Acusphere is a speciality pharmaceutical company developing cardiovascular drugs for the detection of coronary artery disease.
Business Model:
Revenue: $11.5M
Employees: 51-200
Address: 2 Canal Park
City: Cambridge
State: MA
Zip: 02141
Country: US
Acusphere is a specialty pharmaceutical company, primarily focused on the development of Imagify™ (perflubutane polymer microspheres) injectible suspension, a cardiovascular drug for the detection of coronary artery disease. Acusphere is in the process of seeking regulatory approval of Imagify in Europe, and negotiating a Special Protocol Assessment with FDA for an additional trial required for U.S. approval. Imagify was created using Acusphere’s proprietary porous microparticle technology, which was also used to create three other drugs which have begun clinical development – AI-525 for acute pain, AI-850 for oncology and AI-128 for asthma. AI-525 and AI-850 were sold to Cephalon in transactions totaling $31 million. AI-128 was developed in collaboration with Elan, who contributed $7.5 million to the program. Acusphere’s technology has the potential to create a wide variety of new drugs by reformulating hydrophobic drugs and creating sustained release formulations of existing drugs.
Contact Phone:
+16176488800
Contact Email:
Listed Exchange:
OTCMKTS
IPO Date:
10/8/2003
IPO Valuation:
$199M
Ticker Symbol:
ACUS
IPO Price:
$14/share
Amount Raised:
$53M
Opened: -/share
EBITDA | - |
Total Cash | - |
Total Debt | - |
Total Revenue | - |
Total Profit (Gross) | - |
PE Ratio | - |
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 10/2003 | IPO | $52.5M |
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4/2003 | Funding Round | $0 |
Audax Group BA Ventures BancBoston Ventures Burr, Egan, Deleage &a; Co HBM Healthcare Investments AG Polaris Ventures Technology Funding Thomas Weisel Partners Audax Group BA Ventures BancBoston Ventures Burr, Egan, Deleage &a; Co HBM Healthcare Investments AG Polaris Ventures Technology Funding Thomas Weisel Partners |
2/2012 | Post-IPO Debt | $2.5M | 7/2011 | Post-IPO Debt | $7.5M | 4/2003 | Funding Round | 8 | $19M |
Audax Group BA Ventures BancBoston Ventures Burr, Egan, Deleage &a; Co HBM Healthcare Investments AG Polaris Partners Technology Funding Thomas Weisel Partners Audax Group BA Ventures BancBoston Ventures Burr, Egan, Deleage &a; Co HBM Healthcare Investments AG Polaris Partners Technology Funding Thomas Weisel Partners |
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