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cystetic Medicines

Champaign, US · Founded 2019 · Delaware corporation · 2 known investors

cystetic Medicines is a drug development company creating an inhaled dry-powder therapy based on an FDA-approved antifungal compound to treat cystic fibrosis, targeting the roughly 10% of patients not helped by existing modulators. The company focuses on accessible, scalable treatment using aerodynamically engineered nanoparticle delivery.

Also known as Cystetic Medicine · cystetic Medicines, Inc.

Founders & leadership

cystetic Medicines was founded in 2019 by MARTIN BURKE, MD., PH.D., Dr. Martin D. Burke, and Dr. Michael J. Welsh.

MB
MARTIN BURKE, MD., PH.D.Co-founder
DMDr. Martin D. Burke
Dr. Martin D. BurkeCo-founder
DMDr. Michael J. Welsh
Dr. Michael J. WelshCo-founder
DJDr. Jeffry Weers
Dr. Jeffry WeersChief Technology Officer
PW
PETER W STEELMANNamed on SEC filing
JR
JONATHAN RAMOSNamed on SEC filing
PB
PETER B. FINNNamed on SEC filing
ZS
ZHENG SUNamed on SEC filing

Investors · 2

Also in the syndicate · 1

Deerfield Managementlead

Reported raises · per SEC filings

Form D private placements

$5M disclosed across 1 of 2 rounds · 2020

$5MraisedNov 2020 · 2 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • PETER W STEELMANDirector
  • JONATHAN RAMOSDirector
  • PETER B. FINNExecutive Officer
  • MARTIN BURKE, MD., PH.D.Director
  • ZHENG SUDirector
Offering amount
$25.1M
Amount sold
$5M
Minimum investment
$1
Proceeds to insiders
$1
First sale
Nov 2020
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

cystetic Medicines, Inc. is a clinical-stage biotechnology company based in Champaign, Illinois, developing small-molecule anion channels intended to act as "molecular prosthetics" that functionally substitute for missing or dysfunctional CFTR protein channels in people with cystic fibrosis (CF). Its focus is the roughly 10% of the CF population ("the final 10%") whose mutations produce little to no CFTR protein and who therefore cannot benefit from CFTR modulator therapies, a group for which the company states there is no disease-modifying treatment.

The lead program, CM001, is an investigational inhaled dry-powder formulation of amphotericin B, a naturally occurring small molecule already approved to treat fungal infections that self-assembles into ion channels in airway epithelial cell membranes. The stated mechanism is restoration of anion (including bicarbonate) transport independently of CFTR mutation status, addressing the acidic, poorly hydrated airway surface liquid and reduced antimicrobial defense that follow loss of bicarbonate secretion. Preclinical work showed the active ingredient forming CFTR-replacement channels in cultured primary airway epithelia from people with CF not eligible for modulators, and an investigator-initiated proof-of-concept study reported that seven of eight people with CF not on modulators showed decreases in nasal potential difference after nasal administration of the molecular prosthetic.

CM001 is delivered by a portable dry powder inhaler using particle-engineering technologies the company says have already been used in existing cystic fibrosis treatments, which it presents as a basis for commercial-scale manufacturing. The company frames its broader goal as one simple, broadly accessible therapy that could ultimately benefit all people with CF, not only the final 10%.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
People with cystic fibrosis worldwide (addressable disease population)Oct 202380,000 people
Proof-of-concept study responders (decreased nasal potential difference)Jan 20237 of 8 people with CF not on modulators
Share of CF population unable to benefit from CFTR modulatorsOct 202310%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with cystetic Medicines for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Nov 2023
Phase 1 single-ascending dose data presented at North American Cystic Fibrosis Conference

Co-founder Martin Burke presented single-ascending dose data from the CM001 Phase 1 trial in an oral podium session at NACFC in Phoenix, AZ, alongside two posters covering the healthy-volunteer SAD study and the role of cholesterol in optimizing molecular prosthetics.

source ↗

Oct 2023
First person with cystic fibrosis dosed in ongoing Phase 1 trial of CM001

The company announced dosing of the first person with CF in the ongoing Phase 1 trial (NCT05802264). Parts A and B in healthy volunteers, conducted in New Zealand, completed enrollment; Part C, a multiple-dose component in people with CF, was to continue in Australia and New Zealand with support from DevPro Biopharma LLC.

source ↗

Jun 2023
First healthy volunteer dosed in Phase 1 trial of CM001

cystetic Medicines announced initiation of a randomized, double-blind, placebo-controlled Phase 1 trial evaluating safety, tolerability and pharmacokinetics of single- and multiple-ascending doses of CM001 delivered by portable dry powder inhaler. The trial was conducted in New Zealand with support from DevPro Biopharma LLC; data were expected in Q4 2023.

source ↗

Dec 2020
cystetic Medicines secures $25 million financing to advance cystic fibrosis treatment

The company, founded by Martin Burke (University of Illinois at Urbana-Champaign) and Michael Welsh (University of Iowa), secured $25 million from Deerfield Management and Illinois Ventures to develop a dry powder formulation, manufacture it at scale to support nonclinical safety and biodistribution studies, and move to Phase 1 clinical studies.

$25M source ↗

Dec 2020
Clinical study of amphotericin B improving cystic fibrosis biomarkers published

Research published in the Journal of Cystic Fibrosis reported positive results in the first human study of amphotericin B against an established CF biomarker; earlier work published in Nature showed the compound restored infection-fighting properties in cells from people with CF and in pigs with the disease.

source ↗

Dec 2020
Emily's Entourage grant supports molecular prosthetics research

Emily's Entourage, a nonprofit focused on research for people with CF mutations that do not respond to current therapies, provided a grant supporting part of the underlying research; the organization is listed as a collaborator of the company.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
cystetic MedicinesDelaware

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does cystetic Medicines do?
Clinical-stage biotech developing CM001, an inhaled small-molecule "molecular prosthetic" ion channel for cystic fibrosis.
Who founded cystetic Medicines?
cystetic Medicines was founded by MARTIN BURKE, MD., PH.D., Dr. Martin D. Burke, Dr. Michael J. Welsh in 2019.
Who are cystetic Medicines's investors?
cystetic Medicines's investors include Illinois Ventures.
How much funding has cystetic Medicines raised?
cystetic Medicines has disclosed $5M raised across 1 of its 2 known rounds.
Where is cystetic Medicines headquartered?
cystetic Medicines is headquartered in Champaign, US.