Kadmon Acquisition, Valuation, Funding & Investors

Kadmon was acquired by Sanofi for $1.9B in September 2021.

Kadmon acquisition price

$1.9B

Acquired by Sanofi · Sep 2021

Kadmon revenue at acquisition

$8M

Last twelve months · Sep 2021

Cumulative funding Kadmon raised

$6M

across 1 funding round

Kadmon Overview

About Kadmon

Kadmon is a New York-headquartered biopharmaceutical company developing therapies in immunology, fibrosis, and oncology. Its portfolio includes ROCK inhibitors like KD025 for chronic graft-versus-host disease and belumosudil for autoimmune conditions. Acquired by Sanofi in 2021, it maintains research sites in Warrendale, Pennsylvania, and Boston, Massachusetts, stemming from its 2009 incorporation.


Founded

2009

HQ

United StatesNew York City, NY

Website

kadmon.com

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Revenue

$8M (Sep 2021)

Valuation

$1.9B (acquired Sep 2021)

Kadmon Acquisition

Kadmon was acquired by Sanofi for $1.9B on 8 September 2021.

Before the acquisition Kadmon had raised $6M across 1 funding round.

Kadmon acquisition details
AcquirerDateTypePriceEV/Revenue
8 Sep 2021Strategic M&A$1.9B228.9x

Kadmon Funding History

Kadmon has raised a total of $6M across 1 funding round.

Kadmon funding rounds

Kadmon funding rounds
DateStageRaisedDeal Summary
Aug 2014Series A$6MKadmon is a biotechnology company focused on developing treatments for various diseases, including hepatitis C through marketed products like ribavirin. By 2012, Kadmon had reached $25 million in annual revenue and targeted $40 million to $60 million in 2013. For the year ended December 31, 2014, Kadmon Pharmaceuticals reported sales of $63.5 million, which declined to $29.3 million in 2015 due to evolving treatment landscapes with new direct-acting antivirals. The company had raised significant prior capital, with over $675 million spent from inception through Q1 of the IPO year, leaving $8.6 million in cash and a $32.8 million net loss for that quarter. Major investors included Golden Tree Asset Management, Third Point Ventures, and 3RP Holdings. Kadmon generated sufficient revenue from commercial operations to support debt servicing during 2014 and 2015.

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Kadmon Competitors

Kadmon competitors include listed companies like Recursion Pharmaceuticals, Mesoblast, Alvotech and Eris Lifesciences, and private ones like ArsenalBio and BioRay Pharmaceuticals.

Public and private companies comparable to Kadmon
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Recursion PharmaceuticalsUnited StatesUnited StatesPublicly listed$74M($582M)$1.9B26.6x
MesoblastAustraliaAustraliaPublicly listed$120M($35M)$1.9B14.7x
AlvotechUnited StatesUnited StatesPublicly listed$586M$308M$1.9B5.4x
Eris LifesciencesIndiaIndiaPublicly listed$325M$115M$1.9B6.2x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Recursion Pharmaceuticals$74M($582M)19.1x26.6x(2.4x)(2.8x)
Mesoblast$120M($35M)16.5x14.7x(57.1x)(73.4x)
Alvotech$586M$308M5.5x5.4x10.4x18.6x
Eris Lifesciences$325M$115M6.6x6.2x18.5x17.4x
OneSource Specialty$148M$30M13.8x10.8x68.3x36.9x
Voronoi$5M($35M)337.1x358.5x(52.6x)(32.5x)
Pfizer India$263M$90M6.1x5.9x17.7x16.2x
Jinyu Bio-Technology Co.$208M$47M8.2x7.2x36.4x29.2x

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Common questions about Kadmon

When was Kadmon founded?Kadmon was founded in 2009.
Where is Kadmon headquartered?Kadmon is headquartered in New York City, NY, United States.
Is Kadmon publicly listed?No, Kadmon was acquired by Sanofi in September 2021.
Who acquired Kadmon?Kadmon was acquired by Sanofi in September 2021.
How much was Kadmon acquired for?Kadmon was acquired for $1.9B in September 2021.
How much funding has Kadmon raised?Kadmon has raised $6M across 1 funding round.
What was Kadmon's last funding round?Kadmon's last funding round was a $6M Series A in August 2014.
Which companies are comparable to Kadmon?Companies comparable to Kadmon include ArsenalBio, BioRay Pharmaceuticals, Recursion Pharmaceuticals, Mesoblast, Alvotech and Eris Lifesciences.

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