Osteoarthritis and Cartilage · Apr 2025
Scientific paper describing RM-010 as a capsaicin controlled-release system for chronic knee osteoarthritis pain and listing Relevium-affiliated authors.
Platform injectable gel based therapeutic for osteoarthritis
Public company, workplace, funding, and market signals
Galway-based University of Galway spinout developing RM-010, a hydrogel-based, non-opioid treatment platform for chronic pain, with a lead focus on knee osteoarthritis.
Primary product
RM-010 injectable hydrogel for knee osteoarthritis pain relief
Founded
2019
Headquarters
Galway, Ireland
Team size
1-10
Industry
Pharmaceutical Manufacturing
Sub-industry
Biopharmaceuticals / chronic-pain therapeutics
Offices
0 jobs at Relevium Medical
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Business model
Stage
pre-seed / grant-backed early clinical
Total raised
$5.3M
Latest round
Grant · Nov 2024
Latest amount
$4.8M
Leadership
CEO & Co-Founder
Barry McDermott
CTO & Co-Founder
Martin O'Halloran
Scientific Advisor & Co-Founder
Damien Kelly
CFO
Commercialisation Advisor
Principal Scientist
Principal Scientist / Operations Lead
Kevin Behan
Senior Research Chemist
Simona Cacciapuoti
Development Chemist
Mission-driven and female-led; the company publicly emphasizes being innovative, courageous, resilient, committed, honest, and proactive.
Pricing
Per-treatment reimbursed injectable therapy; public pricing is not finalized, but insurance is cited at about $770 per six-month treatment.
Differentiators
Technology
Customers
Competitors
Estimated revenue
≈$330k-$402k estimated annual revenue
Estimated monthly visits
977
Osteoarthritis and Cartilage · Apr 2025
Scientific paper describing RM-010 as a capsaicin controlled-release system for chronic knee osteoarthritis pain and listing Relevium-affiliated authors.
Irish Tech News · Nov 2024
Covers the government-backed funding award, the RestOAre project, and the University of Galway/HookeBio consortium.
Silicon Republic · Nov 2024
Reported the company won €4.6m from the Disruptive Technologies Innovation Fund for the RestOAre project and noted the earlier EIC support for its osteoarthritis program.
University of Galway · Nov 2024
Official university announcement confirming the €4.6m DTIF award, nine-person team, and the collaboration with University of Galway and HookeBio.
Business Post · Jun 2024
Reported that Relevium Medical planned to raise €10m for clinical trials, had raised about €3.4m to date, and expected to add staff and move toward manufacturing.