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Great team with terrific experience, and the Mayo Clinic is impressive and lends tremendous credibility. I have just a couple of questions before I possibly do more: 1. Can you describe your IP and the barriers to entry...","answer":"Hi Alan, Thank you for your investment and the thoughtful and highly relevant questions. 1. Regarding IP, we have just recently converted our provisional patent filing to a non-provisional application. Our submission covers the formula, but also the application of multi-omics to produce phenotypic sub-classifications of diseases. We believe the strength of our IP is not necessarily just the weights applied to variables within the formula (those could be improved over time), but rather the com..."},{"question":"Your timeline states start selling in 45 states in q2 of 2019. Do you plan to, and if so when will you start partnering with clinicians? Also the CLIA sounds straight forward, but does the team have experience meeting these requirements, are there any backup plans if this is n...","answer":"Hi Gentry, great question! The test will be a physician-ordered product and regulations specify that clinical testing for humans must be performed in a CLIA-registered, certified, or accredited laboratory. CLIA is a federal mandate (carried out through CMS), but a handful of states such as CA, PA, MD, RI, and NY have enacted additional registration procedures specific for samples tested from their states. To address those specific requirements (for the former 4), it is best to achieve CAP-acc..."},{"question":"Hi Ross, big supporter of Mayo and place a lot of trust in any originated research growing up in Rochester so I have a lot of trust in the science and management team here and believe this product is well positioned. I am also an early adopter (~3yrs ago) of 23\u0026amp;Me and DNAF...","answer":"Hi Nicolas, thank you for your questions and for your support of our organization! 1. At the present time, we are planning to raise Series A before the maturity date of the note. The amount of equity you would receive upon a conversion event will be based on the Series A valuation (TBD), the discount rate (20%) and valuation cap (9.6M). 2. Regarding ongoing research and IP: Both Dr. Acosta and Dr. Camilleri are well-funded by NIH, foundations, and industry partners to continue their research...."},{"question":"Any updates on the lab retrofitting?","answer":"Hi Nick! Sorry for the delay getting back to you. The retrofitting of the space is nearly complete and we are being told that we can begin occupancy on or around February 1, 2019! We are taking a hardhat tour next week and will be sure to post some pictures of the progress!"},{"question":"I’m looking to invest but I have a few questions. 1. What type of approval will you need from the FDA? 2. Have you thought of expanding internationally? 3. With the Series A can you give me a rough estimate when you expect to start it?","answer":"Hi Carlos, Thanks for your questions and interest in Phenomix! 1. Physician ordered tests developed within a specific lab such as ours (called \"Lab Developed Tests\") are presently regulated through CLIA standards (with oversight from CMS and/or deemed accrediting agencies such as the College of American Pathologists). The FDA has expressed interest in assuming this oversight authority in the future, which if approved by congress, would likely occur over a 5-10 year transition period. For now,..."}],"recent_posts":[{"id":101277,"entity_id":"wefunder:feed_item:101277","title":"Campaign closing soon!","preview":"To our investors and supporters,The end is near! We are in the final hours of our campaign and are so excited at the momentum we've seen in the last few days and truly appreciate your continued support.\u0026nbsp;\u0026nbsp;The past few months have been extraordinarily productive for our team. Just to highlight a few, so\u0026nbsp;far we've:-established a\u0026nbsp;lab\u0026nbsp;in a biotech incubator in St. Paul, MN\u0026nbsp;and we've already begun the\u0026nbsp;equipment installation process-added new staff and several new\u0026...","published_at":"2019-03-14T19:44:46Z","canonical_url":"https://wefunder.com/feed/101277"},{"id":100766,"entity_id":"wefunder:feed_item:100766","title":"Campaign Status \u0026amp; Lab Update","preview":"To our investors and followers,\u0026nbsp;I just toured the\u0026nbsp;lab and I'm excited to announce it is ready for move in! The certificate of occupancy should\u0026nbsp;be issued tomorrow or Monday\u0026nbsp;and as soon as it does we will begin moving equipment in and getting settled. The team is also beginning to grow -- a trusted former colleague, who is a brilliant mind with regards to Mass Spec (the type of technology\u0026nbsp;we are using for the metabolomics testing) has joined on as a technical consultant...","published_at":"2019-02-28T17:39:05Z","canonical_url":"https://wefunder.com/feed/100766"},{"id":99725,"entity_id":"wefunder:feed_item:99725","title":"Lab Update -- It's almost done!","preview":"Last Thursday, Andres and I had an opportunity to visit our lab space\u0026nbsp;to see the latest progress. It looks great! The floors were polished last week and benches, sinks, hoods, and\u0026nbsp;casework will all get installed over the next few weeks. We are expecting to move in the week of February 18th after the certificate of occupancy has been issued.\u0026nbsp; Our space will be located at\u0026nbsp;University Enterprise Laboratories in Saint Paul, MN\u0026nbsp;and is home to a number of early stage startup...","published_at":"2019-01-20T23:29:36Z","canonical_url":"https://wefunder.com/feed/99725"},{"id":99237,"entity_id":"wefunder:feed_item:99237","title":"Dr. Acosta featured in Scientific American!","preview":"We are excited to announce that Phenomix Sciences founder and CEO, Dr. Andres Acosta was featured in this month's issue of Scientific American! In the article\u0026nbsp;Mind Over Meal,\u0026nbsp;Dr. Acosta discusses the complex signaling involved in the gut-brain axis\u0026nbsp;and how treatments must be selected based on each patient's unique abnormalities to guide effective weight loss\u0026nbsp;outcomes.\u0026nbsp; The article also features a fresh perspective\u0026nbsp;for how bariatric surgery is actually responsible...","published_at":"2019-01-11T14:42:13Z","canonical_url":"https://wefunder.com/feed/99237"},{"id":98224,"entity_id":"wefunder:feed_item:98224","title":"Exciting progress for Phenomix!","preview":"As we approach the upcoming holidays, we would like to thank you for your immense support of our campaign. In just a few short weeks in the Wefunder community, we have raised $115,000 (over 50% of our minimum goal) from 80+ angel investors just like you!\u0026nbsp;We are very encouraged by the ongoing level of excitement and hope that you will continue to be advocates for us as you spend\u0026nbsp;time with friends, family, and other loved ones over the upcoming holidays. \u0026nbsp;Thank you again for your...","published_at":"2018-12-18T16:40:20Z","canonical_url":"https://wefunder.com/feed/98224"}],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-04T20:10:10Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-04T05:02:09Z","as_of":"2026-06-04T20:10:10Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-04T05:02:09Z","as_of":"2026-06-04T20:10:10Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-04T20:10:10Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-04T20:10:10Z","confidence":"medium"}}}}}}