Formac Pharmaceuticals
Formac is a drug delivery company focused on the formulation of poorly soluble active pharmaceutical ingredients.
Business Model:
Revenue: $0
Employees: 1-10
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Detailed Formac Pharmaceuticals Information
Geographic Data
Address:
City: Heverlee
State: Vlaams-Brabant
Zip:
Country: Belgium
Financial Info
Stage:
grant
Raised Last:
$55k
Raised Total:$3M
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Description
Formac is a spin-off company from the University of Leuven, Belgium (K.U.Leuven), from which it has obtained the exclusive and worldwide rights to develop and commercialise ordered mesoporous silica materials for the delivery of poorly soluble API&s;s. The company was incorporated on 3 October 2007 and is privately owned. The main shareholders of Formac are K.U.Leuven, Allegro Investment Fund, Hunza Ventures, Gemma Frisius Fonds K.U.Leuven, Vinnof PMV and Life Sciences Research Partners VZW (formerly D. Collen Foundation). Since its incorporation Formac has signed more than 40 feasibility agreements with Tier 1 Pharma companies and SMEs in the field of human and veterinary medicine. To date, Formac is the only company that demonstrated the clinical relevancy of the silica based technology in a clinical setting.
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| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 11/2007 | Venture Round | $0 |
Allegro Investment Fund Gemma Frisius Fund Hunza Ventures Vinnof Allegro Investment Fund Gemma Frisius Fund Hunza Ventures Vinnof |
6/2015 | Grant | 1 | $54.6k |
EASME - EU Executive Agency for SMEs EASME - EU Executive Agency for SMEs |
11/2007 | Venture Round | 4 | $2.5M |
Allegro Investment Fund Gemma Frisius Fund Hunza Ventures Vinnof Allegro Investment Fund Gemma Frisius Fund Hunza Ventures Vinnof |
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