Companies · Pharmaceuticals

Zurex Pharma, Inc.

MIDDLETON · Pharmaceuticals

Diligence memoA one-page analyst read on Zurex Pharma, Inc. — recommendation, valuation, rhythm, risks.
$30.1M
Total raised · real
6
Rounds
0.5×
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Thu Dec 14 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Zurex Pharma, Inc. looks fair 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 pharma sector profile.

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

Fair
  • Modeled value is 0.76× the median modeled value of Series A Pharmaceuticals companies in 2022–2024 (64 peers) — value vs value, same stage and era.
  • Within the normal band (76% of peer median) for its niche.
At-risk
  • Last raise 2.5 yr ago; this sector typically re-raises about every 13 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 Pharmaceuticals

Zurex Pharma, Inc. is one of 1610 Pharmaceuticals companies tracked from MIDDLETON. By capital raised it ranks in the upper tier (ahead of 74% 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.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
14
Investors (latest)
2023-12-14
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$125M$250M$375M$500MSeries A · 2012-05-17 Raised $6.2M (real) Modeled valuation $192M (est)$6.2M$192MSeries A2012Series A · 2014-06-23 Raised $4.1M (real) Modeled valuation $128M (est)$4.1M$128MSeries A2014Series A · 2016-08-02 Raised $6.2M (real) Modeled valuation $193M (est)$6.2M$193MSeries A2016Series A · 2018-05-25 Raised $2.2M (real) Modeled valuation $69M (est)$2.2M$69MSeries A2018Series A · 2020-06-04 Raised $7.5M (real) Modeled valuation $232M (est)$7.5M$232MSeries A2020Series A · 2023-12-14 Raised $3.8M (real) Modeled valuation $25M (est)$3.8M$25MSeries A2023+$4.1M+$6.2M+$2.2M+$7.5M+$3.8MCumulative $30M

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
Series A$6.2M · 2012
Series A extension$4.1M · 2014
Series A extension$6.2M · 2016
Series A extension$2.2M · 2018
Series A extension$7.5M · 2020
Series A extension$3.8M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$24.9M
Base estimate est.
$4.3M
Conservative case
$61.0M
Upside case
$17.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series A · modeled $192.0M · 2012-05-172012Series A · modeled $127.8M · 2014-06-23Series A · modeled $193.1M · 2016-08-02Series A · modeled $69.3M · 2018-05-25Series A · modeled $232.1M · 2020-06-04Series A · modeled $24.9M · 2023-12-142023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
28 mo
Avg between rounds
$2.6M/yr
Capital velocity
14.1 yr
On record since
2012
First round
6
Rounds on file
How it compares to the market

Benchmarked against 1610 companies in Pharmaceuticals. 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) 3.7× above median
This company$30.1M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.7× of median
This company$3.8M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$24.9M
Sector median$76.1M

