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 States
Head office
Geography of business
United States of America
- United States of America
Geography of business
Date of the last round
Last round 06/2024
Date of the last round
Total funds raised
$615.8M+
Total funds raised
Price per share
$8.18
Price per share
Price per share. Based on the latest known transaction. It is not an offer or investment recommendation.

Analytics date: 09.11.2026

Industry analysis

Request price

Invest confidently with an EU ISIN

Invest from 1k

A partner project by Sky Cliff and Cometum

Competitor analysis

Leaders in the ratio of valuation to investment

The histogram shows the ratio of the company's value to the volume of investments received. The post-money estimate of the last round is taken as the cost of the company. 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 amount 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.

Growth rates of companies in the sector

This chart illustrates the progression of private companies' official valuations over time. The post-money valuation of the company during each official financing round is depicted. Each data point represents an investment round, with the company's valuation expressed in US dollars. The timeline is displayed in quarters. By default, the most recent quarters are visible, but you can navigate to earlier periods using the left scroll. To view the chart in full screen, utilize the chart submenu options.