32 Biosciences

Diversified life science company focused on Gut Microbiome medicine

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Security Type
Crowd SAFE
Min Investment
$300
Location
ILLINOIS, IL
Offering Date
June 24, 2024
Expected Close Date
December 20, 2024
Target Raise
$50.00K-$618.00K
No. Investors
239
Security Price
$1
Number of Employees
4
Cash
$3,277
Revenue
$0
Short Term Debt
$116
Cost of Goods
$0
Long Term Debt
$0
Net Income
$3,111

Company Description

Modern medicine has a measurement for almost every critical function in our body - cholesterol, glucose, blood pressure, heart function, lung capacity.

Yet when a patient walks into a doctors office suffering from persistent digestive issues, it’s still a guessing game. A patient might be told to take an antacid, handed a stronger prescription version, encouraged to try probiotics, or simply to “change your diet”.

The reality is doctors don’t have a good way to identify the root cause of the problem, leaving patients frustrated and conditions unresolved.

It’s a condition medically known as Dysbiosis, an unhealthy imbalance in the gut microbiome. Tens of millions suffer from it unknowingly.

Key Deal Facts

Innovative Science: 2 Platform Technologies from The University of Chicago
Experienced Leadership and Strong Team: Former J&J and Abbott Executives
Three Scientific Founders: Gut Microbiome World Experts
Differentiation and Competitive Advantage: Category Defining Technologies
Large Market Opportunities: $19.4B Total Available Market and Growing
Peak Year Sales Projection: $6.8B Platform Technologies Lead Indications
Strategy: Reduce Risk, Increase Reward, Create Investor Exit Optionality

Management Team / Advisory Board Bios

Peter Farmakis
CEO, Board Member

Brian Yoor
Board Member

Jaime Contreras
Board Member

Patrick Hennessey
EVP, Chief Business and Strategy Officer

Dr. John Alverdy
Scientific Founder

Dr. Eugene Chang
Scientific Founder

Joseph Pierre
Scientific Founder
Amount Raised : $509,498
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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