Deciphera Pharmaceuticals Acquisition, Valuation, Funding & Investors

Deciphera Pharmaceuticals was acquired by Ono Pharmaceutical for $2.4B in April 2024, a 14.7x multiple on $163M of revenue.

Deciphera Pharmaceuticals acquisition price

$2.4B

Acquired by Ono Pharmaceutical · Apr 2024

Deciphera Pharmaceuticals revenue at acquisition

$163M

Last twelve months · Apr 2024

Deciphera Pharmaceuticals revenue multiple at acquisition

14.7x

EV/Revenue · Apr 2024

Cumulative funding Deciphera Pharmaceuticals raised

$142M

across 3 funding rounds

Deciphera Pharmaceuticals Overview

About Deciphera Pharmaceuticals

Deciphera Pharmaceuticals is a Waltham, Massachusetts-headquartered biopharmaceutical company developing kinase inhibitors for cancer treatment. Its lead product QINLOCK treats fourth-line gastrointestinal stromal tumors and holds approvals in the United States, European Union, United Kingdom, Australia, Canada, China, and other regions. The switch-control platform targets tumors resistant to standard therapies, with additional candidates like vimseltinib in phase 3 trials for tenosynovial giant cell tumor. Acquired by ONO Pharmaceutical in 2024.


Founded

2003

HQ

United StatesBoston, MA

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Revenue

$163M (Apr 2024)

Valuation

$2.4B (acquired Apr 2024)

Deciphera Pharmaceuticals Acquisition

Deciphera Pharmaceuticals was acquired by Ono Pharmaceutical for $2.4B on 29 April 2024.

The acquisition price implies a 14.7x revenue multiple on $163M of revenue.

Before the acquisition Deciphera Pharmaceuticals had raised $142M across 3 funding rounds.

Deciphera Pharmaceuticals acquisition details
AcquirerDateTypePriceEV/Revenue
29 Apr 2024Strategic M&A$2.4B14.7x

Deciphera Pharmaceuticals Funding History

Deciphera Pharmaceuticals has raised a total of $142M across 3 funding rounds.

Deciphera Pharmaceuticals' first fundraising round was a $75M Series B in September 2015. The most recent completed round was a $52M Series C in June 2017.

Deciphera Pharmaceuticals funding rounds

Deciphera Pharmaceuticals funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2017Series CRedmile Group (lead); Sphera Global Healthcare Fund (lead); Viking Global Investors (lead); New Leaf Venture Partners$52MDeciphera Pharmaceuticals, a clinical-stage biopharmaceutical company based in Waltham, MA, focuses on developing small molecule kinase inhibitors to address mechanisms of tumor drug resistance in cancer therapies. The company targets kinases involved in cancer growth and spread, designing compounds that keep them in an inactivated state, including tumor-targeted and immuno-targeted agents to improve patient response rates and durability. On June 1, 2017, Deciphera closed a $52 million Series C financing round led by Viking Global Investors LP, Redmile Group, and Sphera Global Healthcare Fund, with participation from existing investors including New Leaf Venture Partners. The proceeds were intended to advance its pipeline of novel oncology products, such as DCC-2618 (a pan-KIT and PDGFRα inhibitor for GIST) and DCC-3014, into later-stage clinical development. Updated Phase 1 data for DCC-2618 was presented at the 2017 ASCO Annual Meeting. As of September 30, 2017, cash and cash equivalents stood at $82.1 million ahead of its October 2017 IPO, which raised net proceeds of approximately $129.1 million at $17 per share. The company progressed toward pivotal trials for DCC-2618 in GIST in 2018 and expanded Phase 1 studies. Deciphera emphasized its proprietary platform for kinase switch control inhibitors, positioning against drug resistance challenges in oncology. Key investors prior to IPO included funds managed by New Leaf Venture Partners, Redmile Group, Sphera Global Healthcare, SV Health Investors, and Viking Global Investors.
Jan 2016Series BSV Health Investors (lead)$15M-
Sep 2015Series BNew Leaf Venture Partners (lead)$75MDeciphera Pharmaceuticals, a clinical-stage biotechnology company based in Waltham, MA, closed a $75 million Series B financing on September 21, 2015, led by New Leaf Venture Partners with participation from existing investors. The proceeds were intended to advance its pipeline of proprietary switch control kinase inhibitors, including lead candidates altiratinib and DCC-2618 through clinical proof-of-concept, and further develop rebastinib and DCC-3014. Liam Ratcliffe, M.D., Ph.D., Managing Director at New Leaf Venture Partners, joined the board concurrent with the financing. The company focuses on developing advanced kinase inhibitor treatments targeting the tumor cell and the tumor microenvironment to address unmet needs in cancer patients. CEO Michael D. Taylor highlighted the strong potential of their unique switch control kinase inhibitors. New Leaf Venture Partners, managing over $1 billion in assets at the time, was described as one of the preeminent life science investors.

