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ACCELERON PHARMA INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 4, 2021. Its latest SEC filing is a 15-12B from Dec 2, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Developed therapeutics for serious and rare diseases, including REBLOZYL for certain blood disorders and candidates for pulmonary diseases.

How Did They Make Money?

Collaboration partners paid upfront fees, milestone payments when development events were reached, research and development reimbursements, and royalties on future product sales; the company also earned revenue from licenses and research services.

revenue

Who Were Their Customers?

Worked with pharmaceutical collaboration partners, including Bristol Myers Squibb, through licensing, research and development, and commercialization agreements. Partners paid fees, milestone amounts, research reimbursements and royalties.

Did Revenues Turn Into Profits?

No. It lost $166M in .

Operating income,
−181% of revenue
▲ +23% (Loss) vs (−$136.4M, −184%)
Net income,
−179% of revenue
▲ +33% (Loss) vs (−$124.9M, −169%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Sep 30, 2021
Revenue
▲ +52%
vs $22.6M in Q3 FY2020
Net income
▲ +80% (Loss)
vs −$39.2M in Q3 FY2020
  • Nov 22, 2021 Merck completed its acquisition of Acceleron The merger converted each eligible share into a right to receive cash consideration.

Grew. Revenue grew 3.3x in 4 years, from $27.8M in to $92.5M in , about 35% a year.

REBLOZYL reaches commercialization REBLOZYL went from a clinical-stage program to the company's first commercial product, approved for certain adults with beta-thalassemia or MDS.

Therapeutic focus changes The stated focus moves from hematologic, neuromuscular and pulmonary research to pulmonary and hematology commercialization, research and development.

Who Did They Compete With?

Competes with Novartis, Bluebird bio, Orchard Therapeutics, Sangamo BioSciences, Sanofi, CRISPR Therapeutics, Vertex, Agios Pharmaceuticals, Janssen Pharmaceuticals, BMS, Fibrogen, Onconova, Geron, Apogenix, Keros Therapeutics, Sierra Oncology, Gilead, Constellation Pharmaceuticals, Eli Lilly, and Pfizer

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