Companies · Pharmaceuticals

Horizon Therapeutics Inc

NORTHBROOK · Pharmaceuticals

Diligence memoA one-page analyst read on Horizon Therapeutics Inc — recommendation, valuation, rhythm, risks.
$37.0M
Total raised · real
3
Rounds
0.7×
Latest step-up
Top 24%
Sector rank · raised
Series B
Latest stage · inferred · Mon Dec 07 2009 00:00:00 GMT+0000 (Coordinated Universal Time)

Horizon Therapeutics 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 0.32× the median modeled value of Series B Pharmaceuticals companies in 2007–2009 (9 peers) — value vs value, same stage and era.
Dormant
  • Last raise 16.6 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

Horizon Therapeutics Inc is one of 1613 Pharmaceuticals companies tracked from NORTHBROOK. By capital raised it ranks in the upper tier (ahead of 77% 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.

US
Jurisdiction
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$250M$500M$750M$1.0BSeries B · 2008-10-28 Raised $17M (real) Modeled valuation $578M (est)$17M$578MSeries B2008Series A · 2008-10-28 Raised $12M (real) Modeled valuation $372M (est)$12M$372MSeries A2008Series B · 2009-12-07 Raised $8.0M (real) Modeled valuation $272M (est)$8.0M$272MSeries B2009+$12M+$8.0MCumulative $37M

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 B$17.0M · 2008
Bridge · Series B-stage$12.0M · 2008smaller follow-on
Series B extension$8.0M · 2009

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: 50%.

Modeled valuation trajectory
$272.0M
Base estimate est.
$16.8M
Conservative case
$1.0B
Upside case
$44.4M
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 pharma sector profile. Directional, not a quoted figure.

Series B · modeled $578.1M · 2008-10-282008Series A · modeled $371.7M · 2008-10-28Series B · modeled $272.0M · 2009-12-072009
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
57%
Survival probability
38% low · 70% high
1.49×/yr
Annual markup
1.80×/yr upside case
6.0 yr
Elapsed time used
16.6 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$33.4M/yr
Capital velocity
17.7 yr
On record since
2008
First round
3
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) 4.6× above median
This company$37.0M
Sector median$8.1M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.4× of median
This company$8.0M
Sector median$18.0M
Modeled value — vs sector median (estimate, all stages) 3.6× above median
This company$272.0M
Sector median$76.1M

Raised more than 77% of sector peers (real $). Modeled value above 73% 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 #9 of 9.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Glycomimetics Inc · Series B Raised $54.3M · modeled $1.3B (est)Avid Radiopharmaceuticals, Inc. · Series B Raised $63.1M · modeled $1.2B (est)Virdante Pharmaceuticals, Inc. · Series B Raised $30.1M · modeled $1.0B (est)Sirion Holdings, Inc. · Series B Raised $30.2M · modeled $941.4M (est)Viamet Pharmaceuticals Inc · Series B Raised $35.0M · modeled $850.1M (est)Aegerion Pharmaceuticals, Inc. · Series B Raised $48.7M · modeled $622.8M (est)Sigma Pharmaceuticals Ltd · Series B Raised $18.2M · modeled $619.4M (est)Vicept Therapeutics, Inc. · Series B Raised $22.0M · modeled $536.9M (est)Horizon Therapeutics Inc (this company) Raised $37.0M · modeled $272.0M (est)Horizon Therapeutics Inc
CompanyStageRaised · realValue · estvs peer med.
Glycomimetics IncSeries B$54.3M$1.3B1.56×
Avid Radiopharmaceuticals, Inc.Series B$63.1M$1.2B1.38×
Virdante Pharmaceuticals, Inc.Series B$30.1M$1.0B1.20×
Sirion Holdings, Inc.Series B$30.2M$941.4M1.11×
Viamet Pharmaceuticals IncSeries B$35.0M$850.1M1.00×
Aegerion Pharmaceuticals, Inc.Series B$48.7M$622.8M0.73×
Sigma Pharmaceuticals LtdSeries B$18.2M$619.4M0.73×
Vicept Therapeutics, Inc.Series B$22.0M$536.9M0.63×
Horizon Therapeutics Inc this companySeries B$37.0M$272.0M0.32×
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 B$17.0M2008-10-28$94.4M$578.1M90%
Series A$12.0M2008-10-28$54.5M$371.7M90%
Series B$8.0M2009-12-07$44.4M$272.0M90%
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 B$17.0M2008-10-28
    • First recorded raise — entered as Series B.
  2. Series A$12.0M2008-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
  3. Series B$8.0M2009-12-07
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
Intelligence
2010 ~Q2
Modeled next raise · ~7mo cadence
$8.0M
Modeled next size est.range $8.0M$12.8M
0.7×
Last step-up
$33.4M/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
Louis C. Bock6 other2008-10
Jeffrey W. Bird5 other2008-10
Jeff Himawan3 other2008-10
Timothy P. Walbert2 other2008-10
George F. Tidmarsh1 other2008-10
Jeffrey W. Sherman1 other2008-10
Barry L. Golombik2008-10
Jeff F. Himawan2008-10
Robert J. De Vaere2008-10
Registry & provenance

Horizon Therapeutics 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
1453176
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
Horizon Pharma, Inc.PharmaceuticalsSeries D+$308.4M$5.3Bnetwork3 shared operators · same sector
Sonexa Therapeutics IncPharmaceuticalsSeries B$41.5M$68.0Mnetwork1 shared operator · same sector · same stage
Egalet CorpPharmaceuticalsSeries C$42.2M$1.5Bnetwork1 shared operator · same sector
DisperSol Technologies, LLCPharmaceuticalsSeries B$37.0M$143.8Msame sector · same stage
Triton Therapeutics, Inc.PharmaceuticalsSeries B$36.4M$152.5Msame sector · same stage
Receptor Holdings, Inc.PharmaceuticalsSeries B$36.2M$141.0Msame sector · same stage
Rx Redefined Inc.PharmaceuticalsSeries B$35.7M$126.1Msame sector · same stage
Meritage Pharma IncPharmaceuticalsSeries B$38.5M$221.0Msame sector · same stage
Frequently asked
How much funding has Horizon Therapeutics Inc raised?
Horizon Therapeutics Inc has raised approximately $37.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Horizon Therapeutics Inc's estimated valuation?
Provath's modeled valuation for Horizon Therapeutics Inc is approximately $272.0M (modeled range $16.8M–$1.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Horizon Therapeutics Inc at?
Horizon Therapeutics Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Dec 07.
What does Horizon Therapeutics Inc do and where is it based?
Horizon Therapeutics Inc operates in the Pharmaceuticals sector, based in NORTHBROOK.
Explore related

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

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