Fundraising Fox

Rebel Medicine

Salt Lake City, US · 14 employees on LinkedIn · 8 known investors

Rebel Medicine develops non-opioid therapies for acute pain, including a long-acting local anesthetic for postoperative pain management. The company operates in the biotech and drug development space.

Also known as 109 Therapeutics Inc · Rebel Medicine Inc

Founders & leadership

BD
Brett DavisExecutive
CL
Caleb LadeNamed on SEC filing

Board

JP
John PoyhonenBoard director
KP
Kevin PasseyBoard director
MN
Mai NguyenBoard director

Investors · 8

Also in the syndicate · 6

Cantina AngelsCentral Texas Angel Network (CTAN)Crocker VenturesleadJoan & Tim Fenton FundProsperity Solutions CapitalSK Hart

Reported raises · per SEC filings

Form D private placements

$8.8M disclosed across 1 of 3 rounds · 2023–2025

▶$8.8MraisedJun 2026 · 43 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Caleb LadeExecutive Officer, Director
  • John PoyhonenDirector
  • Kevin PasseyDirector
  • Brett DavisExecutive Officer, Director
  • Mai NguyenDirector
Offering amount
$8.9M
Amount sold
$8.8M
First sale
Feb 2025
Incorporated
Corporation, Delaware
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

Rebel Medicine Inc is a Salt Lake City, Utah-based biotechnology company developing non-opioid therapies for acute and post-operative pain. Its lead asset, Alevatrix, is a long-acting formulation of bupivacaine, an established local anesthetic, encapsulated in the company's proprietary injectable matrix and designed to release drug at the site of administration for up to 72 hours in order to reduce or eliminate opioid use after surgery. The product is intended for use across surgical procedures, either locally at the surgical site or as a nerve block agent. A second program, AlevaDerm, is a long-acting local anesthetic wound dressing for painful dermal injuries, and additional pipeline programs apply the company's delivery systems to extended release of injectable drugs over periods ranging from days to months.

The company was founded in 2018 and previously operated under the name 109 Therapeutics Inc. It progressed from preclinical and IND-enabling work through large animal preclinical studies, a Pre-IND meeting completed in 2024, and the opening of an Investigational New Drug application with the FDA announced in June 2025. Proceeds from its $6 million Series A are directed at a first-in-human, randomized, dose-escalation, active-controlled Phase 2 clinical trial in bunionectomy patients evaluating the safety and efficacy of Alevatrix. Company materials state a positioning around cost-effective design, using simple materials and manufacturing methods to improve the effectiveness of existing drugs rather than developing novel active ingredients.

Founding story

Company materials identify Brett Davis, PhD (CEO), Caleb Lade (COO), Jay Agarwal, MD (CMO), Susan Wojtalewicz (Director of R&D) and Sierra Erickson (Director of R&D) as co-founders, with the company founded in 2018 to address acute pain that is otherwise primarily managed systemically with opioids.

Business model

Rebel Medicine develops proprietary drug delivery formulations applied to already-validated active pharmaceutical ingredients, with the stated aim of producing extended-release therapeutics while reducing development time, cost and risk. Development has been funded through a combination of equity financing and non-dilutive federal and state grants, and the company has stated it seeks partners and investors for its clinical program.

Not stated beyond development-stage funding; the company states it focuses on improving the effectiveness of existing drugs to deliver pain management products at low cost and on pricing products to share value with stakeholders.

Traction

Rebel Medicine received three SBIR Phase I awards and one Phase II award, totaling $1,814,789 ($808,310 in Phase I and $1,006,479 in Phase II dollars) across NIH and NSF, with a first award in 2020 and latest in 2024, including a $1,255,817 NSF Phase II award in 2023 and a $263,051 NIH Phase I award in 2022. The company reported $1.8M in non-dilutive grant funding from NSF, NIH and the State of Utah alongside $3M in seed funding, published large animal preclinical data in August 2024, completed a Pre-IND meeting for Alevatrix in September 2024, and in June 2025 announced a $6M Series A concurrent with the opening of its IND application for a Phase 2 trial.

Latest developments

On 12 June 2025 the company announced the closing of a $6 million Series A financing led by Crocker Ventures and the formal opening of its IND application with the FDA for Alevatrix, with proceeds funding a first-in-human, randomized, dose-escalation, active-controlled Phase 2 trial in bunionectomy patients.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

The company describes itself as a clinical-stage (previously pre-clinical and specialty pharmaceutical) biotechnology company targeting non-opioid alternatives for acute and postoperative pain management, positioning Alevatrix as a long-acting local anesthetic intended to displace systemic opioid use after surgery.

