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9 Meters Biopharma

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uuid0003x3n

Namestring
9 Meters Biopharma
Legal namestring
9 Meters Biopharma
Websiteurl
9meters.com
Company typeenum
Private
Founded yearint
2012
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersRaleigh, United States
HQ citystring
Raleigh
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
rare disease therapeutics, gastrointestinal drugs, GLP-2 analog, short bowel syndrome, clinical-stage biopharmaceutical
Industry4 codes
1Rare Gastroenterology & Hepatology Disorder Therapies
CodeHLAIAIALPrimaryYes
2Gastroenterology Specialty Pharmaceuticals
CodeHLAIACAEPrimaryNo
3Nutrition & Malabsorption (Celiac/Short Bowel)
CodeHLAKAEAIPrimaryNo
4Gastroenterology & Hepatology Pharmaceuticals
CodeHLAIAAAIPrimaryNo
NAICS code3 codes
  • Biological Product (except Diagnostic) Manufacturing325414
  • Research and Development in Biotechnology (except Nanobiotechnology)541714
  • Scientific Research and Development Services5417
SIC code1 code
  • Biological Products, (No Disgnostic Substances)2836
Product category
Rare Disease Gastrointestinal Therapeutics
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Pharmaceutical Product Sales
TypeOne Time License
Description

Once approved, the company plans to commercialize Vurolenatide for short bowel syndrome patients, generating revenue through prescription drug sales.

biospace.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Cost components3 values
Technology or R&D, Personnel, Operations
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

9 Meters Biopharma is developing Vurolenatide, an investigational GLP-2 analog currently in Phase 3 clinical trials for the treatment of short bowel syndrome (SBS). The therapy is designed to improve intestinal absorption and reduce patient dependence on parenteral nutrition in individuals suffering from SBS, a rare and serious gastrointestinal condition.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Phase 3 clinical development for Vurolenatide in short bowel syndrome
Product overview1 text field

9 Meters Biopharma is a clinical-stage biopharmaceutical company. The company website (9meters.com) could not be analyzed as the source data contains only the technology news website 9meters.com, not the biopharma company's official website. Based on news sources only: 9 Meters Biopharma is developing Vurolenatide (a GLP-2 analog) for the treatment of short bowel syndrome, currently in Phase 3 clinical development.

Product and service1 record
1Vurolenatide
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2024-05-01
Description

In May 2024, Takeda Pharmaceutical partnered with patient community platform Inspire to gather real-world insights for improving short bowel syndrome care. While not a direct partnership with 9 Meters Biopharma, this indicates competitor activity in the SBS space.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

Takeda markets teduglutide (Gattex/Revestive), the only approved GLP-2 analog for short bowel syndrome. Direct competitor and the established incumbent in the same therapeutic space 9 Meters is targeting with Vurolenatide.

TypeDirect peer
Description

VectivBio developed apraglutide, a next-generation GLP-2 analog for short bowel syndrome, and was acquired by Ironwood Pharmaceuticals. Direct competitor pursuing the same indication with a differentiated once-weekly dosing profile.

TypeDirect peer
Description

Zealand Pharma developed glepaglutide, a long-acting GLP-2 analog for short bowel syndrome. Direct competitor with a Phase 3-ready asset targeting the same patient population as Vurolenatide.

TypeEmerging player
Description

Ardelyx is a specialty GI biopharmaceutical company with approved therapies (e.g., tenapanor/Ibsrela) addressing gastrointestinal disorders. Comparable as a GI-focused commercial-stage biopharma with overlapping patient-adjacent disease areas.

TypeEmerging player
Description

Travere Therapeutics develops therapies for rare diseases, including rare metabolic and GI-related disorders. Comparable as a small-cap rare disease commercial-stage biopharma with similar focus on orphan indications.

TypeEmerging player
Description

Soleno Therapeutics is a clinical-stage rare disease biopharma developing therapeutics for uncommon conditions. Comparable as a small-cap, late-stage clinical company focused on rare diseases with unmet need.

