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Cytonics

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Cytonics Corp

Healthcare · Technology · Jupiter, FL · Founded 2006

Developing diagnostics and therapeutics for osteoarthritis

Raising nowRaising now on DealMaker

This company has an open fundraising round.

$2.8M raised140 days left
View the live round
Post-money valuation ⓘ
$110.4M
As of Aug 2025 · from Reg A Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$27,500,501
Crowd $22.7M · Private $4.8M · 14 rounds since 2007
Latest share price
$4.00
Reg CF · Common Stock · Feb 2026 offering price

Financials

FY2016–FY2025 (no data for FY2018) · from SEC filings · hover any figure for its source
$294K
−$564K
2017
2018no data
$365K
−$977K
2019
$591K
−$996K
2020
$308K
$2.5M
2021
$405K
$2.8M
2022
$418K
−$1.9M
2023
$307K
−$4.5M
2024
$260K
−$8.6M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 1 earlier year is in the table below.

Metric
FY2016 reviewed*
FY2017 reviewed*
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$219,935
$294,000
$365,169
$591,056
$307,500
$405,000
$417,500
$306,669
$260,000
Cost of goods sold
$0
$0
$0
$0
$0
$0
$2,370,360
$0
$0
Gross margin
100%
100%
100%
100%
100%
100%
-468%
100%
100%
Net income
-$1,427,521
-$564,490
-$976,922
-$995,850
$2,544,189
$2,844,674
-$1,927,629
-$4,526,921
-$8,585,155
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$480,309
$772,330
$537,592
$537,354
$967,757
$1,166,390
$602,933
$2,432,955
$2,147,326
Accounts receivable
$3,000
$42,750
$18,417
$80,000
$123,333
$100,000
$0
$50,000
$50,000
Total assets
$871,544
$1,214,257
$1,056,608
$1,466,746
$1,756,758
$1,437,976
$1,030,187
$2,777,933
$2,412,710
Short-term debt
$51,705
$90,318
$90,318
$157,633
$554,929
$304,246
$176,319
$0
$0
Long-term debt
$0
$794,000
$794,000
$1,961,904
$0
$0
$0
$0
$0
Total liabilities
$51,705
$884,318
$1,219,537
$2,508,163
$554,929
$304,246
$378,336
$1,019,799
$0
Other
Headcount
—
1
1
1
1
1
1
1
1

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$46.2M
pre-money
$58.9M
pre-money
$65.8M
pre-money
$66.6M
pre-money
$104.1M
pre-money
$144.6M
est. pre-money
$115.7M
est. pre-money
Reg A+ · Preferred · May 2020
Reg CF · Preferred · Apr 2022
Reg CF · Series C Preferred · Dec 2023
Reg CF · Preferred · Jun 2024
Reg A+ · Common · Nov 2024
Reg A+ · Equity · Jan 2026
Reg CF · Common · Feb 2026

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$5.00$2.50$2.00
May 2020Feb 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Jan 14, 2026
Series C Preferred Stock · 29.0%Series A Preferred Stock · 3.98%Initial Preferred Stock · 1.24%Series B Preferred Stock · 17.8%Common Stock · 47.9%
ClassOutstandingVotes / shareConvertsAs convertedVotesLiquidationLast price
Series C Preferred Stockpreferred8,399,55811 × Common Stock29.0%32.1%1× · paid 1st$4.00Feb 2026
Series A Preferred Stockpreferred576,19022 × Common Stock3.98%4.4%1× · paid 1st—
Initial Preferred Stockpreferred150,0001.22.4 × Common Stock1.24%0.69%1× · paid 1st—
Series B Preferred Stockpreferred2,574,86512 × Common Stock17.8%9.84%1× · paid 2nd—
Common Stock13,858,4601—47.9%53.0%paid 3rd—
Total25,559,07328,920,128 as converted100%100%

Shares outstanding over timein today's share terms

12M6.1M0
Apr 2020Jan 2026
Common StockInitial Preferred StockSeries A Preferred StockSeries B Preferred StockSeries C Preferred StockSeries C-1 Preferred StockRound opened

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, May 4, 2026

  • Johnson and Johnson Development Corporation3,375,000 Series B Preferred Stock23.2%of votes
  • Gaetano Scuderi, MD6,422,120 Common Stock22.1%of votes
  • Everyone else (not named in filings)54.6%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. “As converted” counts each class in the shares it converts into. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $2.8M / $5MEst. pre-money $115.7M
Reg A+ · Equity · Jan 2026Upcomingvia DealMaker
Raised $0 / $49.4MEst. pre-money $144.6M
Raised $6.3M / $24MInvestors 1,525Post-money $110.4M
Raised $549.2K / $1MInvestors 406Post-money $67.5M
Raised $3.5M / $4.8MInvestors 1,627Post-money $69.4M
Raised $1.7M / $2M
Raised $650KInvestors 1
Raised $2.8M / $5MInvestors 1,391Post-money $61.8M
Raised $4.7M / $19MInvestors 2,544Post-money $50.8M
Reg CF · Debt · Mar 2019Closedvia SeedInvest
Raised $313.4K / $1M
Raised $25KInvestors 1
Raised $794KInvestors 20
Raised $1MInvestors 1
Raised $2.3MInvestors 40

