DealBio

Source and Track
Health & Life Sciences
Startups

Expand your deal flow with tailored startup sourcing,
investment intelligence, and continuous monitoring.

From Startup Sourcing to Exit Intelligence

DealBio helps investors source health and longevity startups, follow their progress, and learn from acquisitions and IPOs.

Startup Briefs

Investor-focused research on health and longevity startups, covering what they are building, who is behind them, and how far they have progressed.

Traction Signals

Ongoing updates showing which startups are gaining momentum.

Exits

Acquisitions and IPOs, with disclosed values, acquirers, and time to exit.

Latest Traction Signals

Ongoing updates showing which startups are gaining momentum.

RevoBITsGermany14 October 2026

Bioprinting startup receives €36,000 through Bavaria's Start?Zuschuss! programme.

Building sensor-equipped bioprinters for human tissue models and drug research.

GameAnalyzeNetherlands14 October 2026

Child-development app Tweexy reaches 350+ families in 20+ countries, with 30+ paying users and a 9.6% organic conversion rate.

Providing game-based screening for ADHD and related conditions.

Nexi HealthSpain13 October 2026

Mental-health AI startup launches a Municipal Emotional Wellbeing Observatory with Eibar City Council, reaching residents through its Bruna assistant.

Building AI clinical decision support for mental-health professionals.

PrecorDxNetherlands12 October 2026

Heart-monitoring startup receives early-phase VFF loan from ROM Utrecht Region to develop RF-sensing technology for earlier heart-failure detection.

Developing a wearable radio-frequency sensor for home heart-function monitoring.

AsemblisSwitzerland12 October 2026

Obesity-research startup wins Venture Kick Stage 1 support to strengthen market access with industry and research partners.

Building 3D human fat-tissue models for obesity drug development.

Cardiovolt.aiUnited Kingdom9 October 2026

Cardiac AI startup named a finalist for the Emerging Life Sciences Star Award at the UK tech awards 2026.

Developing AI-ECG software that detects hidden cardiac disease signals from routine ECGs.

Clee Medical SASwitzerland9 October 2026

Brain-surgery imaging startup secures its first two granted US patents, covering a minimally invasive optical forward-viewing probe and an automated drilling device.

Developing real-time OCT imaging with AI navigation for brain surgery.

Flip TherapeuticsUnited Kingdom6 October 2026

Laura Fletcher, Director of Strategic Partnerships at Bind Research, rejoins the board as independent non-executive director and corporate development advisor.

Developing in vivo mRNA-LNP therapeutics that reprogram pathogenic T cells for autoimmune disease.

OrbionGermany6 October 2026

Protein-prediction startup leads a team selected for SPRIND's QuantumSense Exploration challenge.

Using AI to predict protein expression, stability and developability before lab work.

AND BiotechSwitzerland8 October 2026

Swiss biotech entrepreneur Roger Meier, co-founder of Cellestia Biotech and T3 Pharmaceuticals, joins the board initially as an observer.

Developing nucleotide-based products for cellular resilience and healthy aging.

Sun FlowerUnited States8 October 2026

Sobriety platform expands its clinic from one state to five in 30 days, now prescribing medication in Pennsylvania, Michigan, Florida, Georgia and Utah.

Building a sobriety platform combining peer support, AI, and therapy.

AND BiotechSwitzerland7 October 2026

Ageing geneticist João Pedro de Magalhães, Professor of Molecular Biogerontology at the University of Birmingham, joins as Strategic Scientific Advisor.

Developing nucleotide-based products for cellular resilience and healthy aging.

Di & CareFrance7 October 2026

Insomnia study's 3-month follow-up shows ISI scores down 9.4 points from baseline, with 87% of 61 patients no longer at moderate or severe insomnia.

Building Noxxea, a digital medicine for chronic insomnia.

UCANACTNetherlands3 October 2026

Brain-computer interface startup wins the Responsible AI Start-up Contest in Rotterdam, selected from 17 entries and six finalists.

Turning brain signals into speech and device control for people with paralysis.

Mito HealthUnited States2 October 2026

Health testing marketplace launches $249 coronary artery calcium scans, orderable without a referral at more than 1,000 US imaging centers.

Offering at-cost biomarker testing with AI-guided preventive health insights.

Featured Startup Briefs

A selection of health and longevity startups, researched for investors.

Selected Exits

Explore acquisitions and IPOs across health and longevity, including transaction values, acquirers, and time to exit.

T2 Biosystems

IPO at ~$326M valuation.

Developed rapid blood tests that detected sepsis-causing bacteria and fungi directly from whole blood.

Molecular DiagnosticsInfectious DiseaseAntimicrobial Resistance
Sector
Diagnostics
Country
United States
Founded
2006
Exit year
2014
Exit type
IPO
Time to exit
~8 years

Tibotec-Virco

Acquired by Johnson & Johnson for ~$320M.

Developed HIV drugs and resistance tests that helped doctors choose treatments more likely to work.

HIVDrug DiscoveryPrecision Medicine
Sector
Biotech
Country
Belgium
Founded
1994
Exit year
2002
Exit type
Acquisition
Time to exit
~8 years

Withings

Acquired by Nokia for €170M.

Built connected scales, watches, and health monitors that automatically turned everyday measurements into usable health insights.

Medical DevicesWearablesBiomarkers
Sector
Consumer health
Country
France
Founded
2008
Exit year
2016
Exit type
Acquisition
Time to exit
~8 years

Livongo Health

IPO at ~$2.8B valuation.
Later acquired by Teladoc for $18.5B.

Combined connected devices, personalized guidance, and coaching to help people manage diabetes and other chronic conditions.

Chronic CareDigital TherapeuticsPatient Engagement
Sector
Digital health
Country
United States
Founded
2008
Exit year
2019
Exit type
IPO + later acquisition
Time to exit
~11 years

Modern Fertility

Acquired by Ro for more than $225M.

Offered at-home hormone tests that helped women understand fertility, ovarian reserve, and reproductive planning.

FertilityWomen’s HealthBiomarkers
Sector
Consumer health
Country
United States
Founded
2017
Exit year
2021
Exit type
Acquisition
Time to exit
~4 years

Kerecis

Acquired by Coloplast for up to $1.3B.

Developed fish-skin grafts that help the body repair chronic, diabetic, burn, surgical, and trauma wounds.

Medical DevicesDermatologyBio-Manufacturing
Sector
Medtech
Country
Iceland
Founded
2009
Exit year
2023
Exit type
Acquisition
Time to exit
~14 years

Comfort Medical

Acquired by Coloplast for $160M.

Provided direct-to-consumer delivery of catheters and ostomy supplies across the United States.

Patient AccessPatient SupportChronic Care
Sector
Healthcare services
Country
United States
Founded
2010
Exit year
2016
Exit type
Acquisition
Time to exit
~6 years

Mpathy Medical

Acquired by Coloplast for $30M upfront.

Developed minimally invasive surgical products for female stress urinary incontinence and pelvic organ prolapse.

Women's HealthMedical DevicesTherapeutics
Sector
Medtech
Country
United Kingdom
Founded
2003
Exit year
2010
Exit type
Acquisition
Time to exit
~7 years

Mesa Biotech

Acquired by Thermo Fisher Scientific for up to $550M.

Developed compact PCR tests that delivered rapid molecular results near patients with infectious diseases.

Molecular DiagnosticsPoint-Of-Care DiagnosticsInfectious Disease
Sector
Diagnostics
Country
United States
Founded
2009
Exit year
2021
Exit type
Acquisition
Time to exit
~12 years

Decipher Biosciences

Acquired by Veracyte for $600M.

Developed genomic tests that assessed prostate cancer risk and helped clinicians guide treatment decisions.

Molecular DiagnosticsOncologyPrecision Medicine
Sector
Diagnostics
Country
United States
Founded
2008
Exit year
2021
Exit type
Acquisition
Time to exit
~13 years

Personal Genome Diagnostics

Acquired by Labcorp for up to $575M.

Developed blood and tissue genomic tests that profiled cancers and helped guide targeted treatments.

Molecular DiagnosticsOncologyPrecision Medicine
Sector
Diagnostics
Country
United States
Founded
2010
Exit year
2022
Exit type
Acquisition
Time to exit
~12 years

Embody

Acquired by Zimmer Biomet for up to $275M.

Developed collagen implants that supported tendon and ligament healing after orthopedic and sports injuries.

OrthopedicsMedical DevicesSports Health
Sector
Medtech
Country
United States
Founded
2014
Exit year
2023
Exit type
Acquisition
Time to exit
~9 years

PlushCare

Acquired by Accolade for up to $450M.

Offered virtual primary and urgent care for diagnosis, prescriptions, and ongoing treatment from home.

