Company profile: Convergence Pharmaceuticals
1.1 - Company Overview
Company description
- Provider of novel analgesics for the treatment of chronic pain. An independent biotechnology company focused on developing therapies with potentially commercially attractive efficacy, responder-rate, and side effect profiles. Formed in October 2010 following the acquisition of certain neuroscience clinical assets from GlaxoSmithKline (GSK).
Products and services
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Key contacts
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Financial details
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1.2 - Competitors and similar companies to Convergence Pharmaceuticals
CanniMed
HQ: Canada
Website
- Description: Provider of standardized, pharmaceutical-grade medical cannabis in Canada, operating as a plant biopharmaceutical company under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR).
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Addex Therapeutics
HQ: Switzerland
Website
- Description: Provider of clinical-stage, orally available small-molecule allosteric modulators. Pipeline includes ADX71149, an mGlu2 positive allosteric modulator in Phase 2 for epilepsy; dipraglurant, an mGlu5 negative allosteric modulator for post-stroke/TBI sensorimotor recovery; and GABAB PAM programs for substance use disorder (licensed to Indivior) and chronic cough.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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- Acquisitions: ●●
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Hypnion
HQ: United States
Website
- Description: Provider of neuroscience drug discovery and development services focused on novel therapeutics for central nervous system disorders, including sleep and wake-alertness disorders and circadian rhythm abnormalities; offers SCORE-2004, a drug discovery platform.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Athira Pharma
HQ: United States
Website
- Description: Provider of clinical-stage biotechnology and pharmaceutical drug development focused on neurodegenerative diseases. Develops small-molecule therapies including fosgonimeton, which enhances hepatocyte growth factor/MET activity for conditions like Alzheimer’s and Parkinson’s, and ATH-1105, a positive modulator of the neurotrophic HGF system for ALS. Conducts clinical trials to assess safety and efficacy.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Anavex Life Sciences
HQ: United States
Website
- Description: Provider of biopharmaceutical drug candidates for cancer and neurological diseases, including ANAVEX 2-73 (blarcamesine), an orally available small-molecule activator of the sigma-1 receptor (SIGMAR1) for Alzheimer's, Parkinson's, and Rett syndrome; ANAVEX 3-71 targeting sigma-1 and M1 muscarinic receptors for schizophrenia, Alzheimer's, and frontotemporal dementia; and the SIGMACEPTOR Discovery Platform for CNS disorders.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Convergence Pharmaceuticals
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Convergence Pharmaceuticals
2.2 - Growth funds investing in similar companies to Convergence Pharmaceuticals
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4 - Top valuation comps for Convergence Pharmaceuticals
4.2 - Public trading comparable groups for Convergence Pharmaceuticals
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