- Companies
- Alpha Biopharma
Alpha Biopharma Valuation, Funding & Investors
Alpha Biopharma is valued at $595M as of April 2022.
Last Alpha Biopharma valuation
$595M
Series B · Apr 2022
Last Alpha Biopharma funding round
$24M
Series B · Jun 2024
Cumulative funding Alpha Biopharma raised
$94M
across 4 funding rounds
Key investors in Alpha Biopharma
Qiming Venture Partners
TF Capital
LYZZ Capital
About Alpha Biopharma
Alpha Biopharma is a Shanghai-headquartered clinical-stage biopharmaceutical company advancing innovative drugs in oncology, immunology, and metabolic diseases. The firm conducts global trials in partnership with CROs and in-licenses assets from international developers, maintaining R&D facilities in China and the US.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$595M (Apr 2022)
Alpha Biopharma Valuation
Alpha Biopharma is currently valued at $595M, based on its Series B in April 2022.
Alpha Biopharma's valuation has moved from $595M at its Series A in June 2018 to $595M in April 2022, across 3 priced rounds.
Alpha Biopharma valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series B | $595M |
| Apr 2021 | Series B | $588M |
| Jun 2018 | Series A | $595M |
Alpha Biopharma Funding History
Alpha Biopharma has raised a total of $94M across 4 funding rounds.
Alpha Biopharma's first fundraising round was a $37M Series A in June 2018. The most recent completed round was a $24M Series B in June 2024.
Alpha Biopharma funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2024 | Series B | Qiming Venture Partners | $24M | - | Alpha Biopharma Inc. is a Shanghai-based biopharmaceutical company founded in 2017 that focuses on developing innovative therapies for advanced non-small cell lung cancer (NSCLC). The company's lead candidate, AZD3759 (later developed as Zorifertinib), is an EGFR tyrosine kinase inhibitor designed to treat EGFR-positive NSCLC with CNS metastases, addressing a major clinical gap where currently available TKIs show limited efficacy due to poor blood-brain-barrier penetration. In June 2018, Alpha Biopharma raised $37 million as the first tranche of a planned $65 million Series A round led by Qiming Venture Partners, with additional participation from TF Fund and LYZZ Healthcare Venture Fund. The funding was intended to advance AZD3759 into Phase II clinical trials. Zorifertinib has achieved significant clinical recognition, being recommended as a Grade I treatment option in the 2025 CSCO NSCLC clinical guidelines and included in the 2024 China Oncology Development Report by CACA, demonstrating its impact on the Chinese oncology market. |
| Apr 2022 | Series B | - | $8M | $595M | Alpha Biopharma raised $8M in a Series B-II funding round on April 1, 2022, from undisclosed investors. The company has raised a total of $80M across 4 funding rounds, with investors including Qiming Venture Partners, TF Capital, and LYZZ Capital. A prior valuation of $588M was reported in May 2021. |
| Apr 2021 | Series B | Qiming Venture Partners | $25M | $588M | Alpha Biopharma is a biotechnology company that has raised a total of $80M across 4 funding rounds. Investors include Qiming Venture Partners, TF Capital, and LYZZ Capital, with a total of 3 investors. Qiming Venture Partners participated in its Series B funding round in 2021, following earlier Series A and a 2020 loan round. The company's valuation was reported as $588M in May 2021, with Qiming's last funding involvement listed as May 24, 2021. A later Series B - II round of $8M occurred on April 1, 2022. |
| Jun 2018 | Series A | Qiming Venture Partners (lead); LYZZ Capital; TF Capital | $37M | $595M | Alpha Biopharma is a Shanghai-based biopharmaceutical company focused on developing innovative therapies. In June 2018, it completed the first close of its Series A financing, raising $37 million led by Qiming Venture Partners, with participation from LYZZ Capital and TF Capital, as part of a targeted $65 million round. DealStreetAsia and China Money Network covered the $37 million first close led by Qiming. The company continued raising funds, reaching a total of $80 million over four rounds by 2022, including later Series B extensions. |
Who has invested in Alpha Biopharma?
3 investors have backed Alpha Biopharma across its funding rounds, including Qiming Venture Partners, TF Capital and LYZZ Capital.
Lead investors include Qiming Venture Partners.
Alpha Biopharma Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2018 | ||
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Start Free TrialAlpha Biopharma Competitors
Alpha Biopharma competitors include listed companies like Novartis India and Agomab Therapeutics, and private ones like Terray Therapeutics, Sonoma Biotherapeutics, Huaota Biopharm and Letu.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $600M | - | ||
| Publicly listed | $37M | $10M | $536M | - | ||
| Private | - | - | $732M | - | ||
| Private | - | - | $440M | - | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | - | ($74M) | $594M | 975.9x |
Alpha Biopharma Public Comps
Alpha Biopharma is still privately-owned, but its public comps include Agomab Therapeutics, Allogene Therapeutics, Shattuck Labs, Bright Minds Biosciences, Alkaloid, Aquestive Therapeutics, Avalon Pharma, Cormedix, Scribe Therapeutics and TTY Biopharm.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($74M) | - | 975.9x | (4.2x) | (3.8x) | |||
| - | ($197M) | - | 122.7x | (1.7x) | (1.7x) | |||
| $1M | ($48M) | 380.5x | 1056.9x | (8.0x) | (6.3x) | |||
| - | ($10M) | - | - | (39.2x) | (10.0x) | |||
| $391M | $62M | 1.7x | - | 10.7x | - | |||
| $45M | ($71M) | 12.2x | 11.3x | (7.7x) | (15.2x) | |||
| $123M | $34M | 5.1x | 4.6x | 18.2x | 18.3x | |||
| $312M | $164M | 1.6x | 1.5x | 3.0x | - | |||
This data is available for Pro users. Sign up to see all Alpha Biopharma competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Alpha Biopharma
| When was Alpha Biopharma founded? | Alpha Biopharma was founded in 2017. |
| Where is Alpha Biopharma headquartered? | Alpha Biopharma is headquartered in Guangzhou, China. |
| Is Alpha Biopharma publicly listed? | No, Alpha Biopharma is a private, VC-backed company. |
| What is Alpha Biopharma's valuation? | Alpha Biopharma was last valued at $595M in its Series B in April 2022. |
| How much funding has Alpha Biopharma raised? | Alpha Biopharma has raised $94M across 4 funding rounds. |
| What was Alpha Biopharma's last funding round? | Alpha Biopharma's last funding round was a $24M Series B in June 2024. |
| Who are Alpha Biopharma's investors? | Alpha Biopharma's investors include Qiming Venture Partners, LYZZ Capital and TF Capital. |
| Which companies are comparable to Alpha Biopharma? | Companies comparable to Alpha Biopharma include Terray Therapeutics, Novartis India, Sonoma Biotherapeutics, Huaota Biopharm, Letu and Agomab Therapeutics. |
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