Aether THERAPEUTICS
Early Stage
Breaking the Chains of Opioid Addiction
Overview
Raised: $65,559
Total Commitments ($USD)
Platform
Netcapital
Start Date
08/21/2024
Close Date
12/06/2024
Min. Goal
$10,002
Max. Goal
$800,032
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$3.68
Pre-Money Valuation
$17,486,944
Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
Aether THERAPEUTICS, with a valuation of $17.5 million, is raising funds on NetCapital. The company is developing safe opioid pain therapy without the fear of addiction. Aether THERAPEUTICS’s low-dose ATX-001 is focused on breaking the chain of addiction while not blocking pain relief or causing withdrawal and other adverse effects. ATX-001 is a metabolite of naltrexone and has undergone pre-clinical testing on canines with no toxic effects. Wolfgang Sadee founded Aether THERAPEUTICS in December 2017. The current crowdfunding campaign has a minimum target of $10,002.24 and a maximum target of $800,032. The campaign proceeds will be used for animal testing, initial production of API, hiring, legal fees, and patents.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$147,198 |
$-20,468 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$176,687 |
$16,530 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$182,422 |
$16,530 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/21/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Aether THERAPEUTICS | 12/06/2024 | Netcapital | $17,486,944 | $65,559 | Equity - Common | Active | RegCF |
No prior online funding rounds.
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