# Myonexus Therapeutics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/myonexus-therapeutics

- Industry: Biotechnology
- Headquarters: New Albany, US
- Website: www.myonexustx.com
- Total disclosed funding: $4M
- Latest round: Seed (Dec 13, 2017)
- Investors on record: 4

## About

Myonexus Therapeutics, Inc. is dedicated to developing gene therapies for rare muscular dystrophies, aiming to provide transformative solutions for patients with unmet medical needs in this specialized area of healthcare.Founded in 2017 and headquartered in New Albany, US, Myonexus Therapeutics, Inc. focuses on gene therapies designed to treat rare muscular dystrophies. In February 2019, the company was acquired by Sarepta Therapeutics, Inc. for USD 165 mn, marking a significant shift in its operational strategy. The acquisition was part of Sarepta's initiative to enhance its capabilities in gene therapy for rare diseases. This strategic move has positioned Myonexus as part of a larger organization focused on innovative treatments.Myonexus Therapeutics specializes in the development of gene therapies targeting rare muscular dystrophies. The company's product offerings are centered around addressing genetic defects causing these disorders, leveraging advanced gene editing technologies to deliver therapeutic benefits. As part of Sarepta Therapeutics, the products aim to meet the needs of patients suffering from these rare conditions, working directly with healthcare providers to facilitate treatment.Myonexus generates revenue through the commercialization of its gene therapies, primarily focusing on hospitals and healthcare providers involved in the treatment of rare muscular dystrophies. The revenue model is based on direct sales agreements, ensuring that affected patients have access to essential therapies that address their specific conditions. As part of Sarepta Therapeutics, it contributes to the overall revenue through flagship products that reflect the company's research and development investments.Myonexus Therapeutics plans to expand its product line with new gene therapies aimed at various muscular dystrophies, leveraging the resources and infrastructure of Sarepta Therapeutics to accelerate development timelines. Additionally, the company is set to explore new markets, particularly in Europe and Asia, by the end of 2024, responding to the growing need for treatment solutions in these regions. The recent acquisition funding will be utilized to enhance research capabilities and support clinical developments, ensuring that Myonexus remains at the forefront of innovative gene therapies.

## Funding rounds

- Seed, Dec 13, 2017, $2.5M — CincyTech, Rev1 Ventures, The Jain Foundation, GFB ONLUS
- Seed, Sep 29, 2017, $0.7M — Rev1 Ventures
- Seed, Jul 7, 2017, $0.8M — Rev1 Ventures

## Investors

- Rev1 Ventures (https://capitalatlas.ai/funds/rev1-ventures) — Seed
- CincyTech (https://capitalatlas.ai/funds/cincytech) — Seed
- The Jain Foundation — Seed
- GFB ONLUS — Seed