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

Kindeva Drug Delivery Overview

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

United StatesSaint Paul, MN

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.

Kindeva Drug Delivery acquisition details
AcquirerDateType
  • Meridian Medical Technologies
14 Nov 2022Strategic 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

Kindeva Drug Delivery funding rounds
DateStageRaisedDeal Summary
Jun 2022Series A$5MKindeva 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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Acquisitions 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

Summit Biosciences
iPharma Labs
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 CountryUnited StatesUnited States
HQ City
-
San Francisco, CA
Deal Date18 Jan 202429 Apr 2022
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Kindeva Drug Delivery
CompanyHQStatusRevenueEBITDAValuation
Terray TherapeuticsUnited StatesLos Angeles, CAPrivate--$600M
Alpha BiopharmaChinaGuangzhouPrivate--$595M
Sonoma BiotherapeuticsUnited StatesSan Francisco, CAPrivate--$732M
Aarti PharmalabsIndiaIndiaPublicly listed$187M$40M$777M
Novartis IndiaIndiaIndiaPublicly listed$37M$10M$530M
Huaota BiopharmChinaShanghaiPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
OmniAb$19M($47M)33.0x20.3x(13.1x)(18.6x)
Monopar Therapeutics-($17M)--(30.7x)(15.1x)
Neurogene-($99M)--(4.3x)-
Oneness Biotech$4M($29M)125.2x135.8x(17.3x)(29.5x)
Altimmune$41K($95M)8339.5x29552.8x(3.6x)(3.2x)
Aura Biosciences-($112M)--(3.2x)-
SK Chemicals$1.7B$167M1.0x0.9x10.4x9.8x
Verastem$31M($212M)20.1x6.6x(2.9x)-

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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.

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