IntraBio Acquisition, Valuation, Funding & Investors

IntraBio was acquired by Shionogi for $2B in October 2026, a 55.9x multiple on $36M of revenue.

IntraBio acquisition price

$2B

Acquired by Shionogi · Oct 2026

IntraBio revenue at acquisition

$36M

Last twelve months · Oct 2026

IntraBio revenue multiple at acquisition

55.9x

EV/Revenue · Oct 2026

Cumulative funding IntraBio raised

$51M

across 2 funding rounds

IntraBio Overview

About IntraBio

IntraBio is an Oxford-headquartered biopharmaceutical company advancing therapies for rare genetic and neurodegenerative diseases. The firm develops IB1001 for Angelman syndrome in Phase 2 trials and IB2001 for GM1 gangliosidosis. IntraBio leverages small molecules modulating lysosomal function and calcium signaling, with programs licensed from University of Oxford researchers. Its pipeline targets ataxia, epilepsy, and cognitive deficits across USA and European orphan indications.


Founded

2015

HQ

United StatesAustin, TX

Status

Acquired

Customer focus

B2C

Revenue model

Product sales

Revenue

$36M (Oct 2026)

Valuation

$1B (Mar 2024)

IntraBio Acquisition

IntraBio was acquired by Shionogi for $2B on 5 October 2026.

The acquisition price implies a 55.9x revenue multiple on $36M of revenue.

Before the acquisition IntraBio had raised $51M across 2 funding rounds.

Shionogi & Co., Ltd., a Japanese pharmaceutical company, acquired IntraBio, a commercial-stage biopharmaceutical company based in Austin, Texas, for USD 2 billion in October 2026. IntraBio's lead asset is Aqneursa (levacetylleucine), a treatment for neurological manifestations of Niemann-Pick disease type C and recently approved for ataxia-telangiectasia. The company generated USD 67.9 million in net sales in fiscal 2025, all derived from Aqneursa, and operates with a focus on rare neurodegenerative diseases. The acquisition expands Shionogi's rare disease portfolio following its April 2026 acquisition of Radicava (edaravone) from Tanabe Pharma.

IntraBio acquisition details
AcquirerDateTypePriceEV/Revenue
5 Oct 2026Strategic M&A$2B55.9x

Sources: shionogi.com, genengnews.com, biopharmadive.com

IntraBio Valuation

IntraBio is currently valued at $1B, based on its undisclosed-stage round in March 2024.

IntraBio valuation by funding round

IntraBio valuation by funding round
DateStageValuation
Mar 2024Undisclosed stage$1B

IntraBio Funding History

IntraBio has raised a total of $51M across 2 funding rounds.

IntraBio's first fundraising round was a $10M Series A in August 2018. The most recent completed round was a $40M undisclosed-stage round in March 2024.

IntraBio funding rounds

IntraBio funding rounds
DateStageRaisedValuationDeal Summary
Mar 2024Undisclosed stage$40M$1BIntraBio Inc is a private biopharmaceutical company focused on developing drugs to treat neurodegenerative diseases, rare genetic disorders, and age-related conditions. The company relocated its headquarters from London, United Kingdom to Austin, Texas in March 2024. IntraBio announced a $40.3 million equity funding round on March 25-26, 2024, from undisclosed investors to support commercialization and launch of its lead candidate 1B1001, which treats Niemann-Pick disease type C, a rare inherited metabolic disorder. The drug had completed Phase 3 clinical trials, and the FDA had accepted the company's new drug application (NDA) at the time of the funding announcement. Following this round, IntraBio was valued at over $1 billion, placing it among the rare unicorn-status companies in the Austin biotech ecosystem.
Aug 2018Series A$10M--

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IntraBio Competitors

IntraBio competitors include listed companies like United Laboratories International, Brightgene Bio-medical, Anhui Anke Biotechnology and First Tracks Biotherapeutics, and private ones like ArsenalBio and BioRay Pharmaceuticals.

Public and private companies comparable to IntraBio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
United Laboratories InternationalIndiaIndiaPublicly listed$2B$464M$2B0.7x
Brightgene Bio-medicalChinaChinaPublicly listed$184M$35M$2B11.0x
Anhui Anke BiotechnologyChinaChinaPublicly listed$397M$143M$2B4.6x
First Tracks BiotherapeuticsUnited StatesUnited StatesPublicly listed-($179M)$2B-
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
United Laboratories International$2B$464M0.6x0.7x2.7x4.1x
Brightgene Bio-medical$184M$35M12.2x11.0x64.6x37.0x
Anhui Anke Biotechnology$397M$143M4.6x4.6x12.8x13.8x
First Tracks Biotherapeutics-($179M)--(10.4x)(11.7x)
Grand Pharmaceutical$1.6B$284M1.6x1.5x8.7x7.6x
Alembic Pharmaceuticals$766M$117M2.8x2.5x18.3x15.8x
BioCryst Pharmaceuticals$875M$337M2.7x3.2x7.1x-
Shilpa Medicare$163M$49M12.3x10.9x41.2x37.3x

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Common questions about IntraBio

When was IntraBio founded?IntraBio was founded in 2015.
Where is IntraBio headquartered?IntraBio is headquartered in Austin, TX, United States.
Is IntraBio publicly listed?No, IntraBio was acquired by Shionogi in October 2026.
Who acquired IntraBio?IntraBio was acquired by Shionogi in October 2026.
How much was IntraBio acquired for?IntraBio was acquired for $2B in October 2026, a 55.9x revenue multiple.
What is IntraBio's valuation?IntraBio was last valued at $1B in its undisclosed-stage round in March 2024.
How much funding has IntraBio raised?IntraBio has raised $51M across 2 funding rounds.
What was IntraBio's last funding round?IntraBio's last funding round was a $40M undisclosed-stage round in March 2024.
Which companies are comparable to IntraBio?Companies comparable to IntraBio include United Laboratories International, Brightgene Bio-medical, Anhui Anke Biotechnology, First Tracks Biotherapeutics, ArsenalBio and BioRay Pharmaceuticals.

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