- Companies
- Deciphera Pharmaceuticals
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 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
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
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Revenue
$163M (Apr 2024)
Valuation
$2.4B (acquired Apr 2024)
Sectors
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.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 29 Apr 2024 | Strategic M&A | $2.4B | 14.7x |
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2017 | Series C | Redmile Group (lead); Sphera Global Healthcare Fund (lead); Viking Global Investors (lead); New Leaf Venture Partners | $52M | Deciphera 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 2016 | Series B | SV Health Investors (lead) | $15M | - |
| Sep 2015 | Series B | New Leaf Venture Partners (lead) | $75M | Deciphera 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2015 | ||
| 1 | Lead | Jan 2016 | ||
| 1 | Lead | Jun 2017 | ||
This data is available for Pro users. Sign up to see all 5 Deciphera Pharmaceuticals investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialDeciphera 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $961M | $383M | $2.4B | 2.2x | ||
| Publicly listed | $58M | ($27M) | $2.4B | 32.0x | ||
| Publicly listed | $1.6B | $404M | $2.4B | 1.4x | ||
| Publicly listed | $55M | ($139M) | $2.3B | 37.8x | ||
| Private | - | - | $2.5B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $961M | $383M | 2.1x | 2.2x | 5.2x | 6.7x | |||
| $58M | ($27M) | 39.6x | 32.0x | (86.3x) | (45.8x) | |||
| $1.6B | $404M | 1.4x | 1.4x | 5.8x | 6.0x | |||
| $55M | ($139M) | 31.3x | 37.8x | (12.5x) | (8.2x) | |||
| - | ($316M) | - | 115.4x | (6.5x) | (4.8x) | |||
| - | ($171M) | - | - | (10.6x) | (5.7x) | |||
| - | ($28M) | - | - | (77.5x) | - | |||
| $557M | $119M | 4.6x | 4.2x | 21.2x | 18.4x | |||
This data is available for Pro users. Sign up to see all Deciphera Pharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Deciphera Pharmaceuticals
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




