Companies · Pharmaceuticals

Adastra Pharmaceuticals, Inc.

SAN DIEGO · Pharmaceuticals

Diligence memoA one-page analyst read on Adastra Pharmaceuticals, Inc. — recommendation, valuation, rhythm, risks.
$28.8M
Total raised · real
6
Rounds
0.7×
Latest step-up
Top 29%
Sector rank · raised
Series A
Latest stage · inferred · Fri Apr 12 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Adastra Pharmaceuticals, Inc. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.46× the median modeled value of Series A Pharmaceuticals companies in 2019–2021 (76 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.2 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Pharmaceuticals

Adastra Pharmaceuticals, Inc. is one of 1613 Pharmaceuticals companies tracked from SAN DIEGO. By capital raised it ranks in the upper tier (ahead of 72% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2019-04-12
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries A · 2010-01-28 Raised $5.0M (real) Modeled valuation $155M (est)$5.0M$155MSeries A2010Series A · 2012-07-26 Raised $4.0M (real) Modeled valuation $124M (est)$4.0M$124MSeries A2012Series A · 2015-07-15 Raised $1.2M (real) Modeled valuation $37M (est)$1.2M$37MSeries A2015Series A · 2015-08-28 Raised $13M (real) Modeled valuation $404M (est)$13M$404MSeries A2015Series A · 2016-11-09 Raised $3.3M (real) Modeled valuation $101M (est)$3.3M$101MSeries A2016Series A · 2019-04-12 Raised $2.3M (real) Modeled valuation $70M (est)$2.3M$70MSeries A2019+$4.0M+$1.2M+$13M+$3.3M+$2.3MCumulative $29M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$5.0M · 2010
Series A extension$4.0M · 2012
Series A extension$1.2M · 2015
Series A extension$13.1M · 2015
Series A extension$3.3M · 2016
Series A extension$2.3M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$69.7M
Base estimate est.
$2.6M
Conservative case
$379.0M
Upside case
$10.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series A · modeled $154.9M · 2010-01-282010Series A · modeled $123.9M · 2012-07-26Series A · modeled $37.2M · 2015-07-15Series A · modeled $404.5M · 2015-08-28Series A · modeled $101.0M · 2016-11-09Series A · modeled $69.7M · 2019-04-122019
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
6.0 yr
Elapsed time used
7.2 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$3.1M/yr
Capital velocity
16.4 yr
On record since
2010
First round
6
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 3.6× above median
This company$28.8M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.3M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$69.7M
Sector median$76.1M

Raised more than 72% of sector peers (real $). Modeled value above 49% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #63 of 76.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Xynomic Pharmaceuticals Holdings, Inc. · Series A Raised $15.0M · modeled $464.6M (est)Honest Globe Inc. · Series A Raised $15.0M · modeled $464.6M (est)Athenen Therapeutics, Inc. · Series A Raised $12.0M · modeled $371.7M (est)Zomedica Pharmaceuticals Corp. · Series A Raised $25.6M · modeled $371.7M (est)CerSci Therapeutics Inc. · Series A Raised $12.0M · modeled $371.7M (est)Rational Vaccines, Inc. · Series A Raised $27.8M · modeled $363.5M (est)Primmune Therapeutics, Inc. · Series A Raised $20.1M · modeled $350.3M (est)Aytu Bioscience, Inc · Series A Raised $28.8M · modeled $309.7M (est)Solaris Pharma Corp · Series A Raised $23.4M · modeled $309.7M (est)Ally Therapeutics, Inc. · Series A Raised $10.0M · modeled $309.7M (est)Avitide, Inc. · Series A Raised $40.9M · modeled $309.7M (est)PharmAbbie, Inc. · Series A Raised $15.0M · modeled $282.0M (est)Adastra Pharmaceuticals, Inc. (this company) Raised $28.8M · modeled $69.7M (est)Adastra Pharmaceuticals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Xynomic Pharmaceuticals Holdings, Inc.Series A$15.0M$464.6M3.05×
Honest Globe Inc.Series A$15.0M$464.6M3.05×
Athenen Therapeutics, Inc.Series A$12.0M$371.7M2.44×
Zomedica Pharmaceuticals Corp.Series A$25.6M$371.7M2.44×
CerSci Therapeutics Inc.Series A$12.0M$371.7M2.44×
Rational Vaccines, Inc.Series A$27.8M$363.5M2.38×
Primmune Therapeutics, Inc.Series A$20.1M$350.3M2.30×
Aytu Bioscience, IncSeries A$28.8M$309.7M2.03×
Solaris Pharma CorpSeries A$23.4M$309.7M2.03×
Ally Therapeutics, Inc.Series A$10.0M$309.7M2.03×
Avitide, Inc.Series A$40.9M$309.7M2.03×
PharmAbbie, Inc.Series A$15.0M$282.0M1.85×
Adastra Pharmaceuticals, Inc. this companySeries A$28.8M$69.7M0.46×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$5.0M2010-01-28$22.7M$154.9M85%
Series A$4.0M2012-07-26$18.2M$123.9M85%
Series A$1.2M2015-07-15$5.5M$37.2M85%
Series A$13.1M2015-08-28$59.4M$404.5M85%
Series A$3.3M2016-11-09$14.8M$101.0M90%
Series A$2.3M2019-04-12$10.2M$69.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$5.0M2010-01-28
    • First recorded raise — entered as Series A.
    • 7 investors on this round.
  2. Series A$4.0M2012-07-26
    • Raised again after 30 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  3. Series A$1.2M2015-07-15
    • Raised again after 36 mo — slower than the ~13 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 5 investors on this round.
  4. Series A$13.1M2015-08-28
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 10.9× larger than the prior — scaling up.
    • 7 investors on this round.
  5. Series A$3.3M2016-11-09
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  6. Series A$2.3M2019-04-12
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2021 ~Q1
Modeled next raise · ~22mo cadence
$2.3M
Modeled next size est.range $2.3M$3.6M
0.7×
Last step-up
$3.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Ralph E. Christoffersen5 other2012-07
Grigory Borisenko2 other2019-04
Lynne R. Rollins2 other2019-04
Thomas M. Estok2 other2010-01
Alain B. Schreiber, M.D.1 other2010-01
Alain P. Schreiber1 other2012-07
Kim P. Kamdar1 other2012-07
Mauro Bove1 other2019-04
Alain R. Schreiber2019-04
Chris E. Christoffersen2019-04
Chris M. LeMasters2012-07
Dennis E. Bilski2015-08
Dennis M. Podlesak2019-04
Eckard B. Weber, M.D.2010-01
Eckard P. Weber2012-07
Eckard R. Weber2019-04
Evgeny E. Zaytsev, M.D.2015-07
Kim P. Kamdar, Ph.D.2010-01
Mauro E. Bove2015-08
Ralph E. Christoffersen, Ph.D.2010-01
Scott M. Megaffin2019-04
Tracy M. Lawhon2019-04
Tracy M. Parrott2012-07
Registry & provenance

