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- Eidos Therapeutics
Eidos Therapeutics Acquisition, Valuation, Funding & Investors
Eidos Therapeutics was acquired by BridgeBio Pharma for $2.8B in October 2020.
Cumulative funding Eidos Therapeutics raised
$64M
across 1 funding round
Key investors in Eidos Therapeutics
RA Capital Management
Cormorant Asset Management
Perceptive Advisors
Viking Global Investors
Janus Henderson
Aisling Capital
Amzak Health Investors
BridgeBio Pharma
About Eidos Therapeutics
Eidos Therapeutics is a clinical-stage biotechnology company focused on genetically targeted therapies. Acquired by BridgeBio in 2020, the Palo Alto-based firm developed tafamidis for transthyretin amyloidosis prior to integration. It translates genetic insights into treatments addressing protein misfolding diseases. Eidos Therapeutics contributed to BridgeBio's cardiovascular pipeline advancements.
Founded
2013
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Licensing
Valuation
$2.8B (acquired Oct 2020)
Sectors
Eidos Therapeutics Acquisition
Eidos Therapeutics was acquired by BridgeBio Pharma for $2.8B on 5 October 2020.
Before the acquisition Eidos Therapeutics had raised $64M across 1 funding round.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 5 Oct 2020 | Strategic M&A | $2.8B |
Eidos Therapeutics Funding History
Eidos Therapeutics has raised a total of $64M across 1 funding round.
Eidos Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2018 | Series B | RA Capital Management (lead); BridgeBio Pharma; Janus Henderson; Amzak Health Investors; Viking Global Investors; Cormorant Asset Management; Aisling Capital; Perceptive Advisors | $64M | Eidos Therapeutics, a clinical-stage biopharmaceutical company developing therapies for transthyretin amyloidosis (ATTR), completed a $64 million Series B financing on April 5-6, 2018, led by RA Capital Management with participation from BridgeBio Pharma, Janus Henderson, Viking Global Investors, Aisling Capital, Perceptive Advisors, Cormorant Asset Management, and Amzak Health Investors. The proceeds were allocated to advance its lead candidate AG10, a small molecule TTR stabilizer, into Phase II clinical trials and prepare for Phase III, following Phase I data showing over 95% average TTR stabilization and 100% at peak concentrations with a safe profile. RA Capital's Rajeev Shah and Aisling's Eric Aguiar joined the board post-financing. AG10 targets transthyretin amyloidosis, a rare progressive genetic disease affecting heart, nerves, and eyes, with no FDA-approved disease-modifying therapies at the time. Eidos, founded in 2013 and majority-owned by BridgeBio Pharma, had raised over $91 million total by mid-2018. Two months after the Series B, Eidos filed for an IPO to raise $115 million to further develop AG10. Eidos was later acquired by BridgeBio Pharma in October 2020. |
Who has invested in Eidos Therapeutics?
8 investors have backed Eidos Therapeutics across its funding rounds, including RA Capital Management, Cormorant Asset Management, Perceptive Advisors, Viking Global Investors, Janus Henderson and Aisling Capital.
Lead investors include RA Capital Management.
Eidos Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Lead | Apr 2018 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Apr 2018 | ||
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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 TrialEidos Therapeutics Competitors
Eidos Therapeutics competitors include listed companies like Kangmei Pharmaceutical Co., AtaiBeckley, Samchundang Pharm and Immunome, and private ones like Shiji Biotechnology and Sail Biomedicines.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $783M | $54M | $2.8B | - | ||
| Publicly listed | $4M | ($659M) | $2.7B | 828.3x | ||
| Publicly listed | $169M | $15M | $2.8B | - | ||
| Publicly listed | $7M | ($221M) | $2.7B | 984.3x | ||
| Private | - | - | $2.7B | - | ||
| Private | - | - | $2.6B | - |
Eidos Therapeutics Public Comps
Eidos Therapeutics is no longer listed, but its public comps include Kangmei Pharmaceutical Co., AtaiBeckley, Samchundang Pharm, Immunome, Sunshine Lake Pharma, Precigen, Pharvaris, Disc Medicine, Almirall and Yili Chuannig Biotech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $783M | $54M | 3.3x | - | 48.0x | - | |||
| $4M | ($659M) | 611.9x | 828.3x | (3.8x) | (9.3x) | |||
| $169M | $15M | 16.7x | - | 184.7x | - | |||
| $7M | ($221M) | 317.3x | 984.3x | (10.0x) | (7.8x) | |||
| $718M | $163M | 4.6x | - | 20.0x | - | |||
| $10M | ($247M) | 297.2x | 17.0x | (11.7x) | 39.5x | |||
| - | ($207M) | - | - | (11.1x) | (10.8x) | |||
| - | ($236M) | - | - | (8.5x) | (7.4x) | |||
This data is available for Pro users. Sign up to see all Eidos Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Eidos Therapeutics
| When was Eidos Therapeutics founded? | Eidos Therapeutics was founded in 2013. |
| Where is Eidos Therapeutics headquartered? | Eidos Therapeutics is headquartered in San Francisco, CA, United States. |
| Is Eidos Therapeutics publicly listed? | No, Eidos Therapeutics was acquired by BridgeBio Pharma in October 2020. |
| Who acquired Eidos Therapeutics? | Eidos Therapeutics was acquired by BridgeBio Pharma in October 2020. |
| How much was Eidos Therapeutics acquired for? | Eidos Therapeutics was acquired for $2.8B in October 2020. |
| How much funding has Eidos Therapeutics raised? | Eidos Therapeutics has raised $64M across 1 funding round. |
| What was Eidos Therapeutics' last funding round? | Eidos Therapeutics' last funding round was a $64M Series B in April 2018, led by RA Capital Management. |
| Who are Eidos Therapeutics' investors? | Eidos Therapeutics' investors include BridgeBio Pharma, Janus Henderson, RA Capital Management, Amzak Health Investors, Viking Global Investors, Cormorant Asset Management, Aisling Capital and Perceptive Advisors. |
| Which companies are comparable to Eidos Therapeutics? | Companies comparable to Eidos Therapeutics include Kangmei Pharmaceutical Co., AtaiBeckley, Samchundang Pharm, Immunome, Shiji Biotechnology and Sail Biomedicines. |
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