Formation Bio
Formation Bio (formerly TrialSpark) is a New York pharmaceutical company that acquires and in-licenses clinical-stage drug candidates, many of them stalled or shelved by their original owners, and uses AI and centralised clinical operations to develop them faster before licensing them to large drugmakers.
Analytics date: 09.11.2026
Basic information
Head office
16 East 34th Street, Floor 10, New York, NY 10016, United StatesHead officeGeography of business
United States of AmericaGeography of businessDate of the last round
Last round 06/2024Date of the last roundTotal funds raised
$615.8M+Total funds raisedPrice per share
$8.18Price per sharePrice per share. Based on the latest known transaction. It is not an offer or investment recommendation.
Analytics date: 09.11.2026
The ratio of valuation to investment among companies in the sector
The histogram shows the ratio of the companies’ value to the sum of investments received (= valuation / investment). The post-money valuation of the last round is used as the companies’ value. The volume of investments is the amount of funds raised by the company during all rounds + debt financing. The histogram shows the coefficient obtained by dividing the value of the company by the sum of investments received by it. Accordingly, the higher the coefficient, the better: the less money the company needed to achieve its valuation. The companies on the histogram are arranged in descending order of the coefficient.
