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- MicuRx Pharmaceuticals
MicuRx Pharmaceuticals Funding, Investors & Competitors
MicuRx Pharmaceuticals has raised $246M across 5 funding rounds, most recently a $107M Series E in December 2020.
Last MicuRx Pharmaceuticals funding round
$107M
Series E · Dec 2020
Cumulative funding MicuRx Pharmaceuticals raised
$246M
across 5 funding rounds
Key investors in MicuRx Pharmaceuticals
BVCF
Korea Investment Partners
Legend Capital
Morningside
Huagai Capital
DT Capital Partners
Delian Capital
Yingke Capital
About MicuRx Pharmaceuticals
MicuRx Pharmaceuticals is a biopharmaceutical company developing novel antibiotics against drug-resistant bacteria, operating under a U.S.-China hybrid model since 2007. Headquartered in San Mateo with Shanghai operations, MicuRx commercializes contezolid in China since 2021 and advances global Phase 3 trials for infections like pneumonia and skin infections.
Founded
2007
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
MicuRx Pharmaceuticals Funding History
MicuRx Pharmaceuticals has raised a total of $246M across 5 funding rounds.
MicuRx Pharmaceuticals' first fundraising round was a $25M Series B in August 2013. The most recent completed round was a $107M Series E in December 2020.
MicuRx Pharmaceuticals funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2020 | Series E | Legend Capital (lead); Yingke Capital; DT Capital Partners; Korea Investment Partners; China Merchants Group; Zhongtai Venture Capital; Founder Securities | $107M | MicuRx Pharmaceuticals is a biopharmaceutical company founded in 2007, headquartered in Shanghai, China, focused on discovering and developing antibiotics with improved safety profiles for resistant bacterial infections, including Contezolid (MRX-I), Contezoilid acefosamil (MRX-4), MRX-8 (polymyxin for Gram-negative bacteria), MRX-5, MRX-7, and others for kidney disease, COVID-19, and tumors. The company completed an E-round financing of more than 700 million yuan, noted as a record for new antibacterial drug R&D financing. In August 2020, MicuRx received up to US$7.78 million in nondilutive funding from CARB-X for Phase 1 development of MRX-8, highlighting its pipeline progress with worldwide IP rights and US IND approval. Recent metrics show revenue growth to CNY 130.27 million in 2024 from CNY 90.78 million prior year, with LTM revenue at 120.1 million and net losses; the company went public on SHSE:688373 with current price/LTM sales at 30.6x. |
| Aug 2020 | Series D | Huagai Capital (lead); Sinopharm-CICC; Zero2IPO | $43M | MicuRx Pharmaceuticals is a biopharmaceutical company focused on discovering, developing, and commercializing innovative antibiotics targeting multi-drug-resistant bacterial infections, including its lead product contezolid tablets for gram-positive bacteria infections. The company addresses unmet needs in anti-drug-resistant bacteria, with additional pipelines like MRX-4, MRX-5, MRX-7, MRX-15, and MRX-17 in preclinical stages for various indications including kidney cancer and nephritis. Headquartered in Shanghai, it employs around 188 people and primarily operates in the domestic Chinese market. Legend Capital had invested in 2020, supporting R&D in super antibiotics. |
| Dec 2017 | Series D | BVCF (lead); Delian Capital (lead) | $15M | MicuRx Pharmaceuticals, a biopharmaceutical company founded in 2007, develops next-generation antibiotics targeting resistant bacterial infections, including Contezolid (MRX-1) and Contezolid Acefosamil (MRX-4) for methicillin-resistant Staphylococcus aureus (MRSA). The company operates research labs in Shanghai and San Francisco. In December 2017, MicuRx closed a financing round raising CNY100 million (USD15 million), led by China affiliates of Delian Capital and BVCF (BioVeda China Fund), both existing investors. The funds supported ongoing development of the MRX-1 antibiotic, a Chinese New Drug Application filing, and other business activities in China. Prior to this round, MicuRx had raised a total of USD107 million from investors including Morningside Ventures, BVCF, GP Healthcare Capital, GP TMT Capital, and 3E Bioventures Capital. |
