Companies · Pharmaceuticals

Strongbridge Biopharma plc

TREVOSE · Pharmaceuticals

Diligence memoA one-page analyst read on Strongbridge Biopharma plc — recommendation, valuation, rhythm, risks.
$220.6M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 4%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Dec 22 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Strongbridge Biopharma plc 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 0.28× the median modeled value of Series D+ Pharmaceuticals companies in 2016–2018 (11 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.5 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

Strongbridge Biopharma plc is one of 1613 Pharmaceuticals companies tracked from TREVOSE. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
23
Investors (latest)
2015
Year incorporated
2016-12-22
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$1.3B$2.5B$3.8B$5.0BSeries B · 2015-02-10 Raised $26M (real) Modeled valuation $898M (est)$26M$898MSeries B2015Series B · 2015-06-29 Raised $33M (real) Modeled valuation $1.1B (est)$33M$1.1BSeries B2015Series D+ · 2015-08-28 Raised $126M (real) Modeled valuation $4.5B (est)$126M$4.5BSeries D+2015Series D+ · 2016-12-22 Raised $35M (real) Modeled valuation $1.2B (est)$35M$1.2BSeries D+2016+$33M+$126M+$35MCumulative $221M

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$26.4M · 2015
Series B extension$33.2M · 2015
Series D+$126.0M · 2015no Series C on file
Series D+ extension$35.0M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series C — 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
$1.2B
Base estimate est.
$166.6M
Conservative case
$2.7B
Upside case
$291.7M
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 B · modeled $897.6M · 2015-02-102015Series B · modeled $1.1B · 2015-06-29Series D+ · modeled $4.5B · 2015-08-28Series D+ · modeled $1.2B · 2016-12-222016
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
6.0 yr
Elapsed time used
9.5 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$118.3M/yr
Capital velocity
11.4 yr
On record since
2015
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) 27× above median
This company$220.6M
Sector median$8.1M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.3× of median
This company$35.0M
Sector median$111.8M
Modeled value — vs sector median (estimate, all stages) 16× above median
This company$1.2B
Sector median$76.1M

Raised more than 97% of sector peers (real $). Modeled value above 91% 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 #10 of 11.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Concordia International Corp. · Series D+ Raised $228.0M · modeled $8.1B (est)Surterra Holdings, Inc./DE · Series D+ Raised $230.4M · modeled $5.8B (est)Ironwood Pharmaceuticals Inc · Series D+ Raised $350.0M · modeled $5.3B (est)Melinta Therapeutics, Inc. /New/ · Series D+ Raised $346.8M · modeled $4.9B (est)Beam Therapeutics Inc. · Series D+ Raised $218.6M · modeled $4.8B (est)Tris Pharma, Inc. · Series D+ Raised $125.0M · modeled $4.4B (est)Ardelyx, Inc. · Series D+ Raised $210.4M · modeled $3.9B (est)Tesaro, Inc. · Series D+ Raised $255.0M · modeled $1.8B (est)Orexigen Therapeutics, Inc. · Series D+ Raised $274.6M · modeled $1.8B (est)RxBio Holdings, Inc. · Series D+ Raised $128.7M · modeled $12.0M (est)Strongbridge Biopharma plc (this company) Raised $220.6M · modeled $1.2B (est)Strongbridge Biopharma plc
CompanyStageRaised · realValue · estvs peer med.
Concordia International Corp.Series D+$228.0M$8.1B1.82×
Surterra Holdings, Inc./DESeries D+$230.4M$5.8B1.32×
Ironwood Pharmaceuticals IncSeries D+$350.0M$5.3B1.20×
Melinta Therapeutics, Inc. /New/Series D+$346.8M$4.9B1.10×
Beam Therapeutics Inc.Series D+$218.6M$4.8B1.08×
Tris Pharma, Inc.Series D+$125.0M$4.4B1.00×
Ardelyx, Inc.Series D+$210.4M$3.9B0.88×
Tesaro, Inc.Series D+$255.0M$1.8B0.40×
Orexigen Therapeutics, Inc.Series D+$274.6M$1.8B0.40×
Strongbridge Biopharma plc this companySeries D+$220.6M$1.2B0.28×
RxBio Holdings, Inc.Series D+$128.7M$12.0M0.00×
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$26.4M2015-02-10$146.7M$897.6M85%
Series B$33.2M2015-06-29$184.6M$1.1B85%
Series D+$126.0M2015-08-28$1.1B$4.5B85%
Series D+$35.0M2016-12-22$291.7M$1.2B90%
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$26.4M2015-02-10
    • First recorded raise — entered as Series B.
    • 5 investors on this round.
  2. Series B$33.2M2015-06-29
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 25 investors on this round.
  3. Series D+$126.0M2015-08-28
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 46 investors on this round.
  4. Series D+$35.0M2016-12-22
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 3.6× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 23 investors on this round.
Intelligence
2017 ~Q3
Modeled next raise · ~7mo cadence
$35.0M
Modeled next size est.range $35.0M$56.0M
0.3×
Last step-up
$118.3M/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
Robert Lutz6 other2015-02
John H Johnson3 other2015-06
Matthew Pauls3 other2015-02
A. Brian Davis2 other2015-08
Brian Davis2 other2015-06
H. Joseph Reiser2 other2015-02
Joseph M. Mahady2 other2015-02
Stephen Long2 other2015-08
Garheng H. Kong1 other2015-08
Jeffrey W. Sherman1 other2016-12
Alexander Lindstrom2015-02
Eigil Stray Spetalen2015-02
Ernest Tidemann Eichenberg III2015-02
Espen Tidemann Jorgensen2015-02
Fredric Brian Cohen2016-12
Hilde H. Steineger2015-02
Marten H. Steen2015-06
Marten Tidemann Steen2015-02
Richard H. Kollender2015-06
Robert Brian Lutz2016-12
Ruth Thieroff-Ekerdt2015-02
Stephen Brian Long2016-12
Steve Long2015-06
Registry & provenance

