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- Brickell Biotech
Brickell Biotech Valuation, Funding & Investors
Brickell Biotech is valued at $1.3B as of February 2015.
Last Brickell Biotech valuation
$1.3B
Series C · Feb 2015
Last Brickell Biotech funding round
$10M
Series C · Feb 2015
Cumulative funding Brickell Biotech raised
$17M
across 2 funding rounds
Key investors in Brickell Biotech
AMOREPACIFIC Ventures
Palisade Capital Management
Charlie Stiefel
About Brickell Biotech
Brickell Biotech is a clinical-stage pharmaceutical company developing prescription therapeutics for skin diseases, with sofpironium bromide as its lead candidate for primary axillary hyperhidrosis. The pipeline advances topical treatments through Phase 3 trials. Leadership draws from roles at companies launching Cialis, Taltz, Gemzar, Prozac, Cymbalta, and Juvederm. Headquartered in Raleigh, North Carolina, Brickell Biotech trades on Nasdaq under BBI.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.3B (Feb 2015)
Sectors
Brickell Biotech Valuation
Brickell Biotech is currently valued at $1.3B, based on its Series C in February 2015.
The $10M round was led by Charlie Stiefel.
Brickell Biotech valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2015 | Series C | $1.3B |
Brickell Biotech Funding History
Brickell Biotech has raised a total of $17M across 2 funding rounds.
Brickell Biotech's first fundraising round was a $7M Series B in February 2013. The most recent completed round was a $10M Series C in February 2015.
Brickell Biotech funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2015 | Series C | Charlie Stiefel (lead) | $10M | $1.3B | Brickell Biotech is a Miami-based pharmaceutical company focused on acquiring, developing, and commercializing therapies for skin diseases. In February 2015, it raised $10 million in a Series C funding round led by Chairman Charlie Stiefel, with participation from existing investors, management, and others, bringing total funding to at least $25.4 million at a $1.3 billion valuation. The proceeds supported growth and development of its innovative dermatology pipeline. The company had initiated a Phase 2b clinical trial for BBI-4000, a novel topical soft anticholinergic for primary axillary hyperhidrosis, following an IND submission to the FDA in December 2014 and positive pilot study results. In January 2015, Brickell acquired rights to BBI-5000, a Phase 1 new molecular entity intended as a once-daily oral treatment for moderate to severe atopic dermatitis. Prior rounds included a $7 million Series B in 2013 led by AmorePacific Ventures and a $6.2 million Series A in 2010. |
| Feb 2013 | Series B | AMOREPACIFIC Ventures (lead); Palisade Capital Management | $7M | - | Brickell Biotech is a Miami-based development-stage pharmaceutical company focused on drug therapies for skin diseases, including acne, atopic dermatitis, and hyperhidrosis. Founded in 2009, the company develops novel chemical entities in dermatology from pre-clinical proof of concept through clinical testing. In February 2013, Brickell Biotech raised $7 million in a Series B financing round led by AMOREPACIFIC Ventures, the corporate venture arm of South Korea's largest cosmetics company AMOREPACIFIC. Existing investor Palisade Concentrated Equity Partnership II, L.P., managed by Palisade Capital Management, also participated. AMOREPACIFIC gained an option to first negotiate an exclusive license for two of Brickell's novel compounds in the Republic of Korea. The proceeds funded advancement of Brickell's pipeline of first-in-class dermatology compounds. This followed a $6.2 million Series A in 2010 and preceded a $10 million Series C in 2015, bringing total funding over $23 million by then. |
Who has invested in Brickell Biotech?
3 investors have backed Brickell Biotech across its funding rounds, including AMOREPACIFIC Ventures, Palisade Capital Management and Charlie Stiefel.
Lead investors include Charlie Stiefel and AMOREPACIFIC Ventures.
Brickell Biotech Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Feb 2013 | ||
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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 Brickell Biotech
Brickell Biotech has acquired 1 company to date.
Last acquisition by Brickell Biotech was on June 3rd 2019. Brickell Biotech acquired Vical for $40M.
Latest Acquisitions by Brickell Biotech
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 3 Jun 2019 |
| Valuation | $40M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Brickell Biotech acquisitions and their M&A valuation multiples. Start Free Trial | |
Brickell Biotech Competitors
Brickell Biotech competitors include listed companies like Maze Therapeutics, Vor Biopharma, Aktis Oncology and GNI Group, and private ones like Kallyope and Alzheon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($140M) | $1.3B | 66.5x | ||
| Publicly listed | - | ($699M) | $1.3B | - | ||
| Publicly listed | $6M | ($72M) | $1.3B | 61.0x | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $173M | ($15M) | $1.3B | 5.6x | ||
| Private | - | - | $1.3B | - |
Brickell Biotech Public Comps
Brickell Biotech is still privately-owned, but its public comps include Maze Therapeutics, Vor Biopharma, Aktis Oncology, GNI Group, HBM Holdings, ORIC Pharmaceuticals, Omeros, Celltrion Pharm, Immatics and MeiraGTx.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($140M) | - | 66.5x | (6.8x) | (5.6x) | |||
| - | ($699M) | - | - | (1.2x) | (3.6x) | |||
| $6M | ($72M) | 117.6x | 61.0x | (10.6x) | - | |||
| $173M | ($15M) | 7.6x | 5.6x | (87.9x) | 644.2x | |||
| $158M | $86M | 6.7x | 5.0x | 12.4x | 11.2x | |||
| - | ($128M) | - | - | (8.4x) | (6.4x) | |||
| - | ($7M) | - | 15.0x | (196.0x) | - | |||
| $390M | $55M | 3.3x | - | 23.3x | - | |||
This data is available for Pro users. Sign up to see all Brickell Biotech competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Brickell Biotech
| When was Brickell Biotech founded? | Brickell Biotech was founded in 2009. |
| Where is Brickell Biotech headquartered? | Brickell Biotech is headquartered in Miami, FL, United States. |
| Is Brickell Biotech publicly listed? | No, Brickell Biotech is a private, VC-backed company. |
| What is Brickell Biotech's valuation? | Brickell Biotech was last valued at $1.3B in its Series C in February 2015. |
| How much funding has Brickell Biotech raised? | Brickell Biotech has raised $17M across 2 funding rounds. |
| What was Brickell Biotech's last funding round? | Brickell Biotech's last funding round was a $10M Series C in February 2015, led by Charlie Stiefel. |
| Who are Brickell Biotech's investors? | Brickell Biotech's investors include AMOREPACIFIC Ventures, Charlie Stiefel and Palisade Capital Management. |
| Which companies are comparable to Brickell Biotech? | Companies comparable to Brickell Biotech include Maze Therapeutics, Vor Biopharma, Aktis Oncology, Kallyope, GNI Group and Alzheon. |
| How many companies has Brickell Biotech acquired? | Brickell Biotech has acquired 1 company, including Vical. |
| What was the largest acquisition by Brickell Biotech? | The $40M acquisition of Vical in June 2019 is the largest acquisition Brickell Biotech has made to date. |
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