- Companies
- Calliditas Therapeutics
Calliditas Therapeutics Acquisition, Valuation, Funding & Investors
Calliditas Therapeutics was acquired by Asahi Kasei for $1.1B in September 2024, a 7.6x multiple on $150M of revenue.
Calliditas Therapeutics acquisition price
$1.1B
Acquired by Asahi Kasei · Sep 2024
Calliditas Therapeutics revenue at acquisition
$150M
Last twelve months · Sep 2024
Calliditas Therapeutics revenue multiple at acquisition
7.6x
EV/Revenue · Sep 2024
Cumulative funding Calliditas Therapeutics raised
$27M
across 2 funding rounds
About Calliditas Therapeutics
Calliditas Therapeutics is a Stockholm-based biopharmaceutical company developing Nefecon, an oral budesonide formulation for IgA nephropathy. Its Phase 3 trial, NefIgArd, met primary endpoints in 2021, positioning the drug for US regulatory approval targeting proteinuric patients.
Founded
1991
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Revenue
$150M (Sep 2024)
Valuation
$1.1B (acquired Sep 2024)
Sectors
Calliditas Therapeutics Acquisition
Calliditas Therapeutics was acquired by Asahi Kasei for $1.1B on 2 September 2024.
The acquisition price implies a 7.6x revenue multiple on $150M of revenue.
Before the acquisition Calliditas Therapeutics had raised $27M across 2 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 2 Sep 2024 | Strategic M&A | $1.1B | 7.6x |
Calliditas Therapeutics Funding History
Calliditas Therapeutics has raised a total of $27M across 2 funding rounds.
Calliditas Therapeutics' first fundraising round was a $15M Series C in October 2013. The most recent completed round was a $12M Series A in October 2015.
Calliditas Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2015 | Series A | - | $12M | - |
| Oct 2013 | Series C | Industrifonden (lead) | $15M | Calliditas Therapeutics is a biopharma company focused on novel treatments for orphan indications, particularly renal diseases like IgA nephropathy with lead candidate Nefecon. Industrifonden made an initial investment via a SEK 20 million convertible loan that converted to a 10% equity stake. Industrifonden later increased its ownership stepwise to 33% and facilitated additional investors. In 2013, Investinor joined Industrifonden and founder Bengt Julander to invest in Calliditas, financing completion of the Phase 2b study for Nefecon. |
Who has invested in Calliditas Therapeutics?
1 investor has backed Calliditas Therapeutics across its funding rounds, including Industrifonden.
Lead investors include Industrifonden.
Calliditas Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Calliditas Therapeutics
Calliditas Therapeutics has acquired 1 company to date.
Last acquisition by Calliditas Therapeutics was on August 13th 2020. Calliditas Therapeutics acquired Genkyotex for $35M.
Latest Acquisitions by Calliditas Therapeutics
| Description | Genkyotex is a biotechnology company that develops small-molecule inhibitors targeting NADPH oxidases to treat diseases driven by oxidative stress. Its lead candidate, GKT137831, entered phase 2 clinical trials for primary biliary cholangitis and focal segmental glomerulosclerosis. The company advanced NOX4 and NOX1/4 dual inhibitors into clinical development for fibrotic and inflammatory conditions. Genkyotex focuses on applications in kidney disease, liver fibrosis, and idiopathic pulmonary fibrosis. Based in Geneva, Switzerland, the firm licensed its technology from the French National Centre for Scientific Research. Novartis acquired Genkyotex in 2018 for up to 120 million euros upfront and milestones. |
| HQ Country | |
| HQ City | Geneva |
| Deal Date | 13 Aug 2020 |
| Valuation | $35M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Calliditas Therapeutics acquisitions and their M&A valuation multiples. Start Free Trial | |
Calliditas Therapeutics Competitors
Calliditas Therapeutics competitors include listed companies like Strides Pharma, MannKind, Cosmo and Seaport Therapeutics, and private ones like La Renon and Antekin Biotech.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $483M | $104M | $1.2B | 2.4x | ||
| Publicly listed | $349M | $43M | $1.2B | 3.3x | ||
| Publicly listed | $120M | $13M | $1.2B | 7.8x | ||
| Publicly listed | - | ($84M) | $1.2B | - | ||
| Private | $180M | $38M | $1.2B | 6.5x | ||
| Private | - | - | $1.2B | - |
Calliditas Therapeutics Public Comps
Calliditas Therapeutics is no longer listed, but its public comps include Strides Pharma, MannKind, Cosmo, Seaport Therapeutics, Apnimed, Blue Jet Healthcare, Everest Medicines, Odyssey Therapeutics, Savara and Ribolia.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $483M | $104M | 2.7x | 2.4x | 12.7x | 12.6x | |||
| $349M | $43M | 3.9x | 3.3x | 31.6x | - | |||
| $120M | $13M | 8.0x | 7.8x | 76.4x | 70.8x | |||
| - | ($84M) | - | - | (10.7x) | (6.5x) | |||
| $38M | ($2M) | 34.4x | - | (571.3x) | - | |||
| $98M | $37M | 11.1x | 9.9x | 29.7x | 31.3x | |||
| $254M | ($72M) | 4.6x | 2.9x | (16.3x) | 22.3x | |||
| $3M | ($151M) | 279.0x | 973.1x | (5.5x) | (4.8x) | |||
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Common questions about Calliditas Therapeutics
| When was Calliditas Therapeutics founded? | Calliditas Therapeutics was founded in 1991. |
| Where is Calliditas Therapeutics headquartered? | Calliditas Therapeutics is headquartered in Stockholm, Sweden. |
| Is Calliditas Therapeutics publicly listed? | No, Calliditas Therapeutics was acquired by Asahi Kasei in September 2024. |
| Who acquired Calliditas Therapeutics? | Calliditas Therapeutics was acquired by Asahi Kasei in September 2024. |
| How much was Calliditas Therapeutics acquired for? | Calliditas Therapeutics was acquired for $1.1B in September 2024, a 7.6x revenue multiple. |
| How much funding has Calliditas Therapeutics raised? | Calliditas Therapeutics has raised $27M across 2 funding rounds. |
| What was Calliditas Therapeutics' last funding round? | Calliditas Therapeutics' last funding round was a $12M Series A in October 2015. |
| Who are Calliditas Therapeutics' investors? | Calliditas Therapeutics' investors include Industrifonden. |
| Which companies are comparable to Calliditas Therapeutics? | Companies comparable to Calliditas Therapeutics include Strides Pharma, MannKind, Cosmo, Seaport Therapeutics, La Renon and Antekin Biotech. |
| How many companies has Calliditas Therapeutics acquired? | Calliditas Therapeutics has acquired 1 company, including Genkyotex. |
| What was the largest acquisition by Calliditas Therapeutics? | The $35M acquisition of Genkyotex in August 2020 is the largest acquisition Calliditas Therapeutics has made to date. |
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