Societal CDMO

San Diego, United States Founded: 1982 • Age: 44 yrs Listed Acquired By CoreRx
Provider of clinical trial, formulation development, packaging, and quality assurance services

About Societal CDMO

Societal CDMO is a Healthcare company based in San Diego (United States) founded in 1982, and was acquired by CoreRx in February 2024. Provider of clinical trial, formulation development, packaging, and quality assurance services. Its focus areas include Biopharma Outsourcing and Diversified. Its legal entity is SOCIETAL CDMO, INC. Its competitors include ANI Pharmaceuticals, Red Nucleus and Aptar.

Company details

Societal CDMO was founded in 1982 and is based in San Diego, United States. Operations focus on the pharmaceutical sector as a contract development and manufacturing organization. Services encompass clinical trial support, formulation development, packaging solutions, and quality assurance processes. These offerings assist clients in drug product lifecycle management from development through commercialization.

  • Headquarters San Diego, United States
  • Stage Acquired
  • Sectors
    Healthcare
  • Website societalcdmo.com
  • Acquired by CoreRx (Feb 2024)
  • Legal Name Societal Cdmo, Inc.
Key Metrics
  • Annual Revenue
    $94.64 M (USD)
    5
    as on Dec 31, 2023
  • Net Profit
    -$13.27 M (USD)
    33
    as on Dec 31, 2023
  • EBITDA
    -$3.57 M (USD)
    -1381
    as on Dec 31, 2023
  • Latest Funding Round
    $125M (USD), Debt – Conventional

    Nov 2017

  • Investors
    CoreRx

    & 2 more

  • Acquired by
    CoreRx

    (Feb 2024)

Funding Insights of Societal CDMO

  • Total Rounds 2
  • Last Round Debt – Conventional β€” $125M
  • First Round $16M

    (Jul 2015)

  • Investors Count 2

All 2 funding rounds of Societal CDMO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Nov 2017$125MDebt – Conventional––
Jul 2015$16MPost-IPO––
Valuation history

3 investors in total: 3 institutional.

Investors in Societal CDMO

Societal CDMO has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include CoreRx, Athyrium Capital Management and Broadfin Capital.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Global private equity investments are managed by the firm.
athyrium.comNew York, United States
Investment opportunities in healthcare are managed by Broadfin Capital.
2005broadfin.comMelville, United States
CDMO with a focus on early phase drug product development
2006corerxpharma.comClearwater, United States
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People of Societal CDMO

17 people are tracked at Societal CDMO (9 in leadership, 8 in team).

NameRoleGroup
Nikki Lezama
Head Of TA And L&dLeadership
Julie Christian
Associate Director, Facilities And EngineeringLeadership
J. David Enloe, Jr.
President and Chief Executive OfficerLeadership
Scott Rizzo
Chief Operating OfficerLeadership
Shazib Jamil
Vice President Supply ChainLeadership
Danielle Grosso
Director Project ManagementLeadership
Carol Bolger
Director, IT ApplicationsLeadership
Megha Nair
Associate Director, EngineeringLeadership
Tim Roach
Senior Director, Plant EngineeringLeadership
Gerardo Valiente
Facilities Engineer IIITeam
John Facemire
Process Engineer IVTeam
Juan Dodaro
Manager, IT Infrastructure & OperationsTeam
Clinton Ballard
Validation Engineer IIITeam
Darren Allen Jr.
Validation Engineer IIITeam
Jeremy Barrett
Senior Maintenance EngineerTeam
Anvesh Vemulapalli
Senior Validation EngineerTeam
Anne Marie Shapiro
Business Support SpecialistTeam
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Timeline of Societal CDMO

5 dated milestones of Societal CDMO across 42 years, from founding to its latest funding, stage changes and deals.

  1. Founded Societal CDMO is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $16.0M.
  4. Funding Latest funding round, Debt – Conventional, of $125.0M.
  5. Exit Acquired by CoreRx.

Competitors of Societal CDMO

Societal CDMO has 3 listed competitors in our database. They include ANI Pharmaceuticals, Red Nucleus and Aptar.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
anipharmaceuticals.com1996Baudette, United States600
Branded and generic prescription drugs are developed, manufactured, and marketed.
rednucleus.com2014Yardley, United States176
Advisory, scientific, and medical communications provided for pharmaceutical industry.
aptar.com1992Crystal Lake, United States232
Regulatory support, brand differentiation, and prototyping services are provided.
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Detailed competitors of Societal CDMO

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Top companies in Biopharma Outsourcing & Drug Delivery

3 companies that operate in the same segment as Societal CDMO (Biopharma Outsourcing & Drug Delivery) in United States, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Suite solutions are provided for payers and healthcare providers.
1998Princeton, New Jersey, United StatesUSD 220 MUSD 374.1 M5,666
Wearable insulin infusion systems are developed for diabetes patients.
2000Boston, Massachusetts, United StatesUSD 120.4 MUSD 2.71 B3,900
Developer of small-molecule drugs
1991Los Angeles, California, United StatesUSD 50 MUSD 348.97 M407
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Related news about Societal Cdmo

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Frequently Asked Questions about Societal CDMO

Societal CDMO was founded in 1982 and raised its 1st funding round 33 years after it was founded.

Societal CDMO is headquartered in San Diego, United States. It is registered at San Diego, California, United States.

Annual revenue of Societal CDMO is $94.64M as on Dec 31, 2023.

Societal CDMO was founded in 1982 and is based in San Diego, United States. Operations focus on the pharmaceutical sector as a contract development and manufacturing organization. Services encompass clinical trial support, formulation development, packaging solutions, and quality assurance processes. These offerings assist clients in drug product lifecycle management from development through commercialization.

Societal CDMO's top competitors include ANI Pharmaceuticals, Aptar and Red Nucleus.

Societal CDMO has 3 investors. Key investors include CoreRx, Athyrium Capital Management, and Broadfin Capital.

Societal CDMO operates through Societal Cdmo, Inc..

Yes. Societal CDMO was acquired by CoreRx in February 2024.

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