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HEALTHCARE | Drug Development
theramyt.com

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Stage

Series A | Alive

Total Raised

$4.5M

Last Raised

$4.5M | 8 yrs ago

About Theramyt Novobiologics

Theramyt generates unique biologic products combining its strengths in drug designing and platform technologies. The company applies its drug designing and platform technology strengths to deliver therapies for disease areas such as oncology, rheumatoid arthritis, diabetes and metabolic disorders.

Theramyt Novobiologics Headquarter Location

118/119 Prasad Enclave, Yeshwantpur Industrial Suburb 2nd Stage, 5th Main, Yeshwantpur

Bengaluru, 560 022,

India

Latest Theramyt Novobiologics News

Bangalore based bio-pharma enterprise Theramyt Novobiologics raises Rs.27.5 Cr funding

Oct 11, 2013

WhatsApp   Started in June this year by serial entrepreneurs Sohang Chatterjee and Kavitha Iyer Rodrigues, Theramyt, a niche Bangalore based, bio pharma enterprise has raised Rs.27.5 crores in funding from investors- Aarin Capital, Accel Partners, IDG Ventures and Karnataka state government-backed KITVEN. Theramyt Novobiologics is a niche Biosimilar to Biobetter development enterprise focused on combining drug designing with platform technologies, to generate unique product lines in oncology, rheumatoid arthritis and cardiovascular diseases to begin with. Elaborating on this funding round, Sohang Chatterjee, Director and CEO at Theramyt, said, “Biotech healthcare needs collaborative R&D and smart application of science to control the costs of healthcare and meet the therapy requirements of a wider population and disease type. Our pedigree and associations with current investors will help in addressing this need”. Kavitha Iyer Rodrigues Kavitha Iyer Rodrigues, Director and COO, adds, “With these associations, we look to leverage global expertise, M&A experience and support for operational excellence, which will position Theramyt as a key biotech healthcare player. Not just in India but also in the international markets.” Prior to starting Theamyt, Sohang and Kavitha successfully ran and exited out of Inbiopro Solutions Pvt Ltd, a global biotechnology enterprise. Passion to make a difference in healthcare drives this entrepreneurial duo. Interestingly, Sohang is an artist and Kavitha is a marathoner when they are not busy building their venture. Mahendran Balachandran On the investment in Theramyt, Mahendran Balachandran from Accel Partners said, “Biologics will be the cornerstone of healthcare,  offering patients more and better choices. Theramyt will be delivering some of the best biologic drugs at affordable prices in emerging markets, which have a significant unmet need combined with high costs of healthcare currently. Their vision to create a technology platform that can be utilised across a variety of different biologics makes the business more capital efficient and reduces a certain amount of development risk.” “Sohang and Kavitha are perhaps one of the very few entrepreneurs who have gone through a full cycle of building a biotechnology company and then successfully exiting. Their understanding of the business and the technical aspects of a complex space and being able to attract quality talent makes it very exciting for us to partner with them.” added Mahendran. Commenting on the duo, Mahendran said, “Accel has been involved with Sohang and Kavitha as investors in their previous venture. The advantage of having an experienced team who have gone through the process of building a company and successfully exiting was very evident in the manner in which they have approached building Theramyt right from the beginning.” Advertisement Free Download: ‘A beginner’s guide to app store optimization’ Investment in Thermyt goes on to prove that biotech in India is growing and the space is going to see some interesting action in the near future.” 0

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Expert Collections containing Theramyt Novobiologics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Theramyt Novobiologics is included in 3 Expert Collections, including Cancer.

C

Cancer

4,784 items

Pharmaceutical and biotechnology companies with cancer therapy drug candidates.

B

Biopharma Tech

5,238 items

Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.

D

Diabetes

1,750 items

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