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

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

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
AcquirerDateTypePrice
13 Mar 2023Strategic M&A$2B

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 United Laboratories International, Brightgene Bio-medical, Anhui Anke Biotechnology and First Tracks Biotherapeutics, and private ones like ArsenalBio and BioRay Pharmaceuticals.

Public and private companies comparable to Provention Bio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
United Laboratories InternationalIndiaIndiaPublicly listed$2B$464M$2B0.7x
Brightgene Bio-medicalChinaChinaPublicly listed$184M$35M$2B11.0x
Anhui Anke BiotechnologyChinaChinaPublicly listed$397M$143M$2B4.6x
First Tracks BiotherapeuticsUnited StatesUnited StatesPublicly listed-($179M)$2B-
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
United Laboratories International$2B$464M0.6x0.7x2.7x4.1x
Brightgene Bio-medical$184M$35M12.2x11.0x64.6x37.0x
Anhui Anke Biotechnology$397M$143M4.6x4.6x12.8x13.8x
First Tracks Biotherapeutics-($179M)--(10.4x)(11.7x)
Grand Pharmaceutical$1.6B$284M1.6x1.5x8.7x7.6x
Alembic Pharmaceuticals$766M$117M2.8x2.5x18.3x15.8x
BioCryst Pharmaceuticals$875M$337M2.7x3.2x7.1x-
Shilpa Medicare$163M$49M12.3x10.9x41.2x37.3x

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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 United Laboratories International, Brightgene Bio-medical, Anhui Anke Biotechnology, First Tracks Biotherapeutics, ArsenalBio and BioRay Pharmaceuticals.

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