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History

Date

Event

April, 2003

Company Founded as Maryland Biotherapeutics (MBTI), Robert Ting, Ph.D., named President

March, 2004

Executed license with UMBI for Transition-State Vaccine (TSV) and Genetic Adjuvant technology

May, 2004

MBTI renamed Profectus BioSciences, Inc.

November, 2004

$2.3M in seed money raised (convertible debt)

January, 2005

Operations commenced

April, 2005

Option agreement signed between Profectus BioSciences and Wyeth to evaluate TSV technology ($5.3 million)

July, 2005

Executed license with UMB and UMBI for AIM Therapy Technology

August, 2005

First NIH RO1 grant awarded for TSV technology ($350,000)

September, 2005

Profectus names Joe Berardino as CEO.

November, 2005

Material Transfer Agreement signed with Leading Veterinary Company for Genetic Adjuvant technology for veterinary applications e.g. Avian Flu, Rabies, etc.

January, 2006

CRADA signed with NCI for Antiviral MAbs

March, 2006

Profectus honored with Incubator Company of the Year Award (MD)

April, 2006

$5.3M Series A round (including conversion of convertible debt)

October, 2006

First Maryland Industrial Partnership (MIPS) grant awarded ($200,000) for AIM Therapy

January, 2007 Second MIPS grant awarded ($100,000) for Genetic Adjuvant technology
March, 2007 Profectus honored as the Best Academic/ Industry Collaboration Award by the Greater Baltimore Committee.
June, 2007 $3M Private Placement of Convertible Notes and Warrants
June, 2007 First NIH Phase 1 SBIR grant awarded for Genetic Adjuvant technology ($300,000)
July, 2007 Second NIH Phase 1 SBIR grant awarded for AIM Therapy technology ($200,000)
January, 2008 Profectus names Shawn Patrick O'Brien as President, CEO.
 



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