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Entrepreneur - New Business
Seed capital needed for clinicals to develop drug for cancer
Posted by:
Daniel Olinda
on 11/19/2010 8:55:10 AM
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Funding Needed
:
$500k - $1mil
Category:
Biotechnology
Website :
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Location :
Fortaleza,
All,
Brazil
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Description:
We are a brazillian company seeking for seed capital of $500k-$1mil to run clinical tests on an extract from a plant of the amazon which has been studied in vitro in different countries for years. It has shown very potent cancer fighting properties and results. One of the main studies was done by a american university funded by Nacional Cancer Institute. There are over 160 citations worldwide of studies done in vitro.
We are the largest farm producing this plant in Brazil with over 30.000 trees planted 10 years ago with irrigation system. We have production plant that has capacity to produce 20.000 capsules per hour and 110 teabags per minute.
Investment return:
Today we sell capsules of this plant as food supplement (since we havent done clinicals) at a price of $15,00 per bottle at a cost of production of $6,00.
If we do the clinicals we will be able to claim statement and sell as a drug which would take us to another level.
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