Last deal

$3.2M

Amount

Venture - Series Unknown

Stage

04.06.2024

Date

2

all rounds

$5.93M

Total amount

date founded

Financing round

General

About Company
SciTech Development is a pharmaceutical company that develops breakthrough cancer treatments.

Industry

Sector :

Subsector :

Keywords :

Also Known As

SciTech

founded date

2001

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Their lead drug candidate, ST-001 nanoFenretinide, is a patented combination of their SDP and the cancer drug fenretinide, designed to treat diseases with limited therapeutic options. The company's drugs contain nanoparticle fenretinide formulation with immunotherapy effects, enabling medical practitioners to treat their patients with effective medications. SciTech Development aims to commercialize ST-001 and develop strategic partnerships with pharmaceutical companies to expand their existing drug portfolio in oncology, target new diseases, or develop combination drug therapies. They have achieved FDA approval for Phase 1a/b clinical trials, IRB approval from Rush University Medical Center, and Orphan Drug Designation for several T-cell lymphomas. Their SDP has potential applications for treating additional cancers and other diseases, and ST-001 has potential use as a companion therapeutic with other already approved drugs, with an affordable treatment cost to patients and payors.
Contacts
Legal Names

Legal name

SciTech Development LLC.
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Number of Funding Rounds

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Money Raised

Their latest funding was raised on 04.06.2024. Their latest investor Storm Lake Capital. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Storm Lake Capital

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Co-Investors
Investors
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2

Number of lead investors

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Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Undisclosed, Venture - Series Unknown
Yes
Undisclosed, Venture - Series Unknown
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Salvatore Buscemi

Salvatore Buscemi is a chief executive officer and co-founding partner at HRN.

People

Employee Profiles
8
Phil Robertson

Phil Robertson

Director Of Business Development

Brian Leyland Jones

Brian Leyland Jones

Chief Medical Officer & MD

Louis M. Scarmoutzos, Ph.D.

Louis M. Scarmoutzos, Ph.D.

Chief Operations Officer

Earle Holsapple

Earle Holsapple

President & CEO

Ali Moiin, M.D.

Ali Moiin, M.D.

Head of Clinical Affairs

Andrew Stumpf

Andrew Stumpf

Chief Financial Officer

David R. Schaffer

David R. Schaffer

Head of Investor Relations

Michael Burns, Ph.D.

Michael Burns, Ph.D.

Head of Product Development

Activity

Recent News
1