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- Arvelle Therapeutics
Arvelle Therapeutics Acquisition, Valuation, Funding & Investors
Arvelle Therapeutics was acquired by Angelini Pharma for $960M in January 2021.
Arvelle Therapeutics acquisition price
$960M
Acquired by Angelini Pharma · Jan 2021
Cumulative funding Arvelle Therapeutics raised
$222M
across 2 funding rounds
Key investors in Arvelle Therapeutics
EQT
Andera Partners
H.I.G. BioHealth Partners
Novaquest Capital Management
F-Prime
KB Investment
BRV Capital Management
BPV Capital Management
About Arvelle Therapeutics
Arvelle Therapeutics is a biopharmaceutical firm dedicated to treatments for central nervous system disorders. The company advances therapies targeting unmet needs in neurology from its base in Switzerland. Acquired by Pfizer in 2021, Arvelle previously developed cenobamate for epilepsy, approved in Europe and the U.S. under the brand Xcopri.
Founded
2019
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Valuation
$960M (acquired Jan 2021)
Sectors
Arvelle Therapeutics Acquisition
Arvelle Therapeutics was acquired by Angelini Pharma for $960M on 4 January 2021.
Before the acquisition Arvelle Therapeutics had raised $222M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 4 Jan 2021 | Strategic M&A | $960M |
Arvelle Therapeutics Funding History
Arvelle Therapeutics has raised a total of $222M across 2 funding rounds.
Arvelle Therapeutics' first fundraising round was a $180M Series A in February 2019. The most recent completed round was a $43M Series A in May 2020.
Arvelle Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2020 | Series A | KB Investment; EQT; BRV Capital Management; F-Prime; Novaquest Capital Management; Andera Partners; H.I.G. BioHealth Partners | $43M | Arvelle Therapeutics closed the final tranche of its Series A financing in May 2020, raising USD 42.7 million, which represented 32% of the initial total Series A commitment of USD 133.3 million. Together with USD 74.5 million of previously funded product financing, the tranche brought total capital raised to USD 207.8 million. The tranche was triggered by the European Medicines Agency's acceptance of the marketing authorization application for cenobamate, announced on 26 March 2020. Series A investors include NovaQuest Capital Management, BRV Capital Management, LSP, H.I.G. BioHealth Partners, Andera Partners, F-Prime Capital, KB Investments and members of management. Arvelle said it will use the proceeds to expand operations across Europe, including country-by-country hires ahead of the European launch of cenobamate. Arvelle is a Swiss-headquartered biopharmaceutical company founded in 2019 that develops and commercializes cenobamate, an antiepileptic drug discovered by SK Biopharmaceuticals and SK life science, in the European market under an exclusive license. Cenobamate is approved in the United States for focal-onset seizures in adults under the trademark XCOPRI. Mark Altmeyer is president and chief executive officer. |
| Feb 2019 | Series A | EQT (lead); BPV Capital Management; Novaquest Capital Management; Andera Partners; H.I.G. BioHealth Partners | $180M | Arvelle Therapeutics, founded in 2019 and based in Zug, Switzerland, was a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system (CNS) disorders, particularly cenobamate, an investigational anti-epileptic drug licensed from SK Biopharmaceuticals for the European market. The company was spun off from Axovant and targeted patients with epilepsy, specifically partial-onset seizures. In February 2019, Arvelle raised approximately $180 million in a Series A round led by LSP (part of EQT Life Sciences), with participation from Andera Partners, BRV Capital Management (likely BPV Capital Management), NovaQuest Capital Management, and H.I.G. BioHealth Partners, among others including F-Prime Capital and KB Investments. Sources report the total initial financing as $207.8 million, one of the largest for a European-focused biopharma startup. This funding supported the development and commercialization of cenobamate, which had advanced to NDA acceptance by US regulators by SK Biopharma; Arvelle paid SK $100 million upfront, with potential milestones up to $430 million total. Axovant retained a 5% stake. The company progressed with cenobamate, planning European launch post-EMA approval expected in 2021. Arvelle was acquired by Angelini Pharma in January 2021 in an all-cash deal valued at up to $960 million ($610 million upfront plus $350 million contingent on revenue milestones), with SK Biopharma selling its 12% stake but retaining license payments and revenue shares assumed by Angelini. Post-acquisition, Angelini Pharma gained exclusive rights to commercialize cenobamate in the EU, EEA, UK, and Switzerland, expanding its CNS portfolio and opening new affiliates. |
Who has invested in Arvelle Therapeutics?
