AskBio - About the company
AskBio is an acquired company based in Durham (United States), founded in 2001 by and . It operates as a Provider of gene and protein therapies to treat various diseases. AskBio has raised $235M in funding from TPG and Vida Ventures. The company has 717 active competitors, including 266 funded and 157 that have exited. Its top competitors include companies like Jazz Pharmaceuticals, Recursion and Spark Therapeutics.
Company Details
Provider of gene and protein therapies to treat various diseases. The company is engaged in the development and delivery of novel protein and cellular-based therapies through the design of proprietary recombinant Adeno associated virus (AAV) Biological Nano Particles (BNP). The gene delivery technology platform provides unsurpassed transduction efficiency, "ramp-up" expression capabilities, with tissue targeting and de-targeting properties. Its product pipeline includes drugs to treat muscular dystrophy, hemophilia B (Phase 1), congestive heart failure, epilepsy, retinitis pigmentosa, and osteoporosis.
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Key Metrics
Founded Year
2001
Location
Durham, United States
Stage
Acquired
Total Funding
in 5 rounds
Latest Funding Round
Investors
Ranked
10th among 717 active competitors
Similar Companies
Exit Details
Acquired by Bayer (Oct 26, 2020)
Legal entities associated with AskBio
AskBio is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
$1M - $5M (as on May 15, 2018) | 377 | 434 |
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AskBio's acquisition details
AskBio got acquired by Bayer on Oct 26, 2020 at an acquisition amount of $2B. It was facilitated by J P Morgan, Ropes & Gray and Credit Suisse.
Click to take a look at AskBio's acquisition in detail
AskBio's funding and investors
AskBio has raised a total funding of $235M over 5 rounds. Its first funding round was on Sep 30, 2008. Its latest funding round was a Grant (prize money) round on Sep 02, 2020 for $2.68M. 1 investor participated in its latest round, which include TPG, Golden Valley Capital, HHS and .
AskBio has 6 institutional investors including TPG, Vida Ventures and .
Here is the list of recent funding rounds of AskBio:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Sep 02, 2020 | $2.68M | Grant (prize money) | 1878256 | 3436376 | |
Apr 11, 2019 | $235M | PE | 2602321 | 9998274 | |
Aug 15, 2014 | $270K | Grant (prize money) | 7542685 | 9601656 |
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AskBio's founders and board of directors
The founders of AskBio are and . is the CEO of AskBio.
View details of AskBio's Founder profiles and Board Members
AskBio's Competitors and alternates
Top competitors of AskBio include Jazz Pharmaceuticals, Recursion and Spark Therapeutics. Here is the list of Top 10 competitors of AskBio, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | Jazz Pharmaceuticals 2003, Dublin (Ireland), Public | Developer of therapeutics for cancer and neurological disorders | $265M | InterWest Partners, Investor Growth CapitalÌý&²¹³¾±è;Ìý | 85/100 |
2nd | Recursion 2013, United States, Public | R&D based company focused on manufacturing of drugs for multiple therapeutic areas | $452M | HTIF, Menlo VenturesÌý&²¹³¾±è;Ìý | 81/100 |
3rd | Spark Therapeutics 2013, Philadelphia (United States), Acquired | Developer of gene therapy for rare diseases | $82.8M | Sofinnova Investments, DeerfieldÌý&²¹³¾±è;Ìý | 80/100 |
4th | Amyris 2003, Emeryville (United States), Public | Developer of renewable products for industrial solutions | $487M | Hercules Capital, TPGÌý&²¹³¾±è;Ìý | 79/100 |
5th |  Biogen 1978, Cambridge (United States), Public | Developer of therapies for neurodegenerative and immunology disorders | $80M | Tekla Capital Management, Ridgeback Capital ManagementÌý&²¹³¾±è;Ìý | 78/100 |
6th | Neurocrine 1992, San Diego (United States), Public | Developer of small molecule therapeutics for endocrine and CNS disorders | $10M | Venrock, HBM Healthcare InvestmentsÌý&²¹³¾±è;Ìý | 74/100 |
7th | PTC Therapeutics 1998, South Plainfield (United States), Public | Developer of small molecule drugs for the treatment of rare diseases | $248M | Credit Suisse, Athyrium Capital ManagementÌý&²¹³¾±è;Ìý | 74/100 |
8th | Syngenta 2000, Basel (Switzerland), Acquired | Provider of crop inputs for farming | - | 74/100 | |
9th | Biohaven Pharmaceutical 2014, New Haven (United States), Acquired | Developer of therapies targeting neurological and neuropsychiatric diseases | $84.1M | Aisling Capital, VenrockÌý&²¹³¾±è;Ìý | 73/100 |
10th |  2001, Durham (United States), Acquired | Provider of gene and protein therapies to treat various diseases | $235M | TPG, Golden Valley CapitalÌý&²¹³¾±è;Ìý | 65/100 |
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AskBio's Investments and acquisitions
AskBio has made no investments or acquisitions yet.
Reports related to AskBio
Here is the latest report on AskBio's sector:
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News related to AskBio
Media has covered AskBio for a total of 10 events in the last 1 year, 4 of them have been about company updates and 2 about partnerships.
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Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about AskBio
When was AskBio founded?
AskBio was founded in 2001.Where is AskBio located?
AskBio is located in Durham, United States.Is AskBio an acquired company?
AskBio got acquired by Bayer on Oct 26, 2020.When was the latest funding round of AskBio?
AskBio's latest funding round was on Sep 02, 2020.What is the annual revenue of AskBio?
Annual revenue of AskBio is undefined as on undefined.Our Lite Plan Awaits you - Its Free!
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