulfill unmet medical needs.
We believe our drug can drastically improve the quality of life for our patients
We have an opportunity to forever change the options facing patients suffering from these awful diseases. With treatment from our drug, we believe these patients will be able to take back their lives, and won’t be saddled with long-lasting side effects, or be required to live in the hospital for weeks on end.
The company anticipates a clear path toward an open and ever-growing marketplace. Through potential partnerships and a number of other possible exit strategies, we are confident in our ability to fulfill the market's need for new and safe treatment options.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
ABOUT
HEADQUARTERS
1999 Avenue of the Stars, #1100
Century City, CA 90067
WEBSITE
View Site
PhorMed is a biopharmaceutical company leading the charge in the field of genomic medicine. We are working to utilize gene therapy to treat diseases, allowing the body to heal, and give new hope to patients suffering from diseases like AML, Hodgkin’s Lymphoma, Parkinson’s disease, and viruses.
TEAM
Prof. Richard L. Chang
Inventor and CSO
Inventor and holder of multiple patents
124 peer-reviewed journal publications
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/Chairman
Holder of 2 scientific 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.
Sean M. O’Connell, Ph.D.
CMO
65+ peer reviewed publications
Spearheading Parkinson’s disease study design
Early development stage collaboration with Prof. Richard Chang
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
Directly responsible for Marketing development
Mr. Greene’s experience includes direct B2B sales, Enterprise Software Sales, Business Development and Marketing, as well as IBM Power Systems Sales and management of server and cloud services teams. He has extensive experience in C-Level Business Development and the creation and editing of direct marketing content and campaigns. Mr. Greene has a Bachelor of Arts degree in Communications from Muhlenberg College.
Steven J. Davis
Legal Counsel
Extensive knowledge of Business, Corporate law
Mr. Davis’ experience ranges from serving on the Board of Directors of Philter Labs, Inc., and on the Board of Directors and Audit, Compensation and Nominating Committees of Telanetix, Inc. Prior to starting his own practice, Mr. Davis served as General Counsel and an executive officer of Molecular Imaging Corporation, and as in-house counsel for Leap Wireless International, Inc. He also practiced in the Business and Corporate Group in the San Diego office of Luce, Forward, Hamilton & Scripps LLP (now Dentons), a full-service law firm with over 200 attorneys, where he advised both private and public clients. Mr. Davis is licensed to practice law in California, the District of Columbia, and Minnesota. He received his Juris Doctor, Cum Laude, from the University of San Diego, School of Law in 1992. He received his B.A. in Political Science, Cum Laude, from Arizona State University in 1988.
McCoy Moretz M.D.
Former CEO
TERMS
PhorMed
Overview
PRICE PER SHARE
$1
DEADLINE
Mar 26, 2022
VALUATION
$39M
AMOUNT RAISED
$2,429,855
Breakdown
MIN INVESTMENT
$250
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
10,000
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
5,000,000
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Phormed Inc |
Corporate Address | : | 1999 Avenue of the Stars, #1100, Century City, CA 90067 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $5,000,000.00 |
Minimum Investment Amount(per investor) | : | $250.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 10,000 |
Maximum Number of Shares Offered | : | 5,000,000 |
Price per Share | : | $1.00 |
Pre-Money Valuation | : | $39,000,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Time-Based Bonuses*:
- Invest within the 1st week and receive 20% bonus shares.
- Invest within the 2nd week and receive 15% bonus shares.
- Invest within the 3rd week and receive 10% bonus shares.
- Invest within the 4th week and receive 5% bonus shares.
- New Year's Bonus - Invest between Jan 1st, 2020 and Jan 3rd, 2020 and receive 15% bonus shares
Volume Based Bonuses and Perks*:
- Invest >$500, you will receive 5% bonus shares & access to our Investor Club which allows you to vote on drug names, receive special investor updates, and attend Q&A sessions
- If you invest >$1,500, you will receive 10% bonus shares & access to our Investor Club.
- If you invest >$5,000, you will receive 15% bonus shares & access to our Investor Club.
- If you invest >$10,000, you will receive 20% bonus shares, an in-person meeting with the leadership team**, and access to our Investor Club.
*Investors cannot qualify for both bonuses in any single investment. If an investor qualifies for two bonuses the higher of the two bonuses will be applied. All perks occur after the offering is completed.
**Travel Not Included
The 10% Bonus for StartEngine Shareholders
Phormed Inc will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 or made at least two investments in StartEngine's own offerings.
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 Common Stock shares, 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 cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
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.
ALL UPDATES
07.28.22
Announcing results from our on-going ARDS study!
We are excited to announce, for the first time, results from our on-going preclinical studies of Acute Respiratory Distress Syndrome (ARDS). We have determined our drug RP-323 has the ability to limit inflammation associated with ARDS taking effect within 24 hours of administration.
ARDS can develop from numerous respiratory conditions including COVID-19 and there are currently no FDA approved targeted therapies for active ARDS. Patients have the potential to rapidly develop a variety of lung inflammatory conditions including general bronchial damage, fibrosis, vascular thrombosis, double pneumonia, and in severe cases, ARDS can lead to death.
We look forward to providing more data as it becomes available. We thank you for taking an active role by investing today and becoming part of the PhorMed family.
03.26.22
$125,000 raised today. Help us reach our next milestone before the campaign ends in 6 hours.
We have raised more than $125,000 today and over $250,000 since last Friday thanks to our 4,000+ investors.
Help us reach the $2.5 million milestone for this campaign.
Invest in these final 6 hours before our campaign ends and be part of our exciting new Gene Repair Technology.
03.25.22
Eclipsed $100,000 raised today and 4,000+ overall investors
Many thanks to all who have helped us raise $100,000 so far today.
We have also reached a milestone of more than 4,000 overall investors.
Help us close the day strong and join the PhorMed family by investing in our exciting Gene Repair Therapy.
03.25.22
Last Day to invest. Over $60,000 raised in the last hour.
Over $60,000 raised in the last hour.
Help keep the momentum by investing and help make our Gene Repair Therapy a reality for those who need it.
03.25.22
Campaign Closing Today. Last Day Left to Invest in PhorMed
03.25.22
Nearly $24,000 raised yesterday
Nearly $24,000 raised yesterday.
Help beat yesterday's total and get us closer to our goal of Phase II human clinical trials.
03.24.22
Campaign Closing Tomorrow!
03.23.22
Over $105.000 raised since Friday
Over $105,000 raised since Friday. Continue to help us push towards our goal of Phase II human trials. Invest and become part of the PhorMed family.
03.23.22
2 Days Left to Invest in PhorMed!
03.22.22
3 Days Left to Invest in PhorMed!
REWARDS
$250
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500
5% Bonus Shares
Invest $500+ and receive 5% bonus shares & access to our Investor Club which allows you to vote on drug names, receive special investor updates, and attend Q&A sessions
$1,500
10% Bonus Shares
Invest $1,500+ and receive 10% bonus shares & access to our Investor Club.
$5,000
15% Bonus Shares
Invest $5,000+ and receive 15% bonus shares & access to our Investor Club.
$10,000
20% Bonus Shares
Invest $10,000+ and receive 20% bonus shares, an in-person meeting with the leadership team**, and access to our Investor Club.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
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SECURE
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