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Cornerstone Pharmaceuticals

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Cornerstone is committed to developing therapies for rare cancers

Newark, United StatesFounded 2000Biotech & Life Sciences
Valuation $25–50M Last recorded · 2010
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Cornerstone Pharmaceuticals and the history behind them.

About Cornerstone Pharmaceuticals

Cornerstone Pharmaceuticals, operating under the brand Rafael Pharmaceuticals, focuses on developing groundbreaking cancer therapies. The company's flagship compound, devimistat, targets enzymes within the mitochondria of cancer cells, disrupting their energy metabolism. This innovative approach is currently being tested in various clinical trials, ranging from Phase I to Phase III, both as a standalone treatment and in combination with standard drug therapies. The primary aim is to treat patients diagnosed with advanced solid tumors and blood cancers.

Founded in 1999, Cornerstone Pharmaceuticals serves a critical need in the oncology market, particularly for patients with difficult-to-treat cancers. The company collaborates with leading experts and institutions in the field of cancer research and treatment, ensuring that its therapies are at the forefront of medical innovation.

The business model revolves around extensive research and development, followed by clinical trials to validate the efficacy and safety of its compounds. Revenue is generated through partnerships, licensing agreements, and eventually, the commercialization of successful therapies.

Cornerstone Pharmaceuticals operates in the highly specialized and competitive oncology market, aiming to provide life-saving treatments that can significantly improve patient outcomes.

Source: Dealroom company data

At a glance

Founded
2000
Headquarters
Newark, United States
Sector
Biotech & Life Sciences

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • New Jersey Economic Development Authority

Series A1 investor entered at this stage

  • Althea Partners
Team profiled 19 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States88.9%
🇬🇧 United Kingdom11.1%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Cornerstone Pharmaceuticals on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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