Tasman Therapeutics

Tasman Therapeutics

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Private Company

Total funding raised: $15M

Overview

Tasman Therapeutics is a late-stage private biotech advancing R-107, a proprietary oral extended-release ketamine tablet for Treatment-Resistant Depression. With Phase 2 trials complete and an open IND for Phase 3, the company is preparing for pivotal studies with a clear regulatory pathway. As an affiliate of the established Douglas Pharmaceuticals, Tasman benefits from deep formulation expertise, strong IP protection until at least 2037, and a seasoned leadership team, positioning it to potentially capture a significant share of the growing TRD market with a convenient, at-home monotherapy.

PsychiatryTreatment-Resistant DepressionMood Disorders

Technology Platform

Proprietary oral extended-release timed-delivery system for (R)-ketamine, designed to provide sustained antidepressant effect while minimizing dissociative side effects.

Funding History

2
Total raised:$15M
Series A$12M
Seed$3M

Opportunities

R-107 addresses a massive unmet need in TRD with a highly differentiated, convenient at-home oral therapy, potentially capturing a first-mover advantage in a multi-billion dollar market.
The strong IP protection and 505(b)(2) pathway enable efficient development and create a valuable asset for partnership or acquisition.
Expansion into broader depressive disorders and other psychiatric indications could further amplify its commercial potential.

Risk Factors

Phase 3 clinical trials carry the risk of failure or unexpected safety signals.
The competitive landscape includes approved clinic-based therapies (Spravato) and numerous novel agents in development.
Regulatory approval is not guaranteed, and successful launch would require navigating reimbursement and adoption challenges in a crowded CNS market.

Competitive Landscape

R-107's primary competition includes Johnson & Johnson's Spravato (esketamine nasal spray), a clinic-administered treatment, and off-label use of compounded oral ketamine. It also faces future competition from other oral psychedelics in development (e.g., psilocybin for depression) and novel rapid-acting antidepressants. Its key differentiator is the combination of oral, at-home administration with a safety profile designed to minimize dissociation.