| Sep 2016 | Series C | GP Healthcare Capital (lead); GP TMT Capital; 3E Bioventures | $55M | MicuRx Pharmaceuticals is a biopharmaceutical company focused on discovering and developing effective antibiotics with improved safety to treat serious bacterial infections. The company operates research and development facilities outside San Francisco, California, and in Shanghai, China. MicuRx's lead compound, MRX-1, is a next-generation oxazolidinone targeting Gram-positive infections such as methicillin-resistant Staphylococcus aureus (MRSA), and the company is also developing MRX-8, a polymyxin antibiotic for multi-drug resistant Gram-negative bacteria. In September 2016, MicuRx closed a Series C financing round raising $55 million, led by GP Healthcare Capital with participation from 3E Bioventures, Delian Capital, and GP TMT Capital. This round supported the advancement of the company's antibiotic pipeline and clinical development programs. At the time of the Series C round, MicuRx had raised a total of approximately $100 million through venture capital firms including Morningside Ventures, BVCF, GP Healthcare Capital, GP TMT Capital, 3E Bioventures Capital, and Delian Capital. The company had also secured support from CARB-X, a non-profit public-private partnership, which awarded MicuRx up to $2.5 million with an additional $2.7 million potentially available based on milestone achievements for the development of polymyxin antibiotics targeting drug-resistant Gram-negative pathogens. |
| Aug 2013 | Series B | BVCF (lead); Devon Park BioVentures; Morningside | $25M | MicuRx Pharmaceuticals, a privately-held biopharmaceutical company with operations in Hayward, California, and Shanghai, China, develops next-generation antibiotics using a U.S.-China hybrid model to reduce costs. The company raised $25 million in its Series B financing on August 22, 2013, led by BVCF with participation from existing investors Morningside Group and Devon Park Bioventures. This followed a $10 million Series A in 2007 and brought total funding to around $107 million including prior rounds and other investors like GP Healthcare Capital. Proceeds from the Series B were allocated to fund U.S. development of MRX-I, a novel oral oxazolidinone antibiotic targeting multi-drug resistant Gram-positive bacteria such as MRSA and VRE. At the time, MRX-I had completed Phase 1 trials and was entering Phase 2 in China via joint venture Shanghai MengKe Pharmaceuticals with Shanghai Zhangjiang Biomedical Industry Venture Capital, with plans for parallel Phase 2 trials in the U.S. BVCF partners Weixin Xu and Davis Yang joined the board to support international strategy and commercialization. Founded by former Vicuron executives (acquired by Pfizer in 2005 for $1.9 billion), MicuRx had previously partnered with Pfizer in 2010 on a drug-resistant tuberculosis treatment, though that deal ended shortly after. The hybrid model enabled efficient advancement of candidates like MRX-I with lower capital than traditional U.S. operations, positioning the company to address rising antibiotic resistance threats. Later, in 2020, MicuRx raised nearly $43 million in Series D to prepare for commercialization. |
Who has invested in MicuRx Pharmaceuticals?
17 investors have backed MicuRx Pharmaceuticals across its funding rounds, including BVCF, Korea Investment Partners, Legend Capital, Morningside, Huagai Capital and DT Capital Partners.
Lead investors include Legend Capital, Huagai Capital, BVCF, Delian Capital and GP Healthcare Capital.
MicuRx Pharmaceuticals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Aug 2013 | ||
| 1 | Participant | Sep 2016 | ||
| 1 | Lead | Sep 2016 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Lead | Dec 2017 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Sep 2016 | ||
| 1 | Lead | Aug 2020 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Aug 2013 | ||
| 1 | Participant | Aug 2013 | ||
This data is available for Pro users. Sign up to see all 17 MicuRx Pharmaceuticals 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 TrialMicuRx Pharmaceuticals Competitors
MicuRx Pharmaceuticals competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
MicuRx Pharmaceuticals Public Comps
MicuRx Pharmaceuticals is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all MicuRx Pharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MicuRx Pharmaceuticals
| When was MicuRx Pharmaceuticals founded? | MicuRx Pharmaceuticals was founded in 2007. |
| Where is MicuRx Pharmaceuticals headquartered? | MicuRx Pharmaceuticals is headquartered in San Francisco, CA, United States. |
| Is MicuRx Pharmaceuticals publicly listed? | No, MicuRx Pharmaceuticals is a private, VC-backed company. |
| How much funding has MicuRx Pharmaceuticals raised? | MicuRx Pharmaceuticals has raised $246M across 5 funding rounds. |
| What was MicuRx Pharmaceuticals' last funding round? | MicuRx Pharmaceuticals' last funding round was a $107M Series E in December 2020, led by Legend Capital. |
| Who are MicuRx Pharmaceuticals' investors? | MicuRx Pharmaceuticals' investors include BVCF, GP TMT Capital, GP Healthcare Capital, Sinopharm-CICC, Delian Capital, Yingke Capital, DT Capital Partners, Korea Investment Partners, 3E Bioventures, Huagai Capital and 7 others. |
| Which companies are comparable to MicuRx Pharmaceuticals? | Companies comparable to MicuRx Pharmaceuticals include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
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