Point Biopharma Acquisition, Valuation, Funding & Investors

Point Biopharma was acquired by Eli Lilly for $1.4B in October 2023, a 6.2x multiple on $227M of revenue.

Point Biopharma acquisition price

$1.4B

Acquired by Eli Lilly · Oct 2023

Point Biopharma revenue at acquisition

$227M

Last twelve months · Oct 2023

Point Biopharma revenue multiple at acquisition

6.2x

EV/Revenue · Oct 2023

Point Biopharma EBITDA multiple at acquisition

10.8x

EV/EBITDA · Oct 2023

Point Biopharma Overview

About Point Biopharma

Point Biopharma Global is an Indianapolis-headquartered radiopharmaceutical company developing radioligand therapies for cancer using isotopes like Lutetium-177 and Actinium-225. Its pipeline includes PNT2002 for prostate cancer in Phase 3 trials, with GMP manufacturing in Canada and U.S. facilities.


Founded

2017

HQ

United StatesIndianapolis, IN

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Revenue

$227M (Oct 2023)

Valuation

$1.4B (acquired Oct 2023)

Point Biopharma Acquisition

Point Biopharma was acquired by Eli Lilly for $1.4B on 3 October 2023.

The acquisition price implies a 6.2x revenue and 10.8x EBITDA multiple on $227M of revenue.

Before the acquisition Point Biopharma had raised $20M across 1 funding round.

Point Biopharma acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
3 Oct 2023Strategic M&A$1.4B6.2x10.8x

Point Biopharma Funding History

Point Biopharma has raised a total of $20M across 1 funding round.

Point Biopharma funding rounds

Point Biopharma funding rounds
DateStageRaisedDeal Summary
Aug 2020Series A$20MPOINT Biopharma Inc., a radiopharmaceutical company, completed a USD $20 million Series A financing round on August 4, 2020, to advance its precision radioligand therapy pipeline for cancer patients, including investment in manufacturing capabilities and the Phase 3 trial for PNT2002, a 177Lu-PSMA radiotherapeutic for metastatic castrate-resistant prostate cancer. The company also announced the purchase and build-out of a 77,000 sqft radioligand manufacturing facility in Indianapolis, Indiana, positioning it as a leader in radioligand development and commercialization. POINT's leadership team has significant global experience in radioligands, with plans to expand its pipeline across various cancer indications. The financing strengthens POINT's ability to make radioligands accessible to more patients worldwide. Later developments include Eli Lilly's $1.4 billion acquisition of Point Biopharma announced in October 2023, paying $12.50 per share (85-87% premium), providing Lilly entry into radiopharmaceuticals with POINT's clinical-stage pipeline, including PNT2002 and others targeting prostate cancer and neuroendocrine tumors. The deal faced delays from major shareholders awaiting Phase 3 data, which showed 9.5 months median progression-free survival for PNT2002, but ultimately positioned Lilly to develop multiple radioligand therapies.

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 Trial

Point Biopharma Competitors

Point Biopharma competitors include listed companies like First Tracks Biotherapeutics and ArriVent BioPharma, and private ones like FibroGen, Rakuten Medical, ArsenalBio and BioRay Pharmaceuticals.

Public and private companies comparable to Point Biopharma
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FibroGenUnited StatesSan Francisco, CAPrivate$108M-$1.2B11.3x
Rakuten MedicalUnited StatesSan Diego, CAPrivate--$1.7B-
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
First Tracks BiotherapeuticsUnited StatesUnited StatesPublicly listed-($179M)$1.4B-
ArriVent BioPharmaUnited StatesUnited StatesPublicly listed-($178M)$1.4B-

Point Biopharma Public Comps

Point Biopharma is no longer listed, but its public comps include First Tracks Biotherapeutics, ArriVent BioPharma, Phibro Animal Health, Pacific Shuanglin, Damora Therapeutics, SOTHEMA, Conmed, ChemoMetec, Zhejiang Jolly and Cullinan Therapeutics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
First Tracks Biotherapeutics-($179M)--(6.9x)(7.6x)
ArriVent BioPharma-($178M)--(5.8x)(5.2x)
Phibro Animal Health$1.5B$231M1.4x1.4x9.1x8.2x
Pacific Shuanglin$393M$90M3.6x-15.8x-
Damora Therapeutics-($211M)--(4.7x)(6.1x)
SOTHEMA$340M$75M4.3x4.2x19.6x-
Conmed$1.4B$176M1.6x1.6x12.3x7.8x
ChemoMetec$79M$44M16.3x15.8x29.2x29.8x

This data is available for Pro users. Sign up to see all Point Biopharma competitors and their valuation data.

Start Free Trial

Common questions about Point Biopharma

When was Point Biopharma founded?Point Biopharma was founded in 2017.
Where is Point Biopharma headquartered?Point Biopharma is headquartered in Indianapolis, IN, United States.
Is Point Biopharma publicly listed?No, Point Biopharma was acquired by Eli Lilly in October 2023.
Who acquired Point Biopharma?Point Biopharma was acquired by Eli Lilly in October 2023.
How much was Point Biopharma acquired for?Point Biopharma was acquired for $1.4B in October 2023, a 6.2x revenue multiple.
How much funding has Point Biopharma raised?Point Biopharma has raised $20M across 1 funding round.
What was Point Biopharma's last funding round?Point Biopharma's last funding round was a $20M Series A in August 2020.
Which companies are comparable to Point Biopharma?Companies comparable to Point Biopharma include FibroGen, Rakuten Medical, ArsenalBio, BioRay Pharmaceuticals, First Tracks Biotherapeutics and ArriVent BioPharma.

See companies similar to Point Biopharma

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial