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Phathom Pharmaceuticals

Biotech & Life Sciences · Florham Park, United States · Founded 2018 · IPO 2019

Phathom Pharmaceuticals is a biopharmaceutical company MoreLess

Phathom Pharmaceuticals is a biopharmaceutical company dedicated to developing and commercializing innovative treatments for acid-related gastrointestinal disorders. The company primarily serves adult patients suffering from conditions such as Erosive Esophagitis and heartburn. Operating in the healthcare and pharmaceutical market, Phathom Pharmaceuticals leverages its expertise to bring new therapeutic options to patients who need them most. The company's business model revolves around the research, development, and commercialization of prescription medicines, with its flagship product being VOQUEZNA (vonoprazan). This product is designed to heal acid-related damage to the esophagus and provide relief from heartburn. Phathom Pharmaceuticals generates revenue through the sale of its prescription medications, targeting healthcare providers and patients as its primary clients. The company is committed to ethical business practices and compliance with all applicable laws and regulations.

Keywords: biopharmaceutical, gastrointestinal, Erosive Esophagitis, heartburn, VOQUEZNA, vonoprazan, healthcare, innovation, treatment, compliance.

Valuation $703M
Revenue $320M
EBITDA $12M
Total funding $50–100M

Company overview

Phathom Pharmaceuticals company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2018
Headquarters
Florham Park, United States
Employees
433
Open positions
31
Dealroom signal
75.4
client focusb2csub industryBioTechnologybusiness modelManufacturingindustryHealthsectorBiotechnologysectorBiotech and PharmasectorHard TechsectorDT and LSsectorscience-based

Valuation & funding

Phathom Pharmaceuticals funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITYOther financing Aug 2024 $130M Undisclosed
POST IPO EQUITYOther financing May 2023 $131M Undisclosed
POST IPO DEBTDebt Nov 2022 $40M NovaQuest Capital Management · Sagard · Hercules Capital
POST IPO DEBTDebt Sep 2021 $200M Hercules Capital
IPOExit Oct 2019 $0 Undisclosed
EARLY VCEquity / VC May 2019 Frazier Healthcare Partners
Showing 6 recorded eventsUnlock the complete deal history →

Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMarginProfitMarginR&D
2026 $317M +80.8% $12M 3.9% −$64M -20.3% $33M
2025 $175M +216.9% −$152M -87.1% −$221M -126.3% $33M
2024 $55M +8001.5% −$262M -473.3% −$334M -605.1% $34M
2023 $682K −$159M -23321% $50M
2022 $0 −$170M
2021 −$137M
2020 −$125M
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

Phathom Pharmaceuticals website traffic

Latest recorded traffic for Phathom Pharmaceuticals is 7.4K monthly website visits, down 22.1% over the last three months. Phathom Pharmaceuticals's team grew 8.8% over the past year.

Latest monthly visits7.4K 3-month web change-22.1% 1-year team growth+8.8%
Monthly website visits75 observations · Feb 2020–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Phathom Pharmaceuticals compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Phathom Pharmaceuticals's talent

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Team profiled 9 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.

Investors

10 investors on Phathom Pharmaceuticals's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 1 investor entered at this stage
Frazier Healthcare Partners
Series B+ 3 investors entered at this stage
Hercules Capital
NovaQuest Capital Management
Sagard
Other known 6 additional known investors
Abingworth
Catalys Pacific
Frazier Life Sciences
RA Capital Management
Sahsen Ventures
Takeda

Global footprint

Where Phathom Pharmaceuticals has talent and traffic

Workforce by country
2 countries with
team presence
🇺🇸 United States99.7%
🇫🇷 France0.3%
2 countries shown

In the news

Latest news about Phathom Pharmaceuticals

Recent press, funding announcements, and product moves mentioning Phathom Pharmaceuticals — open to read from the original sources.

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Market sentiment

What the market is saying about Phathom Pharmaceuticals

An AI-synthesized read of the highest-engagement posts about Phathom Pharmaceuticals on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

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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