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- SOFIE
SOFIE Acquisition, Valuation, Funding & Investors
SOFIE was acquired by GE HealthCare for $945M in October 2026.
Cumulative funding SOFIE raised
$36M
across 3 funding rounds
Key investors in SOFIE
Cycad Group
Jubilant Biosys
Tata Industries Limited
MRM Capital
About SOFIE
SOFIE is a Long Island City-headquartered radiopharmaceutical company advancing theranostics for cancer diagnosis and therapy. It manufactures PET imaging agents like [18F]FDG and [68Ga]PSMA-11, alongside cyclotron and chemistry systems for on-site production. SOFIE operates a network of 12 radiopharmacies across the U.S. and contract manufacturing for novel tracers, supporting clinical trials and commercial supply for partners like Novartis.
Founded
2008
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$100M (Nov 2020)
SOFIE Acquisition
SOFIE was acquired by GE HealthCare for $945M on 5 October 2026.
Before the acquisition SOFIE had raised $36M across 3 funding rounds.
GE HealthCare announced acquisition of SOFIE Biosciences, a radiopharmaceutical manufacturer and distributor, in October 2026 for $945 million in cash, establishing a final-mile footprint for PET radiopharmaceutical supply in the United States. The transaction expands GE HealthCare's footprint in the radiopharmaceutical industry and supports patient access to fluorine-18 labeled positron emission tomography radiopharmaceuticals for diagnostic imaging of cancer and other diseases. SOFIE Biosciences, founded in 2006 by Dr. Michael Phelps and headquartered in Los Angeles, California, operates a network of 14 radiopharmacy sites committed to on-time delivery and maintains intellectual property in theranostic agents including FAPI targeting compounds developed in collaboration with major medical centers. The company generates revenues in the hundreds of millions from its contract manufacturing services and radiopharmaceutical distribution network serving clinical research programs and diagnostic imaging centers across the United States. SOFIE's mature manufacturing capabilities, established supply chain infrastructure and theranostic intellectual property position it as a significant player in accelerating adoption and access to molecular diagnostics and therapeutics for personalized medicine applications.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 5 Oct 2026 | Strategic M&A | $945M |
Sources: gehealthcare.com, sofie.com, gehealthcare.com
SOFIE Valuation
SOFIE is currently valued at $100M, based on its Series C in November 2020. Read the announcement ↗
The $27M round was led by Jubilant Biosys.
SOFIE valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2020 | Series C | $100M |
SOFIE Funding History
SOFIE has raised a total of $36M across 3 funding rounds.
SOFIE's first fundraising round was a $5M Series A in October 2013. The most recent completed round was a $27M Series C in November 2020.
SOFIE funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2020 | Series C | Jubilant Biosys (lead) | $27M | $100M | SOFIE Biosciences Inc. is a US-based company focused on developing and delivering molecular diagnostics and therapeutics, particularly theranostics, with a radiopharmaceutical production and distribution network, contract manufacturing services, and high-value theranostic intellectual property including FAPI compounds for oncology detection and treatment. It provides PET scanners using radiotracers for cancer, cardiovascular, and neurological disorders, automated radiochemical synthesizers, tracking software, and supplies molecular tracers to clients. In November 2020, SOFIE completed a $27.4 million Series C financing round led by $25 million from Jubilant Radiopharma (part of Jubilant Pharma), with three undisclosed syndicate investors, at a $100 million valuation, granting Jubilant approximately 25-25.8% stake. The investment supported expansion of PET manufacturing capacity in the US, product pipeline progress, and strategic partnership for radiopharmaceutical development, manufacturing, and distribution, positioning SOFIE as the first US theranostic production center for FAPI. The round built on prior funding: $5 million equity in 2013, $3.7 million in 2016, and $950,000 debt in July 2019. By 2024, SOFIE entered a merger agreement with Trilantic Capital Partners North America funds, prompting Jubilant Pharma to sell its full 25.8% stake for $139.43 million total proceeds ($113.63 million at closing plus $25.8 million milestone-contingent), reflecting significant value appreciation from the $25 million 2020 investment. Jubilant planned to use proceeds for debt reduction, capex, and corporate purposes, with a $7 million termination fee if the merger failed. SOFIE's traction included share of profit for Jubilant of Rs. 13.3 crores (0.2% of Jubilant's consolidated income) for the year ended March 31, 2023, indicating operational progress in nuclear medicine. The partnership leveraged Jubilant Radiopharma's expertise, quality standards, and distribution network of 46 US radio-pharmacies alongside complementary SPECT and PET portfolios to advance theranostic solutions. |
| Jun 2016 | Seed | - | $4M | - | - |
| Oct 2013 | Series A | Tata Industries Limited (lead); MRM Capital; Cycad Group | $5M | - | - |
Who has invested in SOFIE?
