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- CymaBay Therapeutics
CymaBay Therapeutics Acquisition, Valuation, Funding & Investors
CymaBay Therapeutics was acquired by Gilead Sciences for $4.3B in February 2024.
CymaBay Therapeutics revenue at acquisition
$31M
Last twelve months · Feb 2024
Cumulative funding CymaBay Therapeutics raised
$27M
across 1 funding round
About CymaBay Therapeutics
CymaBay Therapeutics is a Newark-headquartered clinical-stage biopharmaceutical company developing therapies for rare liver diseases including primary biliary cholangitis and primary sclerosing cholangitis. Its lead candidate seladelpar advances in Phase 3 trials targeting PPAR-delta activation to reduce bile acid production. Previously focused on gout with arhalofenate, which demonstrated dual urate-lowering and flare-reduction in Phase 2 studies, CymaBay shifted pipelines after in-licensing assets. Operating from the San Francisco Bay Area since 2006, the firm collaborates with regulatory agencies for accelerated approvals.
Founded
1991
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Licensing
Revenue
$31M (Feb 2024)
Valuation
$4.3B (acquired Feb 2024)
Sectors
CymaBay Therapeutics Acquisition
CymaBay Therapeutics was acquired by Gilead Sciences for $4.3B on 12 February 2024.
Before the acquisition CymaBay Therapeutics had raised $27M across 1 funding round.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 12 Feb 2024 | Strategic M&A | $4.3B | 138.3x |
CymaBay Therapeutics Funding History
CymaBay Therapeutics has raised a total of $27M across 1 funding round.
CymaBay Therapeutics funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Oct 2013 | Undisclosed stage | $27M | CymaBay Therapeutics completed a $38 million financing round on November 22, 2013, as reported in SEC filings. The company was developing seladelpar, a drug candidate for primary biliary cholangitis (PBC). |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCymaBay Therapeutics Competitors
CymaBay Therapeutics competitors include listed companies like Shanghai Junshi, Zelgen Biopharmaceuticals, Amylyx Pharmaceuticals and Dong-E-E-Jiao, and private ones like Intas Pharmaceuticals and LEO Pharma.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $373M | ($99M) | $4.3B | 9.6x | ||
| Publicly listed | $121M | ($22M) | $4.3B | 17.6x | ||
| Publicly listed | - | ($153M) | $4.3B | - | ||
| Publicly listed | $999M | $322M | $4.3B | 3.0x | ||
| Private | $2B | - | $4.3B | 2.1x | ||
| Private | - | $301M | $4.2B | - |
CymaBay Therapeutics Public Comps
CymaBay Therapeutics is no longer listed, but its public comps include Shanghai Junshi, Zelgen Biopharmaceuticals, Amylyx Pharmaceuticals, Dong-E-E-Jiao, Hikma Pharmaceuticals, Indivior Pharmaceuticals, Yuhan, Relay Therapeutics, Changchun High-Tech and Chongqing Zhifei.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $373M | ($99M) | 11.9x | 9.6x | (44.9x) | (225.8x) | |||
| $121M | ($22M) | 33.5x | 17.6x | (181.4x) | 62.6x | |||
| - | ($153M) | - | - | (26.6x) | (24.5x) | |||
| $999M | $322M | 3.2x | 3.0x | 9.9x | 9.4x | |||
| $3.3B | $813M | 1.8x | 1.8x | 7.4x | 7.1x | |||
| $1.2B | $282M | 3.6x | 3.4x | 16.0x | 7.0x | |||
| $1.6B | $218M | 2.6x | 2.6x | 19.3x | 29.8x | |||
| $15M | ($300M) | 216.4x | 279.1x | (11.1x) | (10.0x) | |||
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Common questions about CymaBay Therapeutics
| When was CymaBay Therapeutics founded? | CymaBay Therapeutics was founded in 1991. |
| Where is CymaBay Therapeutics headquartered? | CymaBay Therapeutics is headquartered in San Francisco, CA, United States. |
| Is CymaBay Therapeutics publicly listed? | No, CymaBay Therapeutics was acquired by Gilead Sciences in February 2024. |
| Who acquired CymaBay Therapeutics? | CymaBay Therapeutics was acquired by Gilead Sciences in February 2024. |
| How much was CymaBay Therapeutics acquired for? | CymaBay Therapeutics was acquired for $4.3B in February 2024. |
| How much funding has CymaBay Therapeutics raised? | CymaBay Therapeutics has raised $27M across 1 funding round. |
| What was CymaBay Therapeutics' last funding round? | CymaBay Therapeutics' last funding round was a $27M undisclosed-stage round in October 2013. |
| Which companies are comparable to CymaBay Therapeutics? | Companies comparable to CymaBay Therapeutics include Shanghai Junshi, Zelgen Biopharmaceuticals, Amylyx Pharmaceuticals, Dong-E-E-Jiao, Intas Pharmaceuticals and LEO Pharma. |
See companies similar to CymaBay Therapeutics
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