Companies · Biotechnology

Altor Bioscience Corp

MIRAMAR · Biotechnology

Diligence memoA one-page analyst read on Altor Bioscience Corp — recommendation, valuation, rhythm, risks.
$80.1M
Total raised · real
8
Rounds
1.5×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Wed Mar 08 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Altor Bioscience Corp looks over-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 biotech sector profile.

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

Over-valued
  • Modeled value is 1.52× the median modeled value of Series B Biotechnology companies in 2016–2018 (101 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.3 yr ago; this sector typically re-raises about every 14 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 Biotechnology

Altor Bioscience Corp is one of 4291 Biotechnology companies tracked from MIRAMAR. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and among the largest by modeled valuation est..

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

biotech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
7
Investors (latest)
2017-03-08
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$500M$1.0B$1.5B$2.0BSeed · 2009-10-05 Raised $1.2M (real) Modeled valuation $53M (est)Seed2009Pre-Seed · 2010-01-13 Raised $322K (real) Modeled valuation $18M (est)Pre-Seed2010Seed · 2010-01-13 Raised $647K (real) Modeled valuation $29M (est)Seed2010Seed · 2010-06-03 Raised $250K (real) Modeled valuation $11M (est)Seed2010Seed · 2010-07-26 Raised $1.4M (real) Modeled valuation $61M (est)Seed2010Series A · 2011-01-18 Raised $6.2M (real) Modeled valuation $224M (est)Series A2011Series A · 2011-01-18 Raised $11M (real) Modeled valuation $409M (est)Series A2011Series A · 2013-02-28 Raised $5.5M (real) Modeled valuation $199M (est)Series A2013Series A · 2014-10-20 Raised $11M (real) Modeled valuation $387M (est)Series A2014Series B · 2016-07-06 Raised $20M (real) Modeled valuation $794M (est)Series B2016Series B · 2017-03-08 Raised $30M (real) Modeled valuation $1.2B (est)Series B2017Cumulative $88M

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
Seed$1.2M · 2009
Bridge · Seed-stage$322K · 2010smaller follow-on
Seed extension$647K · 2010
Seed extension$250K · 2010
Seed extension$1.4M · 2010
Series A$6.2M · 2011
Series A extension$11.3M · 2011
Series A extension$5.5M · 2013
Series A extension$10.7M · 2014
Series B$20.0M · 2016
Series B extension$30.3M · 2017

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$1.2B
Base estimate est.
$60.7M
Conservative case
$4.6B
Upside case
$168.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Seed · modeled $52.8M · 2009-10-052009Pre-Seed · modeled $17.8M · 2010-01-13Seed · modeled $28.7M · 2010-01-13Seed · modeled $11.1M · 2010-06-03Seed · modeled $61.1M · 2010-07-26Series A · modeled $223.5M · 2011-01-18Series A · modeled $408.5M · 2011-01-18Series A · modeled $198.8M · 2013-02-28Series A · modeled $387.4M · 2014-10-20Series B · modeled $793.8M · 2016-07-06Series B · modeled $1.2B · 2017-03-082017
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
36% low · 66% high
1.54×/yr
Annual markup
1.86×/yr upside case
6.0 yr
Elapsed time used
9.3 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$10.8M/yr
Capital velocity
16.7 yr
On record since
2009
First round
11
Rounds on file
How it compares to the market

Benchmarked against 4291 companies in Biotechnology. 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) 11× above median
This company$80.1M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.7× above median
This company$30.3M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 19× above median
This company$1.2B
Sector median$64.2M

