- Companies
- CinRx Pharma
CinRx Pharma Funding, Investors & Competitors
CinRx Pharma has raised $111M across 3 funding rounds, most recently a $73M Series B in May 2024.
Last CinRx Pharma funding round
$73M
Series B · May 2024
Cumulative funding CinRx Pharma raised
$111M
across 3 funding rounds
About CinRx Pharma
CinRx Pharma is a biopharmaceutical company focused on developing novel small-molecule therapies for unmet needs in oncology and neurology. Launched in 2015 and based in Cincinnati, it partners with Medpace for clinical trials across Phases I-III. The pipeline includes CRX100 for glioblastoma and CRX777 for neuropathic pain, leveraging structure-based drug design. CinRx has raised over $50 million and advanced three programs into clinical stages.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
CinRx Pharma Funding History
CinRx Pharma has raised a total of $111M across 3 funding rounds.
CinRx Pharma's first fundraising round was a $28M Series A in December 2015. The most recent completed round was a $73M Series B in May 2024.
CinRx Pharma funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| May 2024 | Series B | $73M | CinRx Pharma, a Cincinnati-based biotech operating a 'hub-and-spoke' model, raised $73 million in financing announced around May 30, 2024, from undisclosed industry insiders and high-net-worth individuals, some repeat investors, bringing total funding to $176 million since 2015. The capital supports its portfolio of subsidiary companies, known as CinCos, advancing drug assets in cardiovascular, metabolic, gastrointestinal, obesity, irritable bowel syndrome, and cancer areas. The model involves in-licensing promising assets, housing them in lean subsidiaries sharing central resources, similar to Roivant Sciences and BridgeBio Pharma. Validation comes from CinCor Pharma, a CinRx spinout developing baxdrostat for hypertension licensed from Roche, which went public in 2022 raising $194 million and was acquired by AstraZeneca in 2023 for $1.3 billion upfront. Current active CinCos include CinFina Pharma with four obesity candidates from Johnson & Johnson (one in Phase 1 as of March 2024, another nearing mid-stage), CinDome Pharma advancing deudomperidone (CIN-102) for gastroparesis in Phase 2 (announced $40M Series B extension on May 16, 2024, totaling $59M from Perceptive Advisors and CinRx), and CinPhloro Pharma with a Phase 2 IBS drug. CinRx also holds investments in vTv Therapeutics (late-stage type 1 diabetes) and preclinical Retromer Therapeutics (neurodegenerative diseases). CEO Jon Isaacsohn highlighted the CinCor exit as model validation, with plans to expand into high unmet need areas using a therapeutic-agnostic asset selection process, strategic CRO partnerships, and insights from extensive development programs to accelerate patient-impacting therapies. |
| Nov 2017 | Series B | $10M | CinRx Pharma closed a $10 million Series B financing round on November 28, 2017, from both current and new investors. This followed a $26 million Series A that closed at the end of 2015, bringing prior total funding to $36 million. The funds advanced CinRx’s broad clinical development pipeline toward clinical trials in diverse indications, including large markets and orphan indications. CinRx expected to file an IND application in the first half of 2018 for its most advanced candidate, CIN-102, for gastroparesis treatment. The company leverages industry-leading clinical expertise to build a portfolio balancing innovative new molecular entities. CinRx partners with Medpace for its first clinical studies launching in 2018. Headquartered in Cincinnati, Ohio, CinRx employs a hub-and-spoke model for biopharmaceutical development, addressing high-value gaps in pharma portfolios across therapeutic areas. |
| Dec 2015 | Series A | $28M | CinRx Pharma is a biotech consulting and investment firm focused on life sciences. The company has been active in investments, such as a $40M Series B co-investment in CinDome on May 16, 2024. |
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Start Free TrialInvestments by CinRx Pharma
CinRx Pharma has invested in 1 company to date.
Latest investment by CinRx Pharma was on May 16th 2024. CinRx Pharma invested in CinDome Pharma in their $40M Series B round.
Latest Investments by CinRx Pharma
| Description | - | - |
| HQ Country | ||
| HQ City | Cincinnati, OH | Cincinnati, OH |
| Deal Date | 16 May 2024 | 27 Apr 2023 |
| Round | Series B | Series B |
| Raised | $40M | $19M |
| Investors | Perceptive Advisors | - |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all CinRx Pharma investments and their VC round multiples. Start Free Trial | ||
CinRx Pharma Competitors
CinRx Pharma competitors include listed companies like Lonza Group and Eli Lilly, and private ones like BioRay Pharmaceuticals, Belief BioMed, Letu and Sonoma Biotherapeutics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.9B | $2.5B | $46B | 5.9x | ||
| Private | $131M | - | $1.9B | 14.5x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $732M | - | ||
| Publicly listed | $65B | $28B | $1.0T | 13.1x |
CinRx Pharma Public Comps
CinRx Pharma is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all CinRx Pharma competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CinRx Pharma
| When was CinRx Pharma founded? | CinRx Pharma was founded in 2015. |
| Where is CinRx Pharma headquartered? | CinRx Pharma is headquartered in Cincinnati, OH, United States. |
| Is CinRx Pharma publicly listed? | No, CinRx Pharma is a private company. |
| How much funding has CinRx Pharma raised? | CinRx Pharma has raised $111M across 3 funding rounds. |
| What was CinRx Pharma's last funding round? | CinRx Pharma's last funding round was a $73M Series B in May 2024. |
| Which companies are comparable to CinRx Pharma? | Companies comparable to CinRx Pharma include Lonza Group, BioRay Pharmaceuticals, Belief BioMed, Letu, Sonoma Biotherapeutics and Eli Lilly. |
| How many companies has CinRx Pharma invested in? | CinRx Pharma has invested in 1 company, including CinDome Pharma. |
| What was CinRx Pharma's last investment? | In May 2024, CinRx Pharma invested in CinDome Pharma's $40M Series B alongside Perceptive Advisors. |
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