Processa Pharmaceuticals / GlobeNewswire · Jul 2025
Confirmed the Intact option remained a key strategic partnership and reiterated the potential milestone and royalty economics.
Smart gels for local drug delivery to the gut
Public company, workplace, funding, and market signals
Clinical-stage biopharmaceutical company developing localized GI drug-delivery therapies built around a thermosensitive hydrogel / smart-gel platform to improve retention, local concentration, and reduce systemic exposure.
Primary product
INT-102 thermosensitive hydrogel (smart-gel) platform for localized GI drug delivery
Founded
2015
Headquarters
2627 Hanover Street, Palo Alto, CA 94304, United States
Team size
1-10
Industry
Pharmaceutical Manufacturing
Sub-industry
Biopharmaceuticals; drug delivery
Offices
0 jobs at Intact Therapeutics
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Business model
Stage
clinical-stage; grant-supported and venture-backed
Total raised
$4.7M
Latest round
Grant · May 2024
Leadership
CEO & Co-Founder
Founder & Scientific Advisor
Lorin K. Johnson, PhD
Board Member & Scientific Advisor
Investors
Pricing
not publicly disclosed; likely drug-development and licensing economics
Differentiators
Technology
Customers
Competitors
Processa Pharmaceuticals / GlobeNewswire · Jul 2025
Confirmed the Intact option remained a key strategic partnership and reiterated the potential milestone and royalty economics.
Processa Pharmaceuticals / GlobeNewswire · Jun 2025
Announced Intact’s exclusive option to license PCS12852 for gastroparesis and other GI motility disorders; the deal included near-term cash, milestones, royalties, and an equity stake in Intact.
BioSpace · Jun 2025
Republished the deal announcement and summarized the potential economics and the phase 2 gastroparesis asset.
Benzinga · Jun 2025
Market reaction piece covering Processa’s stock move after the Intact licensing announcement.