Patient AccessVirtual CarePrimary Care
Sector
Healthcare services
Country
United States
Founded
2014
Exit year
2021
Exit type
Acquisition
Time to exit
~7 years

Propeller Health

Acquired by ResMed for $225M.

Developed connected inhaler sensors and software that helped manage asthma and chronic lung disease.

Patient EngagementPatient SupportChronic Care
Sector
Digital health
Country
United States
Founded
2010
Exit year
2019
Exit type
Acquisition
Time to exit
~9 years

MyFitnessPal

Acquired by Under Armour for $475M.

Built a food and exercise tracking app that helped users monitor calories, nutrition, weight, and activity.

NutritionPersonalized NutritionFitness Coaching
Sector
Consumer health
Country
United States
Founded
2005
Exit year
2015
Exit type
Acquisition
Time to exit
~10 years

Sequence

Acquired by WW International for $132M.

Offered virtual weight-management care combining clinician visits, medication access, and ongoing coaching.

NutritionPatient AccessVirtual Care
Sector
Healthcare services
Country
United States
Founded
2021
Exit year
2023
Exit type
Acquisition
Time to exit
~2 years

Atrium Innovations

Acquired by Nestlé for $2.3B.

Developed vitamins, minerals, and supplements sold through healthcare practitioners and consumer channels.

NutritionPersonalized NutritionPreventive Health
Sector
Consumer health
Country
Canada
Founded
1999
Exit year
2018
Exit type
Acquisition
Time to exit
~19 years

Auris Health

Acquired by Johnson & Johnson for up to $5.75B.

Developed robotic systems that helped physicians diagnose and treat disease through minimally invasive procedures.

Medical RoboticsSurgical RoboticsMedical Devices
Sector
Medtech
Country
United States
Founded
2007
Exit year
2019
Exit type
Acquisition
Time to exit
~12 years

BK Medical

Acquired by GE Healthcare for $1.45B.

Developed real-time ultrasound systems that helped surgeons visualize anatomy and guide decisions during operations.

Medical ImagingMedical DevicesProvider Workflow
Sector
Medtech
Country
Denmark
Founded
1992
Exit year
2021
Exit type
Acquisition
Time to exit
~29 years

Preventice Solutions

Acquired by Boston Scientific for up to $1.225B.

Developed wearable cardiac monitors and remote services that detected irregular heart rhythms outside hospitals.

Medical DevicesWearablesChronic Care
Sector
Medtech
Country
United States
Founded
2007
Exit year
2021
Exit type
Acquisition
Time to exit
~14 years

Aesynt

Acquired by Omnicell for $275M.

Developed automated pharmacy systems that helped hospitals store, package, track, and dispense medications safely.

Medication SafetyMedical DevicesProvider Workflow
Sector
Medtech
Country
United States
Founded
2013
Exit year
2016
Exit type
Acquisition
Time to exit
~3 years

KaNDy Therapeutics

Acquired by Bayer for more than $425M.

Developed a non-hormonal therapy designed to reduce hot flashes and other symptoms of menopause.

Menopause CareWomen's HealthTherapeutics
Sector
Biotech
Country
United Kingdom
Founded
2017
Exit year
2020
Exit type
Acquisition
Time to exit
~3 years

Ogeda

Acquired by Astellas Pharma for up to €800M.

Developed small-molecule therapies targeting neurokinin pathways to treat menopause and hormone-related conditions.

Menopause CareWomen's HealthTherapeutics
Sector
Biotech
Country
Belgium
Founded
1994
Exit year
2017
Exit type
Acquisition
Time to exit
~23 years

Diversigen

Acquired by OraSure Technologies for more than $12M.

Offered microbiome sequencing and analysis services that helped researchers measure microbial communities.

MicrobiomeDiagnosticsBiomarkers
Sector
Biotech
Country
United States
Founded
2013
Exit year
2019
Exit type
Acquisition
Time to exit
~6 years

CRC Health Group

Acquired by Acadia Healthcare for $1.3B.

Offered inpatient and outpatient treatment for addiction and behavioral health conditions across care centers.

Mental HealthAddiction CarePatient Support
Sector
Healthcare services
Country
United States
Founded
1995
Exit year
2015
Exit type
Acquisition
Time to exit
~20 years

Flatiron Health

Acquired by Roche for $1.9B.

Built oncology software and real-world data tools that supported cancer care and treatment research.

Health AIClinical AIProvider Workflow
Sector
Digital health
Country
United States
Founded
2012
Exit year
2018
Exit type
Acquisition
Time to exit
~6 years

GRAIL

Acquired by Illumina for $8B.

Developed blood-based genomic tests designed to detect multiple cancers before symptoms appeared.

GenomicsCancer ScreeningMolecular Diagnostics
Sector
Diagnostics
Country
United States
Founded
2016
Exit year
2021
Exit type
Acquisition
Time to exit
~5 years

Ambry Genetics

Acquired by Tempus AI for $600M.

Offered clinical genetic tests that identified inherited disease risks and guided personalized care decisions.

GenomicsMolecular DiagnosticsPrecision Medicine
Sector
Diagnostics
Country
United States
Founded
1999
Exit year
2025
Exit type
Acquisition
Time to exit
~26 years

ArcherDX

Acquired by Invitae for up to $1.4B.

Developed genomic testing tools that helped laboratories detect cancer mutations and guide targeted treatments.

GenomicsMolecular DiagnosticsOncology
Sector
Diagnostics
Country
United States
Founded
2013
Exit year
2020
Exit type
Acquisition
Time to exit
~7 years

Gyroscope Therapeutics

Acquired by Novartis for up to $1.5B.

Developed gene therapies for retinal diseases by targeting biological pathways involved in vision loss.

Gene TherapyGenetic MedicineRare Disease
Sector
Biotech
Country
United Kingdom
Founded
2016
Exit year
2022
Exit type
Acquisition
Time to exit
~6 years

Calimmune

Acquired by CSL Behring for up to $416M.

Developed stem-cell gene therapies designed to give people with HIV long-lasting resistance to the virus.

HIVGene TherapyGenetic Medicine
Sector
Biotech
Country
United States
Founded
2006
Exit year
2017
Exit type
Acquisition
Time to exit
~11 years

ReViral

Acquired by Pfizer for up to $525M.

Developed antiviral medicines for respiratory syncytial virus in infants and other vulnerable patients.

Infectious DiseaseInfant HealthTherapeutics
Sector
Biotech
Country
United Kingdom
Founded
2011
Exit year
2022
Exit type
Acquisition
Time to exit
~11 years

Alios BioPharma

Acquired by Johnson & Johnson for $1.75B.

Developed antiviral medicines for respiratory syncytial virus and other infections affecting infants and adults.

Infectious DiseaseInfant HealthTherapeutics
Sector
Biotech
Country
United States
Founded
2006
Exit year
2014
Exit type
Acquisition
Time to exit
~8 years

Zebra Medical Vision

Acquired by Nanox for up to $200M.

Developed AI software that analyzed medical images to help clinicians detect and prioritize suspected conditions.

Clinical AIMedical ImagingProvider Workflow
Sector
Digital health
Country
Israel
Founded
2014
Exit year
2021
Exit type
Acquisition
Time to exit
~7 years

Dermavant Sciences

Acquired by Organon for up to $1.2B.

Developed a non-steroidal topical medicine for treating plaque psoriasis and atopic dermatitis.

DermatologyTherapeuticsImmunology
Sector
Biotech
Country
United States
Founded
2015
Exit year
2024
Exit type
Acquisition
Time to exit
~9 years

Capsugel

Acquired by Lonza for $5.5B.

Developed capsules, formulation technologies, and manufacturing services used to produce and deliver medicines.

Drug DeliveryBio-ManufacturingMedical Devices
Sector
Medtech
Country
United States
Founded
1967
Exit year
2017
Exit type
Acquisition
Time to exit
~50 years

Carmot Therapeutics

Acquired by Roche for up to $3.1B.

Developed injectable medicines targeting metabolic diseases, including obesity and diabetes.

Drug DiscoveryTherapeuticsChronic Care
Sector
Biotech
Country
United States
Founded
2008
Exit year
2024
Exit type
Acquisition
Time to exit
~16 years

Igenomix

Acquired by Vitrolife for €1.25B.

Developed reproductive genetic tests that helped IVF clinics assess embryos, fertility risks, and pregnancy outcomes.

FertilityGenomicsPrecision Medicine
Sector
Diagnostics
Country
Spain
Founded
2011
Exit year
2021
Exit type
Acquisition
Time to exit
~10 years

Generate Life Sciences

Acquired by CooperCompanies for $1.6B.

Offered donor reproductive tissue, fertility preservation, and newborn stem-cell storage for families and clinics.

FertilityWomen's HealthPatient Access
Sector
Healthcare services
Country
United States
Founded
2018
Exit year
2021
Exit type
Acquisition
Time to exit
~3 years

MIRROR

Acquired by lululemon athletica for $500M.

