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- Point Biopharma
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 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
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
Website
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.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 3 Oct 2023 | Strategic M&A | $1.4B | 6.2x | 10.8x |
Point Biopharma Funding History
Point Biopharma has raised a total of $20M across 1 funding round.
Point Biopharma funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Aug 2020 | Series A | $20M | POINT 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. |
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Start Free TrialPoint 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $108M | - | $1.2B | 11.3x | ||
| Private | - | - | $1.7B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | $131M | - | $1.9B | 14.5x | ||
| Publicly listed | - | ($179M) | $1.4B | - | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($179M) | - | - | (6.9x) | (7.6x) | |||
| - | ($178M) | - | - | (5.8x) | (5.2x) | |||
| $1.5B | $231M | 1.4x | 1.4x | 9.1x | 8.2x | |||
| $393M | $90M | 3.6x | - | 15.8x | - | |||
| - | ($211M) | - | - | (4.7x) | (6.1x) | |||
| $340M | $75M | 4.3x | 4.2x | 19.6x | - | |||
| $1.4B | $176M | 1.6x | 1.6x | 12.3x | 7.8x | |||
| $79M | $44M | 16.3x | 15.8x | 29.2x | 29.8x | |||
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. |
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