Company Profile

NovelMed Therapeutics Inc
Profile last edited on: 6/25/2019      CAGE: 474Y5      UEI: D5B7ANZ8LE45

Business Identifier: Small molecule and monoclonal antibody based therapeutics: novel therapies for orphan and non-orphan diseases
Year Founded
2003
First Award
2003
Latest Award
2021
Program Status
Active
Popularity Index
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Location Information

11000 Cedar Avenue Suite 135
Cleveland, OH 44106
   (216) 707-1776
   N/A
   www.novelmed.com
Location: Single
Congr. District: 11
County: Cuyahoga

Public Profile

NovelMed Therapeutics, Inc. is structured around developing novel therapies for orphan and non-orphan diseases with a specific focus on blocking certain parts of the immune system involved in the disease process. Utilizing the firm's proprietary portfolio of neutralizing monoclonal antibodies, NovelMed is targeting acute and chronic diseases with large market potential and unmet medical need.treatments for a range of devastating illnesses to include arthritis, cardiovascular disease, stroke, and cancer. NovelMed’s approach is to develop target specific monoclonal antibodies and small molecule therapies to provide maximum benefit to patients suffering from such diseases. Taking advantage of the fact that therapeutic monoclonal antibodies bind to a specific target and neutralizes that function which is apparently responsible for the disease in question. NovelMed has also developed small molecule therapies to provide treatments for multi-etiological disease such as arthritis. Using these two therapeutic approaches, NovelMed has developed a pipeline of products that will ensure maximum therapeutic benefit with the least amount of adverse effects. Operating a fully equipped research laboratory facility, the NovelMed team includes biochemists, molecular biologists, chemists, medicinal chemists, as well as experts in inflammation, cardiovascular, thrombosis, cancer, and FDA regulatory affairs. Specializing in complement-based therapies, over the last decade the firm has generated pre-clinical data and accumulated significant intellectual property to cover the discovery and development of NovelMed's humanized antibody platform; an exciting pipeline of therapeutic candidates - a portfolio of therapeutic antibodies target non-orphan and orphan diseases and have the potential for a better safety and efficacy profile than currently marketed drugs

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
10-14
Revenue Range
1M-1.5M
VC funded?
No
Public/Private
Privately Held
Stock Info
----
IP Holdings
25-49

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
2021 1 NIH $533,165
Project Title: Disease Modifying Treatment for Hemolytic Disorders
2021 1 NIH $300,000
Project Title: Treatment of Complement-Mediated Myelitis
2017 2 NIH $2,904,725
Project Title: Preclinical and Clinical Evaluation of Humanized Nm9405
2015 1 NIH $588,124
Project Title: Single Therapy for Wet Amd & Geographic Atrophy
2015 2 NIH $1,685,111
Project Title: Novel Treatments to Abolish Inflammatory Mediators in Hemodialysis

Key People / Management

  Rekha Bansal -- Founder, CEO and CSO

  Umesh R Desai

  Jeffrey Green -- Vice President, Clinical Affairs and Business Development