Developed a connected home-fitness mirror that delivered live and on-demand exercise classes.

Fitness CoachingMedical DevicesAI Coaching
Sector
Consumer health
Country
United States
Founded
2016
Exit year
2020
Exit type
Acquisition
Time to exit
~4 years

Runtastic

Acquired by adidas for €220M.

Developed mobile fitness-tracking and training apps connected to smartphones and wearable devices.

Fitness CoachingWearablesSports Health
Sector
Consumer health
Country
Austria
Founded
2009
Exit year
2015
Exit type
Acquisition
Time to exit
~6 years

Endomondo

Acquired by Under Armour for $85M.

Built a mobile training app that tracked workouts and provided social and coaching features for active users.

Fitness CoachingSports HealthWearables
Sector
Consumer health
Country
Denmark
Founded
2007
Exit year
2015
Exit type
Acquisition
Time to exit
~8 years

Foundation Medicine

IPO at ~$489.10M valuation.
Later acquired by Roche for $2.4B.

Developed genomic tumor profiling tests that helped clinicians select targeted cancer treatments and trials.

Molecular DiagnosticsOncologyPrecision Medicine
Sector
Diagnostics
Country
United States
Founded
2010
Exit year
2013
Exit type
IPO + later acquisition
Time to exit
~3 years

Axonics

IPO at ~$379.58M valuation.
Later acquired by Boston Scientific for $3.7B.

Developed implantable nerve-stimulation systems that helped treat bladder and bowel control disorders.

NeurotechMedical DevicesPatient Support
Sector
Medtech
Country
United States
Founded
2013
Exit year
2018
Exit type
IPO + later acquisition
Time to exit
~5 years

Nevro

IPO at ~$527M valuation.
Later acquired by Globus Medical for $250M.

Developed spinal cord stimulation systems that used electrical pulses to help patients manage chronic pain.

NeurotechMedical DevicesNeurology
Sector
Medtech
Country
United States
Founded
2006
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~8 years

K2M

IPO at ~$556.01M valuation.
Later acquired by Stryker for $1.4B.

Developed spinal implants and surgical tools that helped clinicians treat complex spine disorders.

OrthopedicsMedical DevicesSurgical Robotics
Sector
Medtech
Country
United States
Founded
2004
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~10 years

Accolade

IPO at ~$1.04B valuation.
Later acquired by Transcarent for $621M.

Built a healthcare navigation platform that helped employees understand benefits and access appropriate care.

Patient AccessPatient SupportVirtual Care
Sector
Digital health
Country
United States
Founded
2007
Exit year
2020
Exit type
IPO + later acquisition
Time to exit
~13 years

Oak Street Health

IPO at ~$5.01B valuation.
Later acquired by CVS Health for $10.6B.

Offered primary care for older adults, coordinating preventive, chronic, and social support services.

Patient AccessPrimary CareChronic Care
Sector
Healthcare services
Country
United States
Founded
2012
Exit year
2020
Exit type
IPO + later acquisition
Time to exit
~8 years

Seagen

IPO at ~$204.77M valuation.
Later acquired by Pfizer for $43B.

Developed antibody-drug conjugates that delivered cancer medicines more directly to tumor cells.

OncologyImmuno-OncologyTherapeutics
Sector
Biotech
Country
United States
Founded
1998
Exit year
2001
Exit type
IPO + later acquisition
Time to exit
~3 years

Loxo Oncology

IPO at ~$206.70M valuation.
Later acquired by Eli Lilly for $8.0B.

Developed targeted cancer medicines matched to tumor mutations rather than the cancer's organ of origin.

OncologyPrecision MedicineTherapeutics
Sector
Biotech
Country
United States
Founded
2013
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~1 years

MAKO Surgical

IPO at ~$184.38M valuation.
Later acquired by Stryker for $1.65B.

Developed robotic systems that helped surgeons plan and perform knee and hip replacement procedures.

Medical RoboticsSurgical RoboticsOrthopedics
Sector
Medtech
Country
United States
Founded
2004
Exit year
2008
Exit type
IPO + later acquisition
Time to exit
~4 years

Merge Healthcare

IPO at ~$58.86M valuation.
Later acquired by IBM for $1036M.

Developed software that helped hospitals and radiologists store, manage, and analyze medical images.

Medical ImagingHealth AIProvider Workflow
Sector
Digital health
Country
United States
Founded
1987
Exit year
1998
Exit type
IPO + later acquisition
Time to exit
~11 years

Intra-Cellular Therapies

IPO at ~$332M valuation.
Later acquired by Johnson & Johnson for $14.6B.

Developed medicines that helped treat schizophrenia, bipolar depression, and other brain disorders.

Mental HealthNeurologyTherapeutics
Sector
Biotech
Country
United States
Founded
2002
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~12 years

Karuna Therapeutics

IPO at ~$341.95M valuation.
Later acquired by Bristol Myers Squibb for $14.0B.

Developed muscarinic receptor medicines to treat schizophrenia and other neurological conditions.

Mental HealthNeurologyTherapeutics
Sector
Biotech
Country
United States
Founded
2009
Exit year
2019
Exit type
IPO + later acquisition
Time to exit
~10 years

Sage Therapeutics

IPO at ~$449.31M valuation.
Later acquired by Supernus Pharmaceuticals for $561M upfront.

Developed medicines for postpartum depression and other brain conditions involving disrupted signaling.

Mental HealthNeurologyTherapeutics
Sector
Biotech
Country
United States
Founded
2010
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~4 years

AveXis

IPO at ~$455M valuation.
Later acquired by Novartis for $8.7B.

Developed gene replacement therapy that addressed the underlying cause of spinal muscular atrophy.

Gene TherapyGenetic MedicineInfant Health
Sector
Biotech
Country
United States
Founded
2010
Exit year
2016
Exit type
IPO + later acquisition
Time to exit
~6 years

Juno Therapeutics

IPO at ~$1.98B valuation.
Later acquired by Celgene for $10.4B.

Developed CAR-T therapies that reprogrammed patients' immune cells to recognize and attack cancer.

Immuno-OncologyCell TherapyOncology
Sector
Biotech
Country
United States
Founded
2013
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~1 years

Kite Pharma

IPO at ~$632M valuation.
Later acquired by Gilead Sciences for $11.9B.

Developed CAR-T therapies that used patients' engineered immune cells to treat blood cancers.

Immuno-OncologyCell TherapyOncology
Sector
Biotech
Country
United States
Founded
2009
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~5 years

Viela Bio

IPO at ~$1.03B valuation.
Later acquired by Horizon Therapeutics for $3.05B.

Developed targeted medicines for autoimmune and inflammatory diseases caused by abnormal immune responses.

ImmunologyAutoimmune DiseaseTherapeutics
Sector
Biotech
Country
United States
Founded
2017
Exit year
2019
Exit type
IPO + later acquisition
Time to exit
~2 years

PRA Health Sciences

IPO at ~$1.84B valuation.
Later acquired by ICON plc for $12B.

Offered clinical research services that helped drug developers plan and run clinical trials.

Clinical TrialsProvider WorkflowPatient Engagement
Sector
Healthcare services
Country
United States
Founded
1976
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~38 years

Fitbit

IPO at ~$4.10B valuation.
Later acquired by Google for $2.1B.

Developed wearable devices and software that tracked activity, sleep, heart rate, and health trends.

Fitness CoachingWearablesPreventive Health
Sector
Consumer health
Country
United States
Founded
2007
Exit year
2015
Exit type
IPO + later acquisition
Time to exit
~8 years

Firefly Bio

Acquired by Johnson & Johnson for $1B.

Developed cancer medicines that used antibodies to carry protein-degrading drugs directly into tumor cells.

OncologyDrug DeliveryTherapeutics
Sector
Biotech
Country
United States
Founded
2022
Exit year
2026
Exit type
Acquisition
Time to exit
~4 years

Attovia Therapeutics

IPO at ~$731.5M valuation.

Developed long-acting antibody medicines designed to relieve chronic itch and inflammatory skin disease.

ImmunologyDermatologyTherapeutics
Sector
Biotech
Country
United States
Founded
2023
Exit year
2026
Exit type
IPO
Time to exit
~3 years

Peloton Therapeutics

Acquired by Merck for $1.05B upfront.

Developed an oral medicine that blocked a tumor-growth protein to treat kidney cancer.

OncologyTherapeuticsDrug Discovery
Sector
Biotech
Country
United States
Founded
2010
Exit year
2019
Exit type
Acquisition
Time to exit
~9 years

Flexus Biosciences

Acquired by Bristol Myers Squibb for $800M upfront.

Developed small molecules designed to reverse the immune suppression that protects tumors.

