Remedy Pharmaceuticals

New York, United States Founded: 2004 • Age: 22 yrs Acquired By Biogen
Intravenous formulation for acute central nervous system conditions such as stroke (ischemic and hemorrhagic), traumatic brain injury.

About Remedy Pharmaceuticals

Remedy Pharmaceuticals is a company based in New York (United States) founded in 2004 was acquired by Biogen in May 2017.. Remedy Pharmaceuticals has raised $22.76 million across 7 funding rounds from investors including Biogen, The Vertical Group and Broadview Ventures. The company has 6 employees as of December 31, 2022. Remedy Pharmaceuticals offers products and services including CIRARA. Remedy Pharmaceuticals operates in a competitive market with competitors including Avidity Biosciences, Univercells, Sutro Biopharma, Vividion Therapeutics and Straumann Group, among others.

  • Headquarter New York, United States
  • Employees 6 as on 31 Dec, 2022
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Remedy Pharmaceuticals Inc
Operational Areas
Healthcare → Biotechnology, Genomics & Life Sciences Research
Healthcare → Healthcare Products & Supplies
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $22.76 M (USD)

    in 7 rounds

  • Latest Funding Round
    $3.7 M (USD), Series D

    Nov 23, 2016

  • Investors
    Biogen

    & 3 more

  • Employee Count
    6

    as on Dec 31, 2022

  • Acquired by
    Biogen

    (May 15, 2017)

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Products & Services of Remedy Pharmaceuticals

Remedy Pharmaceuticals offers a comprehensive portfolio of products and services, including CIRARA. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Inhibits SUR1-TRPM4 channels to prevent cerebral edema in stroke patients.

People of Remedy Pharmaceuticals
Headcount 10-50
Employee Profiles 3
Employee Profiles
People
Sven Jacobson
CEO/Cofounder

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Funding Insights of Remedy Pharmaceuticals

Remedy Pharmaceuticals has successfully raised a total of $22.76M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $3.7 million completed in November 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 7
  • Last Round Series D — $3.7M
  • First Round

    (08 Sep 2010)

  • Investors Count 3
Date Amount Transaction Name Valuation Lead Investors Investors
Nov, 2016 Amount Series D - Remedy Pharmaceuticals Valuation

investors

Dec, 2015 Amount Series D - Remedy Pharmaceuticals Valuation The Vertical Group
Feb, 2014 Amount Series C - Remedy Pharmaceuticals Valuation Broadview Ventures
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Remedy Pharmaceuticals

Remedy Pharmaceuticals has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Biogen, The Vertical Group and Broadview Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investments in early and late-stage US companies are made.
Founded Year Domain Location
Seed-stage life sciences investments are made in the US.
Founded Year Domain Location
-
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Remedy Pharmaceuticals

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Remedy Pharmaceuticals

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Remedy Pharmaceuticals Comparisons

Employees
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Competitors of Remedy Pharmaceuticals

Remedy Pharmaceuticals operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Avidity Biosciences, Univercells, Sutro Biopharma, Vividion Therapeutics and Straumann Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
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Antibody-based therapeutics for cancer therapy are developed via cell-free synthesis.
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Developing novel drugs based on a proteome-wide ligand and target discovery platform
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Dental implants and regenerative dentistry products are developed.
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RNA-editing technologies are provided for precision medicine applications.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Frequently Asked Questions about Remedy Pharmaceuticals

When was Remedy Pharmaceuticals founded?

Remedy Pharmaceuticals was founded in 2004 and raised its 1st funding round 6 years after it was founded.

Where is Remedy Pharmaceuticals located?

Remedy Pharmaceuticals is headquartered in New York, United States. It is registered at New York, New York, United States.

Is Remedy Pharmaceuticals a funded company?

Remedy Pharmaceuticals is a funded company, having raised a total of $22.76M across 7 funding rounds to date. The company's 1st funding round was a Series C of $1.02M, raised on Sep 08, 2010.

How many employees does Remedy Pharmaceuticals have?

As of Dec 31, 2022, the latest employee count at Remedy Pharmaceuticals is 6.

What does Remedy Pharmaceuticals do?

Remedy Pharmaceuticals was founded in 2004 in New York, United States, within the pharmaceuticals sector. Operations center on the development and commercialization of Cirara, a patented intravenous inhibitor targeting channels upregulated in ischemic and traumatic injuries. Conditions addressed include ischemic and hemorrhagic stroke, traumatic brain injury, spinal cord injury, and other ischemic events. Delivery occurs bedside or in ambulances via proprietary MPD technology for targeted dosing.

Who are the top competitors of Remedy Pharmaceuticals?

Remedy Pharmaceuticals's top competitors include Sutro Biopharma, Synthego and Avidity Biosciences.

What products or services does Remedy Pharmaceuticals offer?

Remedy Pharmaceuticals offers CIRARA.

Who are Remedy Pharmaceuticals's investors?

Remedy Pharmaceuticals has 4 investors. Key investors include Biogen, The Vertical Group, Broadview Ventures, and Green Circle Capital Partners.

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