Chrono Therapeutics - About the company
Chrono Therapeutics is a deadpooled company based in Waltham (United States), founded in 2004 by Guy DiPierro. It operates as an A transdermal nicotine replacement therapy for smoking cessation.. Chrono Therapeutics has raised $82.2M in funding from investors like Canaan, Kaiser Permanente Ventures and 5AM Ventures. The company has 183 active competitors, including 55 funded and 20 that have exited. Its top competitors include companies like Omada, Welldoc and Wellthy Therapeutics.
Company Details
Chrono Therapeutics has developed a device with programmable passive transdermal drug delivery (TDD) system. Their first product, StopSmart, is a wearable wrist, arm, or as an adhesive patch, that helps a user in smoking cessation. The wearable is attached to user's body and is controlled by a smartphone app where the user can set up a time to start administering nicotine. Based on past start times devices releases nicotine in a controlled amount at different interval of time rather than continuously, throughout the day over a 10-week period. The drug delivery system is coupled with real-time behavioral support therapy via the connected smartphone app. The platform could also be used for delivery of various other drugs for conditions including Parkinson’s, asthma, and ADHD. Chrono is planning to apply for approval in 2016 and launch device in 2017.
- Website
- chronothera.com
Key Metrics
Founded Year
2004
Location
Waltham, United States
Stage
Deadpooled
Total Funding
$82.2M in 8 rounds
Latest Funding Round
Ranked
50th among 183 active competitors
Legal entities associated with Chrono Therapeutics
Chrono Therapeutics is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Chrono Therapeutics Inc. CIN: 02-0680326 , United States, Active | Feb 17, 2003 | - | - | - |
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Chrono Therapeutics's funding and investors
Chrono Therapeutics has raised a total funding of $82.2M over 8 rounds. Its first funding round was on Sep 21, 2012. Its latest funding round was a Series B round on Sep 28, 2016 for $*****. 1 investor participated in its latest round. Chrono Therapeutics has 17 institutional investors.
Here is the list of recent funding rounds of Chrono Therapeutics:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 28, 2016 | 5738791 | Series B | 7926881 | 5716591 | 4232789 | 8028335 |
Sep 09, 2016 | 7641770 | Series B | 2782112 | 7427312 | 1497915 | |
Aug 25, 2015 | 2513441 | Grant (prize money) | 3688071 | 3078833 | 6917390 |
View details of Chrono Therapeutics's funding rounds and investors
Chrono Therapeutics' founders and board of directors
Founder? Claim ProfileThe founders of Chrono Therapeutics is Guy DiPierro.
Here are the details of Chrono Therapeutics' key team members:
- Guy DiPierro: Former Founder of Chrono Therapeutics.
- Alan Levy: CEO of Chrono Therapeutics.
View details of Chrono Therapeutics's Founder profiles and Board Members
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Chrono Therapeutics's Competitors and alternates
Top competitors of Chrono Therapeutics include Omada, Welldoc and Wellthy Therapeutics. Here is the list of Top 10 competitors of Chrono Therapeutics, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Omada 2011, San Francisco (United States), Public | Provider of virtual care programs to manage chronic diseases | $450M | 80/100 | |
2nd | Welldoc 2005, Columbia (United States), Series B | Provider of mobile health products for chronic disease management | $82.1M | 71/100 | |
3rd | Wellthy Therapeutics 2015, Mumbai (India), Acquired | Provider of a health monitoring app for chronic health patients and providers | $8.91M | 69/100 | |
4th | SidekickHealth 2013, Palo Alto (United States), Series B | Provider of gamified social health and wellness solution | $76.5M | 68/100 | |
5th | Developer of a needle-free patch technology for vaccine delivery applications | $91.2M | 65/100 | ||
6th | Pivot 2015, San Carlos (United States), Series B | Provider of application for smoking de-addiction | $37.5M | 62/100 | |
7th | Digital therapeutics platform focused on managing and preventing metabolic health conditions | $18.9M | 61/100 | ||
8th | scPharmaceuticals 2013, Lexington (United States), Acquired | Provider of a device for subcutaneous drug delivery for the treatment of bacterial infections and heart failure | $78.7M | 60/100 | |
9th | CeQur 2008, Horw (Switzerland), Series E | Developer of wearable insulin delivery patch | $492M | 58/100 | |
10th | BioSapien 2018, New York City (United States), Seed | Developer of 3D-printed drug delivery platforms for targeted pharmaceutical agents | $10.6M | 58/100 | |
50th | Chrono Therapeutics 2004, Waltham (United States), Deadpooled | A transdermal nicotine replacement therapy for smoking cessation. | $82.2M | 35/100 |
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Chrono Therapeutics's Investments and acquisitions
Chrono Therapeutics has made no investments or acquisitions yet.
Reports related to Chrono Therapeutics
Here is the latest report on Chrono Therapeutics's geography:
News related to Chrono Therapeutics
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Cognoa Appoints Industry Leader David Happel as New Chief Executive OfficerGlobeNewswire•Mar 24, 2020•Cognoa, Chrono Therapeutics
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6 Substance Abuse Apps Helping Us Battle AddictionsNanalyze•Jun 03, 2019•Chrono Therapeutics, DynamiCare Health, Pear Therapeutics, Carrot and 2 others
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Inventor of Wearable "Smart" Smoking Cessation Technology — Chrono TherapeuticsChrono Therapeutics•Jun 12, 2014•Chrono Therapeutics, Canaan, 5AM Ventures, Fountain Healthcare Partners and 3 others
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Chrono Raises $32M to Make Smart Nicotine Patch | Fox BusinessFOX Business•Jul 31, 2010•Chrono Therapeutics, Canaan, 5AM Ventures, Fountain Healthcare Partners and 3 others
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