Eleison Pharmaceuticals

Eleison Pharmaceuticals

Open  for investment

About this raise: Eleison Pharmaceuticals, with a valuation of $75 million, is raising funds on StartEngine. The company is developing advanced solutions for rare cancers, including small-cell lung cancer, pancreatic cancer, brain cancer, and bone cancer. Eleison Pharmaceuticals has one drug candidate in a Phase 3 trial, two other drug candidates Phase 3 ready, and aims to reach commercialization by 2026-27. Edwin J. Thomas founded Eleison Pharmaceuticals in October 2009. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.24 million. The campaign proceeds will be used for clinical development, manufacturing, working capital, and general corporate purposes.

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Investment Overview

Committed this round: $621

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/08/2025
Close Date
04/09/2025
Min. Goal
$124,000
Max. Goal
$1,235,000
Min. Investment

$600

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$75,000,000

Discount

25%

Company & Team

Company

Year Founded
2009
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Princeton, New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Edwin Thomas
Title
CEO and President

Financials

as of December 1, 2023
 Revenue
$0
 Monthly Burn
$100,000
 Runway
0.1 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,551,149

$-4,722,763

Summary Balance Sheet

FY 2023 FY 2022

Cash

$10,380

$20,972

Accounts Receivable

$0

$0

Total Assets

$729,464

$729,556

Short-Term Debt

$3,326,969

$3,557,680

Long-Term Debt

$2,470,118

$1,108,677

Total Liabilities

$5,797,087

$4,666,357

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$25,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/09/2025 StartEngine $75,000,000 $621 Convertible Note Active RegCF
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Add to portfolio
Eleison Pharmaceuticals on StartEngine 2025
Platform: StartEngine
Security Type: Convertible Note
Valuation: $75,000,000

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Follow Eleison Pharmaceuticals on StartEngine 2025

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