WinSanTor

WinSanTor

Growth Stage

Developing The First Disease Modifying Drug to Regenerate Peripheral Nerves

Developing The First Disease Modifying Drug to Regenerate Peripheral Nerves

Overview

Raised to Date: Raised: $191,502

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/01/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$618,000
Min. Investment

$1,000

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$500,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/26/2024

Days Remaining

2

% of Min. Goal

383%

% of Max. Goal

31%

Likelihood of Max
unlikely
Avg. Daily Raise

$712

# of Investors

52

Momentum
cool.svg
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Year Founded

2011

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

San Diego, California

Business Type

Growth

WinSanTor, with a valuation of $500 million, is raising funds on Wefunder. The company is developing the world’s first drug to regenerate peripheral nerves and modify peripheral neuropathy. WinSanTor has patented its breakthrough science, proof of mechanism, and repurposed API and is in Phase 3 of clinical studies. Most of WinSanTor’s drug development has been funded by peer-reviewed government programs and will soon be sent for drug approval. Nigel Calcutt, Paul Fernyhough, and Lakshmi P. Kotra founded WinSanTor in December 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for drug manufacturing, toxicity trials, and automating review of biological samples.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$11,945,627

$7,235,609

COGS

$404,904

$1,036,219

Tax

$0

$0

 

 

Net Income

$-1,899,492

$-832,913

Summary Balance Sheet

FY 2022 FY 2021

Cash

$576,026

$446,574

Accounts Receivable

$245,623

$1

Total Assets

$941,494

$454,257

Short-Term Debt

$7,823,666

$2,227,726

Long-Term Debt

$61,496

$3,584,968

Total Liabilities

$7,885,162

$5,812,694

Financials as of: 08/01/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
WinSanTor 04/28/2024 Wefunder $500,000,000 $191,502 SAFE Active RegCF
WinSanTor 04/27/2020 StartEngine $75,000,000 $32,651 Convertible Note Not Funded RegCF
WinSanTor 03/19/2019 Wefunder $70,000,000 $596,649 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Analyst Report

Synopsis

Peripheral Neuropathy is a common condition that affects 20 million people in the U.S. alone. It is caused by damage to the peripheral nerves, which send signals between the brain, spinal cord, and the rest of the body. This nerve damage can result in various symptoms, including pain, numbness, and weakness, usually in the hands and feet. Diabetic peripheral neuropathy (DPN) is a type of neuropathy that affects people with diabetes. It is a major complication of diabetes and can lead to foot ulcers and amputations. Current treatments for DPN only manage the symptoms and do not address the underlying nerve damage.

WinSanTor is a clinical-stage pharmaceutical company developing a drug to treat DPN. The company's drug is designed to regenerate peripheral nerves and thus modify the course of DPN. This would be the first drug of its kind, as current treatments only manage the symptoms of DPN and do not address the underlying nerve damage.

WinSanTor's drug is currently in Phase 3 of clinical trials. The company has received over $25 million in funding from government and non-governmental organizations to support its research and development efforts. WinSanTor has patented its breakthrough science and the active pharmaceutical ingredient (API) used in its drug.

Next Section: Price

Price

WinSanTor is raising funds on Wefunder at a valuation of $500 million. While the company is in the growth stage and has promising drug development, this valuation appears to be significantly over-inflated. As a pre-revenue company, WinSanTor has not yet generated any revenue, and its product is still in Phase 3 of clinical studies. While the company has received funding from peer-reviewed government programs, the valuation of $500 million seems quite high for a company at this stage of development.

Investors should exercise caution when considering the investment opportunity in WinSanTor, as its current progress and financials may not justify the company's valuation. It is important to carefully evaluate the potential risks and returns associated with investing in a pre-revenue company in the healthcare industry. While developing a drug to regenerate peripheral nerves and modify peripheral neuropathy is promising, it is uncertain how successful the drug will be in clinical trials and gaining regulatory approval.

Furthermore, the lack of partnerships and VC investors may indicate limited external validation and support for the company's valuation. Investors should carefully assess the company's business model, market potential, and competitive landscape before making investment decisions.

Next Section: Market

Market

WinSanTor operates in the global peripheral neuropathy treatment market, which was valued at $1.8 billion in 2022. The market is projected to grow at a CAGR of 3.8% during the forecast period (2022-2030). The rising incidence of chronic diseases, the growing geriatric population, and increasing awareness regarding early diagnosis are expected to drive market growth during the forecast period.

Competition in this market is relatively low due to the difficulty of developing effective treatments for neuropathic conditions. Many attempted treatments for neuropathy have failed in clinical trials due to a lack of efficacy or safety concerns.

In conclusion, WinSanTor operates in a market with significant demand for new treatment options. If its drug is approved, it has the potential to gain substantial market share.

