Novilytic, LLC. |
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1281 Win Hentschel Blvd, West Lafayette, IN 47906 Novilytic.com info@novilytic.com |
Private Sector |
Role(s) |
• Novilytic is a molecular recognition company that utilizes nanotechnology to monitor the quality of lifesaving medicines. Our product, the Proteometer, is for pharmaceutical chemists and engineers who develop and produce bad chemistry because they cannot gain process data in real-time. Unlike the 40-year-old technology they use today that take 12 - 24 hours to report, the Proteometer utilizes patented technology to provide answers every 10 minutes. • The impact the Proteometer will play on pharmaceutical manufacturing is very disruptive. Each batch of protein-based drugs costs $20M to produce. It is well documented that 40%-60% of this cost is in purification because they do not gain molecular data in real-time. Our nanotechnology solves this issue, reducing the cost of pharmaceuticals and increasing access to life-saving drugs for all. |
Mission | Making life-saving medications less expensive and available to more people. |
History |
2018 – Novilytic patents the MASC technology, using nano particles for pharmaceutical analysis 2020 – Company’s first product prototype (the Proteometer aka “proteoform meter”) 2021 – Company grows from 3 to 10 employees to hasten product development and commercialization efforts 2021 – Company applies for additional patents 2022 (May) Completed $1.6M Seed Funding Round September 2022 – IEDC grant received December 2022 – Pilot test at instrument companies and major CDMOs begin February 2023 – Nominated for a TechPoint Mira Award in the category of Product Innovation of the Year February 2023 – Launch of 1st Product, Proteometer-L Kit Spring 2024 - J&J Pharmaceuticals presents peer-reviewed paper at industry's largest analytical conference Summer 2023 – Journal of Analytical Chemistry publishes cover story and article on Novilytic technology Q1 2024 - First major distributor listing and $600K contract with major pharma company |
Org | 9 full-time employees with an Orr Fellow and TechPoint Xtern scheduled to start in June. Leadership: • Paul C. Dreier, BSc., MBA – CEO • Fred E. Regnier, Ph.D. – CTO • Timothy E. Woenker, BSc. – COO • Jiri Adamec, Ph.D. – Co-founder and Technical Counsel |
Board | Paul C. Dreier, BSc., MBA – CEO Fred E. Regnier, Ph.D. – CTO Timothy E. Woenker, BSc. – COO Jiri Adamec, Ph.D. – Co-Founder and Technical Counsel Mike Bolinder - Bio Crossroads (& Elevate Ventures) |
Finance | Projected revenue 2023: $2,405,108 Projected revenue 2024: $19,217,493 Projected revenue 2025: $70,930,375 |
Data Source | N/A |
Data Access | N/A |
Tech Capabilities | • The Proteometer is a Hard Tech product designed for plug-and-play connection to >253,000 instruments already present in medicine-making laboratories. • Our laboratories include multiple analytical instruments, chemistry-related sensors, and devices, as well as the software that captures and processes all that data. • The Novilytic Team includes multiple Ph.D. and Masters level analytical chemists, biochemistry engineers, and other scientists |
Projects |
Proteometer-L Kit – Launching February 28, 2023
Proteometer-UFT Kit - Launching Q1 2024
Proteometer-CV Kit – Launching Summer 2024
Proteometer-O2 Kit – Launching Winter 2024
Longer term : Proteometer-PD1
Proteometer-LF
Proteometer-LA
Proteometer-LDC
Additional customer requests |
Future Focus | Novilytic plans to release additional kits that are assay patented consumables kit that solves the largest issue in pharmaceutical development and processing – Real Time Molecular Recognition and Quantification |
Talent Development | • We have strong partnerships with The Orr Fellowship and TechPoint that we hope to continue utilizing for interns and entry-level employees • Many of our employees continue their education through industry certificate. • We are in the early stages of developing a mentorship program |
Data Sharing Agreements |
• National Institute for Innovation in Manufacturing Pharmaceuticals ("NIIMBL" - NIH & Big Pharma manufacturing consortium)
• Multiple major pharmaceutical and CDMO organizations |
Programs/ Publications | Literature | Novilytic |