- Companies
- Corxel Pharmaceuticals
Corxel Pharmaceuticals Valuation, Funding & Investors
Corxel Pharmaceuticals is valued at $474M as of September 2024.
Last Corxel Pharmaceuticals valuation
$474M
Series D · Sep 2024
Last Corxel Pharmaceuticals funding round
$287M
Series D · Jan 2026
Cumulative funding Corxel Pharmaceuticals raised
$452M
across 3 funding rounds
Key investors in Corxel Pharmaceuticals
RTW Investments
RA Capital Management
Invus
HBM Healthcare Investments
SR One
Leaps by Bayer
About Corxel Pharmaceuticals
Jixing Pharmaceuticals is a Shanghai-headquartered biotechnology firm developing therapeutics for cardiovascular and ophthalmic conditions. Its pipeline features JS201 for hypertrophic cardiomyopathy, JS102 for heart failure, JS301 for presbyopia and dry eye, and JS401 for hypertension, with multiple candidates in Phase 2 and 3 trials. Founded in 2019, the company has secured over $300 million in funding and collaborates with global pharma partners.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$474M (Sep 2024)
Sectors
Corxel Pharmaceuticals Valuation
Corxel Pharmaceuticals is currently valued at $474M, based on its Series D in September 2024.
The $3M round was led by Apeloa Pharmaceutical.
Corxel Pharmaceuticals valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2024 | Series D | $474M |
Corxel Pharmaceuticals Funding History
Corxel Pharmaceuticals has raised a total of $452M across 3 funding rounds.
Corxel Pharmaceuticals' first fundraising round was a $162M Series D in January 2024. The most recent completed round was a $287M Series D in January 2026.
Corxel Pharmaceuticals funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series D | RTW Investments; TCG Crossover; HBM Healthcare Investments; SilverArc Capital; Hengdian Group; Invus; SR One; RA Capital Management; Adage Capital Management | $287M | - | Corxel Pharmaceuticals (formerly Jixing Pharmaceuticals, rebranded and relocated to Berkeley Heights, New Jersey) is a clinical-stage biopharmaceutical company founded in Shanghai in 2019. The company focuses on developing therapies for cardiometabolic conditions, with its lead program being CX11, an oral small-molecule GLP-1 receptor agonist acquired from Vincentage in 2024. CX11 is designed to treat obesity and type 2 diabetes, offering a once-daily oral formulation as an alternative to injectable GLP-1 treatments like Wegovy and Ozempic. The company also develops JX10, a pro-thrombolytic and anti-inflammatory drug for acute ischemic stroke, and JX09, an aldosterone synthase inhibitor for hypertension. In January 2026, Corxel completed a Series D1 financing round raising $287 million, led by both existing investors RTW Investments and Hengdian Group Capital, and new investors including SR One, TCGX, RA Capital Management, HBM Healthcare Investments, SymBiosis, Adage Capital Management, Invus, and SilverArc Capital. The funding will support advancement of CX11 through its ongoing U.S. Phase 2 trial in obesity, a planned global Phase 2 trial in type 2 diabetes, and initial preparations for Phase 3 trials. Prior to the Series D1, Corxel had raised $167 million in total funding. The company operates across multiple locations including New Jersey, Copenhagen, and Shanghai, with approximately 85 employees supporting multiregional clinical programs. |
| Sep 2024 | Series D | Apeloa Pharmaceutical (lead) | $3M | $474M | Jixing Pharmaceuticals (Ji Xing Pharmaceuticals Limited), a clinical-stage biopharmaceutical company founded in 2019 and backed by RTW Investments, develops innovative therapies for serious diseases targeting Chinese patients. Its pipeline includes CK-274, an oral myosin inhibitor licensed from Cytokinetics for hypertrophic cardiomyopathy. In January 2024, Bayer and RTW led its Series D financing with USD 35 million and USD 127 million respectively, establishing collaboration on cardiovascular and ophthalmology assets and granting Bayer privileged commercialization rights in China. On September 19, 2024, Apeloa Pharmaceutical's Hong Kong subsidiary (Apeloa Hong Kong) invested USD 2.75 million to subscribe for 815,927 shares of Series D preferred stock at USD 3.3704 per share. This investment represents a 0.58% equity stake post-investment, implying a post-money valuation of approximately USD 473 million. The deal amended a prior securities subscription agreement involving RTW, Bayer, and Jixing, aimed at supporting business cooperation and asset optimization for Apeloa. Apeloa and Jixing also signed a strategic cooperation framework agreement in November 2024 for long-term CDMO project collaboration based on mutual benefits. |
| Jan 2024 | Series D | Leaps by Bayer (lead); RTW Investments (lead) | $162M | - | Jixing Pharmaceuticals Limited (now operating as Corxel) is a clinical-stage biopharmaceutical company founded and incubated by RTW Investments in 2019, focused on bringing innovative medicines to Chinese patients with serious and life-threatening diseases. The company's pipeline targets cardiovascular diseases and ophthalmology, with a world-class research and development team experienced in developing and producing drugs from preclinical stage to market launch. In 2024, Jixing Pharmaceuticals rebranded to Corxel to reflect an expanding portfolio of global assets, including the acquisition of CX11 program. In January 2024, Jixing Pharmaceuticals announced a Series D financing round totaling $162 million, co-led by Leaps by Bayer (the impact investment arm of Bayer AG) and RTW Investments, LP. Bayer invested $35 million while RTW invested $127 million. The financing included a strategic collaboration granting Bayer privileged rights to negotiate commercialization of Jixing's pipeline assets in cardiovascular and ophthalmology areas, leveraging Bayer's deep expertise and significant presence in China. |
Who has invested in Corxel Pharmaceuticals?
