CymaBay Therapeutics Acquisition, Valuation, Funding & Investors

CymaBay Therapeutics was acquired by Gilead Sciences for $4.3B in February 2024.

CymaBay Therapeutics acquisition price

$4.3B

Acquired by Gilead Sciences · Feb 2024

Cumulative funding CymaBay Therapeutics raised

$27M

across 1 funding round

CymaBay Therapeutics Overview

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

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Valuation

$4.3B (acquired Feb 2024)

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.

CymaBay Therapeutics acquisition details
AcquirerDateTypePrice
12 Feb 2024Strategic M&A$4.3B

CymaBay Therapeutics Funding History

CymaBay Therapeutics has raised a total of $27M across 1 funding round.

CymaBay Therapeutics funding rounds

CymaBay Therapeutics funding rounds
DateStageRaisedDeal Summary
Oct 2013Undisclosed stage$27MCymaBay 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).

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CymaBay Therapeutics Competitors

CymaBay Therapeutics competitors include listed companies like Aspen Pharmacare, Hanmi Pharm, Ajanta Pharma and Camurus, and private ones like LEO Pharma and Biomat USA.

Public and private companies comparable to CymaBay Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Aspen PharmacareSouth AfricaSouth AfricaPublicly listed$2.1B$161M$4.4B2.0x
Hanmi PharmSouth KoreaSouth KoreaPublicly listed$1.1B$238M$4.4B3.4x
LEO PharmaDenmarkCopenhagenPrivate-$301M$4.2B-
Ajanta PharmaIndiaIndiaPublicly listed$575M$161M$4.4B6.8x
Biomat USAUnited StatesLos Angeles, CAPrivate--$4.2B-
CamurusSwedenSwedenPublicly listed$230M$91M$4.4B14.1x

CymaBay Therapeutics Public Comps

CymaBay Therapeutics is no longer listed, but its public comps include Aspen Pharmacare, Hanmi Pharm, Ajanta Pharma, Camurus, Yuhan, Emcure Pharmaceuticals, Definium Therapeutics, Tianjin Pharma, Relay Therapeutics and Changchun High-Tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aspen Pharmacare$2.1B$161M2.1x2.0x27.1x9.7x
Hanmi Pharm$1.1B$238M4.0x3.4x19.0x11.4x
Ajanta Pharma$575M$161M7.5x6.8x26.9x25.0x
Camurus$230M$91M17.3x14.1x44.0x33.2x
Yuhan$1.6B$221M2.7x2.6x20.0x29.1x
Emcure Pharmaceuticals$969M$194M4.8x4.3x23.9x21.3x
Definium Therapeutics-($189M)--(18.1x)(12.8x)
Tianjin Pharma$738M$386M5.3x-10.2x-

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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 Aspen Pharmacare, Hanmi Pharm, LEO Pharma, Ajanta Pharma, Biomat USA and Camurus.

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