PharmCADD

Overview
News
AI Drug Discovery?
Product stageSegments
Minimum Viable Product
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AI Drug Discovery & Development
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Go-to-Market
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AI SaaS | Drug Discovery
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Founded in 2019, PharmCADD is a South Korean drug discovery company that uses its Pharmulator platform to generate novel drugs. The platform incorporates deep learning, molecular dimension simulation, quantum computation, and network theory. The company claims that Pharmulator can generate potent but less toxic synthetic small molecules. 

The company has four products in its pipeline: an anti-cancer drug, non-vitamin K antagonist oral anticoagulants (NOAC), drugs to treat Alzheimer’s, and a COVID-19 mRNA vaccine. The company claims that its mRNA vaccine has the same efficacy as Moderna through pre-clinical trials. Its other drug candidates are in the discovery stage. PharmCADD currently employs 50 people of which 34 members belong to R&D.

Funding and financials

In its latest funding round in April 2021, the company raised USD 16 million in Series B financing. The funds will be used for geographical expansion to India and the US, the development of its Pharmulator platform, and preclinical studies of existing drug candidates.

HQ location:
Busan KOR
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 19.8 mn
Last Funding:
USD 16.0 mn (Series B; Apr 2021)
Last valuation:
USD 34.5 mn (Aug 2020)
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