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- MyoKardia
MyoKardia Acquisition, Valuation, Funding & Investors
MyoKardia was acquired by Bristol-Myers Squibb for $13B in October 2020.
Cumulative funding MyoKardia raised
$56M
across 2 funding rounds
Key investors in MyoKardia
Cormorant Asset Management
Casdin Capital
Cowen Group
BridgeBio Pharma
Third Rock Ventures
Sanofi
Perceptive Life Sciences
About MyoKardia
MyoKardia is a Brisbane-headquartered biopharmaceutical company advancing small-molecule drugs for inherited cardiomyopathies. Its pipeline includes mavacamten, a cardiac myosin inhibitor for obstructive hypertrophic cardiomyopathy approved by the FDA in 2022. The drug reduces left ventricular outflow tract gradients in phase 3 trials involving 300 patients. Founded in 2012, MyoKardia was acquired by Bristol Myers Squibb for $13.1 billion in 2020, expanding its presence in South San Francisco.
Founded
2012
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$13B (acquired Oct 2020)
Sectors
MyoKardia Acquisition
MyoKardia was acquired by Bristol-Myers Squibb for $13B on 5 October 2020.
Before the acquisition MyoKardia had raised $56M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 5 Oct 2020 | Strategic M&A | $13B |
MyoKardia Funding History
MyoKardia has raised a total of $56M across 2 funding rounds.
MyoKardia's first fundraising round was a $10M Series A in August 2014. The most recent completed round was a $46M Series B in April 2015.
MyoKardia funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2015 | Series B | Perceptive Life Sciences; BridgeBio Pharma; Casdin Capital; Cowen Group; Cormorant Asset Management | $46M | MyoKardia is a clinical-stage biopharmaceutical company discovering and developing targeted therapies for serious cardiovascular diseases, with a focus on treatments for hypertrophic cardiomyopathy. The company was founded in 2012 as a spinout from the University of Colorado Boulder, with founding research led by Leslie Leinwand, a distinguished professor and chief scientific officer at CU Boulder's BioFrontiers Institute. MyoKardia's lead asset is mavacamten, a potential first-in-class cardiovascular medicine for obstructive hypertrophic cardiomyopathy, which would address an underlying biomechanical defect in the disease. The company completed a Series B financing round in May 2015 that included investments from BridgeBio Pharma, Casdin Capital, Cormorant Asset Management, Perceptive Life Sciences, and an undisclosed public investment fund, raising $46 million. Prior to the Series B, MyoKardia had established a strategic collaboration with Sanofi in August 2014, under which Sanofi agreed to provide up to $200 million in upfront and milestone payments, equity investments, and research and development support in exchange for certain program and product development and commercialization rights. As of the IPO filing in November 2015, the company had raised approximately $94 million in total equity financing across multiple rounds before going public on the Nasdaq Global Select Market. Bristol Myers Squibb later acquired MyoKardia in October 2020 for $13.1 billion, reflecting the eventual value of the company's promising cardiovascular pipeline. |
| Aug 2014 | Series A | BridgeBio Pharma; Casdin Capital; Third Rock Ventures; Sanofi; Cowen Group; Cormorant Asset Management | $10M | - |
Who has invested in MyoKardia?
7 investors have backed MyoKardia across its funding rounds, including Cormorant Asset Management, Casdin Capital, Cowen Group, BridgeBio Pharma, Third Rock Ventures and Sanofi.
MyoKardia Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Aug 2014 | ||
| 2 | Participant | Aug 2014 | ||
| 2 | Participant | Aug 2014 | ||
| 2 | Participant | Aug 2014 | ||
| 1 | Participant | Apr 2015 | ||
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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 TrialMyoKardia Competitors
MyoKardia competitors include listed companies like BridgeBio Pharma, Orion, Alteogen and CSPC Pharma Group, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $502M | ($569M) | $13B | 17.1x | ||
| Publicly listed | $2.2B | $785M | $13B | 5.6x | ||
| Publicly listed | $157M | $122M | $13B | 42.1x | ||
| Publicly listed | $3.9B | $904M | $13B | 2.3x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
MyoKardia Public Comps
MyoKardia is no longer listed, but its public comps include BridgeBio Pharma, Orion, Alteogen, CSPC Pharma Group, BioMarin Pharmaceutical, Yunnan Baiyao Group, Sino Biopharmaceutical, Halozyme Therapeutics, Recordati and Corcept Therapeutics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $502M | ($569M) | 29.8x | 17.1x | (26.3x) | (36.3x) | |||
| $2.2B | $785M | 6.1x | 5.6x | 16.8x | 15.1x | |||
| $157M | $122M | 79.9x | 42.1x | 102.6x | 65.1x | |||
| $3.9B | $904M | 2.7x | 2.3x | 11.6x | 6.8x | |||
| $3.2B | $498M | 4.9x | 4.3x | 32.0x | 17.7x | |||
| $6.1B | $945M | 1.9x | 1.9x | 12.3x | 12.7x | |||
| $4.7B | $1.1B | 2.7x | 2.5x | 11.5x | 8.5x | |||
| $1.4B | $496M | 10.3x | 8.4x | 28.9x | 13.6x | |||
This data is available for Pro users. Sign up to see all MyoKardia competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MyoKardia
| When was MyoKardia founded? | MyoKardia was founded in 2012. |
| Where is MyoKardia headquartered? | MyoKardia is headquartered in United States. |
| Is MyoKardia publicly listed? | No, MyoKardia was acquired by Bristol-Myers Squibb in October 2020. |
| Who acquired MyoKardia? | MyoKardia was acquired by Bristol-Myers Squibb in October 2020. |
| How much was MyoKardia acquired for? | MyoKardia was acquired for $13B in October 2020. |
| How much funding has MyoKardia raised? | MyoKardia has raised $56M across 2 funding rounds. |
| What was MyoKardia's last funding round? | MyoKardia's last funding round was a $46M Series B in April 2015. |
| Who are MyoKardia's investors? | MyoKardia's investors include BridgeBio Pharma, Casdin Capital, Cowen Group, Cormorant Asset Management, Perceptive Life Sciences, Third Rock Ventures and Sanofi. |
| Which companies are comparable to MyoKardia? | Companies comparable to MyoKardia include BridgeBio Pharma, Orion, Alteogen, CSPC Pharma Group, Biosplice Therapeutics and Biocon Biologics. |
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