CONTINUUS Pharmaceuticals

📍 Woburn, United States🗓 Founded 2012👥 45 employees💰 Last funded 2014
CONTINUUS’ mission is to produce high-quality drugs that can be delivered to patients more effectively and at a lower cost. In achieving this goal, we look to radically transform the pharmaceutical manufacturing industry, steering it away from outdated batch systems to state-of-the-art continuous processes. CONTINUUS is leveraging a novel continuous manufacturing platform called Integrated Continuous Manufacturing (ICM), initially developed through an $85 M joint research project between Novartis and MIT. With ICM, we will improve affordability and accessibility of pharmaceuticals on a global scale. Our work is critical because the current manufacturing systems are time- and cost-inefficient, and are beset with quality problems. It is not unusual for manufacturing lead times, from start to finish, to be over one year, and studies have shown that the industry loses over $50 B annually due to wasteful processes. More importantly, these problems impact patient care. Hundreds of drugs are placed on the US FDA drug shortage website, many of which are life-saving (e.g., oncology drugs). To solve these problems, we offer a number of solutions: In addition, CONTINUUS is currently collaborating with hospital systems and pharmacy chains to establish its own generic business, where high-quality, low-cost drugs will be manufactured in the United States. To achieve our goals, CONTINUUS has assembled a team of talented engineers and scientists, with skills ranging from analytical chemistry to drug formulation. Rather than producing medicines through batch-wise, step-by-step processes, ICM allows for fully continuous and automated operations, where the synthesis of the active ingredient and the final dosage form are integrated into a seamless process. This novel method will allow “on-demand” manufacturing of pharmaceuticals, improving affordability and accessibility of pharmaceuticals on a global scale.
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Total investors
1
Early stage
0
Mid stage
0
Late stage
2012
Founded
Investor geography1 country
United States
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Frequently asked questions
Who invested in CONTINUUS Pharmaceuticals?
CONTINUUS Pharmaceuticals has 1 investors on record on gritt.io, including 1 early-stage backers.
When did CONTINUUS Pharmaceuticals last raise funding?
The most recent investment in CONTINUUS Pharmaceuticals recorded on gritt.io was in 2014.
When was CONTINUUS Pharmaceuticals founded?
CONTINUUS Pharmaceuticals was founded in 2012.
What industry is CONTINUUS Pharmaceuticals in?
CONTINUUS Pharmaceuticals operates in Pharmaceutical Manufacturing. Find similar Pharmaceutical Manufacturing investors on gritt.io.
Where is CONTINUUS Pharmaceuticals based?
CONTINUUS Pharmaceuticals is headquartered in Woburn, United States.