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- XinThera
XinThera Acquisition, Valuation, Funding & Investors
XinThera was acquired by Gilead Sciences for $960M in May 2023.
Cumulative funding XinThera raised
$50M
across 1 funding round
Key investors in XinThera
OrbiMed
Foresite Capital
TTM Capital
About XinThera
XinThera is a biotechnology company discovering small molecule drugs for oncology and immunology indications. Headquartered in Wilmington, Delaware, with labs in San Diego and Shanghai, it advances a pipeline of oral inhibitors targeting immune checkpoints and tumor microenvironments. Founded in 2022, the firm collaborates with global pharma partners through xinthera.com.
Founded
2021
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Valuation
$960M (acquired May 2023)
Sectors
XinThera Acquisition
XinThera was acquired by Gilead Sciences for $960M on 9 May 2023.
Before the acquisition XinThera had raised $50M across 1 funding round.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 9 May 2023 | Strategic M&A | $960M |
XinThera Funding History
XinThera has raised a total of $50M across 1 funding round.
XinThera funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2021 | Series B | Foresite Capital (lead); OrbiMed (lead); TTM Capital | $50M | XinThera Pharmaceuticals, a San Diego-based biotechnology company founded in 2021 by Stephen Kaldor, Qing Dong, and Gene Hung, focused on developing best-in-class small molecule drugs for cancer and immunologic diseases, including PARP1 inhibitors for oncology and MK2 inhibitors for inflammatory diseases like ovarian cancer and rheumatoid arthritis. TTM Capital led the initial Series A round in April 2021 and added to its investment in July 2021, with total investment nearing 10 million USD, supported by Foresite Capital and later OrbiMed Advisors, which joined in a $50M Series B financing on August 4, 2021, bringing cumulative funding to $80M. The company was acquired by Gilead Sciences on May 9, 2023, for approximately $960 million upfront ($200 million cash net of cash acquired plus up to $760 million in milestones), granting Gilead rights to XinThera's pipeline expected to enter clinical trials that year, enhancing Gilead's oncology and inflammation portfolios with assets targeting markets over $10 billion. |
Who has invested in XinThera?
3 investors have backed XinThera across its funding rounds, including OrbiMed, Foresite Capital and TTM Capital.
Lead investors include Foresite Capital and OrbiMed.
XinThera Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Aug 2021 | ||
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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 TrialXinThera Competitors
XinThera competitors include listed companies like Solid Biosciences, Chengdu Kanghua, Kaken Pharmaceutical and Pacira BioSciences, and private ones like InduPro and Bionyra.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($183M) | $951M | - | ||
| Private | - | - | $950M | - | ||
| Publicly listed | $174M | $50M | $974M | 4.4x | ||
| Publicly listed | $494M | $35M | $975M | 1.3x | ||
| Publicly listed | $726M | $100M | $977M | 1.5x | ||
| Private | - | - | $985M | - |
XinThera Public Comps
XinThera is no longer listed, but its public comps include Solid Biosciences, Chengdu Kanghua, Kaken Pharmaceutical, Pacira BioSciences, Changchun BCHT, Zhejiang Ausun, SpyGlass Pharma, Adlai Nortye, Mega Lifesciences and Daewoong Pharmaceutical.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($183M) | - | - | (3.2x) | (2.7x) | |||
| $174M | $50M | 4.7x | 4.4x | 16.6x | 16.3x | |||
| $494M | $35M | 1.4x | 1.3x | 19.4x | 15.4x | |||
| $726M | $100M | 1.6x | 1.5x | 11.4x | 6.2x | |||
| $90M | ($30M) | 10.7x | 10.9x | (32.5x) | (36.5x) | |||
| $118M | $29M | 7.1x | 6.5x | 28.9x | 15.3x | |||
| - | ($42M) | - | - | (17.7x) | (11.4x) | |||
| $5M | ($33M) | 155.6x | 54.3x | (23.8x) | (23.9x) | |||
This data is available for Pro users. Sign up to see all XinThera competitors and their valuation data. Start Free Trial | ||||||||
Common questions about XinThera
| When was XinThera founded? | XinThera was founded in 2021. |
| Where is XinThera headquartered? | XinThera is headquartered in San Diego, CA, United States. |
| Is XinThera publicly listed? | No, XinThera was acquired by Gilead Sciences in May 2023. |
| Who acquired XinThera? | XinThera was acquired by Gilead Sciences in May 2023. |
| How much was XinThera acquired for? | XinThera was acquired for $960M in May 2023. |
| How much funding has XinThera raised? | XinThera has raised $50M across 1 funding round. |
| What was XinThera's last funding round? | XinThera's last funding round was a $50M Series B in August 2021, led by Foresite Capital and OrbiMed. |
| Who are XinThera's investors? | XinThera's investors include Foresite Capital, TTM Capital and OrbiMed. |
| Which companies are comparable to XinThera? | Companies comparable to XinThera include Solid Biosciences, InduPro, Chengdu Kanghua, Kaken Pharmaceutical, Pacira BioSciences and Bionyra. |
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