Nitrome Biosciences
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $105k | Seed | |
N/A | N/A | Grant | |
* | $38.0m Valuation: $49.8m | Series A | |
$7.0m Valuation: $190m | Series A | ||
Total Funding | €41.0m |
Recent News about Nitrome Biosciences
EditNitrome Biosciences, Inc. is a preclinical stage platform company focused on developing innovative therapeutics targeting a newly identified class of enzymes. These enzymes play a detrimental role in various age-related and inflammation-dependent diseases. The company's primary objective is to create therapies that can slow or halt the progression of these diseases, with a priority indication for neurodegenerative disorders. Nitrome also aims to expand its proprietary platform to address other conditions such as macular degeneration, fibrosis, and cancer.
Nitrome's approach is rooted in a novel hypothesis about the role of nitration in disease progression. Through rigorous research, the company has identified compounds that inhibit the enzymatic activity responsible for harmful nitration processes. This breakthrough has the potential to transform the treatment landscape for patients with unmet medical needs.
The company operates in the biotechnology sector, primarily serving the pharmaceutical and healthcare industries. Nitrome's business model involves the development and eventual commercialization of its proprietary therapeutics. Revenue generation will likely come from partnerships, licensing agreements, and direct sales of approved drugs.
Keywords: preclinical, therapeutics, enzymes, neurodegenerative, inflammation, nitration, biotechnology, proprietary platform, drug development, healthcare.