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

Arvelle Therapeutics Overview

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

SwitzerlandBasel

Status

Acquired

Customer focus

B2C

Revenue model

Product sales

Valuation

$960M (acquired Jan 2021)

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.

Arvelle Therapeutics acquisition details
AcquirerDateTypePrice
  • Angelini Pharma
4 Jan 2021Strategic 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

Arvelle Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
May 2020Series AKB Investment; EQT; BRV Capital Management; F-Prime; Novaquest Capital Management; Andera Partners; H.I.G. BioHealth Partners$43MArvelle 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 2019Series AEQT (lead); BPV Capital Management; Novaquest Capital Management; Andera Partners; H.I.G. BioHealth Partners$180MArvelle 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

Investors in Arvelle Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
EQTSwedenStockholm2LeadFeb 2019
Novaquest Capital ManagementUnited StatesRaleigh, NC2ParticipantFeb 2019
Andera PartnersFranceParis2ParticipantFeb 2019
H.I.G. BioHealth PartnersUnited StatesMiami, FL2ParticipantFeb 2019
KB InvestmentSouth KoreaSeoul1ParticipantMay 2020
BRV Capital ManagementHong KongHong Kong1ParticipantMay 2020

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Arvelle 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.

Public and private companies comparable to Arvelle Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Jade BiosciencesUnited StatesUnited StatesPublicly listed-($135M)$958M-
SSY GroupChinaChinaPublicly listed$531M$144M$963M-
PhilogenItalyItalyPublicly listed$353M$295M$954M3.0x
Kissei PharmaceuticalJapanJapanPublicly listed$616M$135M$967M1.1x
InduProUnited StatesSeattle, WAPrivate--$950M-
BDR PharmaIndiaMumbaiPrivate$155M$52M$949M6.1x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Jade Biosciences-($135M)--(3.7x)-
SSY Group$531M$144M2.4x-8.9x-
Philogen$353M$295M1.7x3.0x2.0x4.2x
Kissei Pharmaceutical$616M$135M1.0x1.1x4.8x16.2x
Immatics$54M($227M)9.9x12.1x(2.4x)(2.0x)
Strides Pharma$492M$106M2.3x2.1x10.9x10.7x
MoonLake-($220M)--(2.7x)(2.3x)
GuangYuYuan Chinese$205M$23M4.2x-38.2x-

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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.

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