# Cantex Pharmaceuticals

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cantex-pharmaceuticals

- Industry: Pharmaceuticals
- Headquarters: Weston, US
- Website: www.cantex.com
- Total disclosed funding: $25M
- Latest round: Series D (Nov 20, 2014)
- Investors on record: 5

## About

Cantex Pharmaceuticals, Inc. focuses on developing innovative oral treatments for various cancer types and inflammatory lung diseases, enhancing patient compliance and care through its therapies.Cantex Pharmaceuticals, Inc. is dedicated to the development of innovative oral treatments for cancer and inflammatory conditions. Founded in 2002 in Weston, US, the company has engaged in 8 deals, with its most recent funding round being a Series D, which occurred on November 20, 2014, raising USD 13.50 mn from Domain Associates and other investors. The company is currently valued at USD 248.252 mn. Stephen Marcus serves as the CEO.Cantex Pharmaceuticals, Inc. specializes in the development of innovative, orally administered treatments aimed at addressing various cancer types and inflammatory lung diseases. Their core product, azeliragon, is an oral small molecule currently undergoing clinical trials for its efficacy in treating brain metastasis from breast cancer, pancreatic cancer, and nervous system cancers. This medication is designed to be safe and well-tolerated, providing a once-daily dosing option for patients, thereby enhancing compliance and convenience. Cantex's therapeutic focus also extends to inflammatory lung diseases, including severe pneumonia, asthma, and chronic obstructive pulmonary disease (COPD). The company aims to serve a global market, targeting healthcare providers and institutions involved in oncology and respiratory care.Cantex Pharmaceuticals operates within a clinical stage framework, primarily focused on the research and development of its flagship product, azeliragon. Revenue generation will be driven by partnerships with pharmaceutical distributors and healthcare providers, potentially involving B2B transactions where azeliragon is supplied to hospitals and clinics specializing in oncology and respiratory diseases. Transaction structures may include licensing agreements or partnerships for co-development, which will facilitate broader access to their therapies upon successful completion of clinical trials and subsequent approvals. Given that azeliragon is positioned for multiple cancer-related indications, future revenue could be derived from various sources within the healthcare ecosystem, aligning with standard pharmaceutical practices.Cantex Pharmaceuticals plans to expand its product portfolio, focusing on new indications for azeliragon, with specific timelines for clinical trial completion yet to be announced. The company is also looking to expand its market reach into new geographic regions, targeting oncology and respiratory care providers globally. The recent funding of USD 13.50 mn raised in November 2014 will support these initiatives, ensuring continued development and commercialization of its therapeutic offerings.

## Funding rounds

- Series D, Nov 20, 2014, $14M — Domain Associates
- Series B, Aug 17, 2006, $7.7M — Aurora Funds, CHL Medical Partners, Domain Associates, Research Corporation Technologies
- Series A, Aug 12, 2002, $4M — Academy Funds, Research Corporation Technologies

## Investors

- Academy Funds (https://capitalatlas.ai/funds/academy-funds) — Series A
- Research Corporation Technologies (https://capitalatlas.ai/funds/research-corporation-technologies) — Series A, Series B
- Aurora Funds (https://capitalatlas.ai/funds/aurora-funds) — Series B
- CHL Medical Partners (https://capitalatlas.ai/funds/chl-medical-partners) — Series B
- Domain Associates (https://capitalatlas.ai/funds/domain-associates) — Series B, Series D