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In January 2019 Chirinjeev Kathuria co-founded Ocean Biomedical in Rhode Island, United States. The company was also co-founded by Jack Elias, who was Dean of Medicine at Brown University at the time, but currently works as a senior health advisor at Brown. Ocean Biomedical started off as a Brown University biotech "spin-off." The biopharmaceutical company is currently based in Province, Rhode Island. As of 2021 the CEO of the company is Elizabeth Ng. The company works with scientists and research institutions around the world on the research and development projects for new medicines.
In 2021 Ocean Biomedical announced plans to go public and filed for a $100 million, the only known investor is Alan Mendosa Campos.