Immuno-OncologyTherapeuticsDrug Discovery
Sector
Biotech
Country
United States
Founded
2013
Exit year
2015
Exit type
Acquisition
Time to exit
~2 years

Cepheid

IPO at ~$158M valuation.
Later acquired by Danaher for ~$4B.

Developed cartridge-based PCR systems that delivered rapid molecular test results near patients.

Molecular DiagnosticsPoint-Of-Care DiagnosticsInfectious Disease
Sector
Diagnostics
Country
United States
Founded
1996
Exit year
2000
Exit type
IPO + later acquisition
Time to exit
~4 years

Prevail Therapeutics

IPO at ~$578M valuation.
Later acquired by Eli Lilly for up to $1.04B.

Developed gene therapies delivered into the brain for Parkinson's disease and other neurodegenerative conditions.

Gene TherapyNeurologyGenetic Medicine
Sector
Biotech
Country
United States
Founded
2017
Exit year
2019
Exit type
IPO + later acquisition
Time to exit
~2 years

Mazor Robotics

IPO at ~$15.6M valuation.
Later acquired by Medtronic for $1.64B.

Developed robotic guidance systems that helped surgeons place implants during spine operations.

Surgical RoboticsMedical RoboticsMedical Devices
Sector
Medtech
Country
Israel
Founded
2000
Exit year
2007
Exit type
IPO + later acquisition
Time to exit
~7 years

Genomic Health

IPO at ~$292M valuation.
Later acquired by Exact Sciences for $2.8B.

Developed gene expression tests that predicted cancer recurrence and guided chemotherapy decisions.

Molecular DiagnosticsOncologyPrecision Medicine
Sector
Diagnostics
Country
United States
Founded
2000
Exit year
2005
Exit type
IPO + later acquisition
Time to exit
~5 years

One Medical

IPO at ~$1.7B valuation.
Later acquired by Amazon for $3.9B.

Offered membership-based primary care combining in-office visits, on-site labs and virtual care.

Primary CareVirtual CarePatient Access
Sector
Healthcare services
Country
United States
Founded
2007
Exit year
2020
Exit type
IPO + later acquisition
Time to exit
~13 years

Thorne HealthTech

IPO at ~$525M valuation.
Later acquired by L Catterton for $680M.

Sold at-home biomarker tests alongside supplements, using results to personalize recommendations.

BiomarkersPreventive HealthLongevity
Sector
Consumer health
Country
United States
Founded
1984
Exit year
2021
Exit type
IPO + later acquisition
Time to exit
~37 years

Progyny

IPO at ~$1.09B valuation.

Managed fertility and family-building benefits sold to self-insured employers.

FertilityWomen's HealthPatient Access
Sector
Healthcare services
Country
United States
Founded
2008
Exit year
2019
Exit type
IPO
Time to exit
~11 years

RayThera

Acquired by Biogen for up to $1B.

Developed small-molecule medicines designed to calm the immune system in inflammatory conditions.

ImmunologyDrug DiscoveryTherapeutics
Sector
Biotech
Country
United States
Founded
2023
Exit year
2026
Exit type
Acquisition
Time to exit
~3 years

Kartos Therapeutics

Acquired by Ipsen for up to $1.75B.

Developed an oral medicine designed to work alongside standard treatment for a rare bone-marrow cancer.

OncologyTherapeuticsPrecision Medicine
Sector
Biotech
Country
United States
Founded
2018
Exit year
2026
Exit type
Acquisition
Time to exit
~8 years

Memo Therapeutics

Acquired by Ipsen for more than €700M.

Developed an antibody treatment for a virus that attacks the kidney in transplant patients.

Infectious DiseaseTherapeuticsRare Disease
Sector
Biotech
Country
Switzerland
Founded
2012
Exit year
2026
Exit type
Acquisition
Time to exit
~14 years

Triangle Pharmaceuticals

Acquired by Gilead Sciences for ~$464M.

Developed antiviral medicines for HIV and hepatitis, including nucleoside-based treatment candidates.

HIVInfectious DiseaseTherapeutics
Sector
Biotech
Country
United States
Founded
1995
Exit year
2003
Exit type
Acquisition
Time to exit
~8 years

Avid Radiopharmaceuticals

Acquired by Eli Lilly for up to $800M.

Developed PET imaging agents designed to detect amyloid plaques associated with Alzheimer's disease.

Medical ImagingNeurologyBiomarkers
Sector
Diagnostics
Country
United States
Founded
2004
Exit year
2010
Exit type
Acquisition
Time to exit
~6 years

ADx NeuroSciences

Acquired by Fujirebio for €40M.

Developed antibodies and biomarker tools used in tests for Alzheimer's and other neurodegenerative diseases.

NeurologyBiomarkersMolecular Diagnostics
Sector
Diagnostics
Country
Belgium
Founded
2011
Exit year
2022
Exit type
Acquisition
Time to exit
~11 years

Olink Holding

IPO at ~$2.38B valuation.
Later acquired by Thermo Fisher Scientific for ~$3.1B.

Developed high-throughput proteomics technology that measured thousands of proteins from small samples.

BiomarkersPrecision MedicineMolecular Diagnostics
Sector
Diagnostics
Country
Sweden
Founded
2004
Exit year
2021
Exit type
IPO + later acquisition
Time to exit
~17 years

Endomagnetics

Acquired by Hologic for ~$310M.

Developed magnetic breast-surgery tools that helped locate tumors and map lymph nodes without radiation.

OncologyMedical DevicesWomen's Health
Sector
Medtech
Country
United Kingdom
Founded
2007
Exit year
2024
Exit type
Acquisition
Time to exit
~17 years

Cianna Medical

Acquired by Merit Medical for up to $200M.

Developed breast-cancer surgery and radiation devices for tumor localization and targeted treatment.

OncologyMedical DevicesWomen's Health
Sector
Medtech
Country
United States
Founded
2007
Exit year
2018
Exit type
Acquisition
Time to exit
~11 years

Novadaq Technologies

Acquired by Stryker for $701M.

Developed fluorescence imaging systems that helped surgeons visualize blood flow and tissue perfusion.

Medical ImagingMedical DevicesProvider Workflow
Sector
Medtech
Country
Canada
Founded
2000
Exit year
2017
Exit type
Acquisition
Time to exit
~17 years

Visualase

Acquired by Medtronic for up to $105M.

Developed MRI-guided laser systems for minimally invasive ablation of abnormal brain tissue.

Medical ImagingMedical DevicesNeurology
Sector
Medtech
Country
United States
Founded
2005
Exit year
2014
Exit type
Acquisition
Time to exit
~9 years

Volcano Corporation

Acquired by Philips for ~$1B.

Developed intravascular imaging and pressure-measurement tools used to guide coronary procedures.

Medical ImagingMedical DevicesProvider Workflow
Sector
Medtech
Country
United States
Founded
2000
Exit year
2015
Exit type
Acquisition
Time to exit
~15 years

ZOLL Medical

Acquired by Asahi Kasei for ~$2.21B.

Developed defibrillators, cardiac monitors, and resuscitation technologies for emergency and hospital care.

Medical DevicesPatient SupportProvider Workflow
Sector
Medtech
Country
United States
Founded
1980
Exit year
2012
Exit type
Acquisition
Time to exit
~32 years

Physio-Control

Acquired by Stryker for $1.28B.

Developed defibrillators, cardiac monitors, and CPR devices for emergency medical response.

Medical DevicesPatient SupportProvider Workflow
Sector
Medtech
Country
United States
Founded
1955
Exit year
2016
Exit type
Acquisition
Time to exit
~61 years

Adapt Pharma

Acquired by Emergent BioSolutions for up to $735M.

Developed NARCAN nasal spray to reverse opioid overdoses without requiring an injection.

Addiction CareDrug DeliveryTherapeutics
Sector
Biotech
Country
Ireland
Founded
2014
Exit year
2018
Exit type
Acquisition
Time to exit
~4 years

Semma Therapeutics

Acquired by Vertex Pharmaceuticals for $950M.

Developed stem-cell-derived pancreatic islet cells intended to restore insulin production in diabetes.

Cell TherapyChronic CareTherapeutics
Sector
Biotech
Country
United States
Founded
2014
Exit year
2019
Exit type
Acquisition
Time to exit
~5 years

BlueRock Therapeutics

Acquired by Bayer for up to $600M.

Developed engineered cell therapies using induced pluripotent stem cells for neurological and cardiac disease.

Cell TherapyNeurologyGenetic Medicine
Sector
Biotech
Country
United States
Founded
2016
Exit year
2019
Exit type
Acquisition
Time to exit
~3 years

Cardior Pharmaceuticals

Acquired by Novo Nordisk for up to €1.025B.

Developed RNA-based medicines designed to treat heart disease by targeting non-coding RNA pathways.

