Turn Therapeutics (2025)

Turn Therapeutics (2025)

About this raise

Turn Therapeutics, with a valuation of $162.56 million, is raising funds on StartEngine through Reg A+ crowdfunding. It is a pharmaceutical and medical device company known for its flagship formula, Hexagen Wound Dressing. Turn Therapeutics’ formula targets dermatological ailments, including moderate to severe eczema and toenail fungus, and has FDA marketing approvals in advanced wound and dermatitis management. The company has also developed its PermaFusion technology by fusing oil and water-soluble active ingredients to revolutionize drug delivery and is backed by three FDA clearances. Bradley Burnam founded Turn Therapeutics in January 2015. The current crowdfunding campaign has a maximum target of $18.2 million. The campaign proceeds will be used for research and development, marketing, and general and administrative expenses.

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Investment Overview

Committed this round: $54,746

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/31/2025
Close Date
Not Provided
Min. Goal
$991
Max Goal
$18,149,997
Min. Investment

$991

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$11.26

Pre-Money Valuation

$162,560,000

Company & Team

Company

Year Founded
2015
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Westlake Village, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Bradley Burnam
Title
CEO

Financials

 Revenue
$0
as of Jun '24
 Monthly Burn
$771,568
 Runway
1.1 months
as of Jun '24

Balance Sheet

Cash and Cash Equivalents

$885,113

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$1,594,184

Accounts Payable & Accrued Liabilities

$422,649

Long Term Debt

$0

Total Liabilities

$1,869,225

Total Stockholders' Equity

$-275,041

Total Liabilities and Equity

$1,594,184

Statement of Comprehensive Income Information

Total Revenues

$0

Costs & Expenses Applicable to Rev

$0

Depreciation and Amortization

$0

Net Income

$-9,258,820

Earnings Per Share - Basic

$-0.07

Earnings Per Share - Diluted

$-0.07

Auditor: SetApart
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$14,732,278
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2026 StartEngine $162,560,000 $54,746 Equity - Common Active RegA+
03/15/2025 StartEngine $123,605,918 $1,432,278 Equity - Common Funded RegCF
10/21/2024 StartEngine $122,527,672 $927,204 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Turn Therapeutics on StartEngine 2025
Platform: StartEngine
Security Type: Equity - Common
Valuation: $162,560,000
Price per Share: $11.26

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