Tellus Therapeutics wins Early Stage Company Shootout

Posted by on Dec 4, 2018

An A-list group of investors and companies attended the 20th Anniversary Southeast BIO Investor & Partnering Forum (SEBIO) on November 13-14th at the Loews Hotel in Atlanta. The Forum is the Southeast’s only regional life sciences venture capital conference. As always, one of the most popular parts of the conference is the Early Stage Shootout.

The Early Stage Shootout focuses on best practices for newly emerging companies. Sixteen early stage opportunities were selected by a committee of venture capital investors led by Peter Young of Pappas Capital. These companies then pitched their companies to selected advisory teams made up of entrepreneurs, venture capital investors, and entrepreneurial service providers which then chose four of the best to participate in the Early Stage Shootout. During the Early Stage Shootout, the companies had the opportunity to present to the entire conference and a panel of celebrity judges made up of distinguished venture capitalists.

The selected participants of the Early-Stage Shootout were: Tellus Therapeutics (NC),
EternaTear (NC), Innovative Med Concepts (AL), and Advanced Chemotherapy Technologies (NC).  The winner, after much deliberation was Tellus Therapeutics.

Tellus Therapeutics is a mission driven life sciences company founded in 2018 to translate groundbreaking research by Duke neonatologist and stem cell biologist, Eric Benner, MD/PhD, into a treatment for babies born at risk for brain injury. One in ten babies is born premature and at significant risk for white matter (myelin) injury and subsequent life-long cognitive and neurological impairments, such as cerebral palsy. Tellus is developing novel small molecules derived from human maternal breast milk demonstrated to induce regeneration of myelin-producing oligodendrocytes, reverse white matter injury in an animal model of perinatal brain injury and is pursuing a novel regulatory path to evaluate safety and efficacy in newborns with brain injury for whom no treatments are available.

SEBIO_2074(11-14-18).JPG

“On behalf of the company, I would like to thank SEBIO, organizers of the Early Stage Investor and Partnering Conference and the mentor team for supporting Tellus Therapeutics and early stage companies like us. We are proud to be a part of the SEBIO community and healthcare innovation arising from Duke University and the southeast region.” Jason Kralic, Co-founder/CEO, Tellus Therapeutics.

David Day, Executive Director of SEBIO, stated, “We are especially pleased to support the noble mission of Tellus Therapeutics.  This year 1 in 5 attendees at the Forum was an investor.  We hope that contact with some of these investors will be useful to Tellus now and in the future.  The continued emergence of companies like Tellus and the importance of the investors attending our networking event both suggest that the Southeast is becoming an important center for the life sciences and for new company formation.”

SEBIO_1902(11-14-18).JPG

 

https://bit.ly/2FYvmp9

Leave a Reply