- Companies
- Catalyst Pharmaceuticals
Catalyst Pharmaceuticals Acquisition, Valuation & Financials
Catalyst Pharmaceuticals was acquired by Angelini Pharma for $4.1B in May 2026, a 7.0x multiple on $589M of revenue.
Catalyst Pharmaceuticals acquisition price
$4.1B
Acquired by Angelini Pharma · May 2026
Catalyst Pharmaceuticals revenue at acquisition
$589M
Last twelve months · May 2026
Catalyst Pharmaceuticals revenue multiple at acquisition
7.0x
EV/Revenue · May 2026
Catalyst Pharmaceuticals EBITDA multiple at acquisition
13.9x
EV/EBITDA · May 2026
Catalyst Pharmaceuticals Overview
About Catalyst Pharmaceuticals
Catalyst Pharmaceuticals Inc is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare and difficult to treat diseases. The Company sells three commercial stage drug products, FIRDAPSE (amifampridine), AGAMREE (vamorolone), and FYCOMPA (perampanel). The Company is currently seeking to further expand its product portfolio, with a focus on acquiring the rights to immediately and near-term accretive assets to treat rare (orphan) diseases across therapeutic areas, including clinical-stage opportunities with established proof of concept.
Founded
2006
HQ
Website
Status
Acquired
Revenue
$589M (May 2026)
Valuation
$4.1B (acquired May 2026)
Sectors
Catalyst Pharmaceuticals Acquisition
Catalyst Pharmaceuticals was acquired by Angelini Pharma for $4.1B on 6 May 2026.
The acquisition price implies a 7.0x revenue and 13.9x EBITDA multiple on $589M of revenue.
Angelini Pharma agreed to acquire Catalyst Pharmaceuticals for $31.50 per share in an all-cash transaction, valuing the company at approximately $4.1 billion equity value. The deal, announced on May 7, 2026, represents a 21% premium to Catalyst’s unaffected closing share price on April 22, 2026, and a 28% premium to the 30-day volume-weighted average price prior to that date. The transaction is subject to shareholder and regulatory approvals. Angelini Pharma, an international pharmaceutical company part of the Angelini Industries Group based in Italy, is entering the U.S. market through this acquisition and consolidating its leadership in brain health and rare diseases. The deal provides Angelini with Catalyst’s rare disease portfolio, including its potential blockbuster FIRDAPSE, supporting U.S. growth ambitions amid prior M&A speculation around the asset. Catalyst Pharmaceuticals, Inc., based in Coral Gables, Florida, and listed on Nasdaq as CPRX, specializes in rare disease treatments. The company operates a focused portfolio in neurology and rare diseases, with FIRDAPSE as a key product. Prior to the deal announcement, Catalyst had demonstrated strong share price performance, including a 22.2% return over the past 30 days and 31.8% year-to-date as of the last close of $30.52.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 6 May 2026 | Strategic M&A | $4.1B | 7.0x | 13.9x |
Catalyst Pharmaceuticals as a Public Company
Catalyst Pharmaceuticals traded as NAS: CPRX before it was taken private. Its acquisition was announced in May 2026. July 2026 is its last month on record as a listed company, with a market cap of $3.9B and an enterprise value of $3.1B.
Over the 4 years before that, its market cap grew from $1.1B in July 2022 to $3.9B.
Catalyst Pharmaceuticals market cap while listed
Catalyst Pharmaceuticals EV/Revenue (LTM) while listed
| As of | Market cap | Revenue (LTM) | EBITDA (LTM) | EBITDA margin | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Jul 2026 | $3.9B | - | - | - | - | - |
| Jul 2025 | $2.6B | $531M | $235M | 44% | 3.8x | 8.7x |
| Jul 2024 | $2B | $435M | $194M | 45% | 4.0x | 8.9x |
| Jul 2023 | $1.5B | $311M | - | - | 4.3x | - |
| Jul 2022 | $1.1B | $175M | - | - | 4.9x | - |
Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Catalyst Pharmaceuticals traded.
Catalyst Pharmaceuticals Competitors
Catalyst Pharmaceuticals competitors include listed companies like Parabilis Medicines, Tango Therapeutics, Yuhan and Indivior Pharmaceuticals, and private ones like Biomat USA and LEO Pharma.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($145M) | $4.1B | - | ||
| Publicly listed | $62M | ($105M) | $4.1B | 187.7x | ||
| Publicly listed | $1.6B | $220M | $4.1B | 2.4x | ||
| Private | - | - | $4.2B | - | ||
| Private | - | $301M | $4.2B | - | ||
| Publicly listed | $1.2B | $282M | $4.2B | 3.5x |
Catalyst Pharmaceuticals Public Comps
Catalyst Pharmaceuticals is no longer listed, but its public comps include Parabilis Medicines, Tango Therapeutics, Yuhan, Indivior Pharmaceuticals, Wockhardt, Caliway Biopharmaceuticals, Aspen Pharmacare, Relay Therapeutics, Emcure Pharmaceuticals and Celcuity.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($145M) | - | - | (20.9x) | - | |||
| $62M | ($105M) | 50.4x | 187.7x | (30.0x) | (15.4x) | |||
| $1.6B | $220M | 2.5x | 2.4x | 18.4x | 28.3x | |||
| $1.2B | $282M | 3.6x | 3.5x | 16.0x | 7.0x | |||
| $347M | $70M | 12.0x | - | 59.8x | - | |||
| $1M | ($17M) | 3194.2x | - | (219.2x) | - | |||
| $2.7B | $200M | 2.2x | 2.7x | 29.6x | 14.2x | |||
| $15M | ($300M) | 200.0x | 259.6x | (10.2x) | (9.2x) | |||
This data is available for Pro users. Sign up to see all Catalyst Pharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Catalyst Pharmaceuticals
| When was Catalyst Pharmaceuticals founded? | Catalyst Pharmaceuticals was founded in 2006. |
| Where is Catalyst Pharmaceuticals headquartered? | Catalyst Pharmaceuticals is headquartered in United States. |
| Is Catalyst Pharmaceuticals publicly listed? | No, Catalyst Pharmaceuticals was acquired by Angelini Pharma in May 2026. |
| Who acquired Catalyst Pharmaceuticals? | Catalyst Pharmaceuticals was acquired by Angelini Pharma in May 2026. |
| How much was Catalyst Pharmaceuticals acquired for? | Catalyst Pharmaceuticals was acquired for $4.1B in May 2026, a 7.0x revenue multiple. |
| Which companies are comparable to Catalyst Pharmaceuticals? | Companies comparable to Catalyst Pharmaceuticals include Parabilis Medicines, Tango Therapeutics, Yuhan, Biomat USA, LEO Pharma and Indivior Pharmaceuticals. |
| What was Catalyst Pharmaceuticals' market cap before the acquisition? | Catalyst Pharmaceuticals had a market cap of $3.9B in July 2026, its last month on record as a listed company. |
See companies similar to Catalyst Pharmaceuticals
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




