Companies · Pharmaceuticals

LianBio

GRAND CAYMAN · Pharmaceuticals

Diligence memoA one-page analyst read on LianBio — recommendation, valuation, rhythm, risks.
$273.0M
Total raised · real
2
Rounds
0.0×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Mar 26 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

LianBio 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 0.02× the median modeled value of Series D+ Pharmaceuticals companies in 2019–2021 (15 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.3 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

LianBio is one of 1613 Pharmaceuticals companies tracked from GRAND CAYMAN. By capital raised it ranks among the largest (ahead of 98% 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
Rule 506(b)
Reg D exemption
1
Investors (latest)
2019
Year incorporated
2021-03-26
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$2.5B$5.0B$7.5B$10.0BSeries D+ · 2020-10-28 Raised $270M (real) Modeled valuation $8.7B (est)$270M$8.7BSeries D+2020Series D+ · 2021-03-26 Raised $3.0M (real) Modeled valuation $85M (est)$3.0M$85MSeries D+2021+$3.0MCumulative $273M

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 D+$270.0M · 2020
Series D+ extension$3.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$85.3M
Base estimate est.
$14.3M
Conservative case
$171.8M
Upside case
$25.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series D+ · modeled $8.7B · 2020-10-282020Series D+ · modeled $85.3M · 2021-03-262021
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
71%
Survival probability
57% low · 79% high
1.35×/yr
Annual markup
1.51×/yr upside case
5.3 yr
Elapsed time used
5.3 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$669.2M/yr
Capital velocity
5.7 yr
On record since
2020
First round
2
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) 34× above median
This company$273.0M
Sector median$8.1M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$3.0M
Sector median$111.8M
Modeled value — vs sector median (estimate, all stages) 1.1× above median
This company$85.3M
Sector median$76.1M

Raised more than 98% of sector peers (real $). Modeled value above 52% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #15 of 15.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0B$10.0M$100.0M$1.0BCapital raised (log)Nuvation Bio Inc. · Series D+ Raised $275.3M · modeled $9.7B (est)Recursion Pharmaceuticals, Inc. · Series D+ Raised $478.3M · modeled $8.3B (est)Vyripharm Enterprises, Inc. · Series D+ Raised $300.0M · modeled $7.2B (est)Verona Pharma plc · Series D+ Raised $244.7M · modeled $7.0B (est)Cingulate Inc. · Series D+ Raised $220.0M · modeled $5.4B (est)Day One Biopharmaceuticals Holding Co LLC · Series D+ Raised $130.0M · modeled $3.9B (est)Design Therapeutics, Inc. · Series D+ Raised $170.5M · modeled $3.7B (est)Secura Bio Holdings, Inc. · Series D+ Raised $105.0M · modeled $3.7B (est)Revolution Medicines, Inc. · Series D+ Raised $204.2M · modeled $3.5B (est)Entrada Therapeutics, Inc. · Series D+ Raised $150.9M · modeled $3.3B (est)Catabasis Pharmaceuticals Inc · Series D+ Raised $349.6M · modeled $3.3B (est)DTx Pharma, Inc. · Series D+ Raised $113.4M · modeled $2.9B (est)LianBio (this company) Raised $273.0M · modeled $85.3M (est)LianBio
CompanyStageRaised · realValue · estvs peer med.
Nuvation Bio Inc.Series D+$275.3M$9.7B2.62×
Recursion Pharmaceuticals, Inc.Series D+$478.3M$8.3B2.23×
Vyripharm Enterprises, Inc.Series D+$300.0M$7.2B1.95×
Verona Pharma plcSeries D+$244.7M$7.0B1.87×
Cingulate Inc.Series D+$220.0M$5.4B1.45×
Day One Biopharmaceuticals Holding Co LLCSeries D+$130.0M$3.9B1.04×
Design Therapeutics, Inc.Series D+$170.5M$3.7B1.01×
Secura Bio Holdings, Inc.Series D+$105.0M$3.7B1.00×
Revolution Medicines, Inc.Series D+$204.2M$3.5B0.96×
Entrada Therapeutics, Inc.Series D+$150.9M$3.3B0.89×
Catabasis Pharmaceuticals IncSeries D+$349.6M$3.3B0.88×
DTx Pharma, Inc.Series D+$113.4M$2.9B0.79×
LianBio this companySeries D+$273.0M$85.3M0.02×
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 D+$270.0M2020-10-28$2.2B$8.7B90%
Series D+$3.0M2021-03-26$25.0M$85.3M90%
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 D+$270.0M2020-10-28
    • First recorded raise — entered as Series D+.
    • 23 investors on this round.
  2. Series D+$3.0M2021-03-26
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 90.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~5mo cadence
$3.0M
Modeled next size est.range $3.0M$4.8M
0.0×
Last step-up
$669.2M/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
Konstantin Poukalov4 other2020-10
ADAM LEO STONE2020-10
BING LEO LI2020-10
DEBRA ANASTASIOS YU2021-03
DEBRA LEO YU2020-10
NEIL LEO KUMAR2020-10
TASSOS LEO GIANAKAKOS2020-10
TOM ANASTASIOS GIANNAKAKOS2021-03
Registry & provenance

LianBio 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
1831283
SEC CIK
2019
Incorporated
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
Cyclerion Therapeutics, Inc.PharmaceuticalsSeries D+$222.3M$75.1Msame sector · same stage
Pharmaceutics International, Inc.PharmaceuticalsSeries D+$206.5M$124.0Msame sector · same stage
Lyra Therapeutics, Inc.BiotechnologySeries D+$236.6M$791.1Mnetwork1 shared operator · same stage
Impulse Dynamics N.V.BiotechnologySeries D+$417.3M$747.7Mnetwork1 shared operator · same stage
Veronica Holdings, LLCBiotechnologySeries D+$142.3M$1.5Bnetwork1 shared operator · same stage
Apnimed, Inc.PharmaceuticalsSeries C$321.8M$121.6Msame sector
Jaguar Health, Inc.PharmaceuticalsSeries C$151.1M$58.9Msame sector
Enlaza Therapeutics, Inc.PharmaceuticalsSeries C$134.6M$87.7Msame sector
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
WinSanTorPharmaceuticalsPre-Seed$37.0M78%
PharmaCielo Ltd.PharmaceuticalsSeries A$195.6M77%
CoLabs Int'l, Corp.PharmaceuticalsSeed$3.1M76%
TIXiMED, Inc.PharmaceuticalsPre-Seed$2.1M76%
Surterra Holdings, Inc./DEPharmaceuticalsSeries D+$5.8B75%
EnzymeBioSystemsPharmaceuticalsPre-Seed$18.4M75%
NextEvo, Inc.PharmaceuticalsPre-Seed$2.0M75%
Dosentrx Ltd.PharmaceuticalsSeed$3.6M75%
Frequently asked
How much funding has LianBio raised?
LianBio has raised approximately $273.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is LianBio's estimated valuation?
Provath's modeled valuation for LianBio is approximately $85.3M (modeled range $14.3M–$171.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LianBio at?
LianBio's latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Mar 26.
What does LianBio do and where is it based?
LianBio operates in the Pharmaceuticals sector, based in GRAND CAYMAN.
Explore related

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

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