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- Kindeva Drug Delivery
Kindeva Drug Delivery Acquisition, Valuation, Funding & Investors
Kindeva Drug Delivery was acquired by Meridian Medical Technologies in November 2022.
Kindeva Drug Delivery acquisition price
Undisclosed
Acquired by Meridian Medical Technologies · Nov 2022
Cumulative funding Kindeva Drug Delivery raised
$5M
across 1 funding round
About Kindeva Drug Delivery
Kindeva Drug Delivery is a St. Paul, Minnesota-headquartered contract development and manufacturing organization focused on pharmaceutical drug-device combinations. Capabilities cover inhalation products, injectables, auto-injectors, and transdermal patches for global clients following its 2021 formation from 3M and Meridian assets.
Founded
2020
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services
Kindeva Drug Delivery Acquisition
Kindeva Drug Delivery was acquired by Meridian Medical Technologies for an undisclosed price on 14 November 2022.
Before the acquisition Kindeva Drug Delivery had raised $5M across 1 funding round.
| Acquirer | Date | Type |
|---|---|---|
| 14 Nov 2022 | Strategic M&A |
Kindeva Drug Delivery Funding History
Kindeva Drug Delivery has raised a total of $5M across 1 funding round.
Kindeva Drug Delivery funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Jun 2022 | Series A | $5M | Kindeva Drug Delivery is a global contract development and manufacturing organization (CDMO) specializing in complex drug delivery challenges for pharmaceutical and biotech customers, with expertise in formulation, product development, and manufacturing for therapies treating respiratory illnesses, cardiovascular conditions, osteoporosis, immunotherapies, and COVID-19 vaccines. The company launched as an independent entity in May 2020 following its acquisition from 3M by Altaris Capital Partners in a $650 million transaction, with 3M retaining a 17% minority interest. Kindeva employs approximately 900 people and focuses on microneedle-based platforms used in dozens of development programs. In June 2022, Kindeva completed an unattributed funding round, though amount and valuation details are not specified. A later grant of $41.84 million was received on August 3, 2023, from the UK Government’s Life Sciences Innovation Manufacturing Fund to enhance inhaler manufacturing and sustainability. |
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Start Free TrialAcquisitions by Kindeva Drug Delivery
Kindeva Drug Delivery has acquired 2 companies to date.
Last acquisition by Kindeva Drug Delivery was on January 18th 2024. Kindeva Drug Delivery acquired Summit Biosciences for undisclosed valuation.
Latest Acquisitions by Kindeva Drug Delivery
| Description | - | iPharma Labs is a developer of inhaled pharmaceutical formulations and delivery devices headquartered in Oxford, United Kingdom. The company engineers dry powder inhalers and nebulizer solutions for respiratory diseases, partnering with AstraZeneca and GSK on Phase II trials. Founded in 2015, iPharma employs proprietary NanoCrystal technology for biologics aerosolization, advancing therapies for asthma, COPD, and cystic fibrosis. Its facilities in Harwell Oxford Campus support GMP manufacturing and in-vitro testing. |
| HQ Country | ||
| HQ City | - | San Francisco, CA |
| Deal Date | 18 Jan 2024 | 29 Apr 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Kindeva Drug Delivery acquisitions and their M&A valuation multiples. Start Free Trial | ||
Kindeva Drug Delivery Competitors
Kindeva Drug Delivery competitors include listed companies like Aarti Pharmalabs and Novartis India, and private ones like Terray Therapeutics, Alpha Biopharma, Sonoma Biotherapeutics and Huaota Biopharm.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
| Private | - | - | $600M | ||
| Private | - | - | $595M | ||
| Private | - | - | $732M | ||
| Publicly listed | $187M | $40M | $777M | ||
| Publicly listed | $37M | $10M | $530M | ||
| Private | - | - | $440M |
Kindeva Drug Delivery Public Comps
Kindeva Drug Delivery is no longer listed, but its public comps include OmniAb, Monopar Therapeutics, Neurogene, Oneness Biotech, Altimmune, Aura Biosciences, SK Chemicals, Verastem, CHO Pharma and Senores Pharmaceuticals.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19M | ($47M) | 33.0x | 20.3x | (13.1x) | (18.6x) | |||
| - | ($17M) | - | - | (30.7x) | (15.1x) | |||
| - | ($99M) | - | - | (4.3x) | - | |||
| $4M | ($29M) | 125.2x | 135.8x | (17.3x) | (29.5x) | |||
| $41K | ($95M) | 8339.5x | 29552.8x | (3.6x) | (3.2x) | |||
| - | ($112M) | - | - | (3.2x) | - | |||
| $1.7B | $167M | 1.0x | 0.9x | 10.4x | 9.8x | |||
| $31M | ($212M) | 20.1x | 6.6x | (2.9x) | - | |||
This data is available for Pro users. Sign up to see all Kindeva Drug Delivery competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kindeva Drug Delivery
| When was Kindeva Drug Delivery founded? | Kindeva Drug Delivery was founded in 2020. |
| Where is Kindeva Drug Delivery headquartered? | Kindeva Drug Delivery is headquartered in Saint Paul, MN, United States. |
| Is Kindeva Drug Delivery publicly listed? | No, Kindeva Drug Delivery was acquired by Meridian Medical Technologies in November 2022. |
| Who acquired Kindeva Drug Delivery? | Kindeva Drug Delivery was acquired by Meridian Medical Technologies in November 2022. |
| How much funding has Kindeva Drug Delivery raised? | Kindeva Drug Delivery has raised $5M across 1 funding round. |
| What was Kindeva Drug Delivery's last funding round? | Kindeva Drug Delivery's last funding round was a $5M Series A in June 2022. |
| Which companies are comparable to Kindeva Drug Delivery? | Companies comparable to Kindeva Drug Delivery include Terray Therapeutics, Alpha Biopharma, Sonoma Biotherapeutics, Aarti Pharmalabs, Novartis India and Huaota Biopharm. |
| How many companies has Kindeva Drug Delivery acquired? | Kindeva Drug Delivery has acquired 2 companies, including Summit Biosciences and iPharma Labs. |
See companies similar to Kindeva Drug Delivery
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