- Companies
- Dicerna Pharmaceuticals
Dicerna Pharmaceuticals Acquisition, Valuation, Funding & Investors
Dicerna Pharmaceuticals was acquired by Novo Nordisk for $501M in November 2021, a 17.1x multiple on $29M of revenue.
Dicerna Pharmaceuticals revenue at acquisition
$29M
Last twelve months · Nov 2021
Dicerna Pharmaceuticals revenue multiple at acquisition
17.1x
EV/Revenue · Nov 2021
Cumulative funding Dicerna Pharmaceuticals raised
$60M
across 1 funding round
About Dicerna Pharmaceuticals
Dicerna Pharmaceuticals is a Lexington-headquartered biotechnology company employing GalXC RNAi technology for liver-targeted therapeutics against rare diseases and cancers. Pipeline includes nedosiran for primary hyperoxaluria type 1, RG6346 with Roche for hepatitis B, and earlier programs for cardiovascular and metabolic disorders. Novo Nordisk acquired it in 2021.
Founded
2007
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Licensing
Revenue
$29M (Nov 2021)
Valuation
$501M (acquired Nov 2021)
Sectors
Dicerna Pharmaceuticals Acquisition
Dicerna Pharmaceuticals was acquired by Novo Nordisk for $501M on 18 November 2021.
The acquisition price implies a 17.1x revenue multiple on $29M of revenue.
Before the acquisition Dicerna Pharmaceuticals had raised $60M across 1 funding round.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 18 Nov 2021 | Strategic M&A | $501M | 17.1x |
Dicerna Pharmaceuticals Funding History
Dicerna Pharmaceuticals has raised a total of $60M across 1 funding round.
Dicerna Pharmaceuticals funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2013 | Series C | RA Capital Management (lead); SR One; Domain Associates; Oxford Bioscience Partners; Abingworth; Omega Funds; Skyline Ventures; Brookside Capital; Deerfield | $60M | Dicerna Pharmaceuticals closed a $60 million Series C financing round led by RA Capital Management, with participation from new investors Brookside Capital, Deerfield, and Omega Funds, alongside existing investors Abingworth Management, Domain Associates, Oxford Bioscience Partners, Skyline Ventures, and SR One. The company is a biopharmaceutical firm developing RNA interference (RNAi)-based therapeutics targeting genetically-defined diseases, using its proprietary Dicer Substrate Technology platform and EnCore Drug Delivery System. At the time of this financing, Dicerna was a preclinical-stage company with no commercial revenue. The company had accumulated losses of $78.7 million as of September 30, 2013, with net losses of $8.6 million (2011), $10.1 million (2012), and $11.8 million (nine months ended September 30, 2013). The proceeds from the Series C round were designated to advance two or more programs into clinical development and to continue development of innovative drug delivery systems. Management stated that the company anticipated its first human trials would begin in early 2014, positioning Dicerna as it transitioned from preclinical development into clinical-stage operations. |
Who has invested in Dicerna Pharmaceuticals?
9 investors have backed Dicerna Pharmaceuticals across its funding rounds, including RA Capital Management, Deerfield, SR One, Omega Funds, Domain Associates and Abingworth.
Lead investors include RA Capital Management.
Dicerna Pharmaceuticals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2013 | ||
| 1 | Participant | Jul 2013 | ||
| 1 | Participant | Jul 2013 | ||
| 1 | Participant | Jul 2013 | ||
| 1 | Participant | Jul 2013 | ||
| 1 | Lead | Jul 2013 | ||
| 1 | Participant | Jul 2013 | ||
This data is available for Pro users. Sign up to see all 9 Dicerna 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 TrialDicerna Pharmaceuticals Competitors
Dicerna Pharmaceuticals competitors include listed companies like Ever Supreme Bio Technology and Kamada, and private ones like Immvira, Juvenescence, Macrophage Therapeutics and Ollin Biosciences.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $32M | $16M | $501M | 14.6x | ||
| Publicly listed | $180M | $37M | $501M | 2.3x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - |
Dicerna Pharmaceuticals Public Comps
Dicerna Pharmaceuticals is no longer listed, but its public comps include Ever Supreme Bio Technology, Kamada, Boiron, Onconic Therapeutics, Pharmicell, Contineum Therapeutics, Vogenx, Avacta Group, Puma Biotechnology and Autolus Therapeutics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $32M | $16M | 14.9x | 14.6x | 29.1x | - | |||
| $180M | $37M | 2.5x | 2.3x | 11.9x | 9.2x | |||
| $577M | $83M | 0.8x | - | 5.3x | - | |||
| $39M | $9M | 11.7x | - | 48.5x | - | |||
| $83M | $27M | 5.7x | 6.2x | 17.6x | 18.6x | |||
| - | ($68M) | - | 74.7x | (3.9x) | (3.7x) | |||
| - | ($1M) | - | - | (349.7x) | - | |||
| $152K | ($38M) | 3242.0x | 184.3x | (13.0x) | (14.4x) | |||
This data is available for Pro users. Sign up to see all Dicerna Pharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Dicerna Pharmaceuticals
| When was Dicerna Pharmaceuticals founded? | Dicerna Pharmaceuticals was founded in 2007. |
| Where is Dicerna Pharmaceuticals headquartered? | Dicerna Pharmaceuticals is headquartered in Lexington, KY, United States. |
| Is Dicerna Pharmaceuticals publicly listed? | No, Dicerna Pharmaceuticals was acquired by Novo Nordisk in November 2021. |
| Who acquired Dicerna Pharmaceuticals? | Dicerna Pharmaceuticals was acquired by Novo Nordisk in November 2021. |
| How much was Dicerna Pharmaceuticals acquired for? | Dicerna Pharmaceuticals was acquired for $501M in November 2021, a 17.1x revenue multiple. |
| How much funding has Dicerna Pharmaceuticals raised? | Dicerna Pharmaceuticals has raised $60M across 1 funding round. |
| What was Dicerna Pharmaceuticals' last funding round? | Dicerna Pharmaceuticals' last funding round was a $60M Series C in July 2013, led by RA Capital Management. |
| Who are Dicerna Pharmaceuticals' investors? | Dicerna Pharmaceuticals' investors include SR One, Domain Associates, Oxford Bioscience Partners, Abingworth, Omega Funds, RA Capital Management, Skyline Ventures, Brookside Capital and Deerfield. |
| Which companies are comparable to Dicerna Pharmaceuticals? | Companies comparable to Dicerna Pharmaceuticals include Ever Supreme Bio Technology, Kamada, Immvira, Juvenescence, Macrophage Therapeutics and Ollin Biosciences. |
See companies similar to Dicerna 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.




