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Imaginepharma

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Developing therapies using its IMG-1 polypeptide for oral delivery, regenerative medicine, and novel therapeutics

Pittsburgh, United StatesFounded 2016Biotech & Life Sciences
Valuation $100–250M Last recorded · 2023
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 Imaginepharma and the history behind them.

About Imaginepharma

Imagine Pharma, a Pittsburgh-based biotechnology firm founded in 2016, is focused on developing treatments for diseases with limited medical options. The company was established by Dr. Ngoc L. Thai, an internationally recognized transplant surgeon, who also serves as co-CEO and Chief Medical Officer. Dr. Thai's journey began after discovering the IMG-1 polypeptide in a tea plant from his native Vietnam. This discovery is now the cornerstone of the company's research and development. He is joined by co-CEO Santiago Pujadas, who brings extensive management experience to the team.

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Imagine Pharma's business revolves around its core discovery, the IMG-1 polypeptide, which has led to the creation of three distinct development platforms: Oral Delivery, Therapeutics, and Regenerative Medicine. These platforms are aimed at creating first-in-class programs to address various disease states in large, underserved markets. The company's business model encompasses multiple revenue paths, including the commercialization of a nutritional supplement, strategic partnerships, licensing agreements, and providing islet isolation services. In a significant milestone, the company was selected by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) as an approved Islet Isolation Center, supplying research-grade human islets to major academic diabetes centers.

The company's product pipeline is diverse. The Oral Delivery platform is working on making injections a thing of the past by developing oral versions of biologics like erythropoietin and GLP-1 receptor agonists. The Therapeutics platform is developing treatments to accelerate healing for skin donor sites and diabetic wounds. Most notably, the Regenerative Medicine platform is pioneering a potential cure for Type 1 diabetes by using IMG-1 to regenerate and propagate insulin-producing islet cells from a patient's own pancreas for autologous transplantation. In October 2023, Imagine Pharma secured $32.5 million in a Series A funding round led by IP Investors LLC, bringing its total funding to $40 million to advance these programs.

Source: Dealroom company data

At a glance

Status
Low Activity
Founded
2016
Headquarters
Pittsburgh, United States
Employees
15
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Diabetes, Biotechnology, Cardiology and cardiovascular, Biotech and Pharma, Hard Tech, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Oct 2023 $33M $130M IP Investors ↗
LATE VCEquity / VC May 2023 $350K $1.4M Undisclosed —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Imaginepharma website traffic

Latest recorded traffic for Imaginepharma is 910 monthly website visits, down 3.2% over the last three months. Imaginepharma's team declined 6.3% over the past year.

Latest monthly visits910 3-month web change-3.2% 1-year team growth-6.3%
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Closest operating peers by Dealroom taxonomy

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Sea4UsSea4Us is a biopharmaceutical startup specializing in discovering and developing new drugs, leveraging expertise in ion channels and marine biology Vila do Bispo, Portugal Operational
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Synta PharmaceuticalsInnovative, agile biopharmaceutical company focused on research, development and commercialization of novel oncology medicines that have the potential to change the lives of cancer patients Lexington, United States Acquired
FitgenesAustralian organization that delivers personalized, genome-based health and wellness programs Brisbane, Australia Operational
Hybio PharmaceuticalShenzhen Hybio Pharmaceutical is a high-tech enterprise which engaged in research, development, production, and sales of polypeptide drugs Shenzhen, China Operational
Madrigal PharmaceuticalsThe Company is targeting treatment of both niche and prevalent indications, including fatty liver disease West Conshohocken, United States Operational
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

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

Series A1 investor entered at this stage

  • IP Investors
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Imaginepharma 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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