RNA TherapeuticsChronic CareTherapeutics
Sector
Biotech
Country
Germany
Founded
2016
Exit year
2024
Exit type
Acquisition
Time to exit
~8 years

Visterra

Acquired by Otsuka Pharmaceutical for ~$430M.

Developed engineered antibody therapies designed to target difficult proteins in infectious and kidney diseases.

ImmunologyDrug DiscoveryTherapeutics
Sector
Biotech
Country
United States
Founded
2007
Exit year
2018
Exit type
Acquisition
Time to exit
~11 years

Cubist Pharmaceuticals

Acquired by Merck for $8.4B.

Developed antibiotics for serious bacterial infections, including therapies for drug-resistant pathogens.

Infectious DiseaseAntimicrobial ResistanceTherapeutics
Sector
Biotech
Country
United States
Founded
1992
Exit year
2015
Exit type
Acquisition
Time to exit
~23 years

Medica Group

Acquired by IK Partners for £269M.

Provided remote radiology reporting services that connected hospitals with specialist radiologists.

Medical ImagingProvider WorkflowVirtual Care
Sector
Healthcare services
Country
United Kingdom
Founded
2004
Exit year
2023
Exit type
Acquisition
Time to exit
~19 years

Respironics

Acquired by Philips for $5.1B.

Developed sleep-apnea and respiratory devices, including CPAP systems and home ventilation equipment.

Sleep MedicineMedical DevicesChronic Care
Sector
Medtech
Country
United States
Founded
1976
Exit year
2008
Exit type
Acquisition
Time to exit
~32 years

Forte Biosciences

Acquired by argenx SE for $2.2B.

Developed an antibody that blocked immune signaling driving vitiligo, celiac disease, and other autoimmune conditions.

ImmunologyAutoimmune DiseaseTherapeutics
Sector
Biotech
Country
United States
Founded
2017
Exit year
2026
Exit type
Acquisition
Time to exit
~9 years

Aldevron

Acquired by Danaher for ~$9.6B.

Manufactured plasmid DNA, mRNA and proteins used in gene therapies, vaccines and gene-editing research.

Gene TherapyBio-ManufacturingGenetic Medicine
Sector
Biotech
Country
United States
Founded
1998
Exit year
2021
Exit type
Acquisition
Time to exit
~23 years

Brammer Bio

Acquired by Thermo Fisher Scientific for ~$1.7B.

Manufactured viral vectors used to develop and produce gene and cell therapies for clinical programs.

Gene TherapyBio-ManufacturingCell Therapy
Sector
Biotech
Country
United States
Founded
2016
Exit year
2019
Exit type
Acquisition
Time to exit
~3 years

Regulus Therapeutics

IPO at ~$143.3M valuation. Later acquired by Novartis for up to $1.7B.

Developed microRNA-targeting medicines designed to regulate disease-driving genetic pathways.

RNA TherapeuticsGenetic MedicineDrug Discovery
Sector
Biotech
Country
United States
Founded
2007
Exit year
2012
Exit type
IPO + later acquisition
Time to exit
~5 years

Dicerna Pharmaceuticals

IPO at ~$266.4M valuation. Later acquired by Novo Nordisk for $3.3B.

Developed RNA interference medicines designed to silence disease-causing genes in the liver and other tissues.

RNA TherapeuticsGenetic MedicineDrug Delivery
Sector
Biotech
Country
United States
Founded
2006
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~8 years

Advanced BioHealing

Acquired by Shire for $750M.

Developed Dermagraft, a living-cell skin substitute used to treat chronic diabetic foot ulcers.

Cell TherapyDermatologyBio-Manufacturing
Sector
Biotech
Country
United States
Founded
2004
Exit year
2011
Exit type
Acquisition
Time to exit
~7 years

Advanced Neuromodulation Systems

Acquired by St. Jude Medical for $1.3B.

Developed implantable neurostimulation systems used to manage chronic pain and neurological conditions.

NeurotechMedical DevicesChronic Care
Sector
Medtech
Country
United States
Founded
1979
Exit year
2005
Exit type
Acquisition
Time to exit
~26 years

Baylis Medical Company

Acquired by Boston Scientific for $1.75B.

Developed devices that helped physicians access and navigate the heart during catheter-based procedures.

Medical DevicesProvider WorkflowChronic Care
Sector
Medtech
Country
Canada
Founded
1986
Exit year
2022
Exit type
Acquisition
Time to exit
~36 years

Cardiva Medical

Acquired by Haemonetics for up to $510M.

Developed vascular closure systems that sealed access sites after catheter-based cardiovascular procedures.

Medical DevicesProvider WorkflowChronic Care
Sector
Medtech
Country
United States
Founded
2002
Exit year
2021
Exit type
Acquisition
Time to exit
~19 years

Sirtex Medical

IPO at ~A$54M valuation. Later acquired by CDH Investments and China Grand Pharmaceutical for A$1.9B.

Developed radioactive microspheres delivered through arteries to treat liver tumors from inside the body.

OncologyDrug DeliveryMedical Devices
Sector
Medtech
Country
Australia
Founded
1997
Exit year
2000
Exit type
IPO + later acquisition
Time to exit
~3 years

Vascular Solutions

IPO at ~$157.4M valuation. Later acquired by Teleflex for ~$1B.

Developed minimally invasive vascular devices used in catheterization and interventional procedures.

Medical DevicesProvider WorkflowChronic Care
Sector
Medtech
Country
United States
Founded
1997
Exit year
2000
Exit type
IPO + later acquisition
Time to exit
~3 years

Checkmate Pharmaceuticals

IPO at ~$321.6M valuation. Later acquired by Regeneron for ~$250M.

Developed an immunotherapy designed to activate innate immune responses against solid tumors.

Immuno-OncologyOncologyTherapeutics
Sector
Biotech
Country
United States
Founded
2015
Exit year
2020
Exit type
IPO + later acquisition
Time to exit
~5 years

Bardy Diagnostics

Acquired by Hillrom for $434.2M.

Developed a wearable ECG patch that recorded cardiac rhythms to help detect arrhythmias.

Medical DevicesWearablesChronic Care
Sector
Medtech
Country
United States
Founded
2013
Exit year
2021
Exit type
Acquisition
Time to exit
~8 years

Codexis

IPO at ~$443M valuation.

Engineered enzymes and proteins for pharmaceutical manufacturing, drug discovery and other industrial uses.

Protein DesignBio-ManufacturingDrug Discovery
Sector
Biotech
Country
United States
Founded
2002
Exit year
2010
Exit type
IPO
Time to exit
~8 years

Absci

IPO at ~$1.4B valuation.

Built an AI-enabled platform combining protein design and wet-lab screening to develop biologic medicines.

Protein DesignBioAIDrug Discovery
Sector
Biotech
Country
United States
Founded
2011
Exit year
2021
Exit type
IPO
Time to exit
~10 years

Astute Medical

Acquired by bioMérieux for ~$90M.

Developed protein-biomarker tests that assessed the risk of acute kidney injury in hospitalized patients.

BiomarkersMolecular DiagnosticsChronic Care
Sector
Diagnostics
Country
United States
Founded
2007
Exit year
2018
Exit type
Acquisition
Time to exit
~11 years

Exosome Diagnostics

Acquired by Bio-Techne for up to $575M.

Developed urine and blood tests that analyzed exosomal RNA to detect and monitor cancer.

Molecular DiagnosticsOncologyBiomarkers
Sector
Diagnostics
Country
United States
Founded
2008
Exit year
2018
Exit type
Acquisition
Time to exit
~10 years

Twill

Acquired by DarioHealth for ~$34.5M.

Provided digital mental-health programs combining therapeutic content, coaching and peer support.

Mental HealthDigital TherapeuticsPatient Engagement
Sector
Digital health
Country
United States
Founded
2012
Exit year
2024
Exit type
Acquisition
Time to exit
~12 years

SilverCloud Health

Acquired by Amwell for ~$210M.

Provided digital mental-health programs delivering structured behavioral therapy through online care.

Mental HealthDigital TherapeuticsVirtual Care
Sector
Digital health
Country
Ireland
Founded
2012
Exit year
2021
Exit type
Acquisition
Time to exit
~9 years

Corium International

IPO at ~$140.9M valuation. Later acquired by Gurnet Point Capital for up to ~$504M.

Developed transdermal drug-delivery systems and patches for prescription and consumer medicines.

Drug DeliveryMedical DevicesTherapeutics
Sector
Biotech
Country
United States
Founded
1995
Exit year
2014
Exit type
IPO + later acquisition
Time to exit
~19 years

Alkeus Pharmaceuticals

Acquired by Tarsus Pharmaceuticals for up to $800M.

Developed an oral medicine designed to slow vision loss in an inherited eye disease that begins in childhood.