Raised more than 88% of sector peers (real $). Modeled value above 91% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #12 of 101.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Liquid BioScience, Inc. · Series B Raised $40.0M · modeled $1.6B (est)Amphivena Therapeutics, Inc. · Series B Raised $65.2M · modeled $1.5B (est)Tracon Pharmaceuticals, Inc. · Series B Raised $57.7M · modeled $1.5B (est)Tetra Discovery Partners, Inc. · Series B Raised $40.5M · modeled $1.4B (est)ECM Therapeutics, Inc. · Series B Raised $35.2M · modeled $1.4B (est)Recombinetics, Inc · Series B Raised $54.7M · modeled $1.3B (est)Mersana Therapeutics Inc · Series B Raised $93.7M · modeled $1.3B (est)Atox Bio Inc. · Series B Raised $35.1M · modeled $1.3B (est)Valeritas Holdings Inc. · Series B Raised $58.2M · modeled $1.3B (est)Obsidian Therapeutics, Inc. · Series B Raised $32.4M · modeled $1.3B (est)Cellular Biomedicine Group, Inc. · Series B Raised $40.5M · modeled $1.2B (est)Altor Bioscience Corp (this company) Raised $80.1M · modeled $1.2B (est)Altor Bioscience Corp
CompanyStageRaised · realValue · estvs peer med.
Liquid BioScience, Inc.Series B$40.0M$1.6B2.00×
Amphivena Therapeutics, Inc.Series B$65.2M$1.5B1.93×
Tracon Pharmaceuticals, Inc.Series B$57.7M$1.5B1.93×
Tetra Discovery Partners, Inc.Series B$40.5M$1.4B1.79×
ECM Therapeutics, Inc.Series B$35.2M$1.4B1.76×
Recombinetics, IncSeries B$54.7M$1.3B1.68×
Mersana Therapeutics IncSeries B$93.7M$1.3B1.65×
Atox Bio Inc.Series B$35.1M$1.3B1.65×
Valeritas Holdings Inc.Series B$58.2M$1.3B1.65×
Obsidian Therapeutics, Inc.Series B$32.4M$1.3B1.62×
Cellular Biomedicine Group, Inc.Series B$40.5M$1.2B1.53×
Altor Bioscience Corp this companySeries B$80.1M$1.2B1.52×
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.
Seed$1.2M2009-10-05$5.9M$52.8M85%
Pre-Seed$322K2010-01-13$1.8M$17.8M85%
Seed$647K2010-01-13$3.2M$28.7M85%
Seed$250K2010-06-03$1.3M$11.1M85%
Seed$1.4M2010-07-26$6.9M$61.1M85%
Series A$6.2M2011-01-18$28.1M$223.5M85%
Series A$11.3M2011-01-18$51.4M$408.5M85%
Series A$5.5M2013-02-28$25.0M$198.8M85%
Series A$10.7M2014-10-20$48.7M$387.4M85%
Series B$20.0M2016-07-06$111.1M$793.8M85%
Series B$30.3M2017-03-08$168.5M$1.2B90%
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. Seed$1.2M2009-10-05
    • First recorded raise — entered as Seed.
    • 10 investors on this round.
  2. Pre-Seed$322K2010-01-13
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  3. Seed$647K2010-01-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 7 investors on this round.
  4. Seed$250K2010-06-03
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Seed$1.4M2010-07-26
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 5.5× larger than the prior — scaling up.
    • 5 investors on this round.
  6. Series A$6.2M2011-01-18
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
    • 27 investors on this round.
  7. Series A$11.3M2011-01-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× larger than the prior — scaling up.
    • 29 investors on this round.
  8. Series A$5.5M2013-02-28
    • Raised again after 25 mo — slower than the ~14 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 21 investors on this round.
  9. Series A$10.7M2014-10-20
    • Raised 20 mo later, in step with the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  10. Series B$20.0M2016-07-06
    • Raised 21 mo later, in step with the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 1 investor on this round.
  11. Series B$30.3M2017-03-08
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 7 investors on this round.
Intelligence
2017 ~Q4
Modeled next raise · ~9mo cadence
$46.0M
Modeled next size est.range $30.3M$73.6M
1.5×
Last step-up
$10.8M/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
Patrick Soon-Shiong15 other2016-07
Fred Middleton1 other2016-07
Hing C. Wong1 other2009-10
Peter C. Rhode1 other2009-10
Rick S. Greene1 other2016-07
Adam Boyden Waldman2013-02
Adam Boyder Waldman2014-10
Adam Boydon Waldman2009-10
Adam C. Waldman, J.D.2010-01
Bee-Yau Boydon Huang2010-01
Bee-Yau C. Huang2010-01
C. Boyden Gray2010-01
C. Boyder Gray2014-10
C. Boydon Gray2009-10
Fred C. Middleton2009-10
Peter S. Rhode2016-07
Registry & provenance

Altor Bioscience Corp 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
1320603
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.

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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
Alto Neuroscience, Inc.BiotechnologySeries C$270.8M86%
Allied BioScience, Inc.BiotechnologySeries A$74.0M83%
Vista Biomedical, Inc.BiotechnologyPre-Seed$3.0M83%
ARMR Sciences Inc.BiotechnologySeries B$129.9M82%
BioNADrx Holdings, Inc.BiotechnologyPre-Seed$747K82%
Edwards Lifesciences CorpBiotechnologySeries D+$1.4B82%
Amarillo Biosciences IncBiotechnologySeries B$565.6M82%
32 Biosciences, Inc.BiotechnologyPre-Seed$791K82%
Frequently asked
How much funding has Altor Bioscience Corp raised?
Altor Bioscience Corp has raised approximately $80.1M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Altor Bioscience Corp's estimated valuation?
Provath's modeled valuation for Altor Bioscience Corp is approximately $1.2B (modeled range $60.7M–$4.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Altor Bioscience Corp at?
Altor Bioscience Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Mar 08.
What does Altor Bioscience Corp do and where is it based?
Altor Bioscience Corp operates in the Biotechnology sector, based in MIRAMAR.
Explore related

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