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Mpex Pharmaceuticals

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Mpex Pharmaceuticals is focused on developing new therapies to fight the growing issue of antibiotic resistance

San Diego, United StatesFounded 2001Biotech & Life Sciences
Valuation $100–250M Last recorded · 2009
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Mpex Pharmaceuticals

Mpex Pharmaceuticals, Inc. operated as a clinical-stage biopharmaceutical company, founded in 2001 with a focus on developing new therapies to address the challenge of antibiotic resistance. The company was established by Bill Gerhart, who served as President and CEO from 2002 to 2007. His journey began when he was tasked with evaluating a struggling biotech startup; although he recommended its closure, he identified a scientific opportunity that led to the formation of Mpex.

The company's core business was the discovery and development of antibacterial drugs for multi-drug resistant bacterial pathogens, particularly Gram-negative organisms. Mpex's primary market consisted of patients with chronic respiratory infections, such as those with cystic fibrosis (CF) and chronic obstructive pulmonary disease (COPD). The business model centered on advancing proprietary drug candidates through clinical trials to eventually achieve regulatory approval and commercialization. A key part of its strategy involved reformulating previously approved antibiotics for new delivery methods.

Mpex's most advanced product candidate was Aeroquin™ (also known as MP-376), a proprietary aerosol formulation of the antibiotic levofloxacin. This product was designed for administration via a high-efficiency nebulizer to deliver high concentrations of the antibiotic directly to the lungs, aiming to increase efficacy and reduce the selection of bacterial resistance compared to other delivery routes. The company advanced Aeroquin™ into Phase 3 clinical trials for treating pulmonary infections in CF patients. In addition to its lead product, Mpex had other antibiotic programs, including a collaboration with GlaxoSmithKline to develop drug candidates using its efflux pump inhibitor (EPI) technology, which aimed to restore the effectiveness of existing antibiotics against resistant bacteria.

In April 2011, an agreement was announced for Axcan to acquire Mpex Pharmaceuticals. The acquisition was completed on August 31, 2011, by which time Axcan had been renamed Aptalis Pharma. The deal included an upfront payment, with further payments contingent on regulatory and commercial milestones. Following the acquisition, assets not related to Aeroquin™ were spun out into a new, separate company. Aeroquin was later commercialized under the brand name Quinsair.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2001
Headquarters
San Diego, United States
Employees
5
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, DT and LS, science-based

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES DOther financing Feb 2009 $28M $110M Undisclosed —
SERIES BOther financing Aug 2005 $32M $128M Western States Investment Group · SV Health Investors · Adams Street Partners · Charitable Leadership Foundation —
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Investments and acquisitions

Capital deployed

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

Investors

7 investors on the cap table

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

Series A6 investors entered at this stage

  • SV Health Investors
  • HBM Healthcare Investments
  • Western States Investment Group
  • Adams Street Partners
  • Charitable Leadership Foundation
  • Aberdare Ventures

Other known investors1 additional known investor

  • RiverVest Venture Partners
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
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 States · San Diego HQ
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Market sentiment

Posts on X, past 7 days

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