Vitae Pharmaceuticals

Acquired

Public · Fort Washington, United States · Founded 2001 · $34.0M raised

Employees
51–200
Founded
2001
Business Model
B2B
Total Funding
$34.0M
Last Round
$34.0M Venture RoundJan 2011
Rounds
2
Type
Public

About

Vitae Pharmaceuticals (formerly Concurrent Pharmaceuticals) was a clinical-stage biopharmaceutical company founded in 2001 and headquartered in Fort Washington, Pennsylvania. The company pioneered structure-based and computational drug design, using its proprietary Contour platform to discover and develop novel small molecule therapeutics targeting difficult-to-drug proteins. Vitae built a portfolio of first-in-class drug candidates across therapeutic areas including dermatology, inflammation, and metabolic diseases. The company was publicly traded on the Nasdaq as VTAE and raised over $150 million before being acquired by Allergan in October 2016 for approximately $639 million. Its lead dermatology assets were integrated into Allergan's pipeline. One of its discovered compounds, revumenib (Revuforj), later received FDA approval in 2024 for acute leukemia.

Summary

Vitae Pharmaceuticals is a Biotech company based in Fort Washington, United States, founded in 2001. It has raised $34.0M in total across 2 rounds, most recently a $34.0M Venture Round round in Jan 2011. Investors include Allergan, Atlas Venture and Venrock.

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Funding History

AcquisitionAug 2016

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