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Promosome

Description

Provider of a technical platform for protein synthesis for bio therapeutics. The company offers biotech based applications for increasing protein yields, development of DNA vaccines, gene therapy and basic research as well as development of diagnostic tests. Its proprietary mRNA engineering technology exploits features of the natural translation process in both prokaryotic and eukaryotic cells to produce proteins that are safer and more effective at lower cost.

2003

Founded

PRIVATE

Status

11-50

Employees

Series C

Latest Deal Type

$4.1M

Latest Deal Amount

$15.6M

Total Amount Raised

Description

Provider of a technical platform for protein synthesis for bio therapeutics. The company offers biotech based applications for increasing protein yields, development of DNA vaccines, gene therapy and basic research as well as development of diagnostic tests. Its proprietary mRNA engineering technology exploits features of the natural translation process in both prokaryotic and eukaryotic cells to produce proteins that are safer and more effective at lower cost.

Website:

www.promosome.com

Ownership Status

Privately Held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Diagnostic Equipment

Other Industries

Biotechnology

Primary Office

369 Lexington Avenue 17th Floor New York, NY 10017United States +1 (858) 622-1026
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    Promosome Valuation and Funding

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    Deal TypeDateAmountRaised to DatePost-ValStatusStage

    Promosome Investors (1)

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    Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
    Seat
    Contact
    Info
    Palisade Capital ManagementPE/BuyoutMinority000 0000000 0000
    Palisade Capital Management PE/Buyout

    Promosome Executive Team (5)

    NameTitleBoard
    Seat
    Contact
    Info
    John ManzelloCo-Chief Executive Officer, Board Member & President
    Christopher LeMastersCo-Chief Executive Officer & Board Member
    Loren BusbyChief Financial Officer & Board Member
    Vincent Mauro Ph.DCo-Founder, Senior Vice President & Chief Scientific Officer
    John Costantino JDSenior Advisor
    John Manzello Co-Chief Executive Officer, Board Member & President
    Christopher LeMasters Co-Chief Executive Officer & Board Member
    Loren Busby Chief Financial Officer & Board Member
    Vincent Mauro Ph.D Co-Founder, Senior Vice President & Chief Scientific Officer
    John Costantino JD Senior Advisor

    Promosome Board Members (8)

    NameRepresentingRoleSinceContact
    Info
    Christopher LeMastersPromosomeCo-Chief Executive Officer & Board Member000 0000
    David Solomon MDSelfBoard Member000 0000
    Edward RobinsonSelfBoard Member000 0000
    James JahnkePalisade Capital ManagementManaging Director, Private Equity000 0000
    Leo Kim Ph.DPromosomeBoard Member000 0000
    Christopher LeMasters Co-Chief Executive Officer & Board Member Promosome
    David Solomon MD Board Member Self
    Edward Robinson Board Member Self
    James Jahnke Managing Director, Private Equity Palisade Capital Management
    Leo Kim Ph.D Board Member Promosome
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