- Companies
- Biohaven Pharmaceutical
Biohaven Pharmaceutical Acquisition, Valuation, Funding & Investors
Biohaven Pharmaceutical was acquired by Pfizer for $13B in May 2022.
Cumulative funding Biohaven Pharmaceutical raised
$100M
across 2 funding rounds
Key investors in Biohaven Pharmaceutical
RA Capital Management
Venrock
Connecticut Innovations
OUP (Osage University Partners)
Vivo Capital
Rock Springs Capital
Aisling Capital
Aperture Venture Partners
About Biohaven Pharmaceutical
Biohaven Pharmaceutical is a biopharmaceutical company advancing therapies for neurological disorders including migraine and epilepsy. Headquartered in New Haven, Connecticut, the firm developed rimegepant, approved as Nurtec ODT for acute migraine treatment in the United States and Europe. Biohaven's pipeline features calcitonin gene-related peptide antagonists and glutamate modulators targeting rare epilepsies and ataxia. Acquired by Pfizer in 2022, it operates global clinical programs.
Founded
2013
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$13B (acquired May 2022)
Sectors
Biohaven Pharmaceutical Acquisition
Biohaven Pharmaceutical was acquired by Pfizer for $13B on 10 May 2022.
Before the acquisition Biohaven Pharmaceutical had raised $100M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 10 May 2022 | Strategic M&A | $13B |
Biohaven Pharmaceutical Funding History
Biohaven Pharmaceutical has raised a total of $100M across 2 funding rounds.
Biohaven Pharmaceutical's first fundraising round was a $80M undisclosed-stage round in November 2016. The most recent completed round was a $20M undisclosed-stage round in March 2017.
Biohaven Pharmaceutical funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2017 | Undisclosed stage | - | $20M | Biohaven Pharmaceutical closed a Series A preferred financing in February 2017 with a second tranche of $40 million, bringing the total Series A proceeds to $80 million in gross funding. In May 2017, the company completed an initial public offering, raising $193.5 million in gross proceeds with net proceeds of $176.4 million after underwriting costs. By July 2017, Biohaven was a publicly traded company and no longer a private VC-backed entity. The company's pipeline included trigriluzole for spinocerebellar ataxia, which received FDA Fast Track Designation, and glutamate modulation platform candidates including lanicemine and BHV-5000, which were in-licensed from AstraZeneca. |
| Nov 2016 | Undisclosed stage | Venrock (lead); Knoll Capital Management; John W. Childs; Aperture Venture Partners; Litmore Capital; Connecticut Innovations; Vivo Capital; Rock Springs Capital; RA Capital Management; Greg Bailey; Aisling Capital; OUP (Osage University Partners) | $80M | - |
Who has invested in Biohaven Pharmaceutical?
12 investors have backed Biohaven Pharmaceutical across its funding rounds, including RA Capital Management, Venrock, Connecticut Innovations, OUP (Osage University Partners), Vivo Capital and Rock Springs Capital.
Lead investors include Venrock.
Biohaven Pharmaceutical Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| -- | 1 | Participant | Nov 2016 | |
| 1 | Participant | Nov 2016 | ||
| 1 | Participant | Nov 2016 | ||
| -- | 1 | Participant | Nov 2016 | |
| 1 | Participant | Nov 2016 | ||
| 1 | Participant | Nov 2016 | ||
| 1 | Lead | Nov 2016 | ||
| 1 | Participant | Nov 2016 | ||
| 1 | Participant | Nov 2016 | ||
| 1 | Participant | Nov 2016 | ||
This data is available for Pro users. Sign up to see all 12 Biohaven Pharmaceutical 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 TrialAcquisitions by Biohaven Pharmaceutical
Biohaven Pharmaceutical has acquired 2 companies to date.
Last acquisition by Biohaven Pharmaceutical was on February 25th 2022. Biohaven Pharmaceutical acquired Channel Biosciences for $3B.
Latest Acquisitions by Biohaven Pharmaceutical
| Description | Channel Biosciences develops the Kv7 ion channel platform targeting epilepsy and neurologic disorders. The San Diego-based company advances small-molecule activators through preclinical stages, partnering with academic institutions for compound validation. Its lead candidates modulate neuronal excitability for treatment-resistant conditions. | Kleo is a biopharmaceutical company developing Antibody Recruiting Molecules and Synthetic Antibody Mimics for cancer and infectious diseases. Headquartered in Cambridge, Massachusetts, its ARMs platform redirects endogenous antibodies to degrade tumor cells, while SyAMs mimic antibody functions orally. Founded in 2015, Kleo advances candidates like KPM-1 for solid tumors through preclinical stages with partnerships including Takeda. |
| HQ Country | ||
| HQ City | Pittsburgh, PA | New Haven, CT |
| Deal Date | 25 Feb 2022 | 7 Jan 2021 |
| Valuation | $3B | $35M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Biohaven Pharmaceutical acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Biohaven Pharmaceutical
Biohaven Pharmaceutical has invested in 2 companies to date.
Latest investment by Biohaven Pharmaceutical was on March 1st 2021. Biohaven Pharmaceutical invested in Artizan Biosciences in their $19M Series A round.
