Faze Medicines, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Faze Medicines, Inc. - overview
Established
2020
Location
Cambridge, MA, US
Primary Industry
Biotechnology
About
Faze Medicines, Inc. is a biotechnology company focused on developing innovative therapeutic solutions for various health conditions, utilizing advanced research and technology to enhance patient outcomes. Faze Medicines, Inc. was founded in 2020 in Cambridge, US.
The company develops groundbreaking therapies aimed at addressing unmet medical needs. Led by CEO Phil Vickers, who has a history in biotech innovation, the company successfully raised USD 30. 75 mn in Series A funding in December 2020, with Third Rock Ventures as the lead investor. The funding was achieved with participation from prominent investors including Novartis Venture Fund and Eli Lilly & Company.
The company's current valuation stands at USD 88. 93 mn. Faze Medicines, Inc. specializes in advancing therapeutic solutions designed to tackle various health challenges.
Its core offerings include innovative drug candidates that focus on enhancing treatment protocols within the healthcare sector. The company prioritizes addressing specific medical conditions, ensuring tailored solutions that meet the needs of healthcare providers and patients alike. The company primarily serves clients in North America, Europe, and Asia, aligning its products with regional healthcare requirements and regulations. Faze Medicines, Inc.
generates revenue through a model that combines direct sales and strategic partnerships with healthcare providers. The company maintains a structured pricing strategy that includes subscription-based access to ongoing support and product updates. This approach fosters long-term relationships with healthcare institutions, enabling them to leverage the company's therapeutic solutions effectively while ensuring a steady income stream for Faze. Faze Medicines, Inc.
is focused on expanding its product pipeline, with plans to launch several new therapeutic candidates aimed at specific health conditions by 2022. The company is also targeting expansion into additional markets in Europe and Asia by 2023, seeking to establish a broader presence in the global healthcare landscape. The recent Series A funding of USD 30. 75 mn will be utilized to support these initiatives, driving research, development, and market entry strategies to enhance the company’s growth trajectory.
Current Investors
Novartis Venture Fund, Alexandria Venture Investments, Invus [DUP]
Primary Industry
Biotechnology
Sub Industries
Molecular Science, Genetics & Gene Therapy, Pharmaceutical Research & Development
Website
www.fazemed.com
Company Stage
Series A
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.