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 acquisition price

$5.9B

Acquired by Astellas Pharma · Apr 2023

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

IVERIC bio Overview

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

United StatesPrinceton, NJ

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Revenue

$73M (Apr 2023)

Valuation

$5.9B (acquired Apr 2023)

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.

IVERIC bio acquisition details
AcquirerDateTypePriceEV/Revenue
30 Apr 2023Strategic M&A$5.9B80.9x

IVERIC bio Funding History

IVERIC bio has raised a total of $50M across 1 funding round.

IVERIC bio funding rounds

IVERIC bio funding rounds
DateStageInvestorsRaised
May 2013Series CNovo 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

Investors in IVERIC bio by funding rounds participated
InvestorHQRoundsRoleFirst check
Novo VenturesDenmarkCopenhagen1ParticipantMay 2013
Novo HoldingsDenmarkCopenhagen1ParticipantMay 2013
SV Health InvestorsUnited StatesBoston, MA1ParticipantMay 2013

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IVERIC 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.

Public and private companies comparable to IVERIC bio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
China Resources SanjiuChinaChinaPublicly listed$4.7B$930M$5.9B1.6x
Scholar RockUnited StatesUnited StatesPublicly listed-($383M)$6B1214.0x
Samsung BioepisSouth KoreaSouth KoreaPublicly listed$1.2B$310M$6B5.9x
Cogent BiosciencesUnited StatesUnited StatesPublicly listed-($336M)$5.8B1234.0x
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x
Intas PharmaceuticalsIndiaAhmedabadPrivate$2B-$4.3B2.1x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
China Resources Sanjiu$4.7B$930M1.7x1.6x8.5x8.5x
Scholar Rock-($383M)-1214.0x(14.8x)(13.5x)
Samsung Bioepis$1.2B$310M6.6x5.9x24.6x17.2x
Cogent Biosciences-($336M)-1234.0x(15.7x)(14.1x)
Abbott India$722M$199M7.7x7.4x27.7x26.5x
Travere Therapeutics$491M$9M12.7x9.5x656.0x23.2x
Liquidia$158M($50M)38.0x10.5x(120.7x)-
Ligand Pharmaceuticals$268M$184M20.3x19.1x29.6x29.7x

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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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