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Chrysalis BioTherapeutics Receives Funding from the National Institutes of Health for COVID-19 Therapeutic Development

PRIVATEJun 10, 2020

Amount Raised

$912

Round Type

Pre-Seed

GalvestonBiotechnologyHealthcare

Description

Chrysalis BioTherapeutics, Inc., a clinical-stage biotechnology company developing regenerative drugs for acute organ injury caused by radiation exposure, announced today that the National Institute of Allergy and Infectious Disease (NIAID), part of the National Institutes of Health, awarded Chrysalis $912,157 to fund preclinical development of its investigational drug TP508 for SARS-CoV-2 infection. The contract award includes an option to conduct a Phase I human clinical trial to demonstrate safety prior to initiating efficacy trials in COVID-19 patients.

Quick answer

Chrysalis Bio Therapeutics raised $912 in a Pre-Seed round, dated June 10, 2020. Chrysalis Bio Therapeutics is based in Galveston, Texas, United States.

How much did Chrysalis Bio Therapeutics raise?
Chrysalis Bio Therapeutics raised $912 in a Pre-Seed round on June 10, 2020.
What does Chrysalis Bio Therapeutics do?
Chrysalis BioTherapeutics, Inc. is a biopharmaceutical development company located in Galveston, TX.
Where is Chrysalis Bio Therapeutics based and how big is it?
Chrysalis Bio Therapeutics is based in Galveston, Texas, United States.
Who are the decision-makers at Chrysalis Bio Therapeutics?
Fundz holds 2 contacts at Chrysalis Bio Therapeutics, including the CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare and Biotechnology around the same time

Companies in the same sectors as Chrysalis Bio Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Revalesio raised $20M on July 22, 2020.
  • TriFlo Cardiovascular Inc raised $4.6M (Seed) on July 22, 2020.
  • CurvaFix raised $10M (Series B) on July 21, 2020.
  • Aspira Women’s Health raised $11M on July 15, 2020.
  • valisure llc raised $3.8M (Seed) on July 14, 2020.
  • Elite Pharmaceuticals raised $500K (Seed) on July 13, 2020.

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Company Information

Company

Chrysalis Bio Therapeutics

Location

2200 MARKET ST, SUITE 606

Galveston, Texas, United States

About

Chrysalis BioTherapeutics, Inc. is a biopharmaceutical development company located in Galveston, TX. TP508 (rusalatide acetate) is licensed from The University of Texas Medical Branch (UTMB) at Galveston, TX. Although TP508 has shown potential efficacy in stimulating early tissue repair in human clinical trials, it is not yet FDA-approved and is currently only available for investigational use.

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Related People

2 contacts
Verified contactsDarrell C., CEO hiddenSee plans and pricing
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Chrysalis Bio Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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