Provention Bio Acquisition, Valuation, Funding & Investors

Provention Bio was acquired by Sanofi for $2B in March 2023.

Provention Bio acquisition price

$2B

Acquired by Sanofi · Mar 2023

Provention Bio revenue at acquisition

$3M

Last twelve months · Mar 2023

Cumulative funding Provention Bio raised

$28M

across 1 funding round

Key investors in Provention Bio

  • Johnson & Johnson Innovation
  • JDRF T1D Fund
  • MDB Capital Holdings

Provention Bio Overview

About Provention Bio

Provention Bio is a biopharmaceutical company developing therapies to prevent immune-mediated diseases like type 1 diabetes, celiac disease, and inflammatory bowel disorders. Pipeline includes priliximab for ulcerative colitis and retifanlimab for viral infections. Headquartered in Red Bank, New Jersey, Provention licensed assets from major pharma and advanced candidates into phase 3 trials. Sanofi acquired the company in 2023 for its subcutaneous biologic delivery platform.


Founded

2016

HQ

United StatesRed Bank, NJ

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Revenue

$3M (Mar 2023)

Valuation

$2B (acquired Mar 2023)

Provention Bio Acquisition

Provention Bio was acquired by Sanofi for $2B on 13 March 2023.

Before the acquisition Provention Bio had raised $28M across 1 funding round.

Provention Bio acquisition details
AcquirerDateTypePriceEV/Revenue
13 Mar 2023Strategic M&A$2B714.3x

Provention Bio Funding History

Provention Bio has raised a total of $28M across 1 funding round.

Provention Bio funding rounds

Provention Bio funding rounds
DateStageInvestorsRaised
Jan 2017Series AJohnson & Johnson Innovation (lead); JDRF T1D Fund; MDB Capital Holdings$28M

Who has invested in Provention Bio?

3 investors have backed Provention Bio across its funding rounds, including Johnson & Johnson Innovation, JDRF T1D Fund and MDB Capital Holdings.

Lead investors include Johnson & Johnson Innovation.


Provention Bio Investors

Investors in Provention Bio by funding rounds participated
InvestorHQRoundsRoleFirst check
JDRF T1D FundUnited StatesBoston, MA1ParticipantJan 2017

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Provention Bio Competitors

Provention Bio competitors include listed companies like Agios Pharmaceuticals, ADMA Biologics, Rapport Therapeutics and Anhui Anke Biotechnology, and private ones like AtaiBeckley and ArsenalBio.

Public and private companies comparable to Provention Bio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AtaiBeckleyGermanyBerlinPrivate--$2B-
Agios PharmaceuticalsUnited StatesUnited StatesPublicly listed$54M($465M)$2B9.7x
ADMA BiologicsUnited StatesUnited StatesPublicly listed$510M$196M$2B3.9x
Rapport TherapeuticsUnited StatesUnited StatesPublicly listed-($124M)$2B110.7x
Anhui Anke BiotechnologyChinaChinaPublicly listed$395M$142M$2B4.6x
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-

Provention Bio Public Comps

Provention Bio is no longer listed, but its public comps include Agios Pharmaceuticals, ADMA Biologics, Rapport Therapeutics, Anhui Anke Biotechnology, Guobang Pharma, Kalbe Farma, Zymeworks, GH Research, BioKangtai and United Laboratories International.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Agios Pharmaceuticals$54M($465M)26.3x9.7x(3.1x)(3.5x)
ADMA Biologics$510M$196M4.1x3.9x10.6x7.8x
Rapport Therapeutics-($124M)-110.7x(12.8x)(8.7x)
Anhui Anke Biotechnology$395M$142M4.7x4.6x12.9x13.9x
Guobang Pharma$896M$214M2.0x1.9x8.4x8.3x
Kalbe Farma$2B$305M0.9x0.8x6.0x6.0x
Zymeworks$106M($82M)16.1x6.8x(20.9x)43.1x
GH Research-($53M)--(30.3x)(21.8x)

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Common questions about Provention Bio

When was Provention Bio founded?Provention Bio was founded in 2016.
Where is Provention Bio headquartered?Provention Bio is headquartered in Red Bank, NJ, United States.
Is Provention Bio publicly listed?No, Provention Bio was acquired by Sanofi in March 2023.
Who acquired Provention Bio?Provention Bio was acquired by Sanofi in March 2023.
How much was Provention Bio acquired for?Provention Bio was acquired for $2B in March 2023.
How much funding has Provention Bio raised?Provention Bio has raised $28M across 1 funding round.
What was Provention Bio's last funding round?Provention Bio's last funding round was a $28M Series A in January 2017, led by Johnson & Johnson Innovation.
Who are Provention Bio's investors?Provention Bio's investors include JDRF T1D Fund, MDB Capital Holdings and Johnson & Johnson Innovation.
Which companies are comparable to Provention Bio?Companies comparable to Provention Bio include AtaiBeckley, Agios Pharmaceuticals, ADMA Biologics, Rapport Therapeutics, Anhui Anke Biotechnology and ArsenalBio.

See companies similar to Provention Bio

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