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Diurnal

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Specialty pharmaceutical developing hormone therapeutics for endocrine diseases

Cardiff, United KingdomFounded 2004Biotech & Life Sciences
Valuation $36M Market cap · 2022
Revenue $6.2M Latest reported FY

About Diurnal

Diurnal, a UK-based specialty pharmaceutical company founded in 2004, develops hormone therapeutics for chronic and rare endocrine diseases. In November 2022, Diurnal was acquired by Neurocrine Biosciences, a US-based biopharmaceutical company, for approximately £48.3 million ($56.5 million). The acquisition was intended to leverage Neurocrine's resources to accelerate the development of Diurnal's portfolio and establish a commercial presence for Neurocrine in Europe.

The company focuses on creating products that mimic the body's natural circadian rhythms to address unmet needs in hormone replacement. Its business model centers on developing and commercializing treatments for conditions resulting from cortisol and testosterone deficiencies. Diurnal's approach involves using approved drug substances with modified delivery systems, which helps to de-risk and shorten the development process.

Diurnal has two key commercial-stage products. Alkindi® (marketed as Alkindi Sprinkle in the US) is an immediate-release hydrocortisone formulation specifically designed for pediatric patients with adrenal insufficiency (AI), including congenital adrenal hyperplasia (CAH). It offers age-appropriate, taste-masked dosing for neonates, infants, and children. Efmody® is a modified-release hydrocortisone capsule for treating adolescents and adults with CAH. The company's pipeline has also included treatments for hypogonadism and hypothyroidism.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2004
Headquarters
Cardiff, United Kingdom
Listing
IPO 2015
Employees
48
Open positions
None listed
Dealroom signal
43.0/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Disease, Biotech and Pharma, Hard Tech, Horizon Europe, DT and LS, uk is8 life sciences, UKSU
Business model
Manufacturing
Client focus
b2b

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
Other✓Other financing Dec 2025 $53M — Undisclosed ↗
ACQUISITION✓Exit Aug 2022 $57M $57M Neurocrine Biosciences ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMarginR&D
2026 $6.2M 0% −$40M -643.1% $5.5M 89% $7.7M
2025 $6.2M 0% −$40M -643.1% $5.5M 89% $7.7M
2024 $6.2M 0% −$40M -643.1% $5.5M 89% $7.7M
2023 $6.2M 0% −$40M -643.1% $7.7M
2022 $6.2M +7.2% −$40M -643.1%
2021 $5.8M -35.5% −$14M -249.5%
2020 $9M — −$5.5M -61.5%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Diurnal website traffic

Latest recorded traffic for Diurnal is 1.1K monthly website visits, up 66.7% over the last three months. Diurnal's team grew 4.3% over the past year.

Latest monthly visits1.1K 3-month web change+66.7% 1-year team growth+4.3%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Fusion IP
  • Finance Wales
  • IP Group

Other known investors2 additional known investors

  • Neurocrine Biosciences
  • University of Sheffield
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇬🇧 United Kingdom · Cardiff HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Diurnal on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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