Protagenic Therapeutics

Protagenic Therapeutics

PTIX
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Private Company

Total funding raised: $12.5M

Market Cap: $1.0MFounded: 2015HQ: New York, United States

Overview

Protagenic Therapeutics is a public, clinical-stage biotechnology company developing a novel class of therapeutics based on the Teneurin C-terminal Associated Peptide (TCAP) to regulate the stress response system. Founded in 2015, the company's mission is to address the root cause of stress-related disorders like depression, anxiety, PTSD, and addiction, where current treatments are often inadequate. Its strategy involves building a proprietary TCAP platform to efficiently develop multiple drug candidates for a broad spectrum of CNS indications. The lead candidate, PT00114, is advancing into clinical trials, representing a potentially transformative approach to neuronal health.

PsychiatryNeurology

Technology Platform

Proprietary Teneurin C-terminal Associated Peptide (TCAP) platform, leveraging an evolutionarily conserved neuropeptide that acts as the body's intrinsic regulator of the stress response system to develop first-in-class therapeutics for CNS disorders.

Funding History

2
Total raised:$12.5M
Series A$10M
Seed$2.5M

Opportunities

Validating the TCAP platform in Phase 1 trials could unlock a pipeline targeting multi-billion dollar markets in psychiatry and neurology.
The novel, upstream mechanism offers potential for disease-modification in stress-related disorders, a significant unmet need.

Risk Factors

High clinical development risk as the novel TCAP mechanism is unproven in humans.
Significant financial and dilution risk as a micro-cap, pre-revenue company dependent on capital markets to fund operations.

Competitive Landscape

Competes in crowded CNS markets but claims a unique niche targeting the endogenous stress regulator TCAP. Faces competition from standard antidepressants, novel rapid-acting therapies, and other neuropeptide platforms, but first-in-class status provides initial differentiation.

Company Timeline

2015Founded

Founded in New York, United States

2018Seed

Seed: $2.5M

2020Series A

Series A: $10.0M