The company frames its approach around reformulating well-characterized, already-validated drugs such as bupivacaine using its own delivery matrix, aiming for extended local release (up to 72 hours), lower development time, cost and risk, and simple materials and manufacturing methods to reduce cost of care.

Technology

The core technology is a proprietary injectable matrix that encapsulates active pharmaceutical ingredients for sustained local release. Applied to bupivacaine in Alevatrix, it is designed to release drug at the administration site for up to 72 hours; preclinical studies reported prolonged multi-day non-opioid analgesia with a favorable safety profile. A related formulation approach underlies AlevaDerm, a sustained-release local anesthetic wound dressing, and SBIR-funded work has included extending the duration of the injectable formulation using novel salts.

Go-to-market

Development has been advanced with federal SBIR and state grant funding plus angel and venture equity, and the company has publicly sought partners and investors for its clinical program; it participates in investor-facing life sciences summit channels.

Surgical and postoperative pain management settings, with the initial clinical program in bunionectomy patients; the injectable is described as applicable to nearly any surgical procedure, locally at the surgical site or as a nerve block agent. The wound dressing program targets painful partial-thickness dermal injuries.

Geography

Headquartered at 630 Komas Drive Suite 300, Salt Lake City, Utah 84108, United States, with a single listed location; regulatory activity is with the U.S. Food and Drug Administration.

History

Founded in 2018 and also known as 109 Therapeutics Inc, the company received its first SBIR award in 2020 and subsequent NIH and NSF awards through 2024, including NSF SBIR Phase 2b and NIH SBIR Phase 1 grants announced in October 2023. It described itself as pre-clinical while running IND-enabling studies and preparing a clinical program for 2024, published Alevatrix large animal preclinical data in August 2024, completed a Pre-IND meeting in September 2024, and closed a $6 million Series A in June 2025 alongside the opening of its IND application.

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

Key figures

latest reported
Alevatrix local drug release durationJun 202572 hours
Employee rangeDec 20225-9
Non-dilutive grant funding raised (NSF, NIH, State of Utah)Jan 2023$1.8M
Revenue rangeDec 2022$0.5M-$1M
SBIR Phase I awardsJan 20243 awards
SBIR Phase II awardsJan 20241 awards
Seed funding raisedJan 2023$3M
Total SBIR funding awardedJan 2024$1.8M
Year foundedDec 20222,018

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

Timeline · 7

launches, deals, and filings
Jun 2025
Rebel Medicine closes $6M Series A led by Crocker Ventures

The company announced the closing of a $6 million Series A financing led by Crocker Ventures with participation from CTAN, Prosperity Solutions Capital, Utah Innovation Fund, SK Hart, the Joan & Tim Fenton Fund, Cantina Angels and life-science angel investors, to fund a Phase 2 trial of Alevatrix.

$6M source ↗

Jun 2025
IND application for Alevatrix opened with FDA

Rebel Medicine announced the formal opening of its Investigational New Drug application with the U.S. FDA for Alevatrix, enabling a first-in-human, randomized, dose-escalation, active-controlled Phase 2 trial in bunionectomy patients.

source ↗

Sep 2024
Pre-IND meeting completed for lead asset Alevatrix

source ↗

Aug 2024
Publication of Alevatrix large animal preclinical data

source ↗

Oct 2023
Awarded NSF SBIR Phase 2b and NIH SBIR Phase 1 grants

source ↗

Jan 2023
NSF SBIR Phase II award of $1,255,817

NSF Phase II award for 'Novel injectable long-acting local anesthetic for postoperative pain management'.

$1.3M source ↗

Jan 2022
NIH SBIR Phase I award of $263,051

NIH Phase I award for 'Development of a novel sustained release local anesthetic wound dressing for partial-thickness dermal injuries'.

$263.1K source ↗

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

▸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 Rebel Medicine do?
Salt Lake City biotech developing Alevatrix, a long-acting injectable bupivacaine formulation for non-opioid postoperative pain.
Who are Rebel Medicine's investors?
Rebel Medicine's investors include Central Texas Angel Network, Utah Innovation Fund.
How much funding has Rebel Medicine raised?
Rebel Medicine has disclosed $8.8M raised across 1 of its 3 known rounds.
Where is Rebel Medicine headquartered?
Rebel Medicine is headquartered in Salt Lake City, US.