Companies · Pharmaceuticals

Igi Laboratories, Inc

BUENA · Pharmaceuticals

Diligence memoA one-page analyst read on Igi Laboratories, Inc — recommendation, valuation, rhythm, risks.
$16.1M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 38%
Sector rank · raised
Series A
Latest stage · inferred · Fri Dec 21 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Igi Laboratories, 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 0.34× the median modeled value of Series A Pharmaceuticals companies in 2010–2012 (57 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.5 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

Igi Laboratories, Inc is one of 1613 Pharmaceuticals companies tracked from BUENA. By capital raised it ranks mid-pack (ahead of 63% 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
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 · 2009-03-13 Raised $6.0M (real) Modeled valuation $186M (est)$6.0M$186MSeries A2009Series A · 2010-03-29 Raised $1.6M (real) Modeled valuation $48M (est)$1.6M$48MSeries A2010Series A · 2010-12-08 Raised $6.5M (real) Modeled valuation $201M (est)$6.5M$201MSeries A2010Series A · 2012-12-21 Raised $2.0M (real) Modeled valuation $62M (est)$2.0M$62MSeries A2012+$1.6M+$6.5M+$2.0MCumulative $16M

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$6.0M · 2009
Series A extension$1.6M · 2010
Series A extension$6.5M · 2010
Series A extension$2.0M · 2012

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
$61.9M
Base estimate est.
$2.3M
Conservative case
$336.8M
Upside case
$9.1M
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 $185.8M · 2009-03-132009Series A · modeled $48.0M · 2010-03-29Series A · modeled $201.3M · 2010-12-08Series A · modeled $61.9M · 2012-12-212012
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
13.5 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$4.3M/yr
Capital velocity
17.3 yr
On record since
2009
First round
4
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) 2.0× above median
This company$16.1M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.0M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$61.9M
Sector median$76.1M

Raised more than 63% of sector peers (real $). Modeled value above 47% 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 #48 of 57.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Satori Pharmaceuticals Inc · Series A Raised $22.3M · modeled $464.6M (est)Labrys Biologics, Inc. · Series A Raised $14.6M · modeled $451.8M (est)Telsar Pharma, Inc. · Series A Raised $14.0M · modeled $433.7M (est)Acetylon Pharmaceuticals, Inc. · Series A Raised $33.6M · modeled $433.2M (est)Seldar Pharma, Inc. · Series A Raised $18.2M · modeled $402.6M (est)Link Resources Inc. · Series A Raised $12.0M · modeled $371.7M (est)Scynexis Inc · Series A Raised $22.7M · modeled $354.6M (est)Receptos, Inc. (f.k.a. Receptor Pharmaceuticals Inc.) · Series A Raised $30.5M · modeled $334.7M (est)BioNumerik Pharmaceuticals, Inc. · Series A Raised $11.3M · modeled $315.6M (est)Tioga Pharmaceuticals Inc · Series A Raised $24.3M · modeled $309.7M (est)Bonovo Orthopedics, Inc. · Series A Raised $10.0M · modeled $309.7M (est)Quark Pharmaceuticals Inc · Series A Raised $10.0M · modeled $309.7M (est)Igi Laboratories, Inc (this company) Raised $16.1M · modeled $61.9M (est)Igi Laboratories, Inc
CompanyStageRaised · realValue · estvs peer med.
Satori Pharmaceuticals IncSeries A$22.3M$464.6M2.58×
Labrys Biologics, Inc.Series A$14.6M$451.8M2.51×
Telsar Pharma, Inc.Series A$14.0M$433.7M2.41×
Acetylon Pharmaceuticals, Inc.Series A$33.6M$433.2M2.40×
Seldar Pharma, Inc.Series A$18.2M$402.6M2.23×
Link Resources Inc.Series A$12.0M$371.7M2.06×
Scynexis IncSeries A$22.7M$354.6M1.97×
Receptos, Inc. (f.k.a. Receptor Pharmaceuticals Inc.)Series A$30.5M$334.7M1.86×
BioNumerik Pharmaceuticals, Inc.Series A$11.3M$315.6M1.75×
Tioga Pharmaceuticals IncSeries A$24.3M$309.7M1.72×
Bonovo Orthopedics, Inc.Series A$10.0M$309.7M1.72×
Quark Pharmaceuticals IncSeries A$10.0M$309.7M1.72×
Igi Laboratories, Inc this companySeries A$16.1M$61.9M0.34×
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$6.0M2009-03-13$27.3M$185.8M90%
Series A$1.6M2010-03-29$7.0M$48.0M90%
Series A$6.5M2010-12-08$29.5M$201.3M90%
Series A$2.0M2012-12-21$9.1M$61.9M90%
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$6.0M2009-03-13
    • First recorded raise — entered as Series A.
  2. Series A$1.6M2010-03-29
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
  3. Series A$6.5M2010-12-08
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 4.2× larger than the prior — scaling up.
  4. Series A$2.0M2012-12-21
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
Intelligence
2014 ~Q1
Modeled next raise · ~15mo cadence
$2.0M
Modeled next size est.range $2.0M$3.2M
0.3×
Last step-up
$4.3M/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
Joyce Erony7 other2012-12
Charles Moore4 other2010-03
James Gale4 other2012-12
Bhaskar Chaudhuri2 other2012-12
Jane E. Hager1 other2009-03
Joyce B Erony1 other2010-03
Michael Hemric1 other2012-12
Steven J. Morris1 other2009-03
Bhaskar E. Chaudhuri2010-12
James D. Gale2010-03
James N. Gale2010-12
Jane Erony2009-03
Jason Grenfell-Gardner2012-12
Jenniffer Collins2012-12
Joyce N. Erony2010-12
Justine Kostka2009-03
Michael B. Hemric2010-03
Michael N. Hemric2010-12
Nadya Lawrence2009-03
Narendra Borkar2012-12
Narendra N. Borkar2010-12
Narendra S. Borkar2010-03
Philip Forte2010-12
Phillip S. Forte2010-03
Registry & provenance

Igi Laboratories, 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
352998
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
Icon Bioscience, Inc.PharmaceuticalsSeries A$20.2M$164.7Mnetwork2 shared operators · same sector · same stage
Apicore Inc.PharmaceuticalsSeries A$16.7M$22.3Mnetwork1 shared operator · same sector · same stage
Ascendia Pharmaceuticals, Inc.PharmaceuticalsSeries A$12.5M$8.6Mnetwork1 shared operator · same sector · same stage
Nevakar Inc.PharmaceuticalsSeries A$16.1M$40.3Msame sector · same stage
Thar Pharmaceuticals IncPharmaceuticalsSeries A$15.9M$42.5Msame sector · same stage
Biorelix IncPharmaceuticalsSeries A$15.9M$79.2Msame sector · same stage
Innovus Pharmaceuticals, Inc.PharmaceuticalsSeries A$15.7M$98.2Msame sector · same stage
KannaLife Sciences, Inc.PharmaceuticalsSeries A$16.5M$57.1Msame sector · same stage
Frequently asked
How much funding has Igi Laboratories, Inc raised?
Igi Laboratories, Inc has raised approximately $16.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Igi Laboratories, Inc's estimated valuation?
Provath's modeled valuation for Igi Laboratories, Inc is approximately $61.9M (modeled range $2.3M–$336.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Igi Laboratories, Inc at?
Igi Laboratories, Inc's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Dec 21.
What does Igi Laboratories, Inc do and where is it based?
Igi Laboratories, Inc operates in the Pharmaceuticals sector, based in BUENA.
Explore related

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