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Bonac Corporation

BiotechJapanClosed 2024

Total Raised

Undisclosed

Peak Valuation

Undisclosed

Employees

Year Collapsed

2024

Business model

RNA-based therapeutics research and drug development, including a COVID-19 treatment candidate.

In brief

Developed RNA-based drug candidates, including a COVID-19 treatment project that consumed significant research funds without delivering effective clinical results. Broader efforts to develop marketable pharmaceutical products also struggled to reach commercialization, and by 2023…

See the What Happened tab for the full account.

Key facts

Founded
2003
Closed
2024
Headquarters
Tokyo, Japan
Industry
Biotech
Employees
Revenue
Undisclosed

Related failures

Often compared with: Moderna, Alnylam Pharmaceuticals.