Companies · Biotechnology

NX Pharmagen Inc.

LOUISVILLE · Biotechnology

Diligence memoA one-page analyst read on NX Pharmagen Inc. — recommendation, valuation, rhythm, risks.
$3.3M
Total raised · real
4
Rounds
1.2×
Latest step-up
Top 65%
Sector rank · raised
Seed
Latest stage · inferred · Mon Oct 10 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

NX Pharmagen Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the biotech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.52× the median modeled value of Seed Biotechnology companies in 2022–2024 (207 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.7 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Biotechnology

NX Pharmagen Inc. is one of 4293 Biotechnology companies tracked from LOUISVILLE. By capital raised it ranks in the long tail (ahead of 36% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
19
Investors (latest)
2022-10-10
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$25M$50M$75M$100MSeed · 2010-07-01 Raised $1.5M (real) Modeled valuation $67M (est)$1.5M$67MSeed2010Seed · 2013-06-24 Raised $773K (real) Modeled valuation $34M (est)$773K$34MSeed2013Seed · 2020-08-17 Raised $486K (real) Modeled valuation $20M (est)$486K$20MSeed2020Seed · 2022-10-10 Raised $590K (real) Modeled valuation $7.4M (est)$590K$7.4MSeed2022+$773K+$486K+$590KCumulative $3.3M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.5M · 2010
Seed extension$773K · 2013
Seed extension$486K · 2020
Seed extension$590K · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$7.4M
Base estimate est.
$425K
Conservative case
$31.6M
Upside case
$3.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Seed · modeled $66.6M · 2010-07-012010Seed · modeled $34.3M · 2013-06-24Seed · modeled $20.1M · 2020-08-17Seed · modeled $7.4M · 2022-10-102022
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
32%
Survival probability
14% low · 50% high
1.74×/yr
Annual markup
2.28×/yr upside case
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
49 mo
Avg between rounds
$273K/yr
Capital velocity
16.0 yr
On record since
2010
First round
4
Rounds on file
How it compares to the market

Benchmarked against 4293 companies in Biotechnology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.5× of median
This company$3.3M
Sector median$7.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$590K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$7.4M
Sector median$64.2M

