GeneriCo focuses on the development and marketing of products based on technically challenging, hard to copy formulations and products having unique drug delivery formats. This focus on niche or neglected markets limits risk of competition from either the middle and large competitors or the tightly focused small generic companies. GeneriCo has established a network of business collaborators in the USA, Asia and Europe to further reduce its development costs and competitive risks. GeneriCo's product pipeline currently includes 22 potential drug formulations and contract distribution rights for several additional drugs. GeneriCo has also identified several potential Paragraph IV challenge opportunities. Targeted markets exceed $4.0 billion in sales. GeneriCo has also begun initial work on another wave of products with targeted markets of up to another $2.0 billion of sales. Revenues from contract sales are expected in 2016 and from new drug developments in 2017. GeneriCo anticipates raising a Series B round in Q3 2016.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 08/11/15 | $1,500,000 | Series A |
BioGenerator Kinsale Capital Partners Missouri Technology Corporation | undisclosed |