Adastra Pharmaceuticals, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1386218
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Regenerx Biopharmaceuticals IncPharmaceuticalsSeries A$19.8M$40.3Mnetwork1 shared operator · same sector · same stage
Globeimmune IncPharmaceuticalsSeries B$28.0M$71.4Mnetwork1 shared operator · same sector
Cage Bio, Inc.PharmaceuticalsSeries A$28.8M$62.2Msame sector · same stage
Cocrystal Pharma, Inc.PharmaceuticalsSeries A$28.9M$92.9Msame sector · same stage
InMed Pharmaceuticals Inc.PharmaceuticalsSeries A$28.9M$63.7Msame sector · same stage
T3D Therapeutics, Inc.PharmaceuticalsSeries A$30.0M$70.9Msame sector · same stage
Akava Therapeutics Inc.PharmaceuticalsSeries A$30.1M$37.1Msame sector · same stage
Infacare Pharmaceutical CorpPharmaceuticalsSeries A$26.7M$108.4Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
ADARx Pharmaceuticals, Inc.PharmaceuticalsSeries D+$2.8B87%
Coeptis Pharmaceuticals, Inc.PharmaceuticalsSeries B$16.4M81%
EyePoint Pharmaceuticals, Inc.PharmaceuticalsSeries B$438.3M81%
Lexicon Pharmaceuticals, Inc.PharmaceuticalsSeries D+$374.2M81%
Coeptis Therapeutics Holdings, Inc.PharmaceuticalsSeries A$12.8M80%
Adastra Holdings Ltd.OtherPre-Seed$1.6M80%
Cutispharma Holdings, Inc.PharmaceuticalsSeries C$2.5B79%
Retension Pharmaceuticals, Inc.PharmaceuticalsSeries A$44.1M79%
Frequently asked
How much funding has Adastra Pharmaceuticals, Inc. raised?
Adastra Pharmaceuticals, Inc. has raised approximately $28.8M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Adastra Pharmaceuticals, Inc.'s estimated valuation?
Provath's modeled valuation for Adastra Pharmaceuticals, Inc. is approximately $69.7M (modeled range $2.6M–$379.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Adastra Pharmaceuticals, Inc. at?
Adastra Pharmaceuticals, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Apr 12.
What does Adastra Pharmaceuticals, Inc. do and where is it based?
Adastra Pharmaceuticals, Inc. operates in the Pharmaceuticals sector, based in SAN DIEGO.
Explore related

See where Adastra Pharmaceuticals, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Adastra Pharmaceuticals, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.