4 investors have backed SOFIE across its funding rounds, including Cycad Group, Jubilant Biosys, Tata Industries Limited and MRM Capital.
Lead investors include Jubilant Biosys and Tata Industries Limited.
SOFIE Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Oct 2013 | ||
This data is available for Pro users. Sign up to see all 4 SOFIE investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by SOFIE
SOFIE has acquired 1 company to date.
Last acquisition by SOFIE was on May 11th 2017. SOFIE acquired Zevacor for undisclosed valuation.
Latest Acquisitions by SOFIE
| Description | Zevacor is a radiopharmaceutical producer under Illinois Health and Science, manufacturing PET and SPECT isotopes for nuclear medicine imaging. Noblesville-headquartered in Indiana, Zevacor Molecular operates a 70 MeV cyclotron for clinical and research isotopes like FDG and NaF. Zevacor Pharma offers custom radiolabeling for biotech firms nationwide. The facilities support over 200 hospitals with daily distributions across the Midwest and East Coast. |
| HQ Country | |
| HQ City | Indianapolis, IN |
| Deal Date | 11 May 2017 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all SOFIE acquisitions and their M&A valuation multiples. Start Free Trial | |
SOFIE Competitors
SOFIE competitors include listed companies like 4DMedical, Alphatec Holdings, VCANBIO and Weigao Group, and private ones like SiBionics and Embark.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5M | ($140M) | $950M | 93.0x | ||
| Publicly listed | $764M | ($15M) | $1.1B | 2.0x | ||
| Publicly listed | $218M | $44M | $1.2B | 4.1x | ||
| Private | - | - | $717M | - | ||
| Publicly listed | $229M | $57M | $1.2B | 4.5x | ||
| Private | - | - | $700M | - |
SOFIE Public Comps
SOFIE is no longer listed, but its public comps include 4DMedical, Kuros Biosciences, LifeTech Scientific, Shanghai Haohai, Mani Inc., Artivion, AdaptHealth, CeriBell, Obsidian Therapeutics and MedCap.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5M | ($140M) | 158.8x | 93.0x | (5.5x) | (16.5x) | |||
| $146M | $9M | 6.5x | 4.9x | 109.9x | 38.8x | |||
| $206M | $37M | 3.6x | - | 20.1x | - | |||
| $367M | $59M | 1.8x | 1.9x | 10.9x | 10.4x | |||
| $189M | $59M | 3.9x | 3.5x | 12.5x | 9.3x | |||
| $441M | $63M | 3.0x | 2.8x | 21.3x | 14.2x | |||
| $3.2B | $473M | 0.9x | 1.0x | 6.3x | 5.6x | |||
| $89M | ($50M) | 10.5x | 8.4x | (18.7x) | (17.1x) | |||
This data is available for Pro users. Sign up to see all SOFIE competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SOFIE
| When was SOFIE founded? | SOFIE was founded in 2008. |
| Where is SOFIE headquartered? | SOFIE is headquartered in Los Angeles, CA, United States. |
| Is SOFIE publicly listed? | No, SOFIE was acquired by GE HealthCare in October 2026. |
| Who acquired SOFIE? | SOFIE was acquired by GE HealthCare in October 2026. |
| How much was SOFIE acquired for? | SOFIE was acquired for $945M in October 2026. |
| What is SOFIE's valuation? | SOFIE was last valued at $100M in its Series C in November 2020. |
| How much funding has SOFIE raised? | SOFIE has raised $36M across 3 funding rounds. |
| What was SOFIE's last funding round? | SOFIE's last funding round was a $27M Series C in November 2020, led by Jubilant Biosys. |
| Who are SOFIE's investors? | SOFIE's investors include MRM Capital, Cycad Group, Jubilant Biosys and Tata Industries Limited. |
| Which companies are comparable to SOFIE? | Companies comparable to SOFIE include 4DMedical, Alphatec Holdings, VCANBIO, SiBionics, Weigao Group and Embark. |
| How many companies has SOFIE acquired? | SOFIE has acquired 1 company, including Zevacor. |
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