Neurogastrx Funding, Investors & Competitors

Neurogastrx has raised $105M across 2 funding rounds, most recently a $60M Series B in August 2021.

Last Neurogastrx funding round

$60M

Series B · Aug 2021

Cumulative funding Neurogastrx raised

$105M

across 2 funding rounds

Key investors in Neurogastrx

  • OrbiMed
  • 5AM Ventures
  • venBio Partners
  • Vivo Capital
  • Samsara BioCapital
  • RTW Investments
  • Marshall Wace

Neurogastrx Overview

About Neurogastrx

Neurogastrx is a specialty pharmaceutical company based in Woburn, Massachusetts that develops therapies for gastrointestinal disorders affecting the enteric nervous system and gut-brain axis. Its pipeline includes fexuprazan, licensed from Daewoong Pharmaceutical for development and commercialization in the U.S. and Canada as a treatment for erosive esophagitis, and NG-101, an internally developed candidate for gastroparesis. The company targets underserved GI conditions, including erosive esophagitis, which affects about 20% of patients with GERD.


Founded

2012

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Neurogastrx Funding History

Neurogastrx has raised a total of $105M across 2 funding rounds.

Neurogastrx's first fundraising round was a $45M Series A in January 2018. The most recent completed round was a $60M Series B in August 2021.

Neurogastrx funding rounds

Neurogastrx funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2021Series BVivo Capital (lead); RTW Investments; 5AM Ventures; Marshall Wace; OrbiMed; venBio Partners; Samsara BioCapital$60MNeurogastrx, a specialty pharmaceutical company based in Woburn, MA, develops transformative investigational therapies for gastrointestinal disorders, including fexuprazan for erosive esophagitis (EE) and NG101 for gastroparesis. On August 26, 2021, it closed a $60 million Series B crossover financing round led by Vivo Capital, with participation from new investors RTW Investments, Samsara BioCapital, and Marshall Wace, alongside existing Series A backers 5AM Ventures, venBio Partners, and OrbiMed. The round brings total funding to $125 million across four rounds, following a $45 million Series A in January 2018. Proceeds from the Series B will advance the pipeline, funding a Phase 3 trial of fexuprazan in EE patients starting in 2022 and an ongoing Phase 2 study of NG101 in gastroparesis. Neurogastrx licensed fexuprazan for development and commercialization in the U.S. and Canada from Daewoong Pharmaceutical in June 2021; Daewoong had completed a Phase 3 trial in South Korea and granted Neurogastrx an equity stake that increases to 13.5% upon IPO. The company targets underserved GI conditions affecting millions, positioning fexuprazan to compete in the erosive esophagitis segment of GERD, which impacts about 20% of patients. In conjunction with the financing, Neurogastrx expanded its management team, hiring Jim DeTore as CFO (ex-Bluebird Bio and Ironwood Pharmaceuticals), along with a CMO and CBO to prepare for pivotal growth. CEO James O’Mara noted the investor support enables leveraging the pipeline's potential amid a partnership with Daewoong. The company anticipates needing additional capital beyond the Series B for Phase 3 studies and commercialization, given the U.S. market of about 10,000 gastroenterologists.
Jan 2018Series A5AM Ventures (lead); OrbiMed (lead); venBio Partners (lead)$45MNeurogastrx, Inc. is a private biopharmaceutical company focused on discovering and developing therapies for gastrointestinal disorders affecting the enteric nervous system, particularly targeting the gut-brain axis. Its lead asset, NG-101, is intended to treat gastroparesis, a condition causing delayed gastric emptying leading to symptoms like nausea, vomiting, and bloating. The company announced a $45 million Series A financing on January 4, 2018, co-led by 5AM Ventures, OrbiMed Advisors, and venBio Partners. The proceeds from the Series A were designated to build out the management team, relocate headquarters from Campbell, California, to the greater Boston area, and advance NG-101 through proof-of-concept studies. Jim O’Mara was appointed CEO, Klaus Veitinger became Chairman, and new board members included David Allison from 5AM Ventures, Aaron Royston from venBio, and Kevin Koch. Founder and CSO Cyril De Colle emphasized NG-101's mechanism in modulating receptors in the gut-brain pathway to alleviate gastroparesis symptoms. Gastroparesis affects millions, often linked to diabetes, with limited treatments like Reglan (metoclopramide) restricted by safety issues. Neurogastrx aims to address unmet needs in this space, competing indirectly with efforts like Evoke Pharma's failed phase 3 candidate and Axial Biotherapeutics' gut-targeted CNS therapies. In 2021, Neurogastrx raised a $60 million Series B crossover round led by Vivo Capital, with participation from RTW Investments, Samsara BioCapital, Marshall Wace, and prior Series A investors. This funded advancement of its pipeline, including fexuprazan for erosive esophagitis (affecting 20% of GERD patients) toward phase 3 and ongoing phase 2 for NG-101, plus a partnership with Daewoong Pharmaceuticals.

Who has invested in Neurogastrx?

7 investors have backed Neurogastrx across its funding rounds, including OrbiMed, 5AM Ventures, venBio Partners, Vivo Capital, Samsara BioCapital and RTW Investments.

Lead investors include Vivo Capital, 5AM Ventures, OrbiMed and venBio Partners.


Neurogastrx Investors

Investors in Neurogastrx by funding rounds participated
InvestorHQRoundsRoleFirst check
5AM VenturesUnited StatesUnited States2LeadJan 2018
OrbiMedUnited StatesNew York City, NY2LeadJan 2018
venBio PartnersUnited StatesSan Francisco, CA2LeadJan 2018
RTW InvestmentsUnited StatesNew York City, NY1ParticipantAug 2021
Marshall WaceUnited KingdomLondon1ParticipantAug 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Neurogastrx Competitors

Neurogastrx competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Neurogastrx
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Neurogastrx Public Comps

Neurogastrx 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Neurogastrx

When was Neurogastrx founded?Neurogastrx was founded in 2012.
Where is Neurogastrx headquartered?Neurogastrx is headquartered in United States.
Is Neurogastrx publicly listed?No, Neurogastrx is a private, VC-backed company.
How much funding has Neurogastrx raised?Neurogastrx has raised $105M across 2 funding rounds.
What was Neurogastrx's last funding round?Neurogastrx's last funding round was a $60M Series B in August 2021, led by Vivo Capital.
Who are Neurogastrx's investors?Neurogastrx's investors include 5AM Ventures, OrbiMed, venBio Partners, RTW Investments, Marshall Wace, Vivo Capital and Samsara BioCapital.
Which companies are comparable to Neurogastrx?Companies comparable to Neurogastrx include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

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