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Elastagen Pty Ltd logo — company profile

Elastagen Pty Ltd

Founded 2003 Australia Australia 2 employees Grant Total: $19.00M Biotechnology, Medical Devices

General Information

Company Name Elastagen Pty Ltd
Founded Year 2003
Location Australia Australia
Employees 2
Industries Biotechnology, Medical Devices
Funding Stage Grant
Social

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About Elastagen Pty Ltd

Elastagen Pty Ltd is a clinical stage medical company specializing in the development of tissue repair products utilizing tropoelastin, a human protein critical for the elasticity and resilience of various tissues in the human body, including the skin, lungs, arteries, and elastic ligaments. The company's products have shown clinical efficacy in addressing conditions such as stretch marks, acne scars, and wound repair. Founded in 2003, Elastagen acquired intellectual property rights to the elastin technology developed by Prof Weiss at the University of Sydney. The company has successfully secured funding from prominent Australian and overseas life science venture capital groups, with the most recent $4.00M grant investment coming from the Medical Devices Fund in October 13, 2016. Additionally, Elastagen has expanded its operations from its base in Australia to include production in Europe and clinical operations in the UK. Elastagen's innovative approach and successful track record in clinical applications make it a promising prospect for venture capital investment in the biotechnology and medical devices industries.

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $4.00M 1
Medical Devices Fund
13 Oct 2016
Series B $13.00M 7
Korea Investment Partners GBS Ventures Wellcome Trust
Korea Investment Partners, GBS Ventures +5
07 Jan 2016
Seed Round $2.00M 1
Cicada Innovations
Cicada Innovations
22 Jul 2013

FAQ About Elastagen Pty Ltd

Elastagen is a clinical stage medical company with an advanced pipeline of tissue repair products based on the human protein tropoelastin. Tropoelastin, polymerized to form elastin, is a critical component of tissues in the human body which require the ability to stretch and recoil, such as the sk...
Elastagen Pty Ltd was founded in 2003.
Elastagen Pty Ltd is headquartered in Australia.
Elastagen Pty Ltd operates in Biotechnology and Medical Devices.
Elastagen Pty Ltd has approximately 2 employees.
Elastagen Pty Ltd has completed 3 funding rounds, raising a total of $19.00M. The latest funding stage is Grant.

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Source: BounceWatch company record for Elastagen Pty Ltd, https://bouncewatch.com/company/elastagen-pty-ltd, updated 20 December 2024. When citing, please name BounceWatch and link this page.

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