Companies · Pharmaceuticals

Humanigen, Inc

BURLINGAME · Pharmaceuticals

Diligence memoA one-page analyst read on Humanigen, Inc — recommendation, valuation, rhythm, risks.
$39.2M
Total raised · real
5
Rounds
0.4×
Latest step-up
Top 23%
Sector rank · raised
Series B
Latest stage · inferred · Fri Nov 08 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Humanigen, 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 0.03× the median modeled value of Series B Pharmaceuticals companies in 2019–2021 (61 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.6 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

Humanigen, Inc is one of 1610 Pharmaceuticals companies tracked from BURLINGAME. By capital raised it ranks in the upper tier (ahead of 78% of sector peers), and in the long tail 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
1
Investors (latest)
2019-11-08
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$250M$500M$750M$1.0BSeries B · 2012-05-02 Raised $17M (real) Modeled valuation $578M (est)$17M$578MSeries B2012Series B · 2015-12-16 Raised $8.2M (real) Modeled valuation $279M (est)$8.2M$279MSeries B2015Series B · 2016-06-30 Raised $12M (real) Modeled valuation $413M (est)$12M$413MSeries B2016Series B · 2019-04-23 Raised $1.3M (real) Modeled valuation $44M (est)$1.3M$44MSeries B2019Series B · 2019-11-08 Raised $495K (real) Modeled valuation $17M (est)$495K$17MSeries B2019+$8.2M+$12M+$1.3M+$495KCumulative $39M

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 · 2012
Series B extension$8.2M · 2015
Series B extension$12.2M · 2016
Series B extension$1.3M · 2019
Series B extension$495K · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$16.8M
Base estimate est.
$1.0M
Conservative case
$64.7M
Upside case
$2.7M
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 · 2012-05-022012Series B · modeled $279.4M · 2015-12-16Series B · modeled $413.1M · 2016-06-30Series B · modeled $44.2M · 2019-04-23Series B · modeled $16.8M · 2019-11-082019
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
6.6 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
23 mo
Avg between rounds
$5.2M/yr
Capital velocity
14.2 yr
On record since
2012
First round
5
Rounds on file
How it compares to the market

Benchmarked against 1610 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) 4.8× above median
This company$39.2M
Sector median$8.1M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$495K
Sector median$18.0M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$16.8M
Sector median$76.1M