Strongbridge Biopharma plc 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
1634432
SEC CIK
2015
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
Melinta Therapeutics, Inc. /New/PharmaceuticalsSeries D+$346.8M$4.9Bnetwork1 shared operator · same sector · same stage
NovaBay Pharmaceuticals, Inc.PharmaceuticalsSeries D+$218.1M$913.2Msame sector · same stage
Jazz Pharmaceuticals IncPharmaceuticalsSeries D+$209.0M$247.2Msame sector · same stage
Eliem Therapeutics, Inc.PharmaceuticalsSeries D+$253.2M$1.3Bsame sector · same stage
Tesaro, Inc.PharmaceuticalsSeries D+$255.0M$1.8Bsame sector · same stage
Renibus Therapeutics, Inc.PharmaceuticalsSeries D+$180.1M$1.7Bsame sector · same stage
Triana Biomedicines, Inc.PharmaceuticalsSeries D+$178.6M$852.8Msame sector · same stage
Orexigen Therapeutics, Inc.PharmaceuticalsSeries D+$274.6M$1.8Bsame sector · 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
RedHill Biopharma Ltd.PharmaceuticalsSeries C$101.7M82%
Cambrian BioPharma IncPharmaceuticalsSeries C$293.3M79%
Bridge Therapeutics, Inc.PharmaceuticalsSeed$2.2M78%
Balanced Pharma IncPharmaceuticalsSeed$641K77%
Boston Biopharma, Inc.PharmaceuticalsSeed$57.6M77%
PharmaTher Holdings Ltd.BiotechnologySeries A$156.6M77%
Spine BioPharma, Inc.PharmaceuticalsSeries A$63.9M77%
ImmuneBridge Inc.BiotechnologySeries A$20.8M76%
Frequently asked
How much funding has Strongbridge Biopharma plc raised?
Strongbridge Biopharma plc has raised approximately $220.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Strongbridge Biopharma plc's estimated valuation?
Provath's modeled valuation for Strongbridge Biopharma plc is approximately $1.2B (modeled range $166.6M–$2.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Strongbridge Biopharma plc at?
Strongbridge Biopharma plc's latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Dec 22.
What does Strongbridge Biopharma plc do and where is it based?
Strongbridge Biopharma plc operates in the Pharmaceuticals sector, based in TREVOSE.
Explore related

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