98% of the drugs that work in the body never reach the brain because of its built-in defence, the Blood-Brain Barrier, thus leaving millions of patients (cancer, neurodegenerative diseases, neurogenetic disorders) with no effective treatments. At TheraSonic, we use focused ultrasound to open this barrier accurately and reversibly, boosting drug delivery exactly where it’s needed, painlessly and without surgery. Building on strong pre-clinical evidence, we are 4 months away from our first patient with Gustave Roussy hospital: the doors to the brain are finally opening.

31
remaining days
186 investors
Investment achieved
1.279.669€
Target
1.200.000€
Invested
106.6%
106.6% INVESTED
Maturity

Premarket/clinical phase

Premoney valuation

5.800.000

Estimated exit

2030-2032

Sector

Medical devices

Equity offered

19%

Minimum investment

1.000

Paris flag
Equity L
Tax deduction L
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Overview: Therasonic

Valuation 5.800.000
Estimated return x19
% Offered 19%
Estimated exit 2030-2032

2-minute, non-invasive ultrasound temporarily opens the blood–brain barrier to boost brain drug delivery—no surgery, no radiation.

Up to 19× more drug delivery and 2.5× higher efficacy shown in animal models.

Patented robotic guidance enables fast, precise, and standardised treatment of multiple brain targets in one session.

Hair-compatible treatment: no head shaving required, enabling comfortable and repeatable therapy for chronic diseases.

Backed by Gustave Roussy, a leading cancer centre and promoter of the First-in-Human clinical trial.

Highest standards in personalised ultrasound dose adjustment to maximise drug efficacy while avoiding side effects.

98% OF DRUG THERAPIES ARE BLOCKED OUT OF THE BRAIN BY THE BLOOD-BRAIN BARRIER

Approximately 98% of known drugs do not reach the brain because of the Blood-Brain Barrier (BBB). While this natural defence protects the brain, it also severely limits the efficacy of drugs, such as chemotherapies, antibodies and gene therapies: this is the main bottleneck for drug development in neurology. To compensate for reduced efficacy, clinicians rely on high systemic doses or invasive intracerebral delivery, increasing toxicity and costs. Consequently, 60 to 70 million patients worldwide—including those with brain cancers, neurodegenerative disorders and genetic diseases—remain without effective therapeutic options.

THERASONIC OPENS THE BLOOD-BRAIN BARRIER WITH FOCUSED ULTRASOUND, LETTING DRUGS INTO THE BRAIN WITHOUT SURGERY

TheraSonic lets drugs into the brain by opening the BBB without surgery: its technology leverages transcranial Focused Ultrasound (FUS) to induce a fully reversible permeabilisation of the BBB, allowing therapeutic molecules to diffuse into the diseased brain regions. This process is surgery-free and painless, with full BBB opening achievable in less than 1h in ambulatory settings. A robotic guidance system ensures FUS targeting accuracy and repeatability, enabling the treatment of multiple brain areas (e.g., brain metastases) or large brain volumes (e.g., diffused neurodegeneration) during each session. This approach facilitates repeat treatments and simplifies integration into the clinical workflow.

ANIMAL TESTS DEMONSTRATE DOUBLED SURVIVAL IN BRAIN CANCER MODELS

TheraSonic’s technology relies on 15 years of scientific research conducted at 2 leading French institutions, CEA and CNRS. The program was led by co-founders B. Larrat and A. Novell, internationally recognised experts in therapeutic ultrasound, establishing a robust scientific foundation supporting both FUS efficacy and safety (40+ peer-reviewed publications).

In rodent models, FUS–mediated BBB opening enabled up to a 19-fold increase in drug delivery across a wide range of molecular sizes and up to a 2.5-fold improvement in efficacy, with a doubling of survival in brain cancer models. In non-human primates, 30+ procedures demonstrated safe, repeatable BBB opening, a 7-fold increase in contrast agent concentration in the target areas, high targeting accuracy and absence of adverse events.

THE 2026 FIRST-IN-HUMAN ON BRAIN CANCER IS PROMOTED BY GUSTAVE ROUSSY, WORLD-RENOWNED CANCER CENTRE

Based on strong preclinical results, TheraSonic submitted its First-in-Human (FIH) authorisation request in February 2026. The first brain cancer patient shall be enrolled in mid-2026, marking the transition from preclinical validation to clinical application. This milestone is supported by strategic healthcare partnerships: the company secured €2.7M in funding, including €1M in equity from venture studio M2Care and Gustave Roussy Hospital — 1st cancer hospital in Europe and official sponsor of the FIH. TheraSonic will initiate the clinical evaluation through a feasibility and safety study in brain cancer, with a second pilot trial on brain metastases already in preparation for 2028.

BEYOND CANCER, THERASONIC IS A VERSATILE PLATFORM FOR MULTIPLE BRAIN DISEASES

TheraSonic’s technology may extend to neurodegenerative diseases, genetic disorders and neurotoxicity, boosting the efficacy of existing treatments and future drug candidates. This creates multiple strategic pathways, including partnerships and acquisitions by major medical device or pharmaceutical groups. By enabling these therapies to reach the brain effectively, TheraSonic can unlock significant clinical benefits across oncology, rare diseases and chronic neurological conditions.

WHY NOW? BRAIN DISEASES ARE RISING, THE ULTRASOUND MARKET IS DOUBLING

TheraSonic stands at the crossroads of two fast-growing fields: brain diseases and therapeutic FUS. Brain diseases affect about 60–70M people worldwide today and are projected to reach 150M by 2050, driven by an ageing population and increasing diagnosis rates. The global therapeutic ultrasound market is valued at approximately $3.5B and expected to grow to $6.9B by 2030 (8.2% CAGR). Momentum is supported by rising demand for non-invasive treatments, a growing number of FUS clinical programs, and 1,800+ drug candidates in development for neurodegenerative diseases.

THERASONIC IS FUNDRAISING TO DEVELOP THE COMMERCIAL VERSION OF THE CLINICAL DEVICE

This fundraising will support product industrialisation and regulatory preparation, transforming a clinical prototype into a market-ready platform. With strong preclinical foundations and a clinical launch underway, TheraSonic aims to unlock the full potential of existing and future drugs and expand treatment possibilities for millions of patients worldwide.

Why is Capital Cell investing in this company?

The Blood-Brain Barrier (BBB) is a natural security gate that protects the brain, our most vital organ, from toxins. However, this same shield becomes a massive wall when we try to treat diseases. Today, around 98% of drugs cannot cross it. This biological roadblock leaves between 60 and 70 million patients worldwide suffering from brain metastases, glioblastoma, or neurodegeneration with no viable options.

Current methods for bypassing the BBB are either invasive or drug-specific. Neurosurgical approaches carry significant patient risk, while pharmacological ‘Trojan horse’ strategies are inefficient, as they require a unique, costly redesign for every individual therapy in a company’s pipeline. TheraSonic solves this with a universal approach: a non-invasive, robot-guided ultrasound system that safely and temporarily opens the BBB. This is key because, as the company has demonstrated, it can allow multiple existing therapy (from chemotherapies to modern gene therapies) to finally enter the brain.

The pharmaceutical industry faces a critical infrastructure gap. Giants like Sanofi, Roche, and Eli Lilly manage multi-billion dollar CNS portfolios that often fail due to delivery challenges rather than biological efficacy. The market’s massive appetite for solutions is evidenced by recent high-stakes deals: Acumen’s $555M partnership for a specific Alzheimer’s delivery system, Roche’s $2B agreement with Manifold to bypass the blood-brain barrier (BBB), and Novartis $1.7B license with SciNeuro focused on specialized delivery for neurodegeneration.

By offering a “universal key” to the brain, TheraSonic unlocks the potential of entire existing drug pipelines. This makes the company a highly strategic partner for pharma leaders looking to rescue stalled therapies and dominate the neurology market.

Minimum investment: 1.000
Type of exit expected: Acquisition from a multinational medtech company.
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Tax deductions
Subscribing to the capital of a company, such as a JEIR, allows you to benefit from an income tax reduction equivalent to 50% of the amounts invested, subject to meeting certain conditions. The subscriber must be a natural person, i.e., an individual or sole trader, domiciled for tax purposes in France, and undertake to hold the securities received in exchange for the subscription (shares or stocks) for a minimum period of five years. The amount of payments taken into account for the calculation of this tax reduction is limited to €50,000 for a single, widowed, or divorced person, and to €100,000 for a married or civil partnership couple subject to joint taxation. For more information, you can visit the website: entreprendre.service-public.fr.
Main risks

TheraSonic operates in a highly complex technical field where the main risk remains translational: the key inflection point for investors will be demonstrating in clinical trials that blood-brain barrier opening is as safe in humans as it has been in animal models. Achieving this milestone would be critical to validating the technology and unlocking a meaningful step-up in value. Commercial success will also depend on securing reimbursement pathways and demonstrating to healthcare systems that its use can materially improve the efficacy of existing therapies relative to far more expensive newly developed drugs, thereby supporting adoption in routine clinical practice.