Team

7 people
Gaetano Scuderi, MDFounder
Founder & Chairman of the Board (Part Time)

Gaetano Scuderi, MD is the Founder and Chairman of the Board of Cytonics Corporation. Dr. Scuderi is a fellowship-trained (UCSD, San Diego, CA) spine surgeon who has practiced medicine since 1993. He was also appointed to Clinical Assistant Professor in the Department of Orthopedic Surgery of Stanford University. He graduated medical school from State University of New York (Buffalo, NY) and completed his Residency at University of Miami School of Medicine (Miami, FL). Dr. Scuderi has published over 45 scientific articles and has lectured worldwide. Dr. Scuderi currently practices orthopedic surgery in Jupiter, FL. In addition to his clinical practice and his role with Cytonics, Dr. Scuderi is a 4th-degree black belt in Jiu-Jitsu and the founder/principal instructor of Scuderi Self Defense (Jupiter, FL). Dr. Scuderi’s love for this martial art is only surpassed by his passion for helping the sick and elderly reclaim their mobility and quality of life.

Joey BoseFounder
CEO & President (Full Time)

Mr. Bose has over 10 years’ experience in biotechnology research development and healthcare investment banking. As President of Cytonics, his primary responsibilities include coordinating capital raising efforts, initiating clinical trials for the company’s lead drug candidate (CYT-108), filing and maintaining patent protection of intellectual property, and identifying strategic buyers and out-licensing opportunities for the company. He holds a BS in Biomedical Engineering from the University of Virginia (Charlottesville, VA) and an MS in Biomedical Engineering from Johns Hopkins University (Baltimore, MD).

Anjun (Joey) Bose
CEO
Lewis Hanna, PhD
Chief Scientific Officer (Full Time)

Dr. Hanna has served as Chief Scientific Officer of Cytonics since February 2008. Dr. Hanna has over 28 years’ experience in pharmaceutical research and development, specializing in the development of recombinant protein therapies. He has extensive knowledge of protein folding, purification, formulation, large-scale production, quality, and the regulatory requirements to obtain FDA new drug approval. Until 2004, Dr. Hanna was the Director of Process Development at Alexion Pharmaceutical, and prior to that he was a Group Leader at Bristol-Myers Squibb Pharmaceutical Research Institute. He also served a Principal Research Scientist at R.W. Johnson Pharmaceutical Research Institute (Raritan, NJ) for 7 years. Dr. Hanna received his BS degree from Cairo University (Giza, Egypt), received his PhD from City University of New York (New York City, NY), and completed a postdoctoral fellowship at Cornell University (Ithaca, NY).

Gaetano J. Scuderi, MD
Chief Medical Officer, Chairman
Gordon Ramseier
Director (Part Time)

Mr. Ramseier is the President, co-founder and an equity member of BCI LifeSciences LLC. He has over forty years of origination and operations experience, building and commercializing new technologies. He was a Founder of The Sage Group, and has held senior level executive and board of directors positions with a number of companies in the life sciences industry, including: OncoTherapeutics, ImmuneTech Pharmaceuticals, Inc. (later Dura Pharmaceuticals), the Healthcare Industries Practice of Booz, Allen & Hamilton, G.D. Searle, and Pfizer Laboratories. Mr. Ramseier received his M.B.A. (with distinction) from the Amos Tuck School of Business Administration, Dartmouth College and his B.S. in Chemistry from Washington & Lee University.

Tracy Goeken, MD
Director (Part Time)

Cytonics recently welcomed Tracy Goeken, MD to the company’s Board of Directors. As a member of the Board, Dr. Goeken will help drive the company’s direction and manage clinical trials. Dr. Goeken brings over 15 years of expertise in the biopharmaceutical industry and currently serves as the Chief Medical Officer for Linical Americas, a contract research organization that provides the full spectrum of drug development services. Prior to Linical, Dr. Goeken held positions at The Methodist Hospital Research Institute in Houston, Texas, Pharm-Olam International, Nuron Biotech, and Somahlution. During his tenure as Vice President of Clinical and Medical Affairs at Nuron Biotech Inc., the company secured $80mm in financing for the commercialization and expansion of its vaccine Meningitec.

Names and titles as disclosed on StartEngine, SEC Form 1-A, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 5 of 8 annual reports (FY2018–FY2025)

2,544 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form 1-SASep 21, 20260001104659-26-109262
    EDGAR
  • Form C-UAug 7, 20260001872856-26-000268
    EDGAR
  • Form C-ARMay 4, 20260001872856-26-000160
    EDGAR
  • Form C/AMay 1, 20260001872856-26-000157
    EDGAR
  • Form 1-KApr 29, 20260001104659-26-050668
    EDGAR
  • Form C-UMar 25, 20260001872856-26-000080
    EDGAR
  • Form CFeb 24, 20260001872856-26-000057
    EDGAR
  • Form C-ARFeb 10, 20260001104659-26-012534
    EDGAR
Source: ManualCIK 0001421744FLShare price $4.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.