Aristea Therapeutics Funding, Investors & Competitors

Aristea Therapeutics has raised $118M across 3 funding rounds, most recently a $63M Series B in July 2021.

Last Aristea Therapeutics funding round

$63M

Series B · Jul 2021

Cumulative funding Aristea Therapeutics raised

$118M

across 3 funding rounds

Key investors in Aristea Therapeutics

  • Novo Holdings
  • Fidelity
  • Tekla Capital Management
  • Arena Pharmaceuticals

Aristea Therapeutics Overview

About Aristea Therapeutics

Aristea Therapeutics is a New York-based biopharmaceutical company developing oral ITK inhibitors for autoimmune diseases including rheumatoid arthritis and inflammatory bowel disease. Its lead candidate ARD-061 targets T-cell signaling pathways to reduce inflammation without broad immunosuppression. The firm advanced ARD-061 into Phase 1 trials in 2022 following positive preclinical data in animal models.


Founded

2018

HQ

United StatesSan Diego, CA

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Aristea Therapeutics Funding History

Aristea Therapeutics has raised a total of $118M across 3 funding rounds.

Aristea Therapeutics' first fundraising round was a $15M Series A in December 2018. The most recent completed round was a $63M Series B in July 2021.

Aristea Therapeutics funding rounds

Aristea Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2021Series BFidelity (lead); Novo Holdings; Tekla Capital Management; Arena Pharmaceuticals$63MAristea Therapeutics, a biotech spinout from AstraZeneca founded in 2018, develops novel therapies for serious inflammatory orphan diseases, with lead candidate RIST4721, an oral CXCR2 antagonist, targeting palmoplantar pustulosis (PPP) and other neutrophil-mediated conditions like hidradenitis suppurativa (HS) and inflammatory bowel disease (IBD). The company closed a $63 million Series B financing on July 27, 2021, led by Fidelity Management & Research Company LLC, with participation from existing investor Novo Holdings A/S, Arena Pharmaceuticals ($10 million equity investment), and Tekla Capital Management LLC. The round consisted of a first tranche of $39.6 million and a second tranche of $23.4 million from nine investors under Regulation D. Concurrently, Arena Pharmaceuticals entered a strategic collaboration, providing a separate $60 million upfront payment for an exclusive option to acquire Aristea after Phase 2b results of RIST4721 in PPP, bringing the total tied investment to $123 million. Arena's interest stemmed from RIST4721's broad clinical utility in inflammation and immunology, aligning with their expertise in dermatology and gastroenterology. Loretta Tse from Tekla joined Aristea's board, and Maurice Mezzino from Arena became a board observer. Aristea had previously reported Phase 2a results for RIST4721 in 2020.
Oct 2020Undisclosed stage-$40MAristea Therapeutics is a biopharmaceutical company focused on developing novel immunotherapy drugs for the treatment of orphan diseases. The company completed a $63 million Series B financing round on July 27, 2021, with the round led by Fidelity Management & Research Company LLC and including participation from Novo Holdings A/S, Arena Pharmaceuticals Inc. ($10 million), and funds managed by Tekla Capital Management LLC. The Series B consisted of two tranches, with a second tranche of $23.4 million closing in July 2021. The company subsequently inked an up-to-$70 million strategic collaboration with Arena Pharmaceuticals to advance RIST4721, with Arena agreeing to pay Aristea $60 million as part of this arrangement.
Dec 2018Series ANovo Holdings (lead)$15MAristea Therapeutics launched as a spin-out from AstraZeneca in December 2018 with $15 million in Series A funding from Novo Holdings. The company obtained exclusive global rights to RIST4721, an oral CXCR2 antagonist in Phase 2 for palmoplantar pustulosis (PPP) and other inflammatory orphan diseases. Aristea focuses on developing novel therapies for serious inflammatory conditions with unmet medical needs.

Who has invested in Aristea Therapeutics?

4 investors have backed Aristea Therapeutics across its funding rounds, including Novo Holdings, Fidelity, Tekla Capital Management and Arena Pharmaceuticals.

Lead investors include Fidelity and Novo Holdings.


Aristea Therapeutics Investors

Investors in Aristea Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Novo HoldingsDenmarkCopenhagen2LeadDec 2018
FidelityUnited StatesBoston, MA1LeadJul 2021

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Aristea Therapeutics Competitors

Aristea Therapeutics competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Aristea Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Aristea Therapeutics Public Comps

Aristea Therapeutics is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Aristea Therapeutics

When was Aristea Therapeutics founded?Aristea Therapeutics was founded in 2018.
Where is Aristea Therapeutics headquartered?Aristea Therapeutics is headquartered in San Diego, CA, United States.
Is Aristea Therapeutics publicly listed?No, Aristea Therapeutics is a private, VC-backed company.
How much funding has Aristea Therapeutics raised?Aristea Therapeutics has raised $118M across 3 funding rounds.
What was Aristea Therapeutics' last funding round?Aristea Therapeutics' last funding round was a $63M Series B in July 2021, led by Fidelity.
Who are Aristea Therapeutics' investors?Aristea Therapeutics' investors include Novo Holdings, Fidelity, Tekla Capital Management and Arena Pharmaceuticals.
Which companies are comparable to Aristea Therapeutics?Companies comparable to Aristea Therapeutics include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

See companies similar to Aristea Therapeutics

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