BioClonetics Immunotherapeutics

BioClonetics Immunotherapeutics

Early Stage

Developing a Cure for HIV

Developing a Cure for HIV

Overview

Raised to Date: Raised: $386,766

Platform

Wefunder

Start Date

04/10/2017

Close Date

09/29/2017

Min. Goal
$200,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

30%

Year Founded

2009

Industry

Healthcare & Pharmaceuticals

Tech Sector

Location

Heath, Texas

BioClonetics Immunotherapeutics, with a valuation of $10 million, is raising funds on Wefunder. The company is developing the first cure for HIV through the use of monoclonal antibodies. BioClonetics Immunotherapeutics has created a cell line that produces an anti-HIV antibody called Clone 3 that neutralizes all clades and groups of HIV isolates. The company is working with world-class laboratories and expects to complete animal trials within 18 to 24 months. Dr. Joseph Cotropia founded BioClonetics Immunotherapeutics in December 2009. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1 million. The campaign proceeds will be used for the production of the recombinant Clone 3 antibody, testing of the recombinant antibody against HIV isolates, initiation of animal trials, and completion of animal trials.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-80,591

$-40,774

Summary Balance Sheet

FY 2016 FY 2015

Cash

$1,195

$226

Accounts Receivable

$0

$0

Total Assets

$1,195

$226

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 04/10/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
BioClonetics 11/01/2018 StartEngine $15,000,000 $265,300 SAFE Funded RegCF
BioClonetics Immunotherapeutics 09/29/2017 Wefunder $10,000,000 $386,766 SAFE Funded RegCF
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BioClonetics Immunotherapeutics on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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