Next Section: Team

Team

WinSanTor was founded by a team of four individuals: CEO Stanley Kim, Co-founder Nigel Calcutt, Co-founder Paul Fernyhough, and Co-founder Lakshmi Kotra. The team brings a diverse set of skills and experiences to the company.

Stanley Kim, the CEO of WinSanTor, has over 11 years of relevant industry experience. He has previously led two companies to successful exits, demonstrating his ability to navigate the business landscape. Kim graduated from a top 100 university and has a strong background in management.

Nigel Calcutt, one of the co-founders, has over 12 years of relevant industry experience. While his specific role within the company is not mentioned, his expertise and contributions are valuable to the team. Calcutt is a part-time team member and brings his knowledge and experience to support the company's goals.

Paul Fernyhough, another co-founder, is a first-time founder with 12 years of relevant industry experience. While his role within the company is not specified, his experience contributes to the team's overall expertise. Fernyhough graduated from a top 100 university, indicating a strong educational background.

Lakshmi Kotra, the final co-founder, has 31 years of relevant industry experience. He brings high-level managerial skills to the team and has a strong educational background, having graduated from a top-100 university. Kotra's expertise is valuable in guiding the company's strategic direction.

The WinSanTor team is dedicated to developing drugs to treat diabetic peripheral neuropathy (DPN). They have successfully raised funds through peer-reviewed government programs and are currently in Phase 3 of clinical studies. With their combined expertise and commitment, the team is well-positioned to bring their drug to market and make a significant impact in the field of healthcare and pharmaceuticals.

Next Section: Differentiation

Differentiation

WinSanTor is positioned as a highly differentiated player in the healthcare and pharmaceutical industry, specifically treating diabetic peripheral neuropathy (DPN). The company is developing the world's first drug to regenerate peripheral nerves and modify peripheral neuropathy, a condition affecting millions globally. This unique offering sets WinSanTor apart from any established solutions currently available in the market.

WinSanTor has patented its breakthrough science, proof of mechanism, and repurposed API, which demonstrates the novelty and innovation of its drug development approach. The company is currently in Phase 3 of clinical studies, indicating significant progress toward marketing its drug. It's worth noting that most of WinSanTor's drug development has been funded by peer-reviewed government programs, further validating their solution's scientific and clinical potential.

With no established competitors in the market, WinSanTor has a clear advantage in addressing the unmet need for effective DPN treatments. Peripheral neuropathy is typically managed through painkillers, which only alleviate symptoms rather than address underlying nerve damage. WinSanTor's drug aims to not only reverse the damage but also prevent the progression of peripheral neuropathy through nerve growth. This unique mechanism of action positions WinSanTor as a disruptive force in the industry.

The high level of differentiation offered by WinSanTor is further reinforced by its strong intellectual property portfolio, including patents for its breakthrough science. This provides a significant barrier to entry for potential competitors, enhancing the company's market position and long-term growth potential.

Overall, WinSanTor's highly differentiated drug development approach, strong intellectual property portfolio, and disruptive potential position the company as a leader in addressing the unmet need for effective DPN treatments. As the company progresses through clinical studies and moves closer to drug approval, it has the potential to revolutionize the treatment landscape for peripheral neuropathy and improve the lives of millions of patients worldwide.

Next Section: Performance

Performance

WinSanTor is a clinical-stage company that develops drugs to treat diabetic peripheral neuropathy (DPN). The company has made significant progress in its product development, with a drug currently in Phase 3 of clinical studies. WinSanTor has patented its breakthrough science, proof of mechanism, and repurposed API, demonstrating its approach's uniqueness and innovation. The company aims to bring its first drug to patients within the next three years.

WinSanTor has received substantial funding from peer-reviewed government programs, with grants totaling $40 million. This funding has been instrumental in supporting the company's drug development efforts. The company's strong financial position is further evidenced by its cash and cash equivalents of $576,026 as of the most recent fiscal year-end.

While WinSanTor has not yet generated any revenue or secured any partnerships, its progress in product development is promising. The company's drug can potentially address a significant market opportunity in the global peripheral neuropathy treatment market. With its innovative approach and the potential to reverse nerve damage and symptoms of peripheral neuropathy, WinSanTor could disrupt the current treatment landscape.

As a clinical-stage company, WinSanTor is still in the growth stage and has not yet achieved profitability. However, its strong financial backing and progress in product development position it well for future success. Investors should closely monitor the company's clinical trials and regulatory approvals, as these milestones will be critical for its future commercialization and revenue generation.

Overall, WinSanTor's focus on addressing an unmet medical need and its progress in drug development make it an intriguing investment opportunity in the healthcare and pharmaceutical industry.

