Alliqua

Alliqua

ALQA
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Private Company

Total funding raised: $45M

Overview

Alliqua BioMedical was founded to leverage its proprietary electron-beam cross-linked hydrogel platform for custom contract manufacturing in advanced wound care and dermatology. Its strategic achievements included establishing a GMP facility and securing OEM partnerships. However, its core strategy shifted dramatically in 2018 through a series of transactions intended to transform the company into a clinical-stage pharmaceutical entity focused on pain, inflammation, and cannabinoid-based therapies, effectively ending its standalone contract manufacturing operations.

Wound CareDermatologyPain Management

Technology Platform

Proprietary electron-beam cross-linking process for manufacturing customizable hydrogel sheets that serve as delivery systems for active ingredients in wound care and dermatology.

Funding History

3
Total raised:$45M
Series C$20M
Series B$15M
Series A$10M

Opportunities

The original hydrogel platform targeted the large and growing advanced wound care market through OEM partnerships.
The 2018 restructuring aimed to capture opportunities in the high-value pain management and emerging prescription cannabinoid pharmaceutical markets.

Risk Factors

Extreme execution risk from multiple simultaneous corporate transactions, complete abandonment of the core revenue-generating business, and total reliance on the clinical success of unproven therapeutic assets from merger partners.

Competitive Landscape

As a contract manufacturer, competed with other CDMOs on technology and service. Post-restructuring, would have faced intense competition in pain therapeutics from large pharma and in cannabinoids from pioneers like GW Pharmaceuticals/Jazz.