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.



Investors · 2
Also in the syndicate · 1
Reported raises · per SEC filings
Form D private placements$5M disclosed across 1 of 2 rounds · 2020
▶$5MraisedNov 2020 · 2 investors · Other Health CareRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026cystetic 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 reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlapCompanies competing with cystetic Medicines for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 6
launches, deals, and filingsCo-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.
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.
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.
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 ↗
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.
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.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structure▸Research sources · 8
primary sources listed
- cystetic Medicinescysteticmedicines.com · web
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.
