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- KaNDy Therapeutics
KaNDy Therapeutics Acquisition, Valuation, Funding & Investors
KaNDy Therapeutics was acquired by Bayer Perú for $878M in August 2020.
KaNDy Therapeutics acquisition price
$878M
Acquired by Bayer Perú · Aug 2020
Cumulative funding KaNDy Therapeutics raised
$32M
across 1 funding round
Key investors in KaNDy Therapeutics
OrbiMed
Forbion Capital Partners
Longitude Capital
Advent Life Sciences
Fountain Healthcare Partners
About KaNDy Therapeutics
KaNDy Therapeutics is a biotechnology firm developing non-hormonal therapies for post-menopausal vasomotor symptoms and other female sex hormone-related conditions through bio-technical research.
Founded
2017
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$878M (acquired Aug 2020)
Sectors
KaNDy Therapeutics Acquisition
KaNDy Therapeutics was acquired by Bayer Perú for $878M on 11 August 2020.
Before the acquisition KaNDy Therapeutics had raised $32M across 1 funding round.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 11 Aug 2020 | Strategic M&A | $878M |
KaNDy Therapeutics Funding History
KaNDy Therapeutics has raised a total of $32M across 1 funding round.
KaNDy Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2018 | Series C | Longitude Capital (lead); Advent Life Sciences; Fountain Healthcare Partners; OrbiMed; Forbion Capital Partners | $32M | KaNDy Therapeutics, a women's healthcare company spun out from NeRRe Therapeutics in 2017, developed a lead compound for menopause treatment. The company raised a Series C round in 2018 led by Longitude Capital, raising £25 million (approximately $32.4 million) from investors including Advent Life Sciences, Forbion Capital Partners, Fountain Healthcare Partners, and OrbiMed to fund its Phase 2b clinical development program. KaNDy was later acquired by Bayer Pharmaceuticals in 2020 for an upfront payment of $425 million plus potential milestones up to $450 million and additional sales milestones, but this pertains to the acquisition, not the 2018 funding. The company was led by CEO Mary Kerr, CSO Dr. Mike Trower, and other key executives including Dr. Steve Pawsey and Rebecca Hemsley. |
Who has invested in KaNDy Therapeutics?
5 investors have backed KaNDy Therapeutics across its funding rounds, including OrbiMed, Forbion Capital Partners, Longitude Capital, Advent Life Sciences and Fountain Healthcare Partners.
Lead investors include Longitude Capital.
KaNDy Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
This data is available for Pro users. Sign up to see all 5 KaNDy Therapeutics investors. Start Free Trial | ||||
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 TrialKaNDy Therapeutics Competitors
KaNDy Therapeutics competitors include listed companies like Ardelyx, Theravance, WAVE Life Sciences and Candel Therapeutics, and private ones like CellCentric and Curegene.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $407M | ($29M) | $873M | 1.8x | ||
| Publicly listed | $107M | $68M | $885M | 5.8x | ||
| Publicly listed | $43M | ($196M) | $871M | 8.9x | ||
| Publicly listed | - | ($39M) | $868M | - | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $900M | - |
KaNDy Therapeutics Public Comps
KaNDy Therapeutics is no longer listed, but its public comps include Ardelyx, Theravance, WAVE Life Sciences, Candel Therapeutics, PeptiDream, Olema Pharmaceuticals, TchaikaPharma, MedinCell, Avalo Therapeutics and Rigel Pharmaceuticals.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $407M | ($29M) | 2.1x | 1.8x | (29.0x) | (79.0x) | |||
| $107M | $68M | 5.0x | 5.8x | 7.9x | - | |||
| $43M | ($196M) | 9.9x | 8.9x | (2.2x) | (1.9x) | |||
| - | ($39M) | - | - | (18.3x) | (8.7x) | |||
| $119M | ($19M) | 6.9x | 4.1x | (43.4x) | 18.5x | |||
| - | ($178M) | - | - | (2.3x) | (1.8x) | |||
| $38M | $6M | 23.9x | - | 163.1x | - | |||
| $22M | ($28M) | 38.3x | 24.4x | (31.2x) | (85.9x) | |||
This data is available for Pro users. Sign up to see all KaNDy Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about KaNDy Therapeutics
| When was KaNDy Therapeutics founded? | KaNDy Therapeutics was founded in 2017. |
| Where is KaNDy Therapeutics headquartered? | KaNDy Therapeutics is headquartered in Stevenage, United Kingdom. |
| Is KaNDy Therapeutics publicly listed? | No, KaNDy Therapeutics was acquired by Bayer Perú in August 2020. |
| Who acquired KaNDy Therapeutics? | KaNDy Therapeutics was acquired by Bayer Perú in August 2020. |
| How much was KaNDy Therapeutics acquired for? | KaNDy Therapeutics was acquired for $878M in August 2020. |
| How much funding has KaNDy Therapeutics raised? | KaNDy Therapeutics has raised $32M across 1 funding round. |
| What was KaNDy Therapeutics' last funding round? | KaNDy Therapeutics' last funding round was a $32M Series C in August 2018, led by Longitude Capital. |
| Who are KaNDy Therapeutics' investors? | KaNDy Therapeutics' investors include Advent Life Sciences, Fountain Healthcare Partners, OrbiMed, Forbion Capital Partners and Longitude Capital. |
| Which companies are comparable to KaNDy Therapeutics? | Companies comparable to KaNDy Therapeutics include Ardelyx, Theravance, WAVE Life Sciences, Candel Therapeutics, CellCentric and Curegene. |
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