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Vitae Pharmaceuticals
A clinical-stage biopharmaceutical company building a portfolio of novel, small molecule, best-in-class compounds
About Vitae Pharmaceuticals
Vitae Pharmaceuticals, founded in 2001, operated as a clinical-stage biopharmaceutical company focused on developing drugs for diseases with significant unmet medical needs. In September 2016, Allergan plc announced its definitive agreement to acquire Vitae Pharmaceuticals for approximately $639 million, a deal that was finalized in October of the same year. The acquisition was a strategic move for Allergan to bolster its dermatology product pipeline.
The company's core asset was its proprietary structure-based drug design platform, Contour®, which was engineered to discover product candidates for therapeutic targets that have traditionally been challenging for the biopharmaceutical industry. This platform allowed Vitae's research and development team to create first-in-class compounds by addressing difficulties related to potency, selectivity, and pharmacokinetics. The business model centered on the discovery and early-stage development of novel small-molecule drugs. By leveraging the Contour® platform, Vitae aimed to generate a portfolio of promising candidates to either advance through clinical trials or partner with larger pharmaceutical companies.
At the time of its acquisition, Vitae's pipeline included several key assets targeting autoimmune and inflammatory diseases. A prominent candidate was VTP-43742, a first-in-class, orally active RORγt inhibitor intended for the treatment of psoriasis and other autoimmune disorders. Another significant product in development was VTP-38543, a topical LXRβ selective agonist for atopic dermatitis, designed to reduce inflammation and repair damaged skin tissue. Beyond dermatology, the company's pipeline also showed potential in other areas, with a Phase I-ready BACE inhibitor for Alzheimer's disease. The acquisition by Allergan provided the resources and expertise needed to further develop and commercialize these dermatological treatments.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2001
- Headquarters
- Upper Merion Township, United States
- Employees
- 18
- Open positions
- None listed
- Dealroom signal
- 59.2/100
- Industry
- Health
- Sub-industry
- Pharmaceutical, BioTechnology
- Sector
- Biotech & Life Sciences, Testing, Biotechnology, Biotech and Pharma, Hard Tech, medical testing, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Sep 2016 | $639M | $639M | Allergan | — |
| IPO✓Exit | Sep 2014 | $65M | $198M | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Vitae Pharmaceuticals is 110 monthly website visits. Vitae Pharmaceuticals's team grew 0% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later2 investors entered at this stage
Wellcome Trust
Atlas Venture
Other known investors2 additional known investors
Allergan
Foresite Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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