Diligence memo · auto-generated · as of July 2, 2026
Lipocine Inc.
Lipocine Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Lipocine Inc. operates in Pharmaceuticals, based in SALT LAKE CITY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lipocine Inc. has raised $38M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $38M on 2013-07-30.
Most recent recorded round closed around 2013-07-30.
Valuation (modeled)modeled
Provath models Lipocine Inc. at approximately $1.3B (range $80M–$5.0B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.90× the median modeled value of Series B Pharmaceuticals companies in 2013–2015 (42 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 12.9 yr ago; this sector typically re-raises about every 13 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 77% of Pharmaceuticals peers (1613 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: CARDEAS PHARMA Corp, CoLucid Pharmaceuticals, Inc., Emisphere Technologies Inc, Vasculox, Inc., PrEP Biopharm Ltd.
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.