Biophysical Therapeutics
Early Stage
Trying to develop a Drug to Slow Aging
Overview
Raised: $124,936
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/18/2023
Close Date
02/18/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$5,000,000
Valuation Cap
$6,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
78
% of Min. Goal
250%
% of Max. Goal
101%
Likelihood of Max
Avg. Daily Raise
$2,776
# of Investors
115
Momentum
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Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Biophysical Therapeutics, with a valuation of $6.5 million, is raising funds on Wefunder. It is a computational biology platform company with a pipeline of experimentally-validated new drugs. Biophysical Therapeutics is currently trying to develop a drug to slow aging and has a patented drug that slows metabolic rate and aging in mice. The company aims to receive approvals for its drug and license it to cosmetic companies for profit share. Dr. Michael Forrest founded Biophysical Therapeutics in October 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for drug synthesis and operating expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$90 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$90 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/18/2023
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