What is FirstString Research?
FirstString Research is a specialized biotechnology enterprise focused on the therapeutic application of connexin-based protein signaling. Its flagship asset, Granexin gel (aCT-1), represents a novel approach to wound healing by targeting the C-terminus of connexin43. With positive proof-of-concept data established across multiple randomized, double-blinded clinical trials, the company is effectively bridging the gap between academic innovation and commercial-scale medical solutions. The firm operates at the intersection of regenerative medicine and chronic wound management, targeting a substantial market segment that requires advanced, evidence-based therapeutic interventions.
How much funding has FirstString Research raised?
FirstString Research has raised a total of $10.2M across 4 funding rounds:
Series A
$3.2M
Series B
$6.6M
Debt
$150K
Debt
$203K
Series A (2010): $3.2M, investors not publicly disclosed
Series B (2017): $6.6M, investors not publicly disclosed
Debt (2020): $150K supported by PPP
Debt (2021): $203K featuring PPP
Key Investors in FirstString Research
PPP
Public-Private Partnership
Undisclosed Institutional Backer
Undisclosed investor participating in the funding round.
Undisclosed Institutional Backer
Undisclosed investor participating in the funding round.
What's next for FirstString Research?
Looking ahead, FirstString Research is poised to initiate Phase 3 clinical trials, a critical milestone for the commercialization of Granexin gel. The recent capital injection provides the necessary runway to navigate the complex regulatory landscape and scale manufacturing capabilities to meet anticipated demand in the United States and European Union. As the company moves toward potential market entry, strategic focus will likely shift toward commercial partnerships and the expansion of its intellectual property portfolio. The successful execution of these late-stage trials will be the primary catalyst for long-term value creation, potentially transforming the standard of care for patients suffering from chronic, non-healing ulcers.
See full FirstString Research company page