๐Ÿ”ฅEarly Investing’s recent pick is 50% Funded: Phoenix PharmaLabs

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50% Funded: Phoenix PharmaLabs

$605k+ Raised | 776 investors | $99 min.

Phoenix PharmaLabs (PPL) aims to disrupt the $35Bn opioid market with non-addictive drugs that kill pain, not people, and could solve the opioid crisis. PPL is a preclinical drug discovery company dedicated to the development of potent, safe, non-addictive treatments for pain and addiction.
Deal Highlights
Recommended by Early Investing, a top investment newsletter
Received ~$3M in grants from the US Army and the National Institute of Health
Demonstrated 10x potency of morphine in preclinical animal studies of lead drug
Raising 2nd round of funding following a $1.1M oversubscribed round on Netcapital in 2019
Entering a $35Bn market
Developing potential treatments for acute pain, chronic pain, and addiction

Why Others Invested

What motivated your investment?
“Combatting the opioid epidemic through non-addictive painkillers. Being a service member myself, I know of fellow veterans, whether colleagues or close friends, who suffer from mental health problems or physical [problems] or even both. I feel convinced knowing the Army has provided Phoenix with a grant as well as the National Institute of Drug Abuse.”

What motivated your investment?
“I am a retired psychiatrist who has worked with those who use or are addicted to opioids and who have lost one or many more friends or family as a consequence of unintended opioid overdoses attributed to black market sources of either heroin or fetanyl. A non-addicting opioid offered legally on the market would put an end to such risks for those who have acute or chronic pain conditions.”

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