Company intelligence / Profile preview

BioChemics, Inc.

Danvers, Massachusetts, United States
Ownership
Private
Development stage
Other
01

Overview

BioChemics developed a novel transdermal ibuprofen cream using its VALE® technology. In a Phase 2 study in Switzerland for osteoarthritis of the knee, the product demonstrated statistically significant pain reduction and was well tolerated over 14 days compared to placebo[4]. However, subsequent SEC litigation revealed that claims about additional drugs under FDA review and major pharma collaborations were false; only one clinical trial was actually conducted and results were misrepresented to investors[3]. The company has since been liquidated following court orders related to securities fraud[3].

Therapeutic areas
Rheumatology
Modalities
Transdermal drug delivery (notably small molecules such as ibuprofen)
Industry
Biotech
02

Drug pipeline

1 asset

BC-DN-01

Unknown

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