BIOELECTRIC MEDICINE • OCULAR SURFACE REPAIR

Topical bioelectric therapy for corneal repair

GALVANIS is developing OcuRegen™, a prescription small-molecule eye-drop program for persistent corneal epithelial defects (PCED; surface wounds that fail to close and can lead to pain, infection, scarring, and vision loss.

Lead indication: persistent corneal epithelial defects (PCED).

MEASURABLE BIOLOGY

Human donor-cornea studies show wound currents can be measured and pharmacologically modulated.

VISIBLE ENDPOINTS

Closure is local, imageable, and tracked with fluorescein staining.

TOPICAL DELIVERY

Eye drops designed to act locally without electrodes, implants, or hardware.

Persistent corneal epithelial defects are surface wounds that remain open despite supportive care. As closure stalls, patients can move from lubrication, antibiotics, and bandage contact lenses to serum tears, amniotic membrane, tarsorrhaphy, grafting, or transplant.

Galvanis is starting here because the treatment is local, the endpoint is visible, and time-to-closure can be measured directly.

  • About 100,000 people per year are diagnosed with PCED in the U.S. That is large enough to matter clinically and small enough to fall below the 200,000 orphan-disease threshold. Orphan Drug and Fast Track designations both have precedent in this indication.

  • Objective endpoint: complete epithelial closure by fluorescein imaging.

  • When corneal defects fail to close, care escalates to procedures: amniotic membrane grafts, serum tears, tarsorrhaphy, and eventually transplant. These add cost, facility dependence, and patient morbidity. Sutureless ocular amniotic-membrane grafting alone grew from $3.5M to $95.6M in annual Medicare charges between 2011 and 2020, across all ocular indications.¹ GALVANIS aims to intervene earlier and topically, before patients reach that pathway.

  • ¹ Total across all ocular indications (predominantly dry eye). Source: Utilization Patterns and Costs of Ocular Amniotic Membrane Grafts in the Medicare Population, Ophthalmology (2025).

When corneal defects do not close, care escalates

OPPORTUNITY

No therapy is approved for persistent corneal epithelial defects across their underlying causes. The only approved drug that drives corneal healing, cenegermin (Oxervate®), is limited to neurotrophic keratitis. It is dosed six times a day for eight weeks at a list price above $100,000 per course. The broader PCED population, whatever the cause, has no approved pharmacologic option.

Corneal wound currents guide epithelial repair

Why the eye is the right first market

The corneal epithelium maintains a transepithelial potential. When the surface is wounded, that potential is short-circuited and generates wound-directed currents.

Human donor-cornea studies show that these currents can be measured and pharmacologically modulated. Galvanis is translating that biology into a topical therapeutic program, advancing only the candidates that clear predefined wound-current, barrier-safety, and closure gates.

A team built for corneal bioelectric repair

Cody Rasmussen-Ivey, PhD

Founder & CEO

Bioelectricity and regenerative medicine scientist. Built technology for a DARPA-funded bioelectric wound program. Former Colossal Biosciences.

Role
Mechanism translation, candidate strategy, IP/FTO, and CRO execution.

Min Zhao, M.D., Ph.D.

Scientific Advisor, Bioelectric Wound Repair

Professor of Ophthalmology, UC Davis. Pioneer in wound electric fields, corneal electrophysiology, and electrically guided cell migration.

Role
Wound-current assays, pharmacodynamic readouts, and mechanism review.

Mark Mannis, M.D. FACS

Clinical Advisor

Cornea and ocular surface specialist. Former Chair of Ophthalmology, UC Davis. Former President, Eye Bank Association of America.

Role
Indication strategy, clinical relevance, and endpoint review.

Investor snapshot

The ask. GALVANIS is raising a $2.5M pre-seed SAFE (~12-month runway), released in two milestone-gated tranches, to take OcuRegen™ from candidate selection to a seed-ready, proof-of-concept package.

Tranche 1. $525K at close funds candidate selection and the pharmacodynamic validation that gates everything downstream.

Tranche 2. $1.975M, released at the PD gate, funds in vivo proof-of-concept, safety and tolerability, and the IP and diligence package for the seed round.

By month 12. A nominated lead candidate (or a disciplined stop) with in vivo proof-of-concept, a defensible IP position, and an IND-enabling plan.

Detailed milestones, data, and methods are available under NDA.

Partner, invest, or collaborate

If you’re an investor, CRO, media, or scientist/medical professional, we’d like to talk.

Direct contact

Cody@GALVANIS.com

Boston, MA