- Companies
- IVERIC bio
IVERIC bio Acquisition, Valuation, Funding & Investors
IVERIC bio was acquired by Astellas Pharma for $5.9B in April 2023, a 80.9x multiple on $73M of revenue.
IVERIC bio revenue at acquisition
$73M
Last twelve months · Apr 2023
IVERIC bio revenue multiple at acquisition
80.9x
EV/Revenue · Apr 2023
Cumulative funding IVERIC bio raised
$50M
across 1 funding round
About IVERIC bio
IVERIC bio is a New Jersey-based biopharmaceutical company advancing therapies for retinal diseases. The firm develops small-molecule drugs for age-related macular degeneration and gene therapies for inherited retinal disorders like retinitis pigmentosa. Its lead candidate targets complement factor inhibition, with clinical trials ongoing in Phase 3 across multiple sites in the United States and Europe.
Founded
2007
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Licensing
Revenue
$73M (Apr 2023)
Valuation
$5.9B (acquired Apr 2023)
Sectors
IVERIC bio Acquisition
IVERIC bio was acquired by Astellas Pharma for $5.9B on 30 April 2023.
The acquisition price implies a 80.9x revenue multiple on $73M of revenue.
Before the acquisition IVERIC bio had raised $50M across 1 funding round.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 30 Apr 2023 | Strategic M&A | $5.9B | 80.9x |
IVERIC bio Funding History
IVERIC bio has raised a total of $50M across 1 funding round.
IVERIC bio funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| May 2013 | Series C | Novo Ventures; Novo Holdings; SV Health Investors; HBM Healthcare Investments; Clarus Ventures | $50M |
Who has invested in IVERIC bio?
5 investors have backed IVERIC bio across its funding rounds, including Novo Holdings, HBM Healthcare Investments, SV Health Investors, Novo Ventures and Clarus Ventures.
IVERIC bio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | May 2013 | ||
| 1 | Participant | May 2013 | ||
| 1 | Participant | May 2013 | ||
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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 TrialIVERIC bio Competitors
IVERIC bio competitors include listed companies like China Resources Sanjiu, Scholar Rock, Samsung Bioepis and Cogent Biosciences, and private ones like Biocon Biologics and Intas Pharmaceuticals.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.7B | $930M | $5.9B | 1.6x | ||
| Publicly listed | - | ($383M) | $6B | 1214.0x | ||
| Publicly listed | $1.2B | $310M | $6B | 5.9x | ||
| Publicly listed | - | ($336M) | $5.8B | 1234.0x | ||
| Private | $1.1B | - | $4.5B | 4.2x | ||
| Private | $2B | - | $4.3B | 2.1x |
IVERIC bio Public Comps
IVERIC bio is no longer listed, but its public comps include China Resources Sanjiu, Scholar Rock, Samsung Bioepis, Cogent Biosciences, Abbott India, Travere Therapeutics, Liquidia, Ligand Pharmaceuticals, PTC Therapeutics and Dianthus Therapeutics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.7B | $930M | 1.7x | 1.6x | 8.5x | 8.5x | |||
| - | ($383M) | - | 1214.0x | (14.8x) | (13.5x) | |||
| $1.2B | $310M | 6.6x | 5.9x | 24.6x | 17.2x | |||
| - | ($336M) | - | 1234.0x | (15.7x) | (14.1x) | |||
| $722M | $199M | 7.7x | 7.4x | 27.7x | 26.5x | |||
| $491M | $9M | 12.7x | 9.5x | 656.0x | 23.2x | |||
| $158M | ($50M) | 38.0x | 10.5x | (120.7x) | - | |||
| $268M | $184M | 20.3x | 19.1x | 29.6x | 29.7x | |||
This data is available for Pro users. Sign up to see all IVERIC bio competitors and their valuation data. Start Free Trial | ||||||||
Common questions about IVERIC bio
| When was IVERIC bio founded? | IVERIC bio was founded in 2007. |
| Where is IVERIC bio headquartered? | IVERIC bio is headquartered in Princeton, NJ, United States. |
| Is IVERIC bio publicly listed? | No, IVERIC bio was acquired by Astellas Pharma in April 2023. |
| Who acquired IVERIC bio? | IVERIC bio was acquired by Astellas Pharma in April 2023. |
| How much was IVERIC bio acquired for? | IVERIC bio was acquired for $5.9B in April 2023, a 80.9x revenue multiple. |
| How much funding has IVERIC bio raised? | IVERIC bio has raised $50M across 1 funding round. |
| What was IVERIC bio's last funding round? | IVERIC bio's last funding round was a $50M Series C in May 2013. |
| Who are IVERIC bio's investors? | IVERIC bio's investors include Novo Ventures, Novo Holdings, SV Health Investors, HBM Healthcare Investments and Clarus Ventures. |
| Which companies are comparable to IVERIC bio? | Companies comparable to IVERIC bio include China Resources Sanjiu, Scholar Rock, Samsung Bioepis, Cogent Biosciences, Biocon Biologics and Intas Pharmaceuticals. |
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