Biotechnology Company

Acusphere

0%

Funding Goal
Funding Raised So Far $10,000,000
Funding Commitments $0
Funding Remaining
Funding Type Common Equity
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Company Overview


Acusphere is a specialty pharmaceutical company, primarily focused on the development of Imagify (perflubutane polymer microspheres) injectible suspension, a cardiovascular drug for the detection of coronary artery disease. Acusphere is in the process of seeking regulatory approval of Imagify in Europe, and negotiating a Special Protocol Assessment with FDA for an additional trial required for U.S. approval. Imagify was created using Acuspheres proprietary porous microparticle technology, which was also used to create three other drugs which have begun clinical development AI-525 for acute pain, AI-850 for oncology and AI-128 for asthma. AI-525 and AI-850 were sold to Cephalon in transactions totaling $31 million. AI-128 was developed in collaboration with Elan, who contributed $7.5 million to the program. Acuspheres technology has the potential to create a wide variety of new drugs by reformulating hydrophobic drugs and creating sustained release formulations of existing drugs.

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Business Summary


Company Age
Employees
Sub-Industry
Prior Year Revenue
Current Year Revenue
Next Year Revenue

Management


Director Development
Robert Z......

Dr. Robert Z...... has over 20 years of drug discovery and development experience and currently serves as Vice President and Senior Fellow, Drug Development of Concert Pharmaceuticals, Inc.

Prior to joining Concert in July 2006 he held key positions at Scion Pharmaceuticals, Acusphere, Vertex Pharmaceuticals and Abbott Laboratories.

Before Concert, Dr. Z...... founded Bell Rock Associates, a pharmaceutical development consulting firm.

He also served as Vice President of Chemistry at Scion where he was responsible for discovery chemistry, manufacturing, intellectual property and regulatory submissions.

Before Scion, he was Senior Director of Regulatory Affairs and Product Development at Acusphere. In this role he was responsible for regulatory affairs, quality assurance, quality control and preclinical testing.

Dr. Z...... has been granted 24 U.S. patents with numerous pending U.S. applications. Dr.

Sherri C. Oberg
Sherri C......

Ms. Sherri C...... , a co-founder of Acusphere, has served as the President and Chief Executive Officer and one of the directors since inception in 1993. Prior to joining Acusphere, Ms. was President and Chief Executive Officer of Neomorphics, Inc., a venture capital backed company focused on tissue engineering. Prior to joining Neomorphics, she was a venture capitalist at Aegis Venture Funds, and at Inco Venture Capital Management. She was formerly a member of the board of directors and executive committee of the Massachusetts Biotechnology Council. Ms. is a Trustee of Dartmouth College and a member of the Board of Overseers of The Amos Tuck School at Dartmouth College. Ms. holds a B.A. from Dartmouth College and an M.B.A. from the Amos Tuck School of Business Administration.

Robert S. Langer
Robert S......

Robert S...... is the David H. Koch Institute Professor (there are 14 Institute Professors at MIT; being an Institute Professor is the highest honor that can be awarded to a faculty member). Dr. has written nearly 1,130 articles. He also has approximately 800 issued and pending patents worldwide. Dr. s patents have been licensed or sublicensed to over 220 pharmaceutical, chemical, biotechnology and medical device companies. He is the most cited engineer in history.


He served as a member of the United States Food and Drug Administrations SCIENCE Board, the FDAs highest advisory board, from 1995 - 2002 and as its Chairman from 1999 - 2002.

Dr.

Daniel Geffken
Daniel G......

Daniel E. G...... is the founder and managing director of Danforth Advisors, a consulting firm providing administrative, strategic and operational support to life science companies. He has more than 20 years of experience in the life science industry, with companies ranging from early startups to publicly-traded companies with over $1 billion market capitalizations. Previously, he served as chief operating officer or chief financial officer of four publicly-traded and four privately-held companies, in addition to his consulting clients, and was interim chief executive officer of a medical device company.

In these roles, he held management responsibility for finance, accounting, human resources, investor/public relations, facilities, legal, intellectual property and manufacturing functions. Mr.

Martyn G......

Mr. Martyn G...... formerly served as a director of Cephalon, Inc. and as Chairman of BMP Sunstone Corporation, a pharmaceutical company based in China which had grown to over $100 million in revenue since he joined at the formation stage in 2004 and was then sold to Sanofi-Aventis in February 2011. Mr. G...... also served as Chief Executive Officer and director of Delsys Pharmaceutical Corporation, a formulation and drug delivery system company; as President and Chief Executive Officer and as a director of Zynaxis Inc., a biopharmaceutical company; and as Chairman Europe, SmithKline Beecham Pharmaceutical Company. He joined SmithKline & French in 1973, where he held positions of increasing responsibility in its European organization. Mr. G...... serves as Chairman of Life Mist Technologies, Inc., a fire suppression equipment company, and as a director of Curis, Inc. and Neostem, Inc.

0%

Funding Goal
Funding Raised So Far $10,000,000
Funding Commitments $0
Funding Remaining
Funding Type Common Equity
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Documents


Contact


Acusphere

Lexington, MA 02420, US

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