Cerevel Therapeutics

Boston, United States Founded: 2018 • Age: 8 yrs Acquired By AbbVie
Therapeutics for neurological and neuropsychiatric disorders are developed.

About Cerevel Therapeutics

Cerevel Therapeutics is a Healthcare company based in Boston (United States) founded in 2018, and was acquired by AbbVie in December 2023. Therapeutics for neurological and neuropsychiatric disorders are developed. The company has 199 employees. Its chief executive, as recorded, is Tony Coles. Its focus areas include Life Sciences, Neurology, Drugs and Diversified. Its competitors include Kriya Therapeutics, Sana Biotechnology and PureTech Health; 3 of its 3 listed competitors have raised funding.

Company details

Cerevel Therapeutics was founded in 2018 and is headquartered in Boston, United States. Focus is placed on the biotechnology sector, where small-molecule therapeutics are advanced for neurological and neuropsychiatric conditions. A dopamine D1 agonist and GABA A positive modulator are targeted at Parkinsons Disease. CVL-871 addresses dementia-related apathy, and CVL-865 is directed toward epilepsy and anxiety disorders.

  • Headquarters Boston, United States
  • Employees 199
  • Stage Acquired
  • Sectors
    Healthcare
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website cerevel.com
  • Social LinkedIn X Facebook
  • Acquired by AbbVie (Dec 2023)
Operational Areas
Key Metrics
  • Net Profit
    -$432.84 M (USD)
    -23
    as on Dec 31, 2023
  • EBITDA
    -$447.27 M (USD)
    -22
    as on Dec 31, 2023
  • Investors
    AbbVie

    & 2 more

  • Employee Count
    199
  • Acquired by
    AbbVie

    (Dec 2023)

Funding Insights of Cerevel Therapeutics

  • Total Rounds 1
  • Investors Count 2

All 1 funding rounds of Cerevel Therapeutics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Apr 2021Series D––
Valuation history

3 investors in total: 3 institutional.

Investors in Cerevel Therapeutics

Cerevel Therapeutics has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include AbbVie, NovaQuest Capital Management and Bain Capital Life Sciences.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
PE firm focused on life science and healthcare companies
novaquest.comRaleigh, United States
Investments are focused on pharmaceutical, biotechnology, and medical sectors.
baincapitallifesciences.comBoston, United States
Biopharmaceutical research and drug development are conducted globally by AbbVie.
2012abbvie.comChicago, United States
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Investor details for Cerevel Therapeutics

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People of Cerevel Therapeutics

1491 people are tracked at Cerevel Therapeutics (744 in leadership, 12 in board & advisors, 735 in team); the tracked headcount is 199.

NameRoleGroup
Tony Coles
CEOLeadership
Dana Overbey
Global Sr Director Vendor Management Office And Technology Asset ManagementLeadership
Lauren Yarnell
Executive Assistant To The Svp, Abbvie & President, Specialty & U.s. Therapeutics OperationsLeadership
Martin Hayes
Chief Of Staff, Global Neuroscience & Ophthalmology ResearchLeadership
Brad Pignatello
Director Ii, Payer Strategy Eye Care - US Market AccessLeadership
Bruce Dannan
Director, Commercial Business TechnologyLeadership
Aimee Marx
Head Of Marketing US Patient ServicesLeadership
Bardia Akbari
Vice President - Development Operations OncologyLeadership
Sarah Cantor
Marketing Director - Access, Advocacy, And Non-retailLeadership
Nisha Patel Burns
Senior Vice President, AbbVie and President, Specialty and U.S. Therapeutics OperationsLeadership
Michael Schaffer
Director Ii, Neurology Franchise LeadLeadership
Mohamed Haytham
General Manager - North AfricaLeadership
Amanda Arlis
DirectorLeadership
Katie Stromsborg
Director Of Business Training And DevelopmentLeadership
Ana Alzugaray Beitia
CFO SpainLeadership
Alicia Subasinghe
Senior Director, Patient AdvocacyLeadership
April Hughes
Associate Marketing Director, ImmunologyLeadership
Paula Lima
Oncology Patient (consumer) Marketing Associate DirectorLeadership
Cormac Dalton
Vice President Sterile ManufacturingLeadership
Edgar Torres
Director, TransformationLeadership

1471 more people are available in the full profile.

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Timeline of Cerevel Therapeutics

3 dated milestones of Cerevel Therapeutics across 5 years, from founding to its latest funding, stage changes and deals.

  1. Founded Cerevel Therapeutics is founded.
  2. Funding First funding round.
  3. Exit Acquired by AbbVie.

Competitors of Cerevel Therapeutics

Cerevel Therapeutics has 3 listed competitors in our database, 3 of them funded. They include Kriya Therapeutics, Sana Biotechnology and PureTech Health.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
kriyatherapeutics.com2012Redwood, United States$930.93M159
Developer of therapeutic solutions for the treatment of diabetes
sana.com2018Seattle, United States$821M328
Genetically engineered cell therapies are developed for multiple disorders.
puretechhealth.com2001Boston, United States$107M171
Immunotherapeutics are developed for inflammation, fibrosis, and lung diseases.
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Detailed competitors of Cerevel Therapeutics

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Top companies in Neurology

3 companies that operate in the same segment as Cerevel Therapeutics (Neurology) in United States, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Immuno-modulatory therapies for dementia and neurodegenerative disorders are developed.
2013San Francisco, California, United StatesUSD 214.78 MUSD 21.05 M211
Developer of therapeutics for psychiatric and neurologic diseases
2002New York, New York, United StatesUSD 80.87 MUSD 250.31 M600
Biologics platform developed for intracellular delivery in rare diseases.
2016Boston, Massachusetts, United StatesUSD 175.25 MUSD 25.42 M183
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Related news about Cerevel Therapeutics

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Frequently Asked Questions about Cerevel Therapeutics

Cerevel Therapeutics was founded in 2018 and raised its 1st funding round 3 years after it was founded.

Cerevel Therapeutics is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.

Tony Coles is the CEO of Cerevel Therapeutics, as recorded in our data.

Cerevel Therapeutics has 199 employees.

Cerevel Therapeutics was founded in 2018 and is headquartered in Boston, United States. Focus is placed on the biotechnology sector, where small-molecule therapeutics are advanced for neurological and neuropsychiatric conditions. A dopamine D1 agonist and GABA A positive modulator are targeted at Parkinsons Disease. CVL-871 addresses dementia-related apathy, and CVL-865 is directed toward epilepsy and anxiety disorders.

Cerevel Therapeutics's top competitors include Sana Biotechnology, PureTech Health and Kriya Therapeutics.

Cerevel Therapeutics has 3 investors. Key investors include AbbVie, NovaQuest Capital Management, and Bain Capital Life Sciences.

Yes. Cerevel Therapeutics was acquired by AbbVie in December 2023.

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