11 investors have backed Corxel Pharmaceuticals across its funding rounds, including RTW Investments, RA Capital Management, Invus, HBM Healthcare Investments, SR One and Leaps by Bayer.
Lead investors include Apeloa Pharmaceutical, Leaps by Bayer and RTW Investments.
Corxel Pharmaceuticals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2024 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Lead | Jan 2024 | ||
| 1 | Participant | Jan 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCorxel Pharmaceuticals Competitors
Corxel Pharmaceuticals competitors include listed companies like Synmosa Biopharma, Blau Farmacêutica, YungShin Global Holding and Qyuns Therapeutics, and private ones like NiKang Therapeutics and Yantai Lannacheng Biotechnology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $194M | $37M | $474M | 2.6x | ||
| Publicly listed | $331M | $94M | $474M | 1.3x | ||
| Private | - | - | $475M | - | ||
| Publicly listed | $263M | $49M | $473M | - | ||
| Publicly listed | $120M | $52M | $471M | 3.6x | ||
| Private | $2M | - | $477M | - |
Corxel Pharmaceuticals Public Comps
Corxel Pharmaceuticals is still privately-owned, but its public comps include Synmosa Biopharma, Blau Farmacêutica, YungShin Global Holding, PKU Healthcare, Qyuns Therapeutics, Hyundai Bioscience, Arcturus Therapeutics, Eikon Therapeutics, TransThera Sciences and SanBio.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $194M | $37M | 2.7x | 2.6x | 14.3x | - | |||
| $331M | $94M | 1.4x | 1.3x | 5.0x | 5.2x | |||
| $263M | $49M | 1.7x | - | 9.0x | - | |||
| $221M | $23M | 1.5x | - | 14.5x | - | |||
| $120M | $52M | 3.5x | 3.6x | 8.0x | 8.1x | |||
| $3M | ($14M) | 177.1x | - | (31.6x) | - | |||
| $67M | ($73M) | 4.7x | 8.7x | (4.3x) | (3.4x) | |||
| - | ($315M) | - | - | (0.6x) | (0.5x) | |||
This data is available for Pro users. Sign up to see all Corxel Pharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Corxel Pharmaceuticals
| When was Corxel Pharmaceuticals founded? | Corxel Pharmaceuticals was founded in 2019. |
| Where is Corxel Pharmaceuticals headquartered? | Corxel Pharmaceuticals is headquartered in Shanghai, China. |
| Is Corxel Pharmaceuticals publicly listed? | No, Corxel Pharmaceuticals is a private, VC-backed company. |
| What is Corxel Pharmaceuticals' valuation? | Corxel Pharmaceuticals was last valued at $474M in its Series D in September 2024. |
| How much funding has Corxel Pharmaceuticals raised? | Corxel Pharmaceuticals has raised $452M across 3 funding rounds. |
| What was Corxel Pharmaceuticals' last funding round? | Corxel Pharmaceuticals' last funding round was a $287M Series D in January 2026. |
| Who are Corxel Pharmaceuticals' investors? | Corxel Pharmaceuticals' investors include RTW Investments, TCG Crossover, HBM Healthcare Investments, SilverArc Capital, Hengdian Group, Invus, SR One, Leaps by Bayer, RA Capital Management, Adage Capital Management and 1 other. |
| Which companies are comparable to Corxel Pharmaceuticals? | Companies comparable to Corxel Pharmaceuticals include Synmosa Biopharma, Blau Farmacêutica, NiKang Therapeutics, YungShin Global Holding, Qyuns Therapeutics and Yantai Lannacheng Biotechnology. |
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