Quorum X Diagnostics

Rapid at-home test for COVID antigen Test.

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Security Type
SAFE
Categories
Technology, Healthcare & Medical, Life Sciences
Min Investment
$250
Location
Tucker, GA
Offering Date
May 27, 2020
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$387.28K
Security Price
$1
Deal Notes

25.0% discount

$25K+ pro rata right threshold

Valuation
$2,750,000
Website
quorumxdiagnostics.com
Number of Employees
3
Cash
$109,565
Revenue
$0
Short Term Debt
$138,558
Cost of Goods
$0
Long Term Debt
$75,728
Net Income
$-203,836

Company Description

We are building a rapid-take home test for COVID. It is a lateral flow test, "kinda" like a pregnancy test, but for COVID. It will identify COVID during the 2-12 day incubation period, BEFORE, or during the early onset of symptoms.

Perks

$250+ Handmade Thank you cards and upon EUA approval 1 COVID NOW tests.
$500+ Handmade Thank you cards and upon EUA approval 2 COVID NOW tests.
$1,000+ Handmade Thank you cards and upon EUA approval 4 COVID NOW Tests.
$10,000+ Tour of the lab and lunch with team members. (Flight not included) and upon EUA approval 4 COVID NOW Tests.

Key Deal Facts

This is will be the FIRST at-home COVID antigen test.
Identifies an active COVID infection in 15 minutes.
We have a working prototype & preliminary clinical data.
Our Team! Our team consists of 2 Ph.D. scientist founders and our 5 Active Advisers (all MD, PhDs, or MBA).
Incubators- YCombinator Online StartUp School Su18, Su19, and Su20 and John Hopkins Su18.

Use of Proceeds

If $50,000 is raised:

This will allow us to test the first set of patient samples.  Rent=1500, Equipment (Lateral flow printer and guillotine cutter) = 11,000, Team Stipend= 24,000 Supplies=9,500 Admin=1,500 WeFunder Admin Fees=2,500 

If $250,000 is raised:

Manufacturing=150,000, 3 CRO Nurses for Clinicals=40,000 FDA Application 5,500, App Developement=27,000, Supplies= 5,000 IRB=10,000, Wefunder Fee= 12,500

Management Team / Advisory Board Bios

Maria Nagy
CEO
I am a PhD microbiologist I built a hybrid research lab/class at GSU based on my graduate research. I ran it for 7 years. At My height, I had 21 researchers all doing independent projects.

Dr. Angel A. Rivera
CTO
Proud Graduate of UAB, seasoned scientist of 25yrs and he has published over 85 peer-reviewed journal articles over various topics.

Dr. Angel A. Rivera
CTO

Deal Notes

25.0% discount

$25K+ pro rata right threshold

Amount Raised : $66,250
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Security Description

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