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9 Meters Biopharma

BiotechUSAClosed 2023

Total Raised

Undisclosed

Peak Valuation

Undisclosed

Employees

Year Collapsed

2023

Business model

Clinical-stage biopharmaceutical developing GI-focused rare disease treatments.

In brief

Developed vurolenatide, a GLP-1 receptor agonist candidate for short bowel syndrome, entering a category that became enormously valuable elsewhere in the pharmaceutical industry around the same time. Its drug candidate failed to demonstrate efficacy in Phase 2 clinical trials, an…

See the What Happened tab for the full account.

Key facts

Founded
2016
Closed
2023
Headquarters
Raleigh, USA
Industry
Biotech
Employees
Revenue
Undisclosed

Related failures

Often compared with: Novo Nordisk, Eli Lilly.