XinThera Acquisition, Valuation, Funding & Investors

XinThera was acquired by Gilead Sciences for $960M in May 2023.

XinThera acquisition price

$960M

Acquired by Gilead Sciences · May 2023

Cumulative funding XinThera raised

$50M

across 1 funding round

Key investors in XinThera

  • OrbiMed
  • Foresite Capital
  • TTM Capital

XinThera Overview

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

United StatesSan Diego, CA

Status

Acquired

Customer focus

B2C

Revenue model

Product sales

Valuation

$960M (acquired May 2023)

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.

XinThera acquisition details
AcquirerDateTypePrice
9 May 2023Strategic M&A$960M

XinThera Funding History

XinThera has raised a total of $50M across 1 funding round.

XinThera funding rounds

XinThera funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2021Series BForesite Capital (lead); OrbiMed (lead); TTM Capital$50MXinThera 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

Investors in XinThera by funding rounds participated
InvestorHQRoundsRoleFirst check
Foresite CapitalUnited StatesSan Francisco, CA1LeadAug 2021

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XinThera Competitors

XinThera competitors include listed companies like Solid Biosciences, Chengdu Kanghua, Kaken Pharmaceutical and Pacira BioSciences, and private ones like InduPro and Bionyra.

Public and private companies comparable to XinThera
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Solid BiosciencesUnited StatesUnited StatesPublicly listed-($183M)$951M-
InduProUnited StatesSeattle, WAPrivate--$950M-
Chengdu KanghuaChinaChinaPublicly listed$174M$50M$974M4.4x
Kaken PharmaceuticalJapanJapanPublicly listed$494M$35M$975M1.3x
Pacira BioSciencesUnited StatesUnited StatesPublicly listed$726M$100M$977M1.5x
BionyraFranceParisPrivate--$985M-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Solid Biosciences-($183M)--(3.2x)(2.7x)
Chengdu Kanghua$174M$50M4.7x4.4x16.6x16.3x
Kaken Pharmaceutical$494M$35M1.4x1.3x19.4x15.4x
Pacira BioSciences$726M$100M1.6x1.5x11.4x6.2x
Changchun BCHT$90M($30M)10.7x10.9x(32.5x)(36.5x)
Zhejiang Ausun$118M$29M7.1x6.5x28.9x15.3x
SpyGlass Pharma-($42M)--(17.7x)(11.4x)
Adlai Nortye$5M($33M)155.6x54.3x(23.8x)(23.9x)

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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.

See companies similar to XinThera

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