Next Section: Risk

Risk

Investing in WinSanTor carries risks that potential investors should know. The company is in the pre-revenue phase, and its product is still undergoing human trials. While the company has received significant funding from peer-reviewed government programs, there is still a risk that the drug may not obtain the necessary approvals for commercialization. Additionally, developing pharmaceutical drugs requires a substantial amount of time and capital, which increases the risk of delays and cost overruns.

Furthermore, WinSanTor will likely face legal issues due to the complex regulatory landscape associated with drug development and approval. Any legal challenges or regulatory hurdles could significantly impact the company's timeline and financial position.

Financially, the company has a negative net income and relies on external funding to support its operations. The high burn rate and lack of revenue generation indicate that WinSanTor will likely require additional financing.

Overall, while WinSanTor's groundbreaking drug development shows promise, investors should carefully assess the risks associated with the lengthy development process, regulatory challenges, and the potential need for additional funding.

Next Section: Bullish Outlook

Bullish Outlook

WinSanTor is positioned to revolutionize the treatment of peripheral neuropathy, a condition affecting millions worldwide. The company is developing the world's first drug that regenerates peripheral nerves and modifies the underlying disease.

WinSanTor's drug development has been supported by significant government funding for over $40 million. This strong financial backing demonstrates the confidence that both the scientific community and funding organizations have in WinSanTor's potential to make a significant impact in the field of peripheral neuropathy treatment.

WinSanTor is currently in Phase 3 of clinical studies, indicating that the drug is progressing toward commercialization. This milestone is crucial to bringing the drug to patients within the next three years. With no direct competitors, WinSanTor has a unique advantage in addressing the unmet needs of individuals suffering from peripheral neuropathy.

The addressable market for peripheral neuropathy treatment is global, representing a significant opportunity for WinSanTor to capture market share. Despite the low market potential mentioned in the provided details, the prevalence of peripheral neuropathy and the lack of effective treatment options present a compelling case for the success of WinSanTor's drug.

The company's strong intellectual property portfolio, including patents for its breakthrough science and repurposed API, creates high barriers to entry for potential competitors. This positions WinSanTor as a leader in developing innovative solutions for peripheral neuropathy treatment.

In summary, WinSanTor's groundbreaking drug development, significant funding support, and lack of direct competition make it an attractive investment opportunity. The company's focus on addressing a global unmet medical need and its progress in clinical studies further support a bullish outlook for the future.

Next Section: Bearish Outlook

Bearish Outlook

WinSanTor is an ambitious clinical-stage company aiming to develop the world's first drug to regenerate peripheral nerves and modify peripheral neuropathy. While this is an innovative and potentially groundbreaking endeavor, several factors raise concerns about the company's outlook.

Firstly, WinSanTor is currently in a pre-revenue phase, meaning it has not yet generated any revenue from its product or services. This lack of revenue, combined with the company's negative net income of nearly $1.9 million, indicates a significant financial strain. With no proven revenue model or growth since the last funding round, it is uncertain when or if WinSanTor will be able to generate substantial profits.

Furthermore, with a valuation of $500 million, it is important to note that this valuation is based on potential rather than actual performance. With no revenue and an unproven drug still in Phase 3 clinical studies, a considerable risk is associated with investing in WinSanTor at its current valuation.

Additionally, while the company has secured patents for its breakthrough science and proof of mechanism, it lacks partnerships, which could hinder its ability to gain traction and successfully bring its drug to market. The absence of partnerships may indicate a lack of industry support or confidence in the company's approach.

Given the company's pre-revenue stage, lack of partnerships, and uncertain path to profitability, investors should carefully evaluate the risks associated with investing in WinSanTor at its current valuation.

Next Section: Executive Summary

Executive Summary

WinSanTor is a clinical-stage biotech company focused on developing a pioneering treatment for diabetic peripheral neuropathy (DPN), a condition characterized by nerve damage in the peripheral nervous system. The company's drug, currently in Phase 3 clinical trials, is designed to regenerate peripheral nerves and modify the progression of peripheral neuropathy. This innovative approach could potentially revolutionize the treatment of DPN, offering a disease-modifying solution where only symptomatic treatments currently exist.

The company's robust intellectual property portfolio, including patented science and a repurposed API, provides a competitive edge in the global peripheral neuropathy treatment market. WinSanTor has already attracted significant funding through government programs, a testament to the potential impact of its groundbreaking drug.

However, WinSanTor is still in the pre-revenue stage, with no product yet. The company's financials reveal a high monthly burn rate and a net income loss in the most recent fiscal year, indicating a high-risk investment at this stage. Additionally, the company's valuation of $500 million may seem overinflated, given its current stage of development and lack of revenue.

Overall, WinSanTor presents a high-risk, high-reward investment opportunity. The success of its drug in clinical trials and potential market approval could significantly disrupt the DPN treatment landscape and deliver substantial returns. However, the inherent risks of drug development and the company's financial health should be carefully considered.

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WinSanTor on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $500,000,000

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