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Principia Biopharma Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 6, 2020. Its latest SEC filing is a SC 13G/A from Feb 16, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Develops oral and topical small-molecule drug candidates for people with immune-mediated diseases, including conditions affecting the skin, blood and central nervous system.

How Did They Make Money?

Receives upfront license fees when rights are transferred, milestone payments when development, regulatory or commercial milestones are achieved, and royalties tied to partner product sales.

FY2019 revenue

Who Were Their Customers?

Sanofi holds an exclusive license to develop PRN2246/SAR442168 and is responsible for its further clinical development. Principia also had a collaboration with AbbVie, which ended.

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▲ +67%
vs $30M in Q2 FY2019
Net income
▲ +52%
vs $7.1M in Q2 FY2019
  • Sep 28, 2020 Sanofi completed its acquisition of Principia A Sanofi subsidiary merged into Principia, which became a wholly owned subsidiary of Sanofi.
  • Aug 17, 2020 Sanofi agreed to acquire Principia for cash The proposed cash tender offer was $100.00 per share.

Who Did They Compete With?

Competes with AbbVie, AstraZeneca, Biogen, Bristol-Myers Squibb, Genentech, Gilead, Innocare, Merck KGaA, Novartis, and Taiho

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