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
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Revenue
$8M (Sep 2021)
Valuation
$1.9B (acquired Sep 2021)
Sectors
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.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 8 Sep 2021 | Strategic M&A | $1.9B | 228.9x |
Kadmon Funding History
Kadmon has raised a total of $6M across 1 funding round.
Kadmon funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Aug 2014 | Series A | $6M | Kadmon 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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Start Free TrialKadmon Competitors
Kadmon competitors include listed companies like Recursion Pharmaceuticals, Mesoblast, Alvotech and Eris Lifesciences, and private ones like ArsenalBio and BioRay Pharmaceuticals.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.9B | - | ||
| Private | $131M | - | $1.9B | 14.5x | ||
| Publicly listed | $74M | ($582M) | $1.9B | 26.6x | ||
| Publicly listed | $120M | ($35M) | $1.9B | 14.7x | ||
| Publicly listed | $586M | $308M | $1.9B | 5.4x | ||
| Publicly listed | $325M | $115M | $1.9B | 6.2x |
Kadmon Public Comps
Kadmon is no longer listed, but its public comps include Recursion Pharmaceuticals, Mesoblast, Alvotech, Eris Lifesciences, OneSource Specialty, Voronoi, Pfizer India, Jinyu Bio-Technology Co., Lakefront Biotherapeutics and Hepalink.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $74M | ($582M) | 19.1x | 26.6x | (2.4x) | (2.8x) | |||
| $120M | ($35M) | 16.5x | 14.7x | (57.1x) | (73.4x) | |||
| $586M | $308M | 5.5x | 5.4x | 10.4x | 18.6x | |||
| $325M | $115M | 6.6x | 6.2x | 18.5x | 17.4x | |||
| $148M | $30M | 13.8x | 10.8x | 68.3x | 36.9x | |||
| $5M | ($35M) | 337.1x | 358.5x | (52.6x) | (32.5x) | |||
| $263M | $90M | 6.1x | 5.9x | 17.7x | 16.2x | |||
| $208M | $47M | 8.2x | 7.2x | 36.4x | 29.2x | |||
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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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