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- Maverick Therapeutics
Maverick Therapeutics Acquisition, Valuation, Funding & Investors
Maverick Therapeutics was acquired by Takeda Pharmaceuticals for $525M in March 2021.
Cumulative funding Maverick Therapeutics raised
$125M
across 1 funding round
Key investors in Maverick Therapeutics
MPM Capital
Takeda Pharmaceuticals
About Maverick Therapeutics
Maverick Therapeutics is a biotechnology company developing T cell immunotherapies for solid tumor cancers using its COBRA bispecific platform. The technology engages T cells against tumor antigens with controlled activation to minimize cytokine release syndrome. Headquartered in Austin, Texas, the firm advances candidates through preclinical and clinical stages targeting prostate, lung, and other malignancies.
Founded
2016
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$525M (acquired Mar 2021)
Maverick Therapeutics Acquisition
Maverick Therapeutics was acquired by Takeda Pharmaceuticals for $525M on 9 March 2021.
Before the acquisition Maverick Therapeutics had raised $125M across 1 funding round.
Maverick Therapeutics is a biotech company developing conditionally active T-cell engager therapies, particularly its novel COBRA platform designed to treat solid tumors while minimizing toxicity to healthy tissue. The company's lead candidate, TAK-186 (formerly MVC-101), entered a Phase 1/2 clinical study for treating EGFR-expressing solid tumors, with another candidate (TAK-280 for B7H3-expressing tumors) set to enter clinical development. Takeda acquired Maverick for up to $525 million in a transaction that culminated a 2017 "build-to-buy" collaboration in which Takeda had invested $125 million for an equity stake and secured an exclusive option to purchase the company after five years. The acquisition was expected to close in Q1 of Takeda's fiscal 2021 and was subject to antitrust review under the Hart-Scott-Rodino Act. Upon closing, Maverick's employees and scientists were expected to join Takeda's Research & Development organization to advance the company's immuno-oncology portfolio.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 9 Mar 2021 | Strategic M&A | $525M |
Maverick Therapeutics Funding History
Maverick Therapeutics has raised a total of $125M across 1 funding round.
Maverick Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2017 | Undisclosed stage | Takeda Pharmaceuticals; MPM Capital | $125M | Maverick Therapeutics, a Brisbane, California-based biopharmaceutical company spun out from Harpoon Therapeutics in 2016, focused on developing a T-cell engagement platform to improve T-cell redirection therapy for oncology, particularly addressing toxicity issues in solid tumors through conditionally active biologics like the COBRA platform. The company was initially financed solely by MPM Capital and targeted tumor microenvironment-specific activation of therapeutic antibodies. In January 2017, Maverick announced a collaboration with Takeda Pharmaceutical, which included $125 million in total funding comprising an upfront option payment, equity investment, and research and development funding. This package featured a $23 million Series B financing round with participation from MPM Capital's BioVentures 2014 and UBS Oncology Impact Fund, alongside Takeda (via its Millennium Pharmaceuticals oncology unit). Takeda gained an exclusive option to acquire Maverick after five years for an undisclosed amount and added a director to the board. Leadership included co-founders Jeanmarie Guenot, Luke Evnin, and Patrick Baeuerle, with Hans-Peter Gerber as president and chief scientific officer. The deal structure emphasized advancing Maverick's pipeline, including candidates like MVC-101 (later TAK-186) for EGFR-expressing solid tumors and MVC-280 (later TAK-280) for B7H3-expressing tumors. Takeda exercised its acquisition option in 2021, agreeing to buy Maverick for a pre-negotiated upfront payment plus milestones up to $525 million (subject to adjustments for Takeda's equity stake and debt), integrating the COBRA platform and pipeline into its oncology portfolio, with TAK-186 in Phase I/II and TAK-280 entering clinic soon after. |
Who has invested in Maverick Therapeutics?
2 investors have backed Maverick Therapeutics across its funding rounds, including MPM Capital and Takeda Pharmaceuticals.
Maverick Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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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 TrialMaverick Therapeutics Competitors
Maverick Therapeutics competitors include listed companies like Ocumension and Kamada, and private ones like Shoreline Biosciences, Strand Therapeutics, Ollin Biosciences and SmartCella.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $528M | - | ||
| Publicly listed | $120M | ($3M) | $548M | - | ||
| Private | - | - | $550M | - | ||
| Publicly listed | $180M | $37M | $501M | 2.3x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $575M | - |
Maverick Therapeutics Public Comps
Maverick Therapeutics is no longer listed, but its public comps include Indaptus Therapeutics, Chabiotech, Entera Bio, Ovid Therapeutics, TaiMed Biologics, Beximco Pharmaceuticals, Tectonic Therapeutic, Assembly Biosciences, Novartis India and Cerus.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($21M) | - | - | (24.6x) | - | |||
| $923M | ($32M) | 1.4x | - | (41.0x) | - | |||
| $42K | ($11M) | 12199.0x | 42813.7x | (44.6x) | - | |||
| $7M | ($17M) | 58.3x | 159.2x | (24.7x) | - | |||
| $19M | ($1M) | 25.8x | - | (487.5x) | - | |||
| $399M | $97M | 1.4x | 1.3x | 5.7x | 5.3x | |||
| - | ($83M) | - | - | (3.8x) | - | |||
| $72M | ($12M) | 2.7x | 3.0x | (16.5x) | 9.1x | |||
This data is available for Pro users. Sign up to see all Maverick Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Maverick Therapeutics
| When was Maverick Therapeutics founded? | Maverick Therapeutics was founded in 2016. |
| Where is Maverick Therapeutics headquartered? | Maverick Therapeutics is headquartered in United States. |
| Is Maverick Therapeutics publicly listed? | No, Maverick Therapeutics was acquired by Takeda Pharmaceuticals in March 2021. |
| Who acquired Maverick Therapeutics? | Maverick Therapeutics was acquired by Takeda Pharmaceuticals in March 2021. |
| How much was Maverick Therapeutics acquired for? | Maverick Therapeutics was acquired for $525M in March 2021. |
| How much funding has Maverick Therapeutics raised? | Maverick Therapeutics has raised $125M across 1 funding round. |
| What was Maverick Therapeutics' last funding round? | Maverick Therapeutics' last funding round was a $125M undisclosed-stage round in January 2017. |
| Who are Maverick Therapeutics' investors? | Maverick Therapeutics' investors include Takeda Pharmaceuticals and MPM Capital. |
| Which companies are comparable to Maverick Therapeutics? | Companies comparable to Maverick Therapeutics include Shoreline Biosciences, Ocumension, Strand Therapeutics, Kamada, Ollin Biosciences and SmartCella. |
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