# Dimerix Bioscience

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dimerix-bioscience

- Industry: Pharmaceuticals
- Headquarters: Melbourne, Australia
- Website: www.dimerix.com
- Total disclosed funding: $0.8M
- Latest round: Series A (Sep 15, 2005)
- Investors on record: 2

## About

Dimerix Bioscience is a biopharmaceutical company focused on developing innovative therapies to address significant unmet needs in inflammatory diseases, particularly related to kidney and respiratory conditions.Founded in 2004 and headquartered in Melbourne, Australia, Dimerix Bioscience specializes in developing biopharmaceutical products. The company was involved in three deals, with the most recent occurring on July 3, 2015, when it was acquired by Sun Biomedical Limited. The CEO, Nina Webster, leads the firm, which is known for its focus on drug development for rare kidney diseases.Dimerix Limited specializes in developing biopharmaceutical products aimed at addressing significant unmet needs in inflammatory diseases, particularly kidney and respiratory conditions. The company’s lead product, DMX-200, is currently undergoing Phase 3 clinical trials for its application in treating Focal Segmental Glomerulosclerosis (FSGS), a rare kidney disease. This investigational medication leverages Dimerix’s proprietary Receptor-HIT technology, which identifies and develops drugs that target specific receptor interactions to improve therapeutic outcomes. Dimerix aims to commercialize its products in global markets, focusing on regions with high demand for effective treatments for complex inflammatory diseases. The company fosters collaborations with various healthcare stakeholders, including research institutions and pharmaceutical partners, to enhance the development and distribution of its therapies.Dimerix Limited operates through a structured transaction model primarily involving collaborative partnerships and agreements with pharmaceutical companies and research institutions. In 2015, the company reported revenue of USD 20,472.80 and an EBITDA of USD -447,759.90. Revenue generation is anticipated to stem from successful clinical development milestones related to DMX-200, as well as potential licensing agreements or joint ventures that facilitate market entry for its therapies. Through these partnerships, Dimerix may engage in B2B transactions, collaborating with larger pharmaceutical entities for distribution and commercialization efforts.Dimerix is focused on launching its lead product DMX-200, expected to progress through clinical development milestones that will enhance its market readiness. The company is targeting expansion into global markets with high demand for therapies addressing inflammatory diseases. Recent funding of USD 1.40 mn will support these initiatives, including furthering the development of DMX-200 and pursuing strategic partnerships to aid in the commercialization of its products.

## Funding rounds

- Series A, Sep 15, 2005, $0.8M — Foundation Capital, Stone Ridge Ventures

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A
- Stone Ridge Ventures (https://capitalatlas.ai/funds/stone-ridge-ventures) — Series A