Key points from article :
The company recently emerged from stealth and is now accepting investments by crowdfunding.
When applied topically to the body, Biophysical Therapeutics’ drug reduces metabolic heat generation at that location.
Initial focus is cosmetic applications.
"Since 2021, new US Securities and Exchange Commission [SEC] regulations allow start-ups to accept up to $5 million annually through crowdfunding,” explains founder Dr Michael Forrest.
Biophysical Therapeutics is crowdfunding on the Wefunder platform (funded by Y Combinator).
Target raise = $50,000
Minimum investment = $100