Cytonics

Johnson & Johnson-Backed Biotech

Company Information

Website:

https://cytonics.com/

Sector:

Biotechnology

Location:

Jupiter, FL

Cytonics Corporation is an emerging biotech company.

Backed by Johnson & Johnson, this company focuses on molecular diagnostics and therapeutic products for chronic musculoskeletal diseases. Its initial focus is on treating patients suffering from osteoarthritis.

Essentially, Cytonics is targeting these patients with a pair of technologies. The first is a test that assesses a subject’s risk of osteoarthritis. The second is a system that concentrates a special protein in the blood that can be used to treat damaged joints.

This system has treated more than 7,000 patients nationwide, and has been shown to alleviate pain and slow joint damage.

Cytonics is seeking capital to continue advancing these technologies, and to develop its latest discovery: a synthetic version of the blood protein that has the potential to cure osteoarthritis.

Team Background

Antonio Carvalho - CEO & CFO

Prior to joining the team at Cytonics, Antonio worked for 15 years at Novartis (NYSE: NVS), a global pharmaceutical company. While there, he served as Vice President of Finance of the Global Oncology Unit, and Vice President of Finance for the company’s U.S. Pharmaceutical Operations unit.

Before that, he was Senior Vice President of Wunderman, a digital marketing company, and Chief Financial Officer at Advantage Resourcing, a staffing company.

Antonio earned a Bachelor’s degree in Accounting from Iona College.

Gaetano Scuderi - Founder

Gaetano has been recognized as one of the top orthopedic surgeons in the U.S., having spent more than two decades in the field.

In addition to overseeing Cytonics, he practices orthopedic surgery in Jupiter, Florida. Prior to that, he was an assistant professor of orthopedic surgery at Stanford University.

Gaetano practiced spinal surgery at the University of California, San Diego, and began his career working at the University of Miami.

He earned a degree from SUNY Stony Brook and his M.D. from the University of Buffalo.

Joey Bose - President

Joey has more than 10 years of experience in investment banking, focusing on the Biotechnology and Life Sciences sectors.

He was the Vice President of Investment Banking for Affinia Capital, a company that helps raise money for businesses in the Energy and Life Sciences industries.

Before that, he was an investment banking associate for CG Capital Markets, an investment bank.

Joey spent three years as a graduate student researcher at Johns Hopkins University, and an additional year at the University of Virginia.

He earned his Bachelor’s degree in Biomedical Engineering from UVA and a Master’s in Bioengineering from Johns Hopkins.

Lewis Hanna - Chief Scientific Officer

Lewis has more than 40 years of experience leading biotech research teams for Fortune 500 pharmaceutical companies.

He was Director of Process Development for Alexion Pharmaceutical, and served the same position for Lexin Pharmaceutical Corporation.

Prior to that, he was a principal research scientist with R.W. Johnson Pharmaceutical Research Institute.

Lewis earned a Ph.D. in Biochemistry from City University of New York, and a Postdoctoral degree from Cornell.

Co-Investors

National Institutes of Health

An agency of the U.S. Department of Health and Human Services, the NIH is the primary agency of the United States government responsible for biomedical and health-related research. The NIH both conducts its own scientific research through its Intramural Research Program (IRP) and provides major biomedical research funding to non-NIH research facilities through its Extramural Research Program.

Raising
$1 million
Committed
$4.603 million (460%)
Current Valuation
$32.4 million Cap / 0% Discount
Min. Investment
$1000
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
  • $2.3 million
    2009-05-18
    Unknown
  • $1 million
    2011-03-04
    Unknown
Notable Investors
  • National Institutes of Health
Learn more on SeedInvest