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 acquisition price

$501M

Acquired by Novo Nordisk · Nov 2021

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

Dicerna Pharmaceuticals Overview

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

United StatesLexington, KY

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Revenue

$29M (Nov 2021)

Valuation

$501M (acquired Nov 2021)

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.

Dicerna Pharmaceuticals acquisition details
AcquirerDateTypePriceEV/Revenue
18 Nov 2021Strategic M&A$501M17.1x

Dicerna Pharmaceuticals Funding History

Dicerna Pharmaceuticals has raised a total of $60M across 1 funding round.

Dicerna Pharmaceuticals funding rounds

Dicerna Pharmaceuticals funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2013Series CRA Capital Management (lead); SR One; Domain Associates; Oxford Bioscience Partners; Abingworth; Omega Funds; Skyline Ventures; Brookside Capital; Deerfield$60MDicerna 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

Investors in Dicerna Pharmaceuticals by funding rounds participated
InvestorHQRoundsRoleFirst check
SR OneUnited StatesUnited States1ParticipantJul 2013
Domain AssociatesUnited StatesSan Diego, CA1ParticipantJul 2013
Oxford Bioscience PartnersUnited StatesBoston, MA1ParticipantJul 2013
AbingworthUnited KingdomLondon1ParticipantJul 2013
Omega FundsUnited StatesBoston, MA1ParticipantJul 2013
RA Capital ManagementUnited StatesBoston, MA1LeadJul 2013
Skyline VenturesUnited StatesNew York City, NY1ParticipantJul 2013

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Dicerna 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.

Public and private companies comparable to Dicerna Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Ever Supreme Bio TechnologyTaiwanTaiwanPublicly listed$32M$16M$501M14.6x
KamadaIsraelIsraelPublicly listed$180M$37M$501M2.3x
ImmviraChinaShenzhenPrivate--$500M-
JuvenescenceIsle of ManDouglasPrivate--$500M-
Macrophage TherapeuticsUnited StatesEnglewood Cliffs, NJPrivate--$500M-
Ollin BiosciencesUnited StatesUnited StatesPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ever Supreme Bio Technology$32M$16M14.9x14.6x29.1x-
Kamada$180M$37M2.5x2.3x11.9x9.2x
Boiron$577M$83M0.8x-5.3x-
Onconic Therapeutics$39M$9M11.7x-48.5x-
Pharmicell$83M$27M5.7x6.2x17.6x18.6x
Contineum Therapeutics-($68M)-74.7x(3.9x)(3.7x)
Vogenx-($1M)--(349.7x)-
Avacta Group$152K($38M)3242.0x184.3x(13.0x)(14.4x)

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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.

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