Prevail Therapeutics logo — Wholly owned subsidiary of Eli Lilly and Company

Prevail Therapeutics

Wholly owned subsidiary of Eli Lilly and Company

Founded 2017 United States New York, United States 17 employees Acquired Total: $1.29B Biotechnology

General Information

Company Name Prevail Therapeutics
Founded Year 2017
Location United States New York, United States +1
Employees 17
Industries Biotechnology
Funding Stage Acquired
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About Prevail Therapeutics

Prevail Therapeutics, founded in 2017, is a pioneering biotech company focused on developing novel gene therapies aimed at addressing the root genetic causes of Parkinson’s disease and other neurodegenerative disorders. Their mission is to convert recent advances in human genetics and gene therapy technology into transformative medicines that slow or halt neurodegeneration.

The company's strategy hinges on a precision medicine approach, targeting patient groups with critical unmet needs where current treatments fail to alter disease progression. In January 2021, Prevail was acquired by Eli Lilly and Company for $1.04B, becoming its wholly-owned subsidiary. This acquisition underscores Eli Lilly’s commitment to expanding its presence in the gene therapy domain.

Operating from the Alexandria Center for Life Science in New York City, Prevail is composed of a team committed to leveraging innovation in the fight against neurodegenerative diseases, promoting values like collaboration, integrity, and agility in its operations.

Taxonomy: Gene Therapy, Neurodegenerative Disorders, Parkinson's Disease, Precision Medicine, Genetics, Drug Development, Pharmaceuticals, Clinical Research, Regulatory Affairs, Patient-Centric Approach, Innovative Therapeutics, Disease-Modifying Therapies, Human Genetics

Services & Products

Development of gene therapies
Clinical trial management

Target Customers

Patients with neurodegenerative diseases Patients with rare genetic disorders Healthcare providers Medical researchers

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Acquisition •••••• 1
Investor
01 Jan 2021
IPO •••••• - 01 Jun 2019
Series B •••••• 7
Investor Investor Investor Investor Investor Investor Investor
01 Mar 2019
Series A •••••• 1
Investor
01 Mar 2018
Seed •••••• - 01 Aug 2017

Prevail Therapeutics Alternatives & Competitors

View All Alternatives
Prevail Therapeutics vs
Neurotrope Inc.
Neurotrope Inc. United States

Developing a new approach to combating Alzheimer's disease and other neurodegenerative diseases.

Series A
3 employees
Biotechnology, Health Care
Prevail Therapeutics vs

Innovative Therapies for Neuromuscular and Neurodegenerative Disorders

Series A
14 employees
Biopharma, Biotechnology
Prevail Therapeutics vs
Verve Therapeutics
Verve Therapeutics United States

Wholly owned subsidiary of Eli Lilly and Company

Acquired
162 employees
Biotechnology, Life Sciences

FAQ About Prevail Therapeutics

Wholly owned subsidiary of Eli Lilly and Company
Prevail Therapeutics was founded in 2017.
Prevail Therapeutics is headquartered in New York, United States.
Prevail Therapeutics operates in the following industries: Biotechnology.
Prevail Therapeutics has approximately 17 employees.
Prevail Therapeutics has completed 5 funding rounds, raising a total of $1.29B. The latest funding stage is Acquired.
Prevail Therapeutics offers: Development of gene therapies, Clinical trial management.
Top alternatives and competitors to Prevail Therapeutics include Neurotrope Inc., Augustine Therapeutics, Verve Therapeutics, Acrigen Biosciences, VeonGen Therapeutics GmbH. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Prevail Therapeutics and Neurotrope Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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