Bryn Pharma Funding, Investors & Competitors

Bryn Pharma has raised $125M across 6 funding rounds, most recently a $27M undisclosed-stage round in May 2023.

Last Bryn Pharma funding round

$27M

Undisclosed stage · May 2023

Cumulative funding Bryn Pharma raised

$125M

across 6 funding rounds

Key investors in Bryn Pharma

Bryn Pharma Overview

About Bryn Pharma

Bryn Pharma specializes in nasal delivery pharmaceuticals, developing a bi-dose intranasal epinephrine formulation for anaphylaxis rescue. The needle-free device offers portability and ease of use over epinephrine auto-injectors, targeting patients with severe allergies.


Founded

2017

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Bryn Pharma Funding History

Bryn Pharma has raised a total of $125M across 6 funding rounds.

Bryn Pharma's first fundraising round was a $9M Series A in July 2018. The most recent completed round was a $27M undisclosed-stage round in May 2023.

Bryn Pharma funding rounds

Bryn Pharma funding rounds
DateStageInvestorsRaisedDeal Summary
May 2023Undisclosed stage-$27MBryn Pharma is a privately held pharmaceutical company based in Raleigh, NC (with some references to Lebanon, NJ), focused on developing and commercializing needle-free intranasal epinephrine nasal spray products like UTULY and Bidose for treating anaphylaxis as alternatives to traditional auto-injectors. The company aims to address delays in epinephrine administration due to needle phobia by offering a portable, pocket-friendly nasal delivery system that is easier to use during life-threatening allergic reactions. Separate disclosures indicate an additional $15 million raised from 82 investors as part of a $20 million offering filed with the SEC, supporting commercialization efforts ahead of FDA approval and launch. Another report notes $26.7 million in venture funding from Fourward Ventures and others on July 5, 2023. Total funding raised by the company exceeds $100-129 million across multiple rounds up to that point. Leadership changes included appointing Sandy Loreaux as CEO in March 2023, with Dr. David Dworaczyk transitioning to senior advisor and head of R&D, and James Borneman as COO to oversee operations for product launch. The company was advancing toward U.S. market application for its epinephrine nasal spray amid preparations for commercial rollout. Bryn Pharma operates in the allergy and anaphylaxis treatment market, competing with established epinephrine auto-injectors by emphasizing needle-free delivery for faster, more accessible emergency response.
Jul 2021Undisclosed stageChazen Capital Partners; Capstone Partners; AllerFund$44MBryn Pharma is a Raleigh, NC-based pharmaceutical company developing needle-free intranasal epinephrine nasal spray (previously BRYN-NDS1C, later UTULY) as an alternative to auto-injectors like EpiPen for treating anaphylaxis, aiming to reduce delays due to needle phobia. Earlier, on October 24, 2019, Bryn raised $17.5 million (Series C) from existing/new investors and a corporate collaborator to fund FDA approval and commercialization preparation after completing pivotal human trials and receiving Fast Track Designation. Subsequent rounds include a Series E for $26.72 million on May 10, 2023, a Series D-II on October 11, 2022, and others, bringing total funding to approximately $125-130 million by 2025, with a latest convertible note of $4.69 million on August 14, 2025. In May 2023, Bryn raised $15 million of a $20 million offering from 82 investors for UTULY commercialization, appointing new CEO Sandy Loreaux and COO James Borneman ahead of FDA approval.
Aug 2020Series ARezVen Partners$11M-
Oct 2019Undisclosed stage-$18MBryn Pharma raised $17.5 million in October 2019 as its fourth financing series, with $15 million from existing and new investors including investment funds, family offices, and private investors, plus $2.5 million from a corporate collaborator. The company developed BRYN-NDS1C, a needle-free, portable, bidose epinephrine nasal spray designed to treat anaphylaxis as an alternative to carrying two separate epinephrine auto-injectors. The financing was intended to fund U.S. FDA approval and commercialization of the product. Bryn Pharma had received Fast Track Designation from the FDA in early 2019 and had completed dosing in its pivotal human trial in October 2019, the same month as the funding announcement. The company's product addresses a significant market opportunity, with an estimated 49 million Americans at risk for anaphylaxis, though studies showed less than half of diagnosed patients carry even one auto-injector.
Feb 2019Undisclosed stage-$17MBryn Pharma, a biotechnology company based in Raleigh, North Carolina, develops a needle-free bidose epinephrine nasal spray (BRYN-NDS1C) for treating anaphylaxis. The product uses Aptar’s Bidose nasal device and complies with practice parameters by containing two doses in one portable device. In February 2019, Bryn Pharma completed a seed round raising $8.5 million. Later in October 2019, the company raised $17.5 million in its Series C round, including $15 million from existing and new investors such as investment funds, family offices, and private investors, plus $2.5 million from a corporate collaborator. The funds supported U.S. FDA approval preparation and commercialization of BRYN-NDS1C, which received Fast Track designation earlier in 2019 and completed dosing in a pivotal human trial in October 2019. Bryn Pharma has raised a total of approximately $129.89 million across 9 funding rounds, with later rounds including Series D in 2021 and Series E of $26.72 million on May 10, 2023, led by investors like Blue Cloud Ventures and Fourward Ventures.
Jul 2018Series A-$9M-

Who has invested in Bryn Pharma?

4 investors have backed Bryn Pharma across its funding rounds, including Capstone Partners, AllerFund, RezVen Partners and Chazen Capital Partners.


Bryn Pharma Investors

Investors in Bryn Pharma by funding rounds participated
InvestorHQRoundsRoleFirst check
RezVen PartnersUnited StatesLos Angeles, CA1ParticipantAug 2020
Chazen Capital PartnersUnited StatesNew York City, NY1ParticipantJul 2021

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Bryn Pharma Competitors

Bryn Pharma competitors include listed companies like Johnson & Johnson and Roche, and private ones like Biosplice Therapeutics, Biomat USA, ArsenalBio and BioRay Pharmaceuticals.

Public and private companies comparable to Bryn Pharma
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biomat USAUnited StatesLos Angeles, CAPrivate--$4.2B-
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x

Bryn Pharma Public Comps

Bryn Pharma is still privately-owned, but its public comps include Samsung, Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Thermo Fisher Scientific and Siemens.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Samsung$243B$67B4.4x2.4x15.8x4.4x
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

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Common questions about Bryn Pharma

When was Bryn Pharma founded?Bryn Pharma was founded in 2017.
Where is Bryn Pharma headquartered?Bryn Pharma is headquartered in Los Angeles, CA, United States.
Is Bryn Pharma publicly listed?No, Bryn Pharma is a private, VC-backed company.
How much funding has Bryn Pharma raised?Bryn Pharma has raised $125M across 6 funding rounds.
What was Bryn Pharma's last funding round?Bryn Pharma's last funding round was a $27M undisclosed-stage round in May 2023.
Who are Bryn Pharma's investors?Bryn Pharma's investors include RezVen Partners, Chazen Capital Partners, Capstone Partners and AllerFund.
Which companies are comparable to Bryn Pharma?Companies comparable to Bryn Pharma include Johnson & Johnson, Roche, Biosplice Therapeutics, Biomat USA, ArsenalBio and BioRay Pharmaceuticals.

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