TypeBroad incumbent
Description

Madrigal Pharmaceuticals is a commercial-stage biopharma that successfully developed and launched resmetirom (Rezdiffra) for MASH. Comparable as a late-stage-to-commercial rare/specialty liver-metabolic disease biopharma with analogous approval pathway execution.

TypeOthers
Description

Albireo developed odevixibat (Bylvay) for rare pediatric cholestatic liver diseases and was acquired by Ipsen. Comparable as a rare GI/hepatobiliary specialty biopharma acquired by a larger player, illustrating strategic exit pathways for clinical-stage rare disease companies.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

9 Meters Biopharma

Rare Disease Gastrointestinal Therapeutics9meters.com

9 Meters Biopharma firmographics

Firmographics
Name
9 Meters Biopharma
Legal name
9 Meters Biopharma
Website
https://9meters.com
Company type
Private
Founded year
2012
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

9 Meters Biopharma industry classification

Industry
Product category
Rare Disease Gastrointestinal Therapeutics
NAICS
Biological Product (except Diagnostic) Manufacturing (325414), Research and Development in Biotechnology (except Nanobiotechnology) (541714), Scientific Research and Development Services (5417)
SIC
Biological Products, (No Disgnostic Substances) (2836)
akta.pro primary industry
Rare Gastroenterology & Hepatology Disorder Therapies (HLAIAIAL)
akta.pro secondary industries
Gastroenterology Specialty Pharmaceuticals (HLAIACAE), Nutrition & Malabsorption (Celiac/Short Bowel) (HLAKAEAI), Gastroenterology & Hepatology Pharmaceuticals (HLAIAAAI)

Keywords

  • Rare disease therapeutics
  • Gastrointestinal drugs
  • GLP-2 analog
  • Short bowel syndrome
  • Clinical-stage biopharmaceutical

Where 9 Meters Biopharma is headquartered

Location

Headquarters

HQ city
Raleigh
HQ country
United States
HQ region
North America

Markets served

9 Meters Biopharma business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations

Revenue model

  1. Pharmaceutical Product Sales: Once approved, the company plans to commercialize Vurolenatide for short bowel syndrome patients, generating revenue through prescription drug sales.

Go-to-market motion1 record

Marketing channels1 record

9 Meters Biopharma product offering

Product offering

Core offering

9 Meters Biopharma is developing Vurolenatide, an investigational GLP-2 analog currently in Phase 3 clinical trials for the treatment of short bowel syndrome (SBS). The therapy is designed to improve intestinal absorption and reduce patient dependence on parenteral nutrition in individuals suffering from SBS, a rare and serious gastrointestinal condition.

Product overview

9 Meters Biopharma is a clinical-stage biopharmaceutical company. The company website (9meters.com) could not be analyzed as the source data contains only the technology news website 9meters.com, not the biopharma company's official website. Based on news sources only: 9 Meters Biopharma is developing Vurolenatide (a GLP-2 analog) for the treatment of short bowel syndrome, currently in Phase 3 clinical development.

Differentiator

Problem solved

Functional benefit

Products and services

  • Vurolenatide

Quantifiable outcome

  • Phase 3 clinical development for Vurolenatide in short bowel syndrome

Companies that use 9 Meters Biopharma

Customer profile

Segments1 record

Ideal customer profiles1 record

9 Meters Biopharma technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

9 Meters Biopharma partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Takeda PharmaceuticalminorStrategic or Co-development Partner · 1 May 2024In May 2024, Takeda Pharmaceutical partnered with patient community platform Inspire to gather real-world insights for improving short bowel syndrome care. While not a direct partnership with 9 Meters Biopharma, this indicates competitor activity in the SBS space.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

9 Meters Biopharma competitors and assessment

Company assessment

Direct peers

  • Takeda Pharmaceutical: Takeda markets teduglutide (Gattex/Revestive), the only approved GLP-2 analog for short bowel syndrome. Direct competitor and the established incumbent in the same therapeutic space 9 Meters is targeting with Vurolenatide.
  • VectivBio (acquired by Ironwood Pