SciTech Development
Growth Stage
Advancing Cancer Treatment Through Safer Drug Delivery
Overview
Raised: $137,288
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/14/2022
Close Date
07/29/2022
Min. Goal
$9,999
Max. Goal
$4,999,998
Min. Investment
$275
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.75
Pre-Money Valuation
$63,928,290
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,009
# of Investors
101
Momentum
Funded
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Year Founded
2000
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
SciTech Development, with a valuation of $63.9 million, is raising funds on StartEngine. The pharmaceutical company is focused on advancing breakthrough cancer treatments. The company has developed SDP, its proprietary drug delivery platform, that helps to develop and deliver new and better drugs for cancers. SciTech Development is also on its way to beginning clinical trials for ST-001, a potential drug for the treatment of lymphoma. Earle Holsapple founded SciTech Development in March 2000. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $4,999,997.75. The campaign proceeds will be used for the FDA approval of ST-001 and the development of new drugs.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-357,642 |
$-276,167 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$133,834 |
$370,223 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$327,348 |
$493,530 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$1,567,867 |
$1,360,186 |
|
Total Liabilities |
$1,567,867 |
$1,360,186 |
Financials as of: 03/14/2022
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