Rare DiseaseTherapeuticsPrecision Medicine
Sector
Biotech
Country
United States
Founded
2010
Exit year
2026
Exit type
Acquisition
Time to exit
~16 years

OncoImmune

Acquired by Merck for $425M upfront.

Developed immune-modulating biologic therapies for cancer, autoimmune disease, and severe COVID-19.

ImmunologyOncologyTherapeutics
Sector
Biotech
Country
United States
Founded
2000
Exit year
2020
Exit type
Acquisition
Time to exit
~20 years

MapMyFitness

Acquired by Under Armour for $150M.

Built fitness-tracking apps that let users record, map, and analyze running, cycling, and other workouts.

Fitness CoachingSports HealthWearables
Sector
Consumer health
Country
United States
Founded
2007
Exit year
2013
Exit type
Acquisition
Time to exit
~6 years

LifeStance Health

IPO at ~$7.5B valuation.

Provided outpatient mental healthcare through clinics and telehealth for therapy and psychiatric care.

Mental HealthVirtual CarePatient Access
Sector
Healthcare services
Country
United States
Founded
2017
Exit year
2021
Exit type
IPO
Time to exit
~4 years

Caris Life Sciences

IPO at ~$5.8B valuation.

Developed molecular profiling and AI tools that helped guide personalized cancer treatment decisions.

OncologyPrecision MedicineMolecular Diagnostics
Sector
Diagnostics
Country
United States
Founded
2008
Exit year
2025
Exit type
IPO
Time to exit
~17 years

BioVex

Acquired by Amgen for up to $1B.

Developed oncolytic virus therapies designed to infect and destroy tumor cells while stimulating immunity.

OncologyImmuno-OncologyTherapeutics
Sector
Biotech
Country
United States
Founded
1997
Exit year
2011
Exit type
Acquisition
Time to exit
~14 years

Viralytics

Acquired by Merck for ~$394M.

Developed oncolytic virus immunotherapies designed to infect and kill cancer cells and stimulate immunity.

OncologyImmuno-OncologyTherapeutics
Sector
Biotech
Country
Australia
Founded
2001
Exit year
2018
Exit type
Acquisition
Time to exit
~17 years

ViraTherapeutics

Acquired by Boehringer Ingelheim for €210M.

Developed oncolytic virus therapies designed to trigger immune responses against solid tumors.

OncologyImmuno-OncologyTherapeutics
Sector
Biotech
Country
Austria
Founded
2013
Exit year
2018
Exit type
Acquisition
Time to exit
~5 years

Avidity Biosciences

IPO at ~$675.2M valuation. Later acquired by Novartis for ~$12B.

Developed antibody-oligonucleotide conjugates designed to deliver RNA medicines directly to muscle tissue.

RNA TherapeuticsGenetic MedicineDrug Delivery
Sector
Biotech
Country
United States
Founded
2012
Exit year
2020
Exit type
IPO + later acquisition
Time to exit
~8 years

Ancestry

IPO at ~$572M valuation. Later acquired by Blackstone for $4.7B.

Combined family-history records and consumer DNA testing to help people explore ancestry and genetic traits.

GenomicsBiomarkersPreventive Health
Sector
Consumer health
Country
United States
Founded
1983
Exit year
2009
Exit type
IPO + later acquisition
Time to exit
~26 years

Hinge Health

IPO at ~$2.6B valuation.

Provided digital musculoskeletal care using exercise therapy, sensors, and remote clinical support.

Physical TherapyDigital TherapeuticsChronic Care
Sector
Digital health
Country
United States
Founded
2014
Exit year
2025
Exit type
IPO
Time to exit
~11 years

Glycom

Acquired by Royal DSM for €765M.

Manufactured human milk oligosaccharides used to add breast-milk-like components to infant nutrition.

Infant HealthNutritionBio-Manufacturing
Sector
Consumer health
Country
Denmark
Founded
2005
Exit year
2020
Exit type
Acquisition
Time to exit
~15 years

Jennewein Biotechnologie

Acquired by Chr. Hansen for €310M.

Produced human milk oligosaccharides by fermentation for use in infant nutrition and health products.

Infant HealthNutritionBio-Manufacturing
Sector
Consumer health
Country
Germany
Founded
2005
Exit year
2020
Exit type
Acquisition
Time to exit
~15 years

Mead Johnson Nutrition

Acquired by Reckitt Benckiser for $16.6B.

Developed infant formula and pediatric nutrition products, including the Enfamil and Nutramigen brands.

Infant HealthNutritionPediatric Health
Sector
Consumer health
Country
United States
Founded
1905
Exit year
2017
Exit type
Acquisition
Time to exit
~112 years

Bamboo Therapeutics

Acquired by Pfizer for up to $645M.

Developed gene therapies and AAV vector technology for rare neuromuscular and neurological diseases.

Gene TherapyGenetic MedicineRare Disease
Sector
Biotech
Country
United States
Founded
2014
Exit year
2016
Exit type
Acquisition
Time to exit
~2 years

Itamar Medical

Acquired by ZOLL Medical for ~$538M.

Developed home sleep-apnea diagnostic devices that connected sleep testing with cardiovascular care.

Sleep MedicineMedical DevicesBiomarkers
Sector
Medtech
Country
Israel
Founded
1997
Exit year
2021
Exit type
Acquisition
Time to exit
~24 years

Medtech SA

IPO at ~€64.5M valuation. Later acquired by Zimmer Biomet for more than $132M.

Developed ROSA robotic systems that assisted surgeons with brain and spine procedures.

Medical RoboticsSurgical RoboticsNeurology
Sector
Medtech
Country
France
Founded
2002
Exit year
2013
Exit type
IPO + later acquisition
Time to exit
~11 years

JOTEC

Acquired by CryoLife for $225M.

Developed stent grafts and vascular surgical products used to repair diseases of the aorta.

Medical DevicesProvider WorkflowChronic Care
Sector
Medtech
Country
Germany
Founded
2000
Exit year
2017
Exit type
Acquisition
Time to exit
~17 years

Cylinder Health

Acquired by Hinge Health for $105M.

Offered virtual digestive care combining dietitian-led programmes and clinician support through employer health plans.

Virtual CareChronic CarePatient Engagement
Sector
Digital health
Country
United States
Founded
2015
Exit year
2026
Exit type
Acquisition
Time to exit
~11 years

Alesta Therapeutics

Acquired by BioMarin Pharmaceutical for up to $490M.

Developed an oral medicine for a rare inherited disease that leaves bones soft and easily broken.

Rare DiseaseTherapeuticsDrug Discovery
Sector
Biotech
Country
Netherlands
Founded
2021
Exit year
2026
Exit type
Acquisition
Time to exit
~5 years

CTRL-Labs

Acquired by Facebook for a reported $500M–$1B.

Developed a wrist-worn neural interface that translated nerve and muscle signals into computer controls.

NeurotechWearablesMedical Devices
Sector
Medtech
Country
United States
Founded
2015
Exit year
2019
Exit type
Acquisition
Time to exit
~4 years

Akero Therapeutics

Acquired by Novo Nordisk for up to $5.2B.

Developed efruxifermin, an FGF21 therapy for metabolic dysfunction-associated steatohepatitis.

TherapeuticsChronic CareDrug Discovery
Sector
Biotech
Country
United States
Founded
2017
Exit year
2025
Exit type
Acquisition
Time to exit
~8 years

89bio

Acquired by Roche for up to ~$3.5B.

Developed pegozafermin, an FGF21 therapy for metabolic liver disease and severe hypertriglyceridemia.

TherapeuticsChronic CareDrug Discovery
Sector
Biotech
Country
United States
Founded
2018
Exit year
2025
Exit type
Acquisition
Time to exit
~7 years

Aliada Therapeutics

Acquired by AbbVie for ~$1.4B.

Developed a blood-brain barrier delivery platform and an antibody therapy for Alzheimer’s disease.

Drug DeliveryNeurologyTherapeutics
Sector
Biotech
Country
United States
Founded
2021
Exit year
2024
Exit type
Acquisition
Time to exit
~3 years

PrecisionBiotics Group

Acquired by Novozymes for €80M (~$90M).

Developed clinically backed probiotic products and microbiome-based products for human gut health.

MicrobiomeNutritionPreventive Health
Sector
Consumer health
Country
Ireland
Founded
1999
Exit year
2020
Exit type
Acquisition
Time to exit
~21 years

UAS Laboratories

Acquired by Chr. Hansen for $530M.

Developed and manufactured clinically documented probiotic strains, blends and dietary supplements.

MicrobiomeNutritionBio-Manufacturing
Sector
Biotech
Country
United States
Founded
1979
Exit year
2020
Exit type
Acquisition
Time to exit
~41 years

Ablynx

Acquired by Sanofi for €3.9B (~$4.8B).

