Revolution Medicines

Revolution Medicines

Discovers and develops new drugs that harness the therapeutic potential of frontier oncology targets on behalf of cancer patients. Learn more

Launch date
Employees
Market cap
AUD11.3b
Enterprise valuation
AUD9.0b (Public information from Sep 2024)
Redwood City California (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues43.0m29.4m35.4m11.6m1.6m3.2m21.9m
% growth(14 %)(32 %)20 %(67 %)(86 %)100 %577 %
EBITDA(108m)(187m)(249m)(430m)(637m)(715m)(777m)
% EBITDA margin(252 %)(637 %)(704 %)(3716 %)(39474 %)(22139 %)(3550 %)
Profit(108m)(187m)(249m)(436m)(566m)(666m)(694m)
% profit margin(252 %)(637 %)(703 %)(3768 %)(35034 %)(20604 %)(3170 %)
EV / revenue61.1x43.5x41.5x247.6x3586.4x1971.5x304.1x
EV / EBITDA-24.2x-6.8x-5.9x-6.7x-9.1x-8.9x-8.6x
R&D budget132m187m253m423m---
R&D % of revenue308 %636 %715 %3654 %---

Source: Dealroom estimates

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DateInvestorsAmountRound
N/A

$45.0m

Series A
N/A

$25.0m

Series A

$56.0m

Series B

$100m

Series C
N/A

N/A

IPO
*
N/A

$179m

Post IPO Equity
*
N/A

$261m

Post IPO Equity
*
N/A

$230m

Post IPO Equity
*
N/A

$300m

Post IPO Equity
*

N/A

Post IPO Equity
Total FundingAUD349m

Recent News about Revolution Medicines

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More about Revolution Medicinesinfo icon
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Revolution Medicines, accessible via revmed.com, is a cutting-edge biotechnology startup focused on developing innovative treatments for cancers driven by RAS gene mutations. These mutations are a common cause of cancer, making this a critical area of research and development. The company operates in the highly specialized field of oncology, specifically targeting what they term "RAS addicted cancers."

Revolution Medicines serves a niche but significant market: patients suffering from cancers that are particularly difficult to treat due to RAS mutations. This includes various types of cancers such as pancreatic, colorectal, and lung cancers. The company's primary clients are healthcare providers and institutions that treat these patients, including hospitals, cancer treatment centers, and specialized oncology clinics.

The business model of Revolution Medicines revolves around the research, development, and commercialization of targeted cancer therapies. They are pioneering a portfolio of RASON Inhibitors, which are designed to specifically target and inhibit the activity of RAS proteins that drive cancer growth. Their innovative Tri Complex Inhibitor platform is at the core of this development, allowing them to create highly specialized treatments.

Revolution Medicines generates revenue through multiple streams. Primarily, they earn money by licensing their drug candidates to larger pharmaceutical companies, entering into partnerships for co-development, and eventually through the direct sale of approved therapies. Additionally, they may receive milestone payments and royalties based on the success and sales of their licensed products.

In summary, Revolution Medicines is a biotech firm dedicated to transforming cancer treatment through targeted therapies for RAS-driven cancers. Their innovative approach and specialized focus position them uniquely in the oncology market.

Keywords: biotechnology, oncology, RAS mutations, cancer treatment, targeted therapies, RASON Inhibitors, Tri Complex Inhibitor, drug development, Redwood City, innovative medicine.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Revolution Medicines

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Warp Drive Bio
ACQUISITION by Ginkgo Bioworks May 2019
EQRx
ACQUISITION by Revolution Medicines Aug 2023