Portola Pharmaceuticals Acquisition, Valuation, Funding & Investors

Portola Pharmaceuticals was acquired by Alexion Pharmaceuticals for $1.4B in May 2020, a 12.1x multiple on $117M of revenue.

Portola Pharmaceuticals acquisition price

$1.4B

Acquired by Alexion Pharmaceuticals · May 2020

Portola Pharmaceuticals revenue at acquisition

$117M

Last twelve months · May 2020

Portola Pharmaceuticals revenue multiple at acquisition

12.1x

EV/Revenue · May 2020

Cumulative funding Portola Pharmaceuticals raised

$89M

across 1 funding round

Portola Pharmaceuticals Overview

About Portola Pharmaceuticals

Portola Pharmaceuticals is a South San Francisco-headquartered biopharmaceutical company founded in 2003, developing therapies for cardiovascular, thrombotic, and inflammatory conditions. Key pipeline includes betrixaban for venous thromboembolism prevention and cerdulatinib for hematologic cancers. Portola Pharmaceuticals advanced factor Xa inhibitors and Syk inhibitors through Phase III trials. At the transaction date, the organisation operated in Biopharmaceuticals and participated through the products, services, assets or investment capabilities described in the cited materials. It served B2B customers, users or counterparties through those activities. Its commercial model generated revenue through licensing, supported by sector expertise, operating execution and customer relationships. The business depended on its people, technology, physical assets, regulatory position or investment capital as appropriate to the sector. This profile identifies the legal or operating participant in the historical transaction and preserves that identity where a later merger, disposal, delisting or reorganisation changed the company’s name or ownership.


Founded

2003

HQ

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Revenue

$117M (May 2020)

Valuation

$1.4B (acquired May 2020)

Portola Pharmaceuticals Acquisition

Portola Pharmaceuticals was acquired by Alexion Pharmaceuticals for $1.4B on 5 May 2020.

The acquisition price implies a 12.1x revenue multiple on $117M of revenue.

Before the acquisition Portola Pharmaceuticals had raised $89M across 1 funding round.

Portola Pharmaceuticals acquisition details
AcquirerDateTypePriceEV/Revenue
  • Alexion Pharmaceuticals
5 May 2020Strategic M&A$1.4B12.1x

Portola Pharmaceuticals Funding History

Portola Pharmaceuticals has raised a total of $89M across 1 funding round.

Portola Pharmaceuticals funding rounds

Portola Pharmaceuticals funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2011Series DTemasek$89MPortola Pharmaceuticals raised US$89 million in a Series D financing reported on 22 November 2011, with Temasek and Eastern Capital joining as new investors alongside existing backers. Temasek's subsequent annual review reported a S$60 million biotechnology investment in Portola, but it did not identify Temasek's US-dollar contribution within the syndicate. The company was developing therapies for thrombosis and haematologic conditions, including drug candidates addressing anticoagulation and blood-clotting pathways. The financing supported clinical development after changes to earlier strategic programmes. Portola later became a public biopharmaceutical company and was acquired by Alexion. Portola Pharmaceuticals serves business and consumer customers through activities spanning its core operating markets.

Who has invested in Portola Pharmaceuticals?

1 investor has backed Portola Pharmaceuticals across its funding rounds, including Temasek.


Portola Pharmaceuticals Investors

Investors in Portola Pharmaceuticals by funding rounds participated
InvestorHQRoundsRoleFirst check

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Portola Pharmaceuticals Competitors

Portola Pharmaceuticals competitors include listed companies like Taysha GTx, Korsana Biosciences, Concord Biotech and Mezzion Pharma, and private ones like Moonlight Therapeutics and Grupo Cimed.

Public and private companies comparable to Portola Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Taysha GTxUnited StatesUnited StatesPublicly listed$10M($117M)$1.4B334.1x
Korsana BiosciencesUnited StatesUnited StatesPublicly listed-($37M)$1.4B-
Concord BiotechIndiaIndiaPublicly listed$111M$44M$1.4B10.6x
Mezzion PharmaSouth KoreaSouth KoreaPublicly listed$6M($27M)$1.4B-
Moonlight TherapeuticsUnited StatesAtlanta, GAPrivate--$1.4B-
Grupo CimedBrazilSão PauloPrivate--$1.4B-

Portola Pharmaceuticals Public Comps

Portola Pharmaceuticals is no longer listed, but its public comps include Taysha GTx, Korsana Biosciences, Concord Biotech, Mezzion Pharma, Nippon Shinyaku, Ascentage Pharma Group, Hualan Biological Vaccine, AnaptysBio, Mabwell and Pacific Shuanglin.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Taysha GTx$10M($117M)103.6x334.1x(8.7x)(5.5x)
Korsana Biosciences-($37M)--(26.4x)-
Concord Biotech$111M$44M12.2x10.6x30.6x30.0x
Mezzion Pharma$6M($27M)239.3x-(51.3x)-
Nippon Shinyaku$1.1B$266M0.9x0.8x3.6x3.6x
Ascentage Pharma Group$86M($177M)16.5x13.0x(8.1x)(8.6x)
Hualan Biological Vaccine$180M$49M6.0x5.3x21.9x23.7x
AnaptysBio$235M$234M5.3x6.1x5.3x24.9x

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Common questions about Portola Pharmaceuticals

When was Portola Pharmaceuticals founded?Portola Pharmaceuticals was founded in 2003.
Where is Portola Pharmaceuticals headquartered?Portola Pharmaceuticals is headquartered in San Francisco, CA, United States.
Is Portola Pharmaceuticals publicly listed?No, Portola Pharmaceuticals was acquired by Alexion Pharmaceuticals in May 2020.
Who acquired Portola Pharmaceuticals?Portola Pharmaceuticals was acquired by Alexion Pharmaceuticals in May 2020.
How much was Portola Pharmaceuticals acquired for?Portola Pharmaceuticals was acquired for $1.4B in May 2020, a 12.1x revenue multiple.
How much funding has Portola Pharmaceuticals raised?Portola Pharmaceuticals has raised $89M across 1 funding round.
What was Portola Pharmaceuticals' last funding round?Portola Pharmaceuticals' last funding round was a $89M Series D in November 2011.
Who are Portola Pharmaceuticals' investors?Portola Pharmaceuticals' investors include Temasek.
Which companies are comparable to Portola Pharmaceuticals?Companies comparable to Portola Pharmaceuticals include Taysha GTx, Korsana Biosciences, Concord Biotech, Mezzion Pharma, Moonlight Therapeutics and Grupo Cimed.

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