Developed Nanobody therapeutics, single-domain antibody medicines for rare and immune-mediated diseases.

TherapeuticsProtein DesignRare Disease
Sector
Biotech
Country
Belgium
Founded
2001
Exit year
2018
Exit type
Acquisition
Time to exit
~17 years

Merus

Acquired by Genmab for ~$8B.

Developed multispecific antibody therapies for cancer, including late-stage EGFR-targeted treatments.

OncologyImmuno-OncologyTherapeutics
Sector
Biotech
Country
Netherlands
Founded
2003
Exit year
2025
Exit type
Acquisition
Time to exit
~22 years

Araris Biotech

Acquired by Taiho Pharmaceutical for up to $1.14B.

Developed antibody-drug conjugation technology for attaching drug payloads to tumor-targeting antibodies.

OncologyDrug DeliveryTherapeutics
Sector
Biotech
Country
Switzerland
Founded
2019
Exit year
2025
Exit type
Acquisition
Time to exit
~6 years

Perch

Acquired by Catapult for up to $28M.

Developed camera-based strength-training technology that tracked athlete performance in real time.

Sports HealthFitness CoachingHealth AI
Sector
Digital health
Country
United States
Founded
2016
Exit year
2025
Exit type
Acquisition
Time to exit
~9 years

Limeade

Acquired by WebMD Health Services for ~A$112M (~$75M).

Built employee well-being software for health programs, engagement and organizational listening.

Preventive HealthPatient EngagementMental Health
Sector
Digital health
Country
United States
Founded
2006
Exit year
2023
Exit type
Acquisition
Time to exit
~17 years

Urban Sports Club

Acquired by Wellhub in a $600M deal.

Built a corporate fitness and wellness platform giving employees access to physical and digital activities.

Fitness CoachingPreventive HealthPatient Access
Sector
Consumer health
Country
Germany
Founded
2012
Exit year
2025
Exit type
Acquisition
Time to exit
~13 years

Dutch Ophthalmic Research Center

Acquired by Carl Zeiss Meditec for ~€985M (~$1.08B).

Developed ophthalmic surgical devices and systems for retinal, cataract and other eye procedures.

Medical DevicesProvider WorkflowMedical Imaging
Sector
Medtech
Country
Netherlands
Founded
1983
Exit year
2024
Exit type
Acquisition
Time to exit
~41 years

Antares Pharma

Acquired by Halozyme for ~$960M.

Developed autoinjector and drug-delivery devices alongside specialty pharmaceutical products.

Drug DeliveryMedical DevicesTherapeutics
Sector
Medtech
Country
United States
Founded
1979
Exit year
2022
Exit type
Acquisition
Time to exit
~43 years

Kyverna Therapeutics

IPO at ~$946M valuation.

Developed CAR-T cell therapies designed to reset the immune system in autoimmune diseases.

Cell TherapyAutoimmune DiseaseImmunology
Sector
Biotech
Country
United States
Founded
2018
Exit year
2024
Exit type
IPO
Time to exit
~6 years

Cabaletta Bio

IPO at ~$259M valuation.

Developed engineered T-cell therapies designed to selectively eliminate disease-causing B cells.

Cell TherapyAutoimmune DiseaseImmunology
Sector
Biotech
Country
United States
Founded
2017
Exit year
2019
Exit type
IPO
Time to exit
~2 years

Electra Therapeutics

IPO at ~$1.0B fully diluted market value.

Developed SIRP-targeted antibody medicines for immune-mediated diseases and cancer.

ImmunologyOncologyTherapeutics
Sector
Biotech
Country
United States
Founded
2018
Exit year
2026
Exit type
IPO
Time to exit
~8 years

Healthcare IT Leaders

Acquired by Kyndryl for up to $350M.

Provided healthcare IT consulting, managed services and workforce support for hospital clinical and business systems.

Provider WorkflowHealth AIClinical AI
Sector
Healthcare services
Country
United States
Founded
2011
Exit year
2026
Exit type
Acquisition
Time to exit
~15 years

MicroBiopharm Japan

Acquired by Gujarat Themis Biosyn for ¥21.5B.

Manufactured fermentation-derived pharmaceutical APIs and intermediates for global drug companies.

Bio-ManufacturingTherapeuticsDrug Discovery
Sector
Biotech
Country
Japan
Founded
2011
Exit year
2026
Exit type
Acquisition
Time to exit
~15 years

ADARx Pharmaceuticals

IPO at ~$1.81B market capitalization.

Developed next-generation siRNA medicines for complement-mediated, rare and other diseases.

RNA TherapeuticsRare DiseaseTherapeutics
Sector
Biotech
Country
United States
Founded
2019
Exit year
2026
Exit type
IPO
Time to exit
~7 years

Actis Generics

Acquired by RPG Active Pharma for ₹80 crore.

Manufactured active pharmaceutical ingredients and complex intermediates for generic and innovator drug companies.

Bio-ManufacturingBioprocessingTherapeutics
Sector
Biotech
Country
India
Founded
2012
Exit year
2026
Exit type
Acquisition
Time to exit
~14 years

Actio Biosciences

Acquired by Jazz Pharmaceuticals for $820M upfront and up to $1.32B.

Developed oral medicines designed to control seizures in a rare childhood epilepsy caused by a single gene fault.

Rare DiseaseNeurologyTherapeutics
Sector
Biotech
Country
United States
Founded
2021
Exit year
2026
Exit type
Acquisition
Time to exit
~5 years

Forty Seven, Inc.

Acquired by Gilead for $4.9B.

Developed CD47-blocking cancer immunotherapies designed to activate macrophages against tumors.

OncologyImmuno-OncologyTherapeutics
Sector
Biotech
Country
United States
Founded
2014
Exit year
2020
Exit type
Acquisition
Time to exit
~6 years

MatTek

Acquired by CELLINK for ~$72M.

Developed and manufactured human cell-based 3D tissue models and primary cells used for in vitro testing as alternatives to animal studies.

Drug DiscoveryLab Instruments
Sector
Biotech
Country
United States
Founded
1985
Exit year
2021
Exit type
Acquisition
Time to exit
~36 years

Genoox

Acquired by QIAGEN for $70M upfront and up to $80M.

Built AI-powered software that helped clinical laboratories interpret genomic sequencing data.

GenomicsClinical AIPrecision Medicine
Sector
Diagnostics
Country
Israel
Founded
2014
Exit year
2025
Exit type
Acquisition
Time to exit
~11 years

Fabric Genomics

Acquired by GeneDx for ~$33M upfront, up to $51M.

Built software for genomic analysis and clinical interpretation, including inherited-disease and rapid-diagnosis workflows.

GenomicsRare DiseaseClinical AI
Sector
Diagnostics
Country
United States
Founded
2009
Exit year
2025
Exit type
Acquisition
Time to exit
~16 years

RxKinetix

Acquired by Endo for $20.5M upfront plus up to $95M in milestones.

Developed topical medicines to prevent oral mucositis in patients receiving cancer treatment.

Supportive OncologyTherapeuticsDrug Delivery
Sector
Biotech
Country
United States
Founded
1996
Exit year
2006
Exit type
Acquisition
Time to exit
~10 years

Scienion

Acquired by CELLINK for €80M.

Developed precision liquid-dispensing instruments for life-science research, diagnostics and high-throughput production.

Lab InstrumentsBioprocessingDiagnostics
Sector
Medtech
Country
Germany
Founded
2001
Exit year
2020
Exit type
Acquisition
Time to exit
~19 years

ImmunoGen

Acquired by AbbVie for ~$10.1B.

Developed antibody-drug conjugates for cancer, including the ovarian-cancer therapy ELAHERE.

OncologyDrug DeliveryTherapeutics
Sector
Biotech
Country
United States
Founded
1981
Exit year
2024
Exit type
Acquisition
Time to exit
~43 years

Chinook Therapeutics

Acquired by Novartis for $3.2B upfront and up to $3.5B.

Developed precision medicines for kidney diseases, including late-stage treatments for IgA nephropathy.

Kidney DiseaseTherapeuticsDrug Discovery
Sector
Biotech
Country
United States
Founded
2019
Exit year
2023
Exit type
Acquisition
Time to exit
~4 years

BAM Labs

Remaining 82% acquired by Select Comfort for ~$58M.

Developed biometric sensors and sleep-monitoring technology embedded in beds.

Sleep MedicineMedical DevicesBiomarkers
Sector
Medtech
Country
United States
Founded
2006
Exit year
2015
Exit type
Acquisition
Time to exit
~9 years

Paige

Acquired by Tempus AI for $81.25M.

Developed AI software for digital pathology to support cancer diagnosis, biomarker discovery and research.

Clinical AIOncologyMedical Imaging
Sector
Digital health
Country
United States
Founded
2017
Exit year
2025
Exit type
Acquisition
Time to exit
~8 years

Sonio

Acquired by Samsung Medison for ~$92.4M.

