Psilera

Psilera

Creating new drugs using a proprietary in-house drug discovery engine. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€727k—1m (Dealroom.co estimates Sep 2024.)
Tampa Florida (HQ)
  • Edit
DateInvestorsAmountRound

$2.5m

Seed
N/A

$130k

Grant
N/A

N/A

-
*

$200k

Seed
Total Funding€2.6m

Recent News about Psilera

Edit
More about Psilerainfo icon
Edit

Psilera is a biotechnology research company founded in 2019, with offices in New Jersey and Florida. The company is led by scientists and co-founded by women, focusing on developing next-generation medicines. Psilera specializes in creating and developing serotonergic compounds, which are chemicals that affect serotonin levels in the brain. These compounds have the potential to treat long-term cognitive diseases and improve the quality of life for patients.

The company operates in the pharmaceutical and biotechnology market, targeting clients such as medical researchers, pharmaceutical companies, and healthcare providers. Psilera's business model revolves around research and development (R&D) of novel compounds, securing patents, and collaborating with academic institutions. They have already filed 13 patents, with two issued, covering over 1 million unique compounds. This intellectual property can be licensed to pharmaceutical companies or used to develop new drugs, generating revenue.

Psilera's approach is rooted in the potential of natural medicines, including psychedelics, to address neurological diseases. They collaborate with scientific experts, such as Katie DeMarsh from the Medical College of Wisconsin, to advance their research. The company aims to unlock the power of these next-generation medicines to change how scientists and doctors view and treat the human mind.

In summary, Psilera is a pioneering biotech firm focused on developing innovative serotonergic compounds to treat cognitive diseases, leveraging a strong patent portfolio and scientific collaborations to drive its business.

Keywords: biotechnology, serotonergic compounds, patents, psychedelics, cognitive diseases, pharmaceutical, research, development, natural medicines, healthcare.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.