Neomed Institute

Neomed Institute

Canada
NEOMED is a not-for-profit organization pioneering a new approach to drug development as a public-private partnership with government and biopharmaceutical companies. NEOMED is a response to the changing pharma R&D business model: in view of the considerable gap between basic research and later-stage drug development, we seek to create a bridge. We provide expertise and funding for academic labs and early biotechs, assisting them in bringing emerging therapeutic approaches to the stage of human proof of concept; at which point these de-risked projects will have gained significant value for NEOMED’s downstream partners.
Founded date
01/01/2011
# of employees
11-50
Company type
Non-profit

General & financials

Estimated revenue
$1M to $10M
# of funders
1
Founders
Philippe Walker
Industry group
Biotechnology, Health Care, Science and Engineering

Founding

Top 5 investors
Government of Canada, Investissement Quebec, Desjardins Venture Capital, Economic Development of Canada, adMare Bio Innovations
# of funding runds
3
Last founding
$25.000.000
Total funded
$45.700.000

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