Developed AI-assisted obstetric ultrasound reporting and image-quality software for prenatal care.

Medical ImagingClinical AIWomen's Health
Sector
Diagnostics
Country
France
Founded
2020
Exit year
2024
Exit type
Acquisition
Time to exit
~4 years

Kaia Health

Acquired by Sword Health in a $285M deal.

Provided app-based digital therapy for musculoskeletal and pulmonary conditions using exercise, coaching and computer vision.

Physical TherapyDigital TherapeuticsChronic Care
Sector
Digital health
Country
Germany
Founded
2016
Exit year
2026
Exit type
Acquisition
Time to exit
~10 years

Capstan Therapeutics

Acquired by AbbVie for ~$2.1B.

Developed targeted lipid nanoparticles that delivered RNA to engineer immune cells inside the body.

Cell TherapyRNA TherapeuticsAutoimmune Disease
Sector
Biotech
Country
United States
Founded
2021
Exit year
2025
Exit type
Acquisition
Time to exit
~4 years

FlowSense

Acquired by Baxter for ~$9.5M.

Developed continuous urine-output monitoring systems for hospital patients.

Medical DevicesProvider WorkflowKidney Disease
Sector
Medtech
Country
Israel
Founded
2009
Exit year
2013
Exit type
Acquisition
Time to exit
~4 years

Harvest Technologies

Acquired by Terumo for $70M upfront plus up to $35M in milestones.

Developed point-of-care systems that concentrated platelets and bone-marrow cells for regenerative procedures.

Medical DevicesCell TherapyProvider Workflow
Sector
Medtech
Country
United States
Founded
1997
Exit year
2011
Exit type
Acquisition
Time to exit
~14 years

Dermira

Acquired by Eli Lilly for ~$1.1B.

Developed medicines for chronic skin diseases, including atopic dermatitis and excessive sweating.

DermatologyTherapeuticsImmunology
Sector
Biotech
Country
United States
Founded
2010
Exit year
2020
Exit type
Acquisition
Time to exit
~10 years

Akili

Acquired by Virtual Therapeutics in a deal reported at ~$34M.

Developed video-game-based digital treatments for attention and cognitive conditions, including ADHD.

Pediatric HealthDigital TherapeuticsMental Health
Sector
Digital health
Country
United States
Founded
2011
Exit year
2024
Exit type
Acquisition
Time to exit
~13 years

GlycoVaxyn

Acquired by GSK at a ~$212M valuation.

Developed bacterial conjugate vaccines using a biological glycoengineering platform.

Infectious DiseaseImmunologyBio-Manufacturing
Sector
Biotech
Country
Switzerland
Founded
2004
Exit year
2015
Exit type
Acquisition
Time to exit
~11 years

Affinivax

Acquired by GSK for $2.1B upfront plus up to $1.2B in milestones.

Developed multivalent bacterial vaccines using its Multiple Antigen Presenting System platform.

Infectious DiseaseImmunologyBio-Manufacturing
Sector
Biotech
Country
United States
Founded
2014
Exit year
2022
Exit type
Acquisition
Time to exit
~8 years

Acelity

Acquired by 3M for ~$6.7B enterprise value.

Developed advanced wound-care systems and dressings, including negative-pressure wound therapy.

Wound CareMedical DevicesProvider Workflow
Sector
Medtech
Country
United States
Founded
1976
Exit year
2019
Exit type
Acquisition
Time to exit
~43 years

Guardant Health

Raised ~$273.1M gross in its 2018 IPO.

Developed blood-based genomic tests for cancer detection, profiling and treatment selection.

Molecular DiagnosticsOncologyPrecision Medicine
Sector
Diagnostics
Country
United States
Founded
2012
Exit year
2018
Exit type
IPO
Time to exit
~6 years

Microba

IPO at ~A$123.4M market capitalization.

Provided gut-microbiome testing and analytics while developing microbiome-derived therapeutics.

MicrobiomeMolecular DiagnosticsPrecision Medicine
Sector
Diagnostics
Country
Australia
Founded
2017
Exit year
2022
Exit type
IPO
Time to exit
~5 years

CymaBay Therapeutics

Acquired by Gilead for ~$4.3B.

Developed medicines for chronic liver diseases, including seladelpar for primary biliary cholangitis.

Liver DiseaseTherapeuticsDrug Discovery
Sector
Biotech
Country
United States
Founded
1988
Exit year
2024
Exit type
Acquisition
Time to exit
~36 years

Optos

Acquired by Nikon for ~£259.3M.

Developed ultra-widefield retinal imaging systems for eye screening and clinical assessment.

Medical ImagingMedical DevicesPreventive Health
Sector
Medtech
Country
United Kingdom
Founded
1992
Exit year
2015
Exit type
Acquisition
Time to exit
~23 years

Heartflow

Raised ~$364.2M gross in its 2025 IPO.

Developed AI software that analyzed coronary CT scans to diagnose and manage coronary artery disease.

CardiovascularMedical ImagingClinical AI
Sector
Digital health
Country
United States
Founded
2007
Exit year
2025
Exit type
IPO
Time to exit
~18 years

Specific Diagnostics

Acquired by bioMérieux for ~$407M.

Developed rapid phenotypic antimicrobial-susceptibility testing directly from positive blood cultures.

Molecular DiagnosticsInfectious DiseaseAntimicrobial Resistance
Sector
Diagnostics
Country
United States
Founded
2011
Exit year
2022
Exit type
Acquisition
Time to exit
~11 years

BioFire Diagnostics

Acquired by bioMérieux for $450M.

Developed multiplex PCR systems that rapidly identified infectious organisms from patient samples.

Molecular DiagnosticsPoint-Of-Care DiagnosticsInfectious Disease
Sector
Diagnostics
Country
United States
Founded
1990
Exit year
2014
Exit type
Acquisition
Time to exit
~24 years

DNA Genotek

Acquired by OraSure for C$50M (~US$50.7M).

Developed oral-fluid sample collection and stabilization products for molecular and genomic testing.

GenomicsMolecular DiagnosticsPrecision Medicine
Sector
Diagnostics
Country
Canada
Founded
1998
Exit year
2011
Exit type
Acquisition
Time to exit
~13 years

Cytyc

Combined with Hologic for ~$6.2B.

Developed women's-health diagnostic and medical products, including cervical-screening technology.

Women's HealthMolecular DiagnosticsMedical Devices
Sector
Diagnostics
Country
United States
Founded
1987
Exit year
2007
Exit type
Acquisition
Time to exit
~20 years

Mantle Therapeutics

Acquired by Lexeo Therapeutics for $8.3M upfront and up to $21.3M.

Developed therapies designed to restore frataxin and treat rare neurological diseases including Friedreich ataxia.

Rare DiseaseNeurologyTherapeutics
Sector
Biotech
Country
United States
Founded
2023
Exit year
2026
Exit type
Acquisition
Time to exit
~3 years

TIMS Medical

Acquired by Ambu for $45M upfront and up to $65M.

Built hardware and software that let clinicians record, edit, archive and review medical images during procedures, with a system widely used in ENT care.

Medical ImagingProvider WorkflowMedical Devices
Sector
Medtech
Country
United States
Founded
2004
Exit year
2026
Exit type
Acquisition
Time to exit
~22 years

Convergent Genomics

Acquired by Veracyte for $150M in cash and up to $180M with earnout.

Developed a urine test that tracked bladder cancer DNA to monitor patients after treatment.

Molecular DiagnosticsOncologyPrecision Medicine
Sector
Diagnostics
Country
United States
Founded
2015
Exit year
2026
Exit type
Acquisition
Time to exit
~11 years

VitalConnect

Acquired by iRhythm Technologies for ~$287.5M.

Developed wearable biosensor patches that monitored heart rhythm and up to 11 vital signs for up to 30 days, in hospital and at home.

WearablesMedical DevicesCardiovascular
Sector
Medtech
Country
United States
Founded
2011
Exit year
2026
Exit type
Acquisition
Time to exit
~15 years

TRexBio

IPO at ~$384.2M market capitalization.

Developed medicines that act on the immune system's regulatory cells inside tissues to treat autoimmune and inflammatory diseases.

Autoimmune DiseaseImmunologyTherapeutics
Sector
Biotech
Country
United States
Founded
2018
Exit year
2026
Exit type
IPO
Time to exit
~8 years

BioLife Solutions

Acquired by Repligen for ~$1.5B enterprise value.

Developed biopreservation media and cell-processing tools used in cell and gene therapy manufacturing workflows.

Cell TherapyBioprocessingLife Science Tools
Sector
Biotech
Country
United States
Founded
1987
Exit year
2026
Exit type
Acquisition
Time to exit
~39 years

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