Asmacure Ltée develops proprietary compounds that target cholinergic receptors for the treatment of pulmonary airway diseases.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Quebeck
State: Tennessee
Zip:
Country: United States
Asmacure Ltée is a clinical-stage biopharmaceutical company focused on the development of novel, proprietary compounds that target cholinergic receptors for the treatment of inflammation, notably pulmonary airway diseases. The company’s lead compound, ASM-024, has a novel multi-functional mechanism of action with nicotinic and muscarinic effects. ASM-024 has demonstrated the capabilities of anti-inflammation, bronchoprotection, and smooth muscle relaxation in pre-clinical asthma models. Administered as a solution for nebulization in asthma patients, ASM-024 demonstrated clinical proof of concept in a phase 2 trial with significant effects on FEV1 and methacholine PC20. Asmacure has advanced ASM-024 into the clinic for the treatment of moderate asthma and COPD with a dry powder for inhalation (DPI) formulation. The DPI is a preferred dosage form for many patients and should allow ASM-024 to be delivered with greater lung deposition yielding the potential for a lower and more optimal dose. Asmacure was founded by Dr. Yvon Cormier, a noted pulmonologist, and Dr Evelyne Israel-Assayag in 2002 and is based in Quebec City, Quebec, Canada.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 5/2007 | Series A | 3 | $9M |
Domain Associates Fasken Martineau Innovatech Québec Domain Associates Fasken Martineau Innovatech Québec |
5/2011 | Venture Round | $4M | 2/2010 | Venture Round | $3.9M |
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