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a biopharmaceutical company developing novel non-opioid therapies for chronic pain, focused on non-addictive treatments.
Centrexion Therapeutics is a late clinical-stage biopharmaceutical company based in Boston, Massachusetts, that develops novel, non-opioid, and non-addictive therapies for the treatment of chronic pain. The organization focuses on advancing a diverse pipeline of treatments for both human and veterinary applications, primarily targeting unmet medical needs without the associated risks of traditional opioid addiction. To expand its clinical portfolio, the enterprise in-licensed three distinct non-opioid pain programs from the pharmaceutical corporation Boehringer Ingelheim, which includes the Phase I candidate CNTX-6970 and the selective CB2 agonist CNTX-6016. The private biotech firm is led by Chief Executive Officer Jeff Kindler, who previously served as the CEO of Pfizer, and the company later filed an S-1 registration statement for an initial public offering in 2018. Centrexion Therapeutics was originally founded in 2013 by biotechnology industry veteran Sol Barer.
Centrexion Therapeutics has raised $107.5M across 2 funding rounds.
Centrexion Therapeutics has raised $107.5M in total across 2 funding rounds.
Centrexion Therapeutics has raised $107.5M across 2 funding rounds. Most recently, it raised $40.5M Other Equity in October 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 29, 2020 | $40.5M Venture Round | ELI Lilly And Company, SAM Isaly | — | Announced |
| Jan 1, 2018 | $67M Series D | Sara Nayeem | Avoro Ventures, David Parkinson, Elliott Sigal, 6 Dimensions Capital, ArrowMark Partners, Efung Capital, Interwest Partners, Stella XU | Announced |
Centrexion Therapeutics is a biotechnology company developing novel, non-opioid therapies to treat chronic pain, addressing the safety and efficacy gaps in current treatments amid the opioid crisis.[1][2][3][4] It serves patients with chronic moderate to severe pain conditions—such as osteoarthritis—and healthcare systems burdened by addiction risks, through a broad pipeline including topical gels, injections, spinal deliveries, and oral treatments that target pain signal origins using big data analytics and translational science.[1][3][4] The company also expands into immunology, positioning itself for growth in high-unmet-need markets with partners like Lilly and Boehringer Ingelheim.[3]
Centrexion Therapeutics emerged as a biotech focused on chronic pain innovation, backed by investors like NEA, though specific founding year and founders are not detailed in available records.[2] Its backstory ties to the opioid epidemic's escalation, driving the need for non-addictive alternatives; early milestones include presenting data on CNTX-4975 at 2019 conferences like the British Society for Rheumatology and OARSI World Congress, and in-licensing CNTX-0290 to Eli Lilly.[1][3] Led by CEO Jeffrey B. Kindler (former Pfizer CEO) and a team with drug development expertise—including President/CSO James N. Campbell, M.D., and CMO Randall Stevens, M.D.—the company has evolved from pain-exclusive focus to include immunology, building traction through partnerships with pharma giants and NIH.[3]
Centrexion rides the global push for non-opioid pain solutions amid the chronic pain epidemic affecting millions and straining healthcare from opioid abuse, deaths, and addiction.[1][4] Timing aligns with surging governmental and private support for such therapies, amplified by post-2019 regulatory shifts favoring alternatives to opioids.[1][3] Market forces like rising chronic pain prevalence and immunology advances favor its multi-modal pipeline, influencing the biotech ecosystem by bridging unmet needs through partnerships that accelerate development and validate non-addictive innovations.[2][3][4]
Centrexion is poised for pipeline milestones, including advancing non-opioid pain candidates and immunology assets, potentially through further partnerships or IPO pursuits as pre-IPO interest grows.[3][5] Trends like expanded non-opioid funding and immunology breakthroughs will shape its path, evolving its influence from pain specialist to broader therapeutics leader—transforming chronic pain management without addiction's shadow.[1][3] This positions it to deliver on its mission of safe, effective relief in a high-need landscape.
Centrexion Therapeutics has raised $107.5M in total across 2 funding rounds.
Centrexion Therapeutics's investors include Eli Lilly and Company, Sam Isaly, Sara Nayeem, Avoro Ventures, David Parkinson, Elliott Sigal, 6 Dimensions Capital, ArrowMark Partners, Efung Capital, InterWest Partners, Stella Xu.