# RQx Pharmaceuticals

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

- Industry: Pharmaceuticals
- Headquarters: San Diego, US
- Website: www.rqxpharmaceuticals.com
- Total disclosed funding: $1.2M
- Latest round: Series A (Dec 3, 2010)
- Investors on record: 2

## About

RQx Pharmaceuticals is a biopharmaceutical company focused on developing innovative treatments for various diseases through advanced drug discovery and development techniques.RQx Pharmaceuticals, founded in 2010 in San Diego, US, specializes in biopharmaceutical innovations. The company successfully raised USD 1.00 mn in Series A financing from Avalon Ventures on December 3, 2010. The firm has completed a total of 2 deals to date.RQx Pharmaceuticals develops a range of biopharmaceutical products aimed at treating various medical conditions. Their core offerings include novel drug candidates designed to address unmet medical needs, with ongoing research in areas such as oncology and autoimmune diseases. The company works closely with healthcare professionals and research institutions to enhance therapeutic efficacy and patient outcomes, while their product pipeline is continually updated as new findings emerge.RQx Pharmaceuticals generates revenue primarily through partnerships with research institutions and potential licensing agreements for their drug candidates. The firm has structured its financial model to accommodate various stages of drug development, leveraging initial funding to support research and development costs. Their flagship projects, currently in different phases of clinical trials, are expected to contribute significantly to future revenue streams as they advance through regulatory processes.RQx Pharmaceuticals plans to leverage its recent funding of USD 1.00 mn raised in Series A financing to enhance its research capabilities and expedite the development of its drug pipeline. The firm aims to launch new drug candidates by 2025, targeting specific therapeutic areas, including oncology and autoimmune diseases. Additionally, RQx Pharmaceuticals is exploring expansion into European and Asian markets, with targeted entry by 2026 to broaden its impact and collaboration potential internationally.

## Funding rounds

- Series A, Dec 3, 2010, $1M — Avalon Ventures
- Series A, Nov 19, 2010, $0.2M — Avalon Ventures, Correlation Ventures

## Investors

- Avalon Ventures (https://capitalatlas.ai/funds/avalon-ventures) — Series A
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A