Decibel Therapeutics
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
EBITDA | (36.4m) | (42.3m) | (39.6m) | (48.8m) | (62.5m) |
Profit | (36.2m) | (42.7m) | (39.3m) | (51.8m) | (63.0m) |
R&D budget | 26.2m | 29.4m | 25.3m | 29.8m | 40.3m |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$52.0m | Series A | ||
N/A | N/A | Series B | |
$55.0m | Series C | ||
$82.2m | Series D | ||
* | $109m | Acquisition | |
Total Funding | €172m |
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Recent News about Decibel Therapeutics
EditDecibel Therapeutics is a biotechnology company focused on developing novel therapies for hearing loss and tinnitus. The company operates in the healthcare and pharmaceutical market, primarily serving patients with auditory and balance disorders. Decibel Therapeutics employs a unique approach by translating scientific advances in inner ear biology into groundbreaking treatments. Their business model revolves around extensive research and development (R&D) to create proprietary drugs, which are then brought to market through clinical trials and regulatory approvals. Revenue is generated through the commercialization of these therapies, partnerships, and potentially licensing agreements.
Decibel Therapeutics' pipeline includes a broad strategy aimed at both protecting and restoring hearing, addressing a significant unmet need in the medical community. The company leverages cutting-edge research in genetics, genomics, bioinformatics, and microsurgery to fuel its drug development efforts. Their team comprises experts in pharmacology, translational medicine, and manufacturing, with a track record of filing numerous Investigational New Drug (IND) applications and launching successful therapies.
Keywords: biotechnology, hearing loss, tinnitus, inner ear biology, drug development, clinical trials, pharmacology, genomics, bioinformatics, microsurgery.