
Cypris Therapeutics
Chemistry-focused pharmaceutical start-up company.
Date | Investors | Amount | Round |
---|---|---|---|
* | $500k | Seed | |
Total Funding | 000k |
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Cypris Therapeutics, Inc. is a chemistry-focused pharmaceutical startup founded in 2024 and headquartered in Syracuse, New York. The company emerged from a collaborative effort between Ichor Life Sciences, a contract research organization, and Florida State University. The leadership team includes Co-Founder and CEO Kyle Parella, PhD, and Chief Science Officer Jim Frederich, PhD.
The firm operates in the drug discovery and biotechnology sectors, with a specific focus on oncology. Its business centers on developing treatments for therapeutically resistant cancers, such as brain, pancreatic, and colon cancers, which currently have limited effective treatment options. The company's revenue model will likely involve strategic partnerships, milestone payments, and royalties from the commercialization of its therapies, a common approach for biotechnology firms in the clinical development stage. A significant milestone was achieved in June 2024, when Cypris secured over $500,000 in a pre-seed funding round led by Ichor Life Sciences. This capital is intended to expand operations and accelerate development efforts. As part of this strategic partnership, Cypris will incubate at Ichor's facilities, gaining access to advanced equipment and expertise in drug discovery and development.
Cypris Therapeutics' core asset is its proprietary synthetic chemistry technology. This platform enables the synthesis and modification of complex small molecule moieties inspired by compounds found in nature that have known therapeutic properties. By iterating on these natural molecules, the company aims to enhance their therapeutic effects and reduce undesirable side effects, which has been a challenge for traditional medicinal chemistry. This approach holds the potential to create a new standard of care for patients who do not respond to existing treatments. One of the company's developments for treating glioblastoma, a form of brain tumor, has shown 60% greater effectiveness than current options with minimal toxicity in early findings.
Keywords: drug discovery, synthetic chemistry, oncology therapeutics, small molecule synthesis, cancer treatment, glioblastoma therapy, pancreatic cancer research, Ichor Life Sciences, Florida State University, Kyle Parella, preclinical therapeutics, natural product chemistry, life sciences startup, biotechnology, resistant cancers, drug development, pharmaceutical startup, next-generation therapies, clinical needs