Raised more than 36% of sector peers (real $). Modeled value above 15% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #152 of 207.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Mesentech Inc. · Seed Raised $3.9M · modeled $65.7M (est)Marlinspike Therapeutics, Inc. · Seed Raised $3.5M · modeled $64.4M (est)Microbial Machines, Inc. · Seed Raised $3.9M · modeled $63.7M (est)Pearl Diagnostics, Inc. · Seed Raised $3.5M · modeled $62.9M (est)Crossfire Medical Inc · Seed Raised $3.0M · modeled $57.5M (est)Design Pharmaceuticals, Inc. · Seed Raised $3.0M · modeled $57.0M (est)Tekv Holdings LLC · Seed Raised $4.0M · modeled $55.5M (est)Mi-Helper, Inc. · Seed Raised $4.0M · modeled $50.9M (est)Thelium Therapeutics Inc. · Seed Raised $3.1M · modeled $50.7M (est)Turtle Health, Inc. · Seed Raised $2.7M · modeled $49.1M (est)Accufix Holdings, Inc. · Seed Raised $4.2M · modeled $46.7M (est)Kyttaro Ltd · Seed Raised $5.2M · modeled $45.5M (est)NX Pharmagen Inc. (this company) Raised $3.3M · modeled $7.4M (est)NX Pharmagen Inc.
CompanyStageRaised · realValue · estvs peer med.
Mesentech Inc.Seed$3.9M$65.7M4.61×
Marlinspike Therapeutics, Inc.Seed$3.5M$64.4M4.52×
Microbial Machines, Inc.Seed$3.9M$63.7M4.47×
Pearl Diagnostics, Inc.Seed$3.5M$62.9M4.41×
Crossfire Medical IncSeed$3.0M$57.5M4.04×
Design Pharmaceuticals, Inc.Seed$3.0M$57.0M4.00×
Tekv Holdings LLCSeed$4.0M$55.5M3.89×
Mi-Helper, Inc.Seed$4.0M$50.9M3.58×
Thelium Therapeutics Inc.Seed$3.1M$50.7M3.56×
Turtle Health, Inc.Seed$2.7M$49.1M3.45×
Accufix Holdings, Inc.Seed$4.2M$46.7M3.28×
Kyttaro LtdSeed$5.2M$45.5M3.20×
NX Pharmagen Inc. this companySeed$3.3M$7.4M0.52×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.5M2010-07-01$7.5M$66.6M85%
Seed$773K2013-06-24$3.9M$34.3M85%
Seed$486K2020-08-17$2.4M$20.1M90%
Seed$590K2022-10-10$3.0M$7.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.5M2010-07-01
    • First recorded raise — entered as Seed.
  2. Seed$773K2013-06-24
    • Raised again after 36 mo — slower than the ~14 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
  3. Seed$486K2020-08-17
    • Raised again after 86 mo — slower than the ~14 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 13 investors on this round.
  4. Seed$590K2022-10-10
    • Raised again after 26 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~49mo cadence
$716K
Modeled next size est.range $590K$1.1M
1.2×
Last step-up
$273K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Robert Saunders17 other2020-08
Brian Brohman3 other2020-08
Alan Ezrin2 other2020-08
Fred Mermelstein2 other2020-08
Alan M. Ezrin1 other2010-07
Robert M. Saunders1 other2013-06
Brian D. Brohman2010-07
Cedric M. Francois2013-06
Fred M. Mermelstein2013-06
Pascal M. Deschatelets2013-06
Registry & provenance

NX Pharmagen Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1508691
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
NX Development Corp.BiotechnologySeed$2.5M$31.1Mnetwork5 shared operators · same sector · same stage
Nexosome Oncology Holdings, Inc.PharmaSeed$3.7M$69.0Mnetwork3 shared operators · same stage
Progentec Diagnostics, Inc.BiotechnologySeed$2.5M$111.0Mnetwork1 shared operator · same sector · same stage
adHawk Inc.Other TechnologySeed$4.2M$85.0Mnetwork2 shared operators · same stage
Gut-Brain-Axis Therapeutics Inc.BiotechnologySeed$3.4M$4.6Msame sector · same stage
SiVEC Biotechnologies, Inc.BiotechnologySeed$3.3M$8.4Msame sector · same stage
Avalo, Inc.BiotechnologySeed$3.4M$9.7Msame sector · same stage
Voxcell BioInnovation Inc.BiotechnologySeed$3.3M$5.8Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Nexgel, Inc.BiotechnologySeed$37.6M90%
NRX Pharmaceuticals, Inc.BiotechnologySeed$12.3M90%
NERx Biosciences, Inc.BiotechnologyPre-Seed$4.8M89%
Nexeon Medsystems IncBiotechnologySeries B$46.2M89%
Ntxbio, LlcBiotechnologyPre-Seed$50.5M89%
Codagenix Inc.BiotechnologySeries B$323.7M88%
Nexo Therapeutics, Inc.BiotechnologySeries C$994.9M88%
NeuroX Innovations Inc.BiotechnologyPre-Seed$11.9M87%
Frequently asked
How much funding has NX Pharmagen Inc. raised?
NX Pharmagen Inc. has raised approximately $3.3M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is NX Pharmagen Inc.'s estimated valuation?
Provath's modeled valuation for NX Pharmagen Inc. is approximately $7.4M (modeled range $425K–$31.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NX Pharmagen Inc. at?
NX Pharmagen Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Oct 10.
What does NX Pharmagen Inc. do and where is it based?
NX Pharmagen Inc. operates in the Biotechnology sector, based in LOUISVILLE.
Explore related

See where NX Pharmagen Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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