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

KaNDy Therapeutics Overview

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

United KingdomStevenage

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$878M (acquired Aug 2020)

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.

KaNDy Therapeutics acquisition details
AcquirerDateTypePrice
  • Bayer Perú
11 Aug 2020Strategic M&A$878M

KaNDy Therapeutics Funding History

KaNDy Therapeutics has raised a total of $32M across 1 funding round.

KaNDy Therapeutics funding rounds

KaNDy Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2018Series CLongitude Capital (lead); Advent Life Sciences; Fountain Healthcare Partners; OrbiMed; Forbion Capital Partners$32MKaNDy 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

Investors in KaNDy Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Advent Life SciencesUnited KingdomLondon1ParticipantAug 2018
Fountain Healthcare PartnersUnited StatesNew York City, NY1ParticipantAug 2018
OrbiMedUnited StatesNew York City, NY1ParticipantAug 2018

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KaNDy Therapeutics Competitors

KaNDy Therapeutics competitors include listed companies like Ardelyx, Theravance, WAVE Life Sciences and Candel Therapeutics, and private ones like CellCentric and Curegene.

Public and private companies comparable to KaNDy Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ArdelyxUnited StatesUnited StatesPublicly listed$407M($29M)$873M1.8x
TheravanceUnited StatesUnited StatesPublicly listed$107M$68M$885M5.8x
WAVE Life SciencesSingaporeSingaporePublicly listed$43M($196M)$871M8.9x
Candel TherapeuticsUnited StatesUnited StatesPublicly listed-($39M)$868M-
CellCentricUnited KingdomCambridgePrivate--$900M-
CuregeneChinaShanghaiPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ardelyx$407M($29M)2.1x1.8x(29.0x)(79.0x)
Theravance$107M$68M5.0x5.8x7.9x-
WAVE Life Sciences$43M($196M)9.9x8.9x(2.2x)(1.9x)
Candel Therapeutics-($39M)--(18.3x)(8.7x)
PeptiDream$119M($19M)6.9x4.1x(43.4x)18.5x
Olema Pharmaceuticals-($178M)--(2.3x)(1.8x)
TchaikaPharma$38M$6M23.9x-163.1x-
MedinCell$22M($28M)38.3x24.4x(31.2x)(85.9x)

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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.

See companies similar to KaNDy Therapeutics

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