Latest Investments by Biohaven Pharmaceutical
| Description | Artizan Biosciences is a Durham-headquartered immunotherapy company developing microbial ecosystem therapeutics for inflammatory bowel diseases like Crohn's and ulcerative colitis. Its platform engineers Clostridia strains to modulate immune responses, with AB-301 in Phase 1 trials funded by $60 million Series A. | Kleo is a biopharmaceutical company developing Antibody Recruiting Molecules and Synthetic Antibody Mimics for cancer and infectious diseases. Headquartered in Cambridge, Massachusetts, its ARMs platform redirects endogenous antibodies to degrade tumor cells, while SyAMs mimic antibody functions orally. Founded in 2015, Kleo advances candidates like KPM-1 for solid tumors through preclinical stages with partnerships including Takeda. |
| HQ Country | ||
| HQ City | New York City, NY | New Haven, CT |
| Deal Date | 1 Mar 2021 | 14 Nov 2018 |
| Round | Series A | Series B |
| Raised | $19M | $21M |
| Investors | Elm Street Ventures; Connecticut Innovations; Hatteras Venture Partners; OUP (Osage University Partners) | PeptiDream |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Biohaven Pharmaceutical investments and their VC round multiples. Start Free Trial | ||
Biohaven Pharmaceutical Competitors
Biohaven Pharmaceutical competitors include listed companies like Alteogen, CSPC Pharma Group, BridgeBio Pharma and Orion, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $157M | $122M | $13B | 42.1x | ||
| Publicly listed | $3.9B | $904M | $13B | 2.3x | ||
| Publicly listed | $502M | ($569M) | $13B | 17.1x | ||
| Publicly listed | $2.2B | $785M | $13B | 5.6x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
Biohaven Pharmaceutical Public Comps
Biohaven Pharmaceutical is no longer listed, but its public comps include Alteogen, CSPC Pharma Group, BridgeBio Pharma, Orion, BioMarin Pharmaceutical, Sino Biopharmaceutical, Halozyme Therapeutics, Recordati, Corcept Therapeutics and Madrigal Pharmaceuticals.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $157M | $122M | 79.9x | 42.1x | 102.6x | 65.1x | |||
| $3.9B | $904M | 2.7x | 2.3x | 11.6x | 6.8x | |||
| $502M | ($569M) | 29.8x | 17.1x | (26.3x) | (36.3x) | |||
| $2.2B | $785M | 6.1x | 5.6x | 16.8x | 15.1x | |||
| $3.2B | $498M | 4.9x | 4.3x | 32.0x | 17.7x | |||
| $4.7B | $1.1B | 2.7x | 2.5x | 11.5x | 8.5x | |||
| $1.4B | $496M | 10.3x | 8.4x | 28.9x | 13.6x | |||
| $3B | $1B | 4.9x | 4.6x | 14.3x | 12.5x | |||
This data is available for Pro users. Sign up to see all Biohaven Pharmaceutical competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Biohaven Pharmaceutical
| When was Biohaven Pharmaceutical founded? | Biohaven Pharmaceutical was founded in 2013. |
| Where is Biohaven Pharmaceutical headquartered? | Biohaven Pharmaceutical is headquartered in New Haven, CT, United States. |
| Is Biohaven Pharmaceutical publicly listed? | No, Biohaven Pharmaceutical was acquired by Pfizer in May 2022. |
| Who acquired Biohaven Pharmaceutical? | Biohaven Pharmaceutical was acquired by Pfizer in May 2022. |
| How much was Biohaven Pharmaceutical acquired for? | Biohaven Pharmaceutical was acquired for $13B in May 2022. |
| How much funding has Biohaven Pharmaceutical raised? | Biohaven Pharmaceutical has raised $100M across 2 funding rounds. |
| What was Biohaven Pharmaceutical's last funding round? | Biohaven Pharmaceutical's last funding round was a $20M undisclosed-stage round in March 2017. |
| Who are Biohaven Pharmaceutical's investors? | Biohaven Pharmaceutical's investors include Knoll Capital Management, John W. Childs, Aperture Venture Partners, Litmore Capital, Connecticut Innovations, Vivo Capital, Venrock, Rock Springs Capital, RA Capital Management, Greg Bailey and 2 others. |
| Which companies are comparable to Biohaven Pharmaceutical? | Companies comparable to Biohaven Pharmaceutical include Alteogen, CSPC Pharma Group, BridgeBio Pharma, Orion, Biosplice Therapeutics and Biocon Biologics. |
| How many companies has Biohaven Pharmaceutical acquired? | Biohaven Pharmaceutical has acquired 2 companies, including Channel Biosciences and Kleo. |
| What was the largest acquisition by Biohaven Pharmaceutical? | The $3B acquisition of Channel Biosciences in February 2022 is the largest acquisition Biohaven Pharmaceutical has made to date. |
| How many companies has Biohaven Pharmaceutical invested in? | Biohaven Pharmaceutical has invested in 2 companies, including Artizan Biosciences and Kleo. |
| What was Biohaven Pharmaceutical's last investment? | In March 2021, Biohaven Pharmaceutical invested in Artizan Biosciences' $19M Series A alongside Elm Street Ventures, Connecticut Innovations, Hatteras Venture Partners and 1 other investor. |
See companies similar to Biohaven Pharmaceutical
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




