Arrivo BioVentures
↗Morrisville, USA
Arrivo BioVentures is a privately held biopharmaceutical development company based in Morrisville, North Carolina. The company focuses on identifying and developing first-in-class or best-in-class biologics and small molecules to treat hard-to-treat diseases by targeting their root causes.
Arrivo operates as a holding company that provides management oversight and funding for its subsidiaries, including Sirtsei Pharmaceuticals, Inc. and Panafina, Inc. The company's business model involves sourcing and acquiring development candidates ready for early-stage clinical trials and advancing them through clinical proof-of-concept to achieve significant valuation inflection points.
CLASSIFICATION
Company Type:Biotech
Therapeutic Areas:
Industry:Biotechnology
Sub-Industry:CNS therapeutics, Gastroenterology
SIZE & FINANCIALS
Employees:1-50
Revenue:$1M-$5M
Founded:2015
Ownership:private
Status:operating
FUNDING
Stage:Series B
Total Raised:$45.3M
Investors:Orlando Health Ventures, Solas BioVentures, Rex Health Ventures, Jazz Pharmaceuticals
PIPELINE
Stage:Phase 2
Lead Drug Stage:Phase 2b
Modalities:Small molecule
Active Trials:2
Trial Phases:Phase 1: 1 | Phase 2: 1
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Subsidiaries:Sirtsei Pharmaceuticals, Inc., Panafina, Inc.
Key Partnerships:Firefly Neuroscience (BNA technology for SP-624 trials), Mayo Clinic (licensing), Daiichi Sankyo (licensing)
COMPETITION
Position:Emerging
LEADERSHIP
Key Executives:
Stephen E. Butts - CEO
Kelly Abernathy - COO
Joel Raskin - Chief Medical Officer
Scientific Founders:Stephen E. Butts, Bill Wofford, Dr. Michael Ackermann, Dr. Jed Black
LINKS
Website:arrivobio.com
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