Introduction
OneFul's mission is to make personalized medicine and clinical nutrition more effective based on science, affordable, and accessible to all.
The company was founded by an experienced multiple-exit entrepreneur who is an inventor of robotics and factory automation. The professional team is led by pharmacists, regulatory experts, and big pharma drug developers who believe that e-pharmacy and modernized manufacturing technology can make Little Pharmacy the leader in democratizing medicine.
Problem
U.S. adults take four medications a day on average, elderly take over five, causing confusion and leading to essential medications not being taken, often leading to tragic events. Big Pharma’s one-size-fits-all approach can lead to dangerous side effects and ineffective medications.
Solution
Our patented technology platform scales the production of individualized treatments, leveraging genomic science, biomarker tests, and digital patient profiles to deliver precision treatments that are more effective and promote adherence.
We've developed safe and effective cardiovascular polypill formulations that improve adherence, combining 3 to 7 approved drugs into standard capsule forms. Fixed combination polypills have been shown in over 30,000 patients to reduce the risk of cardiovascular events by an average of 50% annually. Fixed polypills have been poorly accepted internationally and are unavailable in the USA. OneFul's CVD-P3 precision individualized polypill is one of the first personalized cardiovascular preventatives.
Modern genomic science and biomarker tests can now inform how personalized medicines work better. OneFul can use a pharmacogenomic generated from a cheek swab home test along with other biomarkers like a home blood test to create a digital profile for each individual. This allows our PharmDs to suggest the right drugs at the right doses so that your medications are more effective and with fewer adverse side effects.
Success To Date
- Revenue generating at $4.0M (TTM).
- Over 3,500 regular customers, qualified supplier of several major hospital systems, including Research Triangle NC regional hospitals.
- Delivered one of the first personalized cardiovascular polypills, ready to scale nationally.
- Partnerships with telemedicine prescribers and home test suppliers.
- 13 issued patents with more in process.
- Accredited 503A compounding facility, currently licensed in nine states.
- Global potential with international licenses in place, more in discussion.
- Expert management team with specialist technical, regulatory, and financial skill set.
- CEO founder has multiple exits.
Business Model
OneFul operates as an e-pharmacy, filling custom prescriptions for individuals created online by telemedicine physicians and healthcare systems, including hospitals. We leverage emerging market channels like telemedicine, partnering with industry leaders to provide potential patients easy access to medical advice and testing services. We believe this strategy bypasses the traditional detailing sales costs of bringing new therapeutic products to market the existing patient populations of the telemedicine providers.
Our 503A pharmacy services over 3,500 individuals annually, many of whom are candidates for our CVD-P3 polypill. Over 300 people have completed the polypill qualification online survey, with a growing set of patients on our waitlist.
Market
For consumers managing chronic diseases and conditions, current drug therapies typically consist of multiple medications, requiring patients to take as many as 3-7 pills per day. According to recent data, 24% of adults in the U.S. take more than 3 pills per day, and the rate of adherence to prescribed treatments is less than 50% (source, source), resulting in at least 100,000 preventable deaths and $100B in preventable medical costs per year (source). The market size for personalized or precision medicine in the USA may grow significantly in the coming years.
Press
- LinkedIn
OneFul Health is a 2023 Winner of the “Most Fundable Company” national competition in Malibu, CA - LinkedIn
OneFul Health forms partnership with Virtual Cardiology Leader - Heartbeat Health - YouTube
Edison Hudson's award winning pitch at 2023 Most Fundable Company competition at Pepperdine Graziadio Business School
Team
Use of Proceeds
If the offering's maximum amount of $536,500 is raised:
Use | Value | % of Proceeds |
---|---|---|
Company Employment | $134,126 | 25.0% |
Marketing / Promotions | $134,125 | 25.0% |
Inventory | $53,650 | 10.0% |
Product Development | $80,475 | 15.0% |
General and Administrative | $53,650 | 10.0% |
CAPEX - Facility | $54,187 | 10.1% |
Intermediary fees | $26,289 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Common Stock, under registration exemption 4(a)(6), in OneFul Health Inc.. This offering must reach its target of at least $10,000 by its offering deadline of April 26, 2024 at 10:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
These financial statements have been reviewed by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Apr 27, 2024Primary offering finalized, sellingshares
- Apr 26, 2024BIG PHARMA has the BIG BUCKS. Little Pharma...
- Apr 22, 2024Preventative Cardiovascular PolyPills Now –...
- Apr 12, 2024Better than GLP-1 Drugs: Are Endogenous GLP-1...
- Apr 4, 2024Revolutionizing Healthcare with Cutting-Edge...
- Jan 4, 2024See recent article by Edison Hudson on OneFul's...
- Dec 28, 2023OneFul has begun to expand its cardio-metabolic...
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