Companies · Biotechnology
San Diego · Biotechnology
Diligence memoA one-page analyst read on Heron Therapeutics, Inc. /De/ — recommendation, valuation, rhythm, risks.→Heron Therapeutics, Inc. /De/ looks fair against its niche peers and is at-risk 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.
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.
Heron Therapeutics, Inc. /De/ is one of 4293 Biotechnology companies tracked from San Diego. By capital raised it ranks among the largest (ahead of 92% of sector peers), and in the upper tier 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.
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.
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.
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: 60%.
Round size and date are reported; the stage label is inferred from round size (latest is Series C — a $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.
Benchmarked against 4293 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.
Raised more than 92% of sector peers (real $). Modeled value above 80% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #73 of 111.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Dianthus Therapeutics, Inc. | Series C | $121.5M | $2.1B | 4.22× |
| Satellite Biosciences, Inc. | Series C | $101.5M | $1.8B | 3.63× |
| Deepcell, Inc. | Series C | $96.9M | $1.7B | 3.38× |
| Ventus Therapeutics U.S., Inc. | Series C | $186.8M | $1.6B | 3.14× |
| Morphic Holding, Inc. | Series C | $200.6M | $1.5B | 3.04× |
| Genleap Ai Inc. | Series C | $100.0M | $1.5B | 3.00× |
| Dren Bio, Inc. | Series C | $93.1M | $1.3B | 2.70× |
| Lenz Therapeutics, Inc. | Series C | $136.2M | $1.2B | 2.49× |
| eyeBrain Medical, Inc. | Series C | $126.3M | $1.2B | 2.45× |
| A2 Biotherapeutics, Inc. | Series C | $143.1M | $1.2B | 2.42× |
| Invetx, Inc. | Series C | $70.7M | $1.2B | 2.36× |
| Hexagon Bio Inc. | Series C | $148.6M | $1.2B | 2.36× |
| Heron Therapeutics, Inc. /De/ this company | Series C | $117.2M | $382.4M | 0.77× |
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series A | $8.1M | 2009-10-22 | $37.0M | $294.4M | 85% |
| Series A | $1.5M | 2011-05-02 | $6.8M | $54.2M | 85% |
| Series B | $24.0M | 2011-07-01 | $133.3M | $952.5M | 85% |
| Series C | $53.5M | 2012-07-30 | $357.0M | $2.2B | 85% |
| Series C | $30.0M | 2023-07-25 | $200.0M | $382.4M | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
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.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| CRAIG JOHNSON | — | 15 other | 2023-07 |
| Robert Zerbe | — | 4 other | 2009-10 |
| Paul Goddard | — | 3 other | 2009-10 |
| John Barr | — | 2 other | 2009-10 |
| Kevin Kotler | — | 2 other | 2023-07 |
| Kevin Tang | — | 2 other | 2009-10 |
| BARRY D. QUART | — | 1 other | 2012-07 |
| Christian Waage | — | 1 other | 2023-07 |
| Craig Collard | — | 1 other | 2023-07 |
| Gregory Turnbull | — | 1 other | 2009-10 |
| JOHN B. WHELAN | — | 1 other | 2011-05 |
| John Whelan | — | 1 other | 2009-10 |
| Adam Morgan | — | — | 2023-07 |
| GREGORY C. TURNBULL | — | — | 2011-05 |
| Ira Duarte | — | — | 2023-07 |
| JOHN A. BARR | — | — | 2011-05 |
| KEVIN C. TANG | — | — | 2011-05 |
| MICHAEL A. ADAM | — | — | 2011-05 |
| PAUL A. GODDARD | — | — | 2011-05 |
| ROBERT R. ROSEN | — | — | 2012-07 |
| Ronald Prentki | — | — | 2009-10 |
| Sharmila Dissanaike | — | — | 2023-07 |
| STEPHEN R. DAVIS | — | — | 2012-07 |
| Susan Rodriguez | — | — | 2023-07 |
Heron Therapeutics, Inc. /De/ is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Viracta Therapeutics, INC. | Biotechnology | Series C | $164.6M | $2.1B | network1 shared operator · same sector · same stage |
| Ikena Oncology, Inc. | Biotechnology | Series C | $117.6M | $449.1M | same sector · same stage |
| Interius BioTherapeutics, Inc. | Biotechnology | Series C | $118.1M | $478.9M | same sector · same stage |
| Glympse Bio, Inc. | Biotechnology | Series C | $114.0M | $325.1M | same sector · same stage |
| Synageva Biopharma Corp. | Biotechnology | Series C | $120.8M | $512.0M | same sector · same stage |
| CymaBay Therapeutics, Inc. | Biotechnology | Series B | $90.6M | $12.9M | network1 shared operator · same sector |
| Juvenescence Ltd | Biotechnology | Series C | $121.9M | $324.6M | same sector · same stage |
| NextPoint Therapeutics, Inc. | Biotechnology | Series C | $122.5M | $444.1M | same sector · same stage |
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.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Arda Therapeutics, Inc. | Biotechnology | Series C | $356.5M | 83% |
| Rainier Therapeutics, Inc. | Biotechnology | Series C | $409.6M | 82% |
| Avstera Therapeutics Inc. | Biotechnology | Series A | $38.3M | 82% |
| Acer Therapeutics Inc. | Biotechnology | Series B | $21.2M | 82% |
| Allyx Therapeutics, Inc. | Biotechnology | Series A | $7.9M | 81% |
| Guardian Therapeutics, LLC | Biotechnology | Series B | $793.8M | 81% |
| Mistral Therapeutics, Inc. | Biotechnology | Series B | $1.0B | 81% |
| Aviceda Therapeutics, Inc. | Biotechnology | Series D+ | $707.0M | 81% |
See where Heron Therapeutics, Inc. /De/ sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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