Who has invested in Deciphera Pharmaceuticals?

5 investors have backed Deciphera Pharmaceuticals across its funding rounds, including New Leaf Venture Partners, Viking Global Investors, Redmile Group, SV Health Investors and Sphera Global Healthcare Fund.

Lead investors include Redmile Group, Sphera Global Healthcare Fund, Viking Global Investors, SV Health Investors and New Leaf Venture Partners.


Deciphera Pharmaceuticals Investors

Investors in Deciphera Pharmaceuticals by funding rounds participated
InvestorHQRoundsRoleFirst check
New Leaf Venture PartnersUnited StatesNew York City, NY2LeadSep 2015
SV Health InvestorsUnited StatesBoston, MA1LeadJan 2016
Redmile GroupUnited StatesSan Francisco, CA1LeadJun 2017

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Deciphera Pharmaceuticals Competitors

Deciphera Pharmaceuticals competitors include listed companies like Bavarian Nordic, ABL Bio, China Res Double-Crane and Nektar Therapeutics, and private ones like Cambrian Biopharma and Sail Biomedicines.

Public and private companies comparable to Deciphera Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Bavarian NordicDenmarkDenmarkPublicly listed$961M$383M$2.4B2.2x
ABL BioSouth KoreaSouth KoreaPublicly listed$58M($27M)$2.4B32.0x
China Res Double-CraneChinaChinaPublicly listed$1.6B$404M$2.4B1.4x
Nektar TherapeuticsUnited StatesUnited StatesPublicly listed$55M($139M)$2.3B37.8x
Cambrian BiopharmaUnited StatesNew York City, NYPrivate--$2.5B-
Sail BiomedicinesUnited StatesBoston, MAPrivate--$2.6B-

Deciphera Pharmaceuticals Public Comps

Deciphera Pharmaceuticals is no longer listed, but its public comps include Bavarian Nordic, ABL Bio, China Res Double-Crane, Nektar Therapeutics, Vera Therapeutics, Mineralys Therapeutics, SELLAS Life Sciences, Granules India, Viridian Therapeutics and ACROBiosystems.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bavarian Nordic$961M$383M2.1x2.2x5.2x6.7x
ABL Bio$58M($27M)39.6x32.0x(86.3x)(45.8x)
China Res Double-Crane$1.6B$404M1.4x1.4x5.8x6.0x
Nektar Therapeutics$55M($139M)31.3x37.8x(12.5x)(8.2x)
Vera Therapeutics-($316M)-115.4x(6.5x)(4.8x)
Mineralys Therapeutics-($171M)--(10.6x)(5.7x)
SELLAS Life Sciences-($28M)--(77.5x)-
Granules India$557M$119M4.6x4.2x21.2x18.4x

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Common questions about Deciphera Pharmaceuticals

When was Deciphera Pharmaceuticals founded?Deciphera Pharmaceuticals was founded in 2003.
Where is Deciphera Pharmaceuticals headquartered?Deciphera Pharmaceuticals is headquartered in Boston, MA, United States.
Is Deciphera Pharmaceuticals publicly listed?No, Deciphera Pharmaceuticals was acquired by Ono Pharmaceutical in April 2024.
Who acquired Deciphera Pharmaceuticals?Deciphera Pharmaceuticals was acquired by Ono Pharmaceutical in April 2024.
How much was Deciphera Pharmaceuticals acquired for?Deciphera Pharmaceuticals was acquired for $2.4B in April 2024, a 14.7x revenue multiple.
How much funding has Deciphera Pharmaceuticals raised?Deciphera Pharmaceuticals has raised $142M across 3 funding rounds.
What was Deciphera Pharmaceuticals' last funding round?Deciphera Pharmaceuticals' last funding round was a $52M Series C in June 2017, led by Redmile Group, Sphera Global Healthcare Fund and Viking Global Investors.
Who are Deciphera Pharmaceuticals' investors?Deciphera Pharmaceuticals' investors include New Leaf Venture Partners, SV Health Investors, Redmile Group, Viking Global Investors and Sphera Global Healthcare Fund.
Which companies are comparable to Deciphera Pharmaceuticals?Companies comparable to Deciphera Pharmaceuticals include Bavarian Nordic, ABL Bio, China Res Double-Crane, Nektar Therapeutics, Cambrian Biopharma and Sail Biomedicines.

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