CNS Pharma

CNS Pharma

Breakthrough technologies for central nervous system cancers

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Security Type
SAFE
Location
Houston, TX
Offering Date
March 13, 2018
Expected Close Date
June 11, 2018
Target Raise
$100.00K-$1.07M
Deal Notes
  • Funding goal: $100K – $1.07M
  • Investment size: min $250, max $107K
  • Deadline: June 11, 2018 (EDT)
  • Type of security: Crowd Safe
  • Discount: 16%

Company Description

Berubicin, was created at the MD Anderson Cancer Center by Dr. Waldemar Priebe. Dr. Priebe is the founder of CNS Pharmaceuticals. Berubicin is considered a breakthrough technology because Berubicin is the first anthracycline to cross the BBB and reach tumor cells in brain cancer patients. An anthracycline is a class of drugs that are among the most effective anticancer treatments ever developed and are effective against more types of cancer than any other class of chemotherapeutic agents for cancers like breast, ovarian, leukemia, lymphoma, testicular, and others. While this class of drugs has been extremely successful at treating even the most aggressive types of cancers, unfortunately in over 60 years of clinical research, anthracyclines have NEVER been shown to cross the blood-brain barrier (BBB) and impact deadly brain cancers… until now.

Key Deal Facts

CNS is developing Berubicin, a breakthrough drug for the treatment of the most deadly form of brain cancer.
Berubicin was created at MD Anderson Cancer Center, the largest cancer and research institute in the world.
Berubicin’s Phase I clinical trial yielded promising results showing clinical activity in 44% of patients*.
Berubicin is the first of its class of drugs to cross the blood brain barrier (BBB) and reach cancer cells in brain tumor patients.
Led by industry leading scientists and executives with decades of experience developing drugs and bringing medical products to market.
Signed a collaboration agreement with Reata Pharmaceuticals, a $700M+ NASDAQ listed company, to further advance the development of brain cancer technologies.
CNS intends to list on the NASDAQ in 2018.

Use of Proceeds

  • Intermediary fees: 5%
  • Regulation CF offering expenses: 6.34%
  • General working capital: 10.45%
  • Regulation A filings with SEC: 32.71%
  • Escrow account: 45.5%

Management Team / Advisory Board Bios

John Climaco
John M. Climaco, JD is the CEO of CNS Pharmaceuticals, Inc. For 15 years Mr. Climaco has served in leadership roles in a variety of healthcare companies. Recently Mr. Climaco served as the Executive Vice-President of Perma-Fix Medical S.A where he managed the development of a novel method to produce Technitium-99. Previously Mr. Climaco served as President and CEO of Axial Biotech, Inc., a DNA diagnostics company. In the process of taking Axial from inception to product development to commercialization, Mr. Climaco created strategic partnerships with Medtronic, Johnson & Johnson and Smith & Nephew. Mr. Climaco currently serves as a director of several public companies including Moleculin Biotech, Inc., pharmaceutical company focused on anti-cancer drug candidates. Mr. Climaco also served as a director of PDI, Inc., a provider of outsourced commercial services to pharma companies, and InfuSystem Holdings, Inc., the largest supplier of infusion services to oncologists in the US.

Dr. Sandra L. Silberman
Sandra L. Silberman, M.D., Ph.D. is the Chief Medical Officer of CNS Pharmaceuticals. Dr. Silberman is a Hematologist/Oncologist who earned her B.A., Sc.M. and Ph.D. from the Johns Hopkins University School of Arts and Sciences, School of Public Health and School of Medicine, respectively, and her M.D. from Cornell University Medical College, and then completed both a clinical fellowship in Hematology/Oncology as well as a research fellowship in tumor immunology at the Brigham & Women's Hospital and the Dana Farber Cancer Institute in Boston, MA. Dr. Silberman has played key roles in the development of many drugs including Gleevec™, for which she led the global clinical development at Novartis. Dr. Silberman advanced several original, proprietary compounds into Phases I through III during her work with leading biopharmaceutical companies, including Bristol-Myers Squibb, AstraZeneca, Imclone and Roche.

Matt Lourie
Matt Lourie, CPA is the CFO of CNS Pharmaceuticals, Inc. Mr. Lourie has extensive management, accounting and financial experience. Mr. Lourie served as an audit partner of the PCAOB registered firm MaloneBailey where he oversaw audits and financial reporting of SEC registrants. In addition, he served as the Corporate Controller of a public company with over 300 locations across the country. Mr. Lourie is a graduate of the University of Houston where he earned both his Bachelor of Business Administration - Accounting and his Masters of Science in Accounting.

Deal Notes

  • Funding goal: $100K – $1.07M
  • Investment size: min $250, max $107K
  • Deadline: June 11, 2018 (EDT)
  • Type of security: Crowd Safe
  • Discount: 16%
Amount Raised : $628,558
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Security Description

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