Raised more than 74% of sector peers (real $). Modeled value above 31% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #38 of 64.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Hallux, Inc. · Series A Raised $20.0M · modeled $151.4M (est)Enalare Therapeutics Inc. · Series A Raised $23.5M · modeled $150.7M (est)Silver Creek Pharmaceuticals, Inc. · Series A Raised $12.6M · modeled $139.1M (est)NQ PE Project Stingray Parent, L.P. · Series A Raised $11.4M · modeled $131.6M (est)Acta Pharmaceuticals, Inc. · Series A Raised $13.4M · modeled $121.3M (est)Groff North America, LLC · Series A Raised $13.1M · modeled $105.8M (est)Hoth Therapeutics, Inc. · Series A Raised $33.7M · modeled $100.5M (est)Eyegate Pharmaceuticals Inc · Series A Raised $72.9M · modeled $92.5M (est)resistanceBio, Inc. · Series A Raised $12.8M · modeled $79.4M (est)T3D Therapeutics, Inc. · Series A Raised $30.0M · modeled $70.8M (est)Aspire BioPharma, Inc. · Series A Raised $10.0M · modeled $69.4M (est)Octagon Therapeutics, Inc. · Series A Raised $12.4M · modeled $68.2M (est)Zurex Pharma, Inc. (this company) Raised $30.1M · modeled $24.9M (est)Zurex Pharma, Inc.
CompanyStageRaised · realValue · estvs peer med.
Hallux, Inc.Series A$20.0M$151.4M4.65×
Enalare Therapeutics Inc.Series A$23.5M$150.7M4.62×
Silver Creek Pharmaceuticals, Inc.Series A$12.6M$139.1M4.27×
NQ PE Project Stingray Parent, L.P.Series A$11.4M$131.6M4.04×
Acta Pharmaceuticals, Inc.Series A$13.4M$121.3M3.72×
Groff North America, LLCSeries A$13.1M$105.8M3.25×
Hoth Therapeutics, Inc.Series A$33.7M$100.5M3.08×
Eyegate Pharmaceuticals IncSeries A$72.9M$92.5M2.84×
resistanceBio, Inc.Series A$12.8M$79.4M2.44×
T3D Therapeutics, Inc.Series A$30.0M$70.8M2.17×
Aspire BioPharma, Inc.Series A$10.0M$69.4M2.13×
Octagon Therapeutics, Inc.Series A$12.4M$68.2M2.09×
Zurex Pharma, Inc. this companySeries A$30.1M$24.9M0.76×
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.
Series A$6.2M2012-05-17$28.2M$192.0M85%
Series A$4.1M2014-06-23$18.8M$127.8M85%
Series A$6.2M2016-08-02$28.3M$193.1M85%
Series A$2.2M2018-05-25$10.2M$69.3M90%
Series A$7.5M2020-06-04$34.1M$232.1M90%
Series A$3.8M2023-12-14$17.2M$24.9M90%
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. Series A$6.2M2012-05-17
    • First recorded raise — entered as Series A.
    • 11 investors on this round.
  2. Series A$4.1M2014-06-23
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 13 investors on this round.
  3. Series A$6.2M2016-08-02
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 26 investors on this round.
  4. Series A$2.2M2018-05-25
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  5. Series A$7.5M2020-06-04
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • 18 investors on this round.
  6. Series A$3.8M2023-12-14
    • Raised again after 42 mo — slower than the ~13 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 14 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~28mo cadence
$3.8M
Modeled next size est.range $3.8M$6.0M
0.5×
Last step-up
$2.6M/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 B. Truitt5 other2012-05
Frederick A. Robertson2 other2014-06
Alexander M. Kasper1 other2014-06
Andrew M. Morgan1 other2016-08
Carmine J Durham1 other2012-05
Gary J Lehman1 other2012-05
Michael J. Liang1 other2016-08
R Andrew Morgan1 other2012-05
Connie A. Curran2014-06
Michael A. Liang2014-06
Robert Andrew Truitt2020-06
Roy A. Morgan2014-06
Roy Andrew Morgan2020-06
Registry & provenance

Zurex Pharma, 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
1551289
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
Zurex PharmAgra, LLCOther TechnologyPre-Seed$846K$35.9Mnetwork4 shared operators
Akava Therapeutics Inc.PharmaceuticalsSeries A$30.1M$37.0Msame sector · same stage
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DemeRx, Inc.PharmaceuticalsSeries A$28.7M$9.0Msame sector · same stage
Cristcot LLCPharmaceuticalsSeries A$31.6M$37.4Msame sector · same stage
Pharmazz, Inc.PharmaceuticalsSeries A$31.7M$34.4Msame sector · same stage
Biodexa Pharmaceuticals PlcPharmaceuticalsSeries A$27.1M$25.2Msame sector · same stage
Plx Pharma Inc.PharmaceuticalsSeries A$26.6M$40.2Msame 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
Medexus Pharmaceuticals Inc.PharmaceuticalsPre-Seed$18.9M84%
Delex Healthcare Group, Inc.PharmaceuticalsSeries B$340.8M84%
KinDex Pharmaceuticals, Inc.PharmaceuticalsSeries A$27.9M83%
TIXiMED, Inc.PharmaceuticalsPre-Seed$2.1M81%
Amorphex Therapeutics Holdings Inc.PharmaceuticalsPre-Seed$5.5M81%
Intec Pharma Ltd.PharmaceuticalsSeries A$154.9M81%
Melinta Therapeutics, Inc. /New/PharmaceuticalsSeries D+$4.9B81%
Addex Therapeutics Ltd.BiotechnologySeries A$35.6M81%
Frequently asked
How much funding has Zurex Pharma, Inc. raised?
Zurex Pharma, Inc. has raised approximately $30.1M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Zurex Pharma, Inc.'s estimated valuation?
Provath's modeled valuation for Zurex Pharma, Inc. is approximately $24.9M (modeled range $4.3M–$61.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Zurex Pharma, Inc. at?
Zurex Pharma, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Dec 14.
What does Zurex Pharma, Inc. do and where is it based?
Zurex Pharma, Inc. operates in the Pharmaceuticals sector, based in MIDDLETON.
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