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

United StatesUnited States

Status

Acquired

Revenue

$589M (May 2026)

Valuation

$4.1B (acquired May 2026)

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.

Catalyst Pharmaceuticals acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Angelini Pharma
6 May 2026Strategic M&A$4.1B7.0x13.9x

Catalyst Pharmaceuticals as a Public Company

Catalyst Pharmaceuticals traded as NAS: CPRX before it was taken private. Its acquisition was announced in May 2026. June 2026 is its last month on record as a listed company, with a market cap of $3.8B and an enterprise value of $3.1B.

Last-twelve-month revenue was $607M, with EBITDA of $321M (53% margin), and the shares traded at 5.1x EV/Revenue and 9.6x EV/EBITDA.

Over the 4 years before that, its market cap grew from $720M in June 2022 to $3.8B, while revenue grew from $169M to $607M.

Catalyst Pharmaceuticals market cap while listed

Catalyst Pharmaceuticals EV/Revenue (LTM) while listed

Catalyst Pharmaceuticals financials and trading multiples by year while listed
As ofMarket capRevenue (LTM)EBITDA (LTM)EBITDA marginEV/RevenueEV/EBITDA
Jun 2026$3.8B$607M$321M53%5.1x9.6x
Jun 2025$2.7B$525M$238M45%4.0x8.7x
Jun 2024$1.8B$429M$196M46%3.6x7.8x
Jun 2023$1.4B$297M--4.3x-
Jun 2022$720M$169M--3.1x-

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 Relay Therapeutics, Tianjin Pharma, Hubei Jumpcan and Shanghai Junshi, and private ones like Biomat USA and LEO Pharma.

Public and private companies comparable to Catalyst Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Relay TherapeuticsUnited StatesUnited StatesPublicly listed$15M($300M)$4.1B304.1x
Tianjin PharmaChinaChinaPublicly listed$738M$386M$4.1B-
Hubei JumpcanChinaChinaPublicly listed$933M$363M$4.1B2.7x
Shanghai JunshiChinaChinaPublicly listed$375M($100M)$4B9.2x
Biomat USAUnited StatesLos Angeles, CAPrivate--$4.2B-
LEO PharmaDenmarkCopenhagenPrivate-$301M$4.2B-

Catalyst Pharmaceuticals Public Comps

Catalyst Pharmaceuticals is no longer listed, but its public comps include Relay Therapeutics, Tianjin Pharma, Hubei Jumpcan, Shanghai Junshi, Shijiazhuang Yiling, Liquidia, Zhejiang Huahai, Laboratorios Rovi, Santen Pharmaceutical and Aspen Pharmacare.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Relay Therapeutics$15M($300M)214.1x304.1x(11.0x)(10.2x)
Tianjin Pharma$738M$386M5.3x-10.2x-
Hubei Jumpcan$933M$363M2.7x2.7x6.8x-
Shanghai Junshi$375M($100M)11.8x9.2x(44.3x)(685.6x)
Shijiazhuang Yiling$1.2B$332M3.1x3.0x11.0x13.6x
Liquidia$158M($50M)24.5x6.1x(77.7x)-
Zhejiang Huahai$1.3B$250M3.8x3.5x19.8x13.0x
Laboratorios Rovi$834M$242M4.8x4.6x16.5x16.9x

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 Relay Therapeutics, Tianjin Pharma, Hubei Jumpcan, Shanghai Junshi, Biomat USA and LEO Pharma.
What was Catalyst Pharmaceuticals' market cap before the acquisition?Catalyst Pharmaceuticals had a market cap of $3.8B in June 2026, its last month on record as a listed company, trading at 5.1x EV/Revenue.
What was Catalyst Pharmaceuticals' revenue as a public company?Catalyst Pharmaceuticals' last reported twelve-month revenue was $607M (June 2026), with EBITDA of $321M.

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.

Start Trial