Raised more than 78% of sector peers (real $). Modeled value above 25% 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 #58 of 61.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Evolus, Inc. · Series B Raised $40.5M · modeled $1.4B (est)HOOKIPA Pharma Inc. · Series B Raised $37.4M · modeled $1.3B (est)ESSA Pharma Inc. · Series B Raised $56.0M · modeled $1.2B (est)Pieris Pharmaceuticals, Inc. · Series B Raised $102.1M · modeled $1.1B (est)Amylyx Pharmaceuticals, Inc. · Series B Raised $65.1M · modeled $1.0B (est)PassPort Technologies, Inc. · Series B Raised $30.0M · modeled $1.0B (est)Savara Inc · Series B Raised $30.9M · modeled $910.6M (est)InCarda Therapeutics, Inc. · Series B Raised $66.3M · modeled $856.6M (est)Aceto Management, L.L.C. · Series B Raised $23.6M · modeled $803.2M (est)GPI Finco (Canada) Inc. · Series B Raised $22.9M · modeled $778.0M (est)Phosplatin Therapeutics LLC · Series B Raised $72.3M · modeled $722.0M (est)Lannett Co Inc · Series B Raised $28.0M · modeled $690.6M (est)Humanigen, Inc (this company) Raised $39.2M · modeled $16.8M (est)Humanigen, Inc
CompanyStageRaised · realValue · estvs peer med.
Evolus, Inc.Series B$40.5M$1.4B2.74×
HOOKIPA Pharma Inc.Series B$37.4M$1.3B2.58×
ESSA Pharma Inc.Series B$56.0M$1.2B2.48×
Pieris Pharmaceuticals, Inc.Series B$102.1M$1.1B2.20×
Amylyx Pharmaceuticals, Inc.Series B$65.1M$1.0B2.06×
PassPort Technologies, Inc.Series B$30.0M$1.0B2.06×
Savara IncSeries B$30.9M$910.6M1.84×
InCarda Therapeutics, Inc.Series B$66.3M$856.6M1.73×
Aceto Management, L.L.C.Series B$23.6M$803.2M1.63×
GPI Finco (Canada) Inc.Series B$22.9M$778.0M1.57×
Phosplatin Therapeutics LLCSeries B$72.3M$722.0M1.46×
Lannett Co IncSeries B$28.0M$690.6M1.40×
Humanigen, Inc this companySeries B$39.2M$16.8M0.03×
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$17.0M2012-05-02$94.4M$578.1M85%
Series B$8.2M2015-12-16$45.7M$279.4M85%
Series B$12.2M2016-06-30$67.5M$413.1M85%
Series B$1.3M2019-04-23$7.2M$44.2M90%
Series B$495K2019-11-08$2.7M$16.8M90%
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$17.0M2012-05-02
    • First recorded raise — entered as Series B.
    • 8 investors on this round.
  2. Series B$8.2M2015-12-16
    • Raised again after 43 mo — slower than the ~13 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 18 investors on this round.
  3. Series B$12.2M2016-06-30
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 8 investors on this round.
  4. Series B$1.3M2019-04-23
    • Raised again after 34 mo — slower than the ~13 mo sector norm.
    • Round 9.3× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  5. Series B$495K2019-11-08
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~23mo cadence
$495K
Modeled next size est.range $495K$791K
0.4×
Last step-up
$5.2M/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
James Healy7 other2012-05
Michael Harrison7 other2015-12
Brigitte Smith4 other2012-05
Cameron Durrant4 other2016-06
DENNIS HENNER4 other2012-05
David Moradi1 other2015-12
David Pritchard1 other2012-05
Ezra Friedberg1 other2016-06
Gary Lyons1 other2012-05
Robert Savage1 other2019-04
Ted Love1 other2012-05
Dale Chappell2016-06
Dean Witter III2016-06
Denise Gilbert2012-05
Greg Jester2019-04
Jeanne Jew2012-05
Morgan Lam2016-06
Rainer Boehm2019-04
Ray Withy2012-05
Ronald Barliant2016-06
Timothy Morris2016-06
Registry & provenance

Humanigen, 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
1293310
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
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Variant Pharmaceuticals, Inc.PharmaceuticalsSeries B$33.1M$7.2Msame sector · same stage
TFF Pharmaceuticals, Inc.PharmaceuticalsSeries B$49.4M$9.2Msame sector · same stage
EPALEX CorpPharmaceuticalsSeries B$30.8M$5.0Msame sector · same stage
Cleave Biosciences, Inc.BiotechnologySeries B$37.9M$475.1Mnetwork1 shared operator · 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
Urigen Pharmaceuticals, Inc.PharmaceuticalsSeed$6.3M86%
Soligenix, Inc.PharmaceuticalsSeries A$60.8M85%
Harmony Biosciences II, Inc.PharmaceuticalsSeries D+$1.8B82%
Homology Medicines, Inc.PharmaceuticalsSeries C$2.9B81%
Dna Seq 2, Inc.PharmaceuticalsSeed$6.3M81%
Spectrum Antimicrobials, Inc.PharmaceuticalsSeries A$47.3M81%
BioPharmX CorpPharmaceuticalsSeries A$28.8M80%
USWM Enterprises, LLCPharmaceuticalsSeries A$376.7M80%
Frequently asked
How much funding has Humanigen, Inc raised?
Humanigen, Inc has raised approximately $39.2M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Humanigen, Inc's estimated valuation?
Provath's modeled valuation for Humanigen, Inc is approximately $16.8M (modeled range $1.0M–$64.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Humanigen, Inc at?
Humanigen, Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Nov 08.
What does Humanigen, Inc do and where is it based?
Humanigen, Inc operates in the Pharmaceuticals sector, based in BURLINGAME.
Explore related

See where Humanigen, 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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