8 investors have backed Arvelle Therapeutics across its funding rounds, including EQT, Andera Partners, H.I.G. BioHealth Partners, Novaquest Capital Management, F-Prime and KB Investment.
Lead investors include EQT.
Arvelle Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2019 | ||
| 2 | Participant | Feb 2019 | ||
| 2 | Participant | Feb 2019 | ||
| 2 | Participant | Feb 2019 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
This data is available for Pro users. Sign up to see all 8 Arvelle Therapeutics investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialArvelle Therapeutics Competitors
Arvelle Therapeutics competitors include listed companies like Jade Biosciences, SSY Group, Philogen and Kissei Pharmaceutical, and private ones like InduPro and BDR Pharma.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($135M) | $958M | - | ||
| Publicly listed | $531M | $144M | $963M | - | ||
| Publicly listed | $353M | $295M | $954M | 3.0x | ||
| Publicly listed | $616M | $135M | $967M | 1.1x | ||
| Private | - | - | $950M | - | ||
| Private | $155M | $52M | $949M | 6.1x |
Arvelle Therapeutics Public Comps
Arvelle Therapeutics is no longer listed, but its public comps include Jade Biosciences, SSY Group, Philogen, Kissei Pharmaceutical, Immatics, Strides Pharma, MoonLake, GuangYuYuan Chinese, Alto Neuroscience and Ribolia.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($135M) | - | - | (3.7x) | - | |||
| $531M | $144M | 2.4x | - | 8.9x | - | |||
| $353M | $295M | 1.7x | 3.0x | 2.0x | 4.2x | |||
| $616M | $135M | 1.0x | 1.1x | 4.8x | 16.2x | |||
| $54M | ($227M) | 9.9x | 12.1x | (2.4x) | (2.0x) | |||
| $492M | $106M | 2.3x | 2.1x | 10.9x | 10.7x | |||
| - | ($220M) | - | - | (2.7x) | (2.3x) | |||
| $205M | $23M | 4.2x | - | 38.2x | - | |||
This data is available for Pro users. Sign up to see all Arvelle Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Arvelle Therapeutics
| When was Arvelle Therapeutics founded? | Arvelle Therapeutics was founded in 2019. |
| Where is Arvelle Therapeutics headquartered? | Arvelle Therapeutics is headquartered in Basel, Switzerland. |
| Is Arvelle Therapeutics publicly listed? | No, Arvelle Therapeutics was acquired by Angelini Pharma in January 2021. |
| Who acquired Arvelle Therapeutics? | Arvelle Therapeutics was acquired by Angelini Pharma in January 2021. |
| How much was Arvelle Therapeutics acquired for? | Arvelle Therapeutics was acquired for $960M in January 2021. |
| How much funding has Arvelle Therapeutics raised? | Arvelle Therapeutics has raised $222M across 2 funding rounds. |
| What was Arvelle Therapeutics' last funding round? | Arvelle Therapeutics' last funding round was a $43M Series A in May 2020. |
| Who are Arvelle Therapeutics' investors? | Arvelle Therapeutics' investors include EQT, Novaquest Capital Management, Andera Partners, H.I.G. BioHealth Partners, KB Investment, BRV Capital Management, BPV Capital Management and F-Prime. |
| Which companies are comparable to Arvelle Therapeutics? | Companies comparable to Arvelle Therapeutics include Jade Biosciences, SSY Group, Philogen, Kissei Pharmaceutical, InduPro and BDR Pharma. |
See companies similar to Arvelle Therapeutics
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