NMD Pharma

NMD Pharma

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Discovers and develops novel therapeutics for neuromuscular diseases. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$330—495m (Dealroom.co estimates Nov 2023.)
Company register number 36899069
Aarhus Central Denmark Region (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2016201720182019202020212022
Profit(<1m)(<1m)(5.5m)(8.5m)(9.9m)(13.6m)(12.3m)
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DateInvestorsAmountRound

€330k

Grant
N/A

€2.7m

Early VC

€38.0m

Series A
*

€35.0m

Valuation: €190m

Early VC
*

€75.0m

Series B
Total Funding$166m

Recent News about NMD Pharma

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More about NMD Pharma
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NMD Pharma is a biotech startup that specializes in the discovery and development of new treatments for neuromuscular diseases. These are conditions that affect the nerves that control your voluntary muscles, leading to muscle weakness and fatigue. The company's primary focus is on diseases such as myasthenia gravis, spinal muscular atrophy, Charcot-Marie Tooth’s disease, and sarcopenia.

NMD Pharma's unique approach involves the development of small molecule inhibitors that target specific ion channels in skeletal muscles. Ion channels are like gates in the cell membrane that allow ions to pass through, and they play a crucial role in muscle contraction. By targeting these channels, NMD Pharma's treatments could potentially improve muscle function in patients with neuromuscular diseases.

The company operates in the pharmaceutical market, serving patients suffering from these debilitating conditions. Their business model revolves around the research, development, and eventual commercialization of their novel therapeutics. They generate revenue through the successful development and sale of these drugs.

NMD Pharma has shown significant promise, raising $47M in one of the largest Series A funding rounds in Europe. This funding is being used to advance their drugs to human clinical trials. The company has also been recognized for its work, winning the EY Entrepreneur Of The Year 2022 in the Life Sciences category and the INCUBA award for 'Startup of the Year 2022'.

Keywords: Neuromuscular diseases, Drug development, Ion channels, Skeletal muscles, Myasthenia gravis, Spinal muscular atrophy, Charcot-Marie Tooth’s disease, Sarcopenia, Biotech startup, Clinical trials.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.