AtomVie Global Radiopharma Funding, Investors & Competitors

AtomVie Global Radiopharma has raised $130M across 2 funding rounds, most recently a $90M Series A in June 2023.

Last AtomVie Global Radiopharma funding round

$90M

Series A · Jun 2023

Cumulative funding AtomVie Global Radiopharma raised

$130M

across 2 funding rounds

Key investors in AtomVie Global Radiopharma

  • Avego Management

AtomVie Global Radiopharma Overview

About AtomVie Global Radiopharma

AtomVie Global Radiopharma is a contract development and manufacturing organization for radiopharmaceuticals, supporting theranostics from Phase 1 trials to commercial supply. Facilities in Canada and Belgium handle API synthesis, labeling with isotopes like lutetium-177, and sterile filling under GMP standards. The firm aids partners in oncology and neurology drug pipelines.


Founded

2021

HQ

CanadaCanada

Status

Privately held

Customer focus

B2B

Revenue model

Services

AtomVie Global Radiopharma Funding History

AtomVie Global Radiopharma has raised a total of $130M across 2 funding rounds.

AtomVie Global Radiopharma's first fundraising round was a $40M Series A in August 2022. The most recent completed round was a $90M Series A in June 2023.

AtomVie Global Radiopharma funding rounds

AtomVie Global Radiopharma funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2023Series AAvego Management (lead)$90MAtomVie Global Radiopharma Inc. is a leading global CDMO specializing in the GMP manufacturing, development, and worldwide distribution of radiopharmaceuticals, including radiolabeling with isotopes such as Lu-177, Ac-225, and I-131 for ligands from small compounds to antibodies. It originated as a spinout from the Centre for Probe Development and Commercialization (CPDC) in 2021 and is based in Hamilton, Ontario, Canada. The company provides services from process development and validation to clinical and commercial manufacturing, regulatory support, quality, and logistics for radiotherapeutics from Phase 1 to market. On June 1, 2023, AtomVie closed Tranche 2 of its Series A financing led by existing investor Avego Management, LLC, bringing total funds raised across Tranche 1 (August 2022) and Tranche 2 to over $90 million (noted as USD 90 million in some reports and C$90m in others). Avego, a healthcare-focused investment firm founded in 2015 with strategies in private equity, venture capital, and hedge funds, led both tranches; Tranche 1 had a commitment of at least $40 million. The funding supports completion of a 64,000 sq.ft. state-of-the-art, scalable facility set to open in late 2024, enabling handling of clinical and commercial programs. AtomVie is pre-selling manufacturing capacity and positions itself to empower next-generation radiotherapeutics. Bruno Paquin serves as CEO, emphasizing world-class expertise in the radiopharma industry to serve global clients and patients. Competitive context highlights growth in radiopharma CDMOs amid demand for innovative therapies.
Aug 2022Series AAvego Management (lead)$40MAtomVie Global Radiopharma Inc. is a leading global CDMO specializing in the development, manufacturing, and distribution of radiopharmaceuticals, particularly for clinical and commercial GMP production. It spun out from the Centre for Probe Development and Commercialization (CPDC) in late 2021, where its CMO business had operated for seven years supplying therapeutic radiopharmaceuticals. On August 24, 2022, AtomVie announced the closing of its initial Series A financing tranche with Avego Management, a healthcare investment firm, securing a commitment of at least $40 million. Avego led the round as the sole investor mentioned. The proceeds from the August 2022 tranche were intended to expand production capabilities, including building a new state-of-the-art facility in Hamilton, Ontario, to support commercial-stage manufacturing for multiple isotopes like Lu-177, Ac-225, and I-131. This facility aims to scale from clinical GMP to commercial production, complemented by expertise in process development, regulatory support, quality management, and global logistics. Leadership includes CEO Bruno Paquin, COO Dodi Adar, and VP Operations Rezwan Ashique, bringing extensive experience in radiochemistry and pharmaceutical operations. This initial closing formed Tranche 1 of the Series A, followed by additional funding, with over $90M raised by mid-2023 (including a reported C$90M or USD 90M portion led by Avego) to complete the 64,000 sq ft facility buildout. AtomVie plans to meet growing demand for radiotherapeutics in cancer treatment, positioning itself amid expanding market needs for specialized manufacturing infrastructure. Legal advisors included Osler, Hoskin & Harcourt LLP.

Who has invested in AtomVie Global Radiopharma?

1 investor has backed AtomVie Global Radiopharma across its funding rounds, including Avego Management.

Lead investors include Avego Management.


AtomVie Global Radiopharma Investors

Investors in AtomVie Global Radiopharma by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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AtomVie Global Radiopharma Competitors

AtomVie Global Radiopharma competitors include listed companies like Lonza Group and Eli Lilly, and private ones like BioRay Pharmaceuticals, Belief BioMed, Letu and Sonoma Biotherapeutics.

Public and private companies comparable to AtomVie Global Radiopharma
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Lonza GroupSwitzerlandSwitzerlandPublicly listed$7.9B$2.5B$46B5.9x
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Belief BioMedChinaShanghaiPrivate--$1.3B-
LetuChinaShenzhenPrivate--$1.1B-
Sonoma BiotherapeuticsUnited StatesSan Francisco, CAPrivate--$732M-
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x

AtomVie Global Radiopharma Public Comps

AtomVie Global Radiopharma 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 AtomVie Global Radiopharma

When was AtomVie Global Radiopharma founded?AtomVie Global Radiopharma was founded in 2021.
Where is AtomVie Global Radiopharma headquartered?AtomVie Global Radiopharma is headquartered in Canada.
Is AtomVie Global Radiopharma publicly listed?No, AtomVie Global Radiopharma is a private, VC-backed company.
How much funding has AtomVie Global Radiopharma raised?AtomVie Global Radiopharma has raised $130M across 2 funding rounds.
What was AtomVie Global Radiopharma's last funding round?AtomVie Global Radiopharma's last funding round was a $90M Series A in June 2023, led by Avego Management.
Who are AtomVie Global Radiopharma's investors?AtomVie Global Radiopharma's investors include Avego Management.
Which companies are comparable to AtomVie Global Radiopharma?Companies comparable to AtomVie Global Radiopharma include Lonza Group, BioRay Pharmaceuticals, Belief BioMed, Letu, Sonoma Biotherapeutics and Eli Lilly.

See companies similar to AtomVie Global Radiopharma

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