MyoKardia Acquisition, Valuation, Funding & Investors

MyoKardia was acquired by Bristol-Myers Squibb for $13B in October 2020.

MyoKardia acquisition price

$13B

Acquired by Bristol-Myers Squibb · Oct 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

MyoKardia Overview

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

United StatesUnited States

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$13B (acquired Oct 2020)

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.

MyoKardia acquisition details
AcquirerDateTypePrice
5 Oct 2020Strategic 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

MyoKardia funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2015Series BPerceptive Life Sciences; BridgeBio Pharma; Casdin Capital; Cowen Group; Cormorant Asset Management$46MMyoKardia 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 2014Series ABridgeBio 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

Investors in MyoKardia by funding rounds participated
InvestorHQRoundsRoleFirst check
BridgeBio PharmaUnited StatesSan Francisco, CA2ParticipantAug 2014
Casdin CapitalUnited StatesNew York City, NY2ParticipantAug 2014
Cowen GroupUnited StatesUnited States2ParticipantAug 2014
Cormorant Asset ManagementUnited StatesBoston, MA2ParticipantAug 2014
Perceptive Life SciencesUnited StatesNew York City, NY1ParticipantApr 2015

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MyoKardia Competitors

MyoKardia competitors include listed companies like BridgeBio Pharma, Orion, Alteogen and CSPC Pharma Group, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to MyoKardia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BridgeBio PharmaUnited StatesUnited StatesPublicly listed$502M($569M)$13B17.1x
OrionFinlandFinlandPublicly listed$2.2B$785M$13B5.6x
AlteogenSouth KoreaSouth KoreaPublicly listed$157M$122M$13B42.1x
CSPC Pharma GroupChinaChinaPublicly listed$3.9B$904M$13B2.3x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BridgeBio Pharma$502M($569M)29.8x17.1x(26.3x)(36.3x)
Orion$2.2B$785M6.1x5.6x16.8x15.1x
Alteogen$157M$122M79.9x42.1x102.6x65.1x
CSPC Pharma Group$3.9B$904M2.7x2.3x11.6x6.8x
BioMarin Pharmaceutical$3.2B$498M4.9x4.3x32.0x17.7x
Yunnan Baiyao Group$6.1B$945M1.9x1.9x12.3x12.7x
Sino Biopharmaceutical$4.7B$1.1B2.7x2.5x11.5x8.5x
Halozyme Therapeutics$1.4B$496M10.3x8.4x28.9x13.6x

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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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