Rodeo Therapeutics Acquisition, Valuation, Funding & Investors

Rodeo Therapeutics was acquired by Amgen for $721M in March 2021.

Rodeo Therapeutics acquisition price

$721M

Acquired by Amgen · Mar 2021

Cumulative funding Rodeo Therapeutics raised

$15M

across 2 funding rounds

Key investors in Rodeo Therapeutics

  • Alexandria Venture Investments
  • ARCH Venture Partners
  • Johnson & Johnson Innovation
  • Eli Lilly
  • AbbVie
  • Wuxi AppTec
  • Washington Research Foundation
  • Accelerator Life Science Partners

Rodeo Therapeutics Overview

About Rodeo Therapeutics

Rodeo Therapeutics develops small-molecule drugs targeting enzyme pathways for tissue repair and immune modulation. Seattle-headquartered, the company advanced programs for inflammatory bowel disease and post-bone marrow transplant blood cell recovery. Roche acquired Rodeo Therapeutics in 2019 to expand its regenerative medicine pipeline.


Founded

2017

HQ

United StatesSeattle, WA

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Valuation

$721M (acquired Mar 2021)

Rodeo Therapeutics Acquisition

Rodeo Therapeutics was acquired by Amgen for $721M on 30 March 2021.

Before the acquisition Rodeo Therapeutics had raised $15M across 2 funding rounds.

Rodeo Therapeutics acquisition details
AcquirerDateTypePrice
30 Mar 2021Strategic M&A$721M

Rodeo Therapeutics Funding History

Rodeo Therapeutics has raised a total of $15M across 2 funding rounds.

Rodeo Therapeutics' first fundraising round was a $6M Series A in July 2017. The most recent completed round was a $9M Series A in November 2018.

Rodeo Therapeutics funding rounds

Rodeo Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2018Series AAccelerator Life Science Partners$9MRodeo Therapeutics, founded in July 2017 by Accelerator Life Science Partners, develops small-molecule therapies that promote tissue regeneration and repair by modulating prostaglandin biology, specifically targeting 15-prostaglandin dehydrogenase (15-PGDH) inhibitors. The company's lead program showed preclinical efficacy in protecting against colitis, idiopathic pulmonary fibrosis, and promoting liver regeneration and blood cell reconstitution after bone marrow transplant. Rodeo raised a $5.9 million Series A round in 2017 from investors including AbbVie Ventures, Alexandria Venture Investments, Arch Venture Partners, Eli Lilly, and Johnson & Johnson Innovation. Total funding reached $14.85 million over three rounds by 2021. In March 2021, Amgen acquired Rodeo for $55 million upfront plus up to $666 million in milestones.
Jul 2017Series AAccelerator Corp. (lead); Wuxi AppTec; Alexandria Venture Investments; AbbVie; Eli Lilly; Watson Fund; Johnson & Johnson Innovation; ARCH Venture Partners; Washington Research Foundation$6MRodeo Therapeutics, founded in July 2017 by Accelerator Life Science Partners, develops small-molecule therapies that promote regeneration and repair of multiple tissue types by modulating prostaglandin biology, specifically targeting 15-prostaglandin dehydrogenase (15-PGDH) inhibitors. The company's initial focus includes inflammatory bowel disease, protection against colitis, idiopathic pulmonary fibrosis, and liver regeneration, with lead candidate RTX-1688 nominated in August 2020 for inflammatory bowel disease after demonstrating efficacy in preclinical models. On July 25, 2017, Rodeo Therapeutics raised a $5.9 million Series A round led by Accelerator Corporation, with participation from AbbVie Ventures, Alexandria Venture Investments, ARCH Venture Partners, Eli Lilly and Company, Johnson & Johnson Innovation – JJDC, Inc., Watson Fund, L.P., WRF Capital, and WuXi AppTec. The financing supported advancement of the lead product candidate toward human trials. A subsequent Series B round occurred on December 10, 2018, contributing to total funding of $14.85 million over three rounds. In March 2021, Amgen acquired Rodeo Therapeutics for an upfront payment of $55 million plus potential milestone payments up to $666 million, totaling a potential $721 million, to integrate its 15-PGDH program into Amgen's inflammation portfolio.

Who has invested in Rodeo Therapeutics?

10 investors have backed Rodeo Therapeutics across its funding rounds, including Alexandria Venture Investments, ARCH Venture Partners, Johnson & Johnson Innovation, Eli Lilly, AbbVie and Wuxi AppTec.

Lead investors include Accelerator Corp..


Rodeo Therapeutics Investors

Investors in Rodeo Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Wuxi AppTecChinaShanghai1ParticipantJul 2017
Alexandria Venture InvestmentsUnited StatesLos Angeles, CA1ParticipantJul 2017
Accelerator Corp.United StatesUnited States1LeadJul 2017
Accelerator Life Science PartnersUnited StatesNew York City, NY1ParticipantNov 2018
AbbVieUnited StatesChicago, IL1ParticipantJul 2017
Eli LillyUnited StatesIndianapolis, IN1ParticipantJul 2017
Watson FundUnited StatesSeattle, WA1ParticipantJul 2017
Johnson & Johnson InnovationUnited StatesUnited States1ParticipantJul 2017

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Rodeo Therapeutics Competitors

Rodeo Therapeutics competitors include listed companies like Knight Therapeutics, Center Laboratories, Collegium Pharmaceutical and Tempo Scan Pacific, and private ones like Sonoma Biotherapeutics and ZSPepLib.

Public and private companies comparable to Rodeo Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Knight TherapeuticsCanadaCanadaPublicly listed$323M$39M$720M1.8x
Center LaboratoriesTaiwanTaiwanPublicly listed$48M($9M)$724M-
Collegium PharmaceuticalUnited StatesUnited StatesPublicly listed$781M$390M$728M2.1x
Tempo Scan PacificIndonesiaIndonesiaPublicly listed$790M$111M$712M-
Sonoma BiotherapeuticsUnited StatesSan Francisco, CAPrivate--$732M-
ZSPepLibChinaZhuzhouPrivate--$732M-

Rodeo Therapeutics Public Comps

Rodeo Therapeutics is no longer listed, but its public comps include Knight Therapeutics, Center Laboratories, Collegium Pharmaceutical, Tempo Scan Pacific, XOMA Royalty, MapLight Therapeutics, CHO Pharma, Zevra Therapeutics, Sanofi India and Ironwood Pharmaceuticals.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Knight Therapeutics$323M$39M2.0x1.8x17.0x11.3x
Center Laboratories$48M($9M)15.4x-(82.6x)-
Collegium Pharmaceutical$781M$390M2.2x2.1x4.4x3.8x
Tempo Scan Pacific$790M$111M0.6x-4.5x-
XOMA Royalty$52M$11M14.4x14.4x65.7x65.7x
MapLight Therapeutics-($166M)--(2.6x)(2.1x)
CHO Pharma$45K($9M)14338.3x-(68.6x)-
Zevra Therapeutics$106M$92M4.5x3.5x5.3x9.5x

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Common questions about Rodeo Therapeutics

When was Rodeo Therapeutics founded?Rodeo Therapeutics was founded in 2017.
Where is Rodeo Therapeutics headquartered?Rodeo Therapeutics is headquartered in Seattle, WA, United States.
Is Rodeo Therapeutics publicly listed?No, Rodeo Therapeutics was acquired by Amgen in March 2021.
Who acquired Rodeo Therapeutics?Rodeo Therapeutics was acquired by Amgen in March 2021.
How much was Rodeo Therapeutics acquired for?Rodeo Therapeutics was acquired for $721M in March 2021.
How much funding has Rodeo Therapeutics raised?Rodeo Therapeutics has raised $15M across 2 funding rounds.
What was Rodeo Therapeutics' last funding round?Rodeo Therapeutics' last funding round was a $9M Series A in November 2018.
Who are Rodeo Therapeutics' investors?Rodeo Therapeutics' investors include Wuxi AppTec, Alexandria Venture Investments, Accelerator Corp., Accelerator Life Science Partners, AbbVie, Eli Lilly, Watson Fund, Johnson & Johnson Innovation, ARCH Venture Partners and Washington Research Foundation.
Which companies are comparable to Rodeo Therapeutics?Companies comparable to Rodeo Therapeutics include Knight Therapeutics, Center Laboratories, Collegium Pharmaceutical, Tempo Scan Pacific, Sonoma Biotherapeutics and ZSPepLib.

See companies similar to Rodeo Therapeutics

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