What changed
📄 Entero Therapeutics, Inc.
Entero Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted, non-systemic therapies for gastrointestinal diseases. Its lead program is Adrulipase, a recombinant lipase enzyme for treating exocrine pancreatic insufficiency in cystic fibrosis and chronic pancreatitis patients. The company has discontinued prior programs and is in the process of rescinding a merger with ImmunogenX, LLC.
Offering: $3,025,000 at $3,025,000 valuation
Key risk: Substantial doubt about ability to continue as a going concern due to recurring losses and dependency on external funding.
Proceeds: General working capital purposes
Lockup: 90 days
Why it matters
Entero Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted, non-systemic therapies for gastrointestinal diseases. Its lead program is Adrulipase, a recombinant lipase enzyme for treating exocrine pancreatic insufficiency in cystic fibrosis and chronic pancreatitis patients. The company has discontinued prior programs and is in the process of rescinding a merger with ImmunogenX, LLC.