- Companies
- Intra-Cellular Therapies
Intra-Cellular Therapies Acquisition & Valuation
Intra-Cellular Therapies was acquired by Johnson & Johnson for $15B in January 2025, a 15.9x multiple on $921M of revenue.
Intra-Cellular Therapies revenue at acquisition
$921M
Last twelve months · Jan 2025
Intra-Cellular Therapies revenue multiple at acquisition
15.9x
EV/Revenue · Jan 2025
Key investors in Intra-Cellular Therapies
Deerfield
Broadfin Capital
About Intra-Cellular Therapies
Intra-Cellular Therapies is a New York-based biopharmaceutical firm developing CNS disorder treatments. Listed on NASDAQ as ITCI, the company markets Caplyta (lumateperone), approved in 2019 for schizophrenia and 2021 for bipolar depression in adults. Intra-Cellular Therapies advances ITI-007 for adjunctive therapy and explores candidates for Alzheimer's psychosis and postpartum depression. Its CNSProfile platform analyzes intracellular drug signaling for novel compound discovery.
Founded
2002
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Revenue
$921M (Jan 2025)
Valuation
$15B (acquired Jan 2025)
Sectors
Intra-Cellular Therapies Acquisition
Intra-Cellular Therapies was acquired by Johnson & Johnson for $15B on 13 January 2025.
The acquisition price implies a 15.9x revenue multiple on $921M of revenue.
Intra-Cellular Therapies, Inc., a New York City-based biopharmaceutical company, develops and commercializes therapeutics for central nervous system disorders, including Caplyta, a once-daily oral therapy approved for schizophrenia and bipolar depression as monotherapy and adjunctive therapy, with FDA acceptance of a supplemental application in February 2025 for major depressive disorder. The company also advances ITI-1284 in Phase 2 for generalized anxiety disorder and Alzheimer’s disease-related psychosis and agitation, alongside a complementary clinical-stage pipeline. Johnson & Johnson, a multinational pharmaceutical and medical technologies corporation, announced on January 13, 2025, its acquisition of Intra-Cellular Therapies to strengthen neuroscience leadership, building on its 70-year legacy and targeting neuropsychiatric and neurodegenerative disorders. Under the definitive agreement, Johnson & Johnson will acquire all outstanding shares for $132 per share in cash, valuing the equity at $14.6 billion—the largest biopharma buyout in 11 months and biggest biotech deal since Pfizer’s $43 billion Seagen acquisition in 2022—funded by cash on hand and debt while maintaining priorities for R&D, dividends, acquisitions, and repurchases. Shareholder approval occurred on March 27, 2025, with closing on April 2, 2025; Intra-Cellular now operates as a business unit within Johnson & Johnson Innovative Medicine. The deal accelerates J&J’s 2025 sales growth by 0.8% via $0.7 billion incremental sales from Caplyta’s $5 billion+ peak potential, diluting adjusted EPS by $0.25 after financing costs, improved from prior $0.30–$0.35 estimates. J&J CEO Joaquin Duato described the acquisition as a portfolio differentiator and growth catalyst offering value to patients, health systems, and shareholders, while EVP Jennifer Taubert highlighted investments in neuroscience innovation for debilitating disorders. The transaction faced standard regulatory approvals and stockholder vote, with no reported competitive or market condition hurdles noted in announcements.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 13 Jan 2025 | Strategic M&A | $15B | 15.9x |
Intra-Cellular Therapies Funding History
Intra-Cellular Therapies has 1 recorded secondary share sale and no primary funding rounds.
Intra-Cellular Therapies funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2013 | Secondary | Broadfin Capital; Deerfield | $60M | Intra-Cellular Therapies completed a $60 million private placement and reverse merger in September 2013, with new institutional investors including Deerfield Management and Broadfin Capital. The company, focused on developing novel drugs for neuropsychiatric and neurodegenerative diseases of the central nervous system, issued shares privately on August 29, 2013, in exchange for shares of its Delaware predecessor entity as part of the merger. Leerink Swann LLC acted as placement agent. |
Who has invested in Intra-Cellular Therapies?
2 investors have backed Intra-Cellular Therapies across its funding rounds, including Deerfield and Broadfin Capital.
Intra-Cellular Therapies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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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 TrialIntra-Cellular Therapies Competitors
Intra-Cellular Therapies competitors include listed companies like Exelixis, Sichuan Biokin, Ipsen and Summit Therapeutics, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.3B | $901M | $14B | 5.6x | ||
| Publicly listed | $376M | ($113M) | $15B | 42.4x | ||
| Publicly listed | $4.5B | $1.1B | $15B | 2.8x | ||
| Publicly listed | - | ($1.1B) | $14B | 5146.1x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
Intra-Cellular Therapies Public Comps
Intra-Cellular Therapies is no longer listed, but its public comps include Exelixis, Sichuan Biokin, Ipsen, Summit Therapeutics, Kelun-Biotech, Neurocrine Biosciences, PharmaEssentia, Yunnan Baiyao Group, Sobi and Ascendis Pharma.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $901M | 6.0x | 5.6x | 15.3x | 13.0x | |||
| $376M | ($113M) | 40.2x | 42.4x | (133.3x) | (122.6x) | |||
| $4.5B | $1.1B | 3.1x | 2.8x | 12.6x | 6.8x | |||
| - | ($1.1B) | - | 5146.1x | (12.5x) | (16.8x) | |||
| $307M | ($38M) | 43.5x | 36.8x | (347.2x) | (1347.5x) | |||
| $2.9B | $645M | 5.4x | 4.3x | 23.9x | 16.9x | |||
| $491M | $150M | 30.1x | 19.9x | 98.8x | 47.8x | |||
| $6.1B | $945M | 1.9x | 1.9x | 12.3x | 12.7x | |||
This data is available for Pro users. Sign up to see all Intra-Cellular Therapies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Intra-Cellular Therapies
| When was Intra-Cellular Therapies founded? | Intra-Cellular Therapies was founded in 2002. |
| Where is Intra-Cellular Therapies headquartered? | Intra-Cellular Therapies is headquartered in New York City, NY, United States. |
| Is Intra-Cellular Therapies publicly listed? | No, Intra-Cellular Therapies was acquired by Johnson & Johnson in January 2025. |
| Who acquired Intra-Cellular Therapies? | Intra-Cellular Therapies was acquired by Johnson & Johnson in January 2025. |
| How much was Intra-Cellular Therapies acquired for? | Intra-Cellular Therapies was acquired for $15B in January 2025, a 15.9x revenue multiple. |
| Who are Intra-Cellular Therapies' investors? | Intra-Cellular Therapies' investors include Broadfin Capital and Deerfield. |
| Which companies are comparable to Intra-Cellular Therapies? | Companies comparable to Intra-Cellular Therapies include Exelixis, Sichuan Biokin, Ipsen, Summit Therapeutics, Biosplice Therapeutics and Biocon Biologics. |
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