HitGen

HitGen

HitGen is a platform company based on its leading DNA-encoded library (DELs) technology for innovative drug discovery research. Learn more

Launch date
Employees
Market cap
CAD643m
Enterprise valuation
CAD510m (Public information from Sep 2024)
Chengdu Sichuan (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
CNY2020202120222023202420252026
Revenues244m311m330m371m436m505m613m
% growth(8 %)28 %6 %13 %17 %16 %21 %
EBITDA82.8m109m79.2m110m67.7m77.3m137m
% EBITDA margin34 %35 %24 %30 %16 %15 %22 %
Profit64.0m63.4m25.3m40.7m50.7m61.1m76.0m
% profit margin26 %20 %8 %11 %12 %12 %12 %
EV / revenue49.5x30.3x16.4x16.1x8.5x7.3x6.0x
EV / EBITDA145.8x86.3x68.2x54.5x54.7x47.9x27.0x
R&D budget99.9m73.7m87.4m79.6m---
R&D % of revenue41 %24 %27 %21 %---
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DateInvestorsAmountRound
N/A

N/A

Angel
N/A

N/A

Series A

JPY250m

Series B
N/A

N/A

IPO
Total FundingCAD2.6m

Recent News about HitGen

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More about HitGeninfo icon
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HitGen is a biotechnology company specializing in innovative drug discovery using DNA-encoded library (DEL) technology. The company operates in the pharmaceutical and biotechnology markets, focusing on creating novel molecules for hit identification and lead generation. HitGen's primary clients include pharmaceutical companies and research institutions seeking to develop new treatments for diseases such as oncology, cardiovascular diseases (CVD), inflammation, respiratory conditions, metabolism disorders, and ophthalmology. The business model revolves around collaborative projects, licensing agreements, and proprietary research initiatives. HitGen generates revenue through partnerships, licensing fees, and milestone payments from successful drug development projects. The company has a robust pipeline with over 20 internal projects, including several in advanced stages of development.

Keywords: DNA-encoded libraries, drug discovery, oncology, cardiovascular diseases, inflammation, respiratory, metabolism, ophthalmology, biotechnology, pharmaceutical.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.
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Vernalis
ACQUISITION by HitGen Oct 2020