- Companies
- Provention Bio
Provention Bio Acquisition, Valuation, Funding & Investors
Provention Bio was acquired by Sanofi for $2B in March 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
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
Website
Status
Acquired
Customer focus
B2B
Revenue model
Licensing
Revenue
$3M (Mar 2023)
Valuation
$2B (acquired Mar 2023)
Sectors
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.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 13 Mar 2023 | Strategic M&A | $2B | 714.3x |
Provention Bio Funding History
Provention Bio has raised a total of $28M across 1 funding round.
Provention Bio funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Jan 2017 | Series A | Johnson & 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2017 | ||
This data is available for Pro users. Sign up to see all 3 Provention Bio investors. Start Free Trial | ||||
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 TrialProvention 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Publicly listed | $54M | ($465M) | $2B | 9.7x | ||
| Publicly listed | $510M | $196M | $2B | 3.9x | ||
| Publicly listed | - | ($124M) | $2B | 110.7x | ||
| Publicly listed | $395M | $142M | $2B | 4.6x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $54M | ($465M) | 26.3x | 9.7x | (3.1x) | (3.5x) | |||
| $510M | $196M | 4.1x | 3.9x | 10.6x | 7.8x | |||
| - | ($124M) | - | 110.7x | (12.8x) | (8.7x) | |||
| $395M | $142M | 4.7x | 4.6x | 12.9x | 13.9x | |||
| $896M | $214M | 2.0x | 1.9x | 8.4x | 8.3x | |||
| $2B | $305M | 0.9x | 0.8x | 6.0x | 6.0x | |||
| $106M | ($82M) | 16.1x | 6.8x | (20.9x) | 43.1x | |||
| - | ($53M) | - | - | (30.3x) | (21.8x) | |||
This data is available for Pro users. Sign up to see all Provention Bio competitors and their valuation data. Start Free Trial | ||||||||
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
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




