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Cf129e87 c678 4f58 a340 3165f0fa4058

Luma Therapeutics

Luma Therapeutics has created a therapeutic light and a high margin disposable patch for rapid and affordable treatment of skin disorders in a patient’s home.

  • Stage Full Product Ready
  • Industry Medical Devices and Equipment
  • Location Millbrae, CA, US
  • Currency USD
  • Founded March 2013
  • Employees 2
  • Incorporation Type C-corp
  • Website lumatherapeutics.com

Company Summary

Psoriasis affects 2.2% of the world’s population and 7.5M people in the US. Direct costs associated with this disease are estimated at over $50B in the US annually. Approximately 89% of psoriasis patients have less than 7% of their body surface area affected, qualifying them for a local rather than systemic therapy. A significant majority of these patients have lesions with morphology treatable by the Luma Light System, representing a target market in the US of about 3.6M.
Psoriasis suffers pay about $200 out-of-pocket annually for mildly effective topical creams, our primary competition. The highly effective Luma Light System will consist of a hand-held light (~$199 one-time cost), and patches that are replaced every 5-7 days. This will generate an annual average revenue/patient of $275 from the disposable patches (>90% margin), which represents a total US market potential in excess of $1B for this therapy. In addition, similar skin disorders represent an expansion opportunity.

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