Eidos Therapeutics Acquisition, Valuation, Funding & Investors

Eidos Therapeutics was acquired by BridgeBio Pharma for $2.8B in October 2020.

Eidos Therapeutics acquisition price

$2.8B

Acquired by BridgeBio Pharma · Oct 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

Eidos Therapeutics Overview

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

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Valuation

$2.8B (acquired Oct 2020)

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.

Eidos Therapeutics acquisition details
AcquirerDateTypePrice
5 Oct 2020Strategic M&A$2.8B

Eidos Therapeutics Funding History

Eidos Therapeutics has raised a total of $64M across 1 funding round.

Eidos Therapeutics funding rounds

Eidos Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2018Series BRA Capital Management (lead); BridgeBio Pharma; Janus Henderson; Amzak Health Investors; Viking Global Investors; Cormorant Asset Management; Aisling Capital; Perceptive Advisors$64MEidos 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

Investors in Eidos Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
BridgeBio PharmaUnited StatesSan Francisco, CA1ParticipantApr 2018
Janus HendersonUnited StatesLondon1ParticipantApr 2018
RA Capital ManagementUnited StatesBoston, MA1LeadApr 2018
Amzak Health InvestorsUnited StatesNew York City, NY1ParticipantApr 2018
Viking Global InvestorsUnited StatesStamford, CT1ParticipantApr 2018
Cormorant Asset ManagementUnited StatesBoston, MA1ParticipantApr 2018

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Eidos 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.

Public and private companies comparable to Eidos Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Kangmei Pharmaceutical Co.ChinaChinaPublicly listed$783M$54M$2.8B-
AtaiBeckleyUnited StatesUnited StatesPublicly listed$4M($659M)$2.7B828.3x
Samchundang PharmSouth KoreaSouth KoreaPublicly listed$169M$15M$2.8B-
ImmunomeUnited StatesUnited StatesPublicly listed$7M($221M)$2.7B984.3x
Shiji BiotechnologyChinaHefeiPrivate--$2.7B-
Sail BiomedicinesUnited StatesBoston, MAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kangmei Pharmaceutical Co.$783M$54M3.3x-48.0x-
AtaiBeckley$4M($659M)611.9x828.3x(3.8x)(9.3x)
Samchundang Pharm$169M$15M16.7x-184.7x-
Immunome$7M($221M)317.3x984.3x(10.0x)(7.8x)
Sunshine Lake Pharma$718M$163M4.6x-20.0x-
Precigen$10M($247M)297.2x17.0x(11.7x)39.5x
Pharvaris-($207M)--(11.1x)(10.8x)
Disc Medicine-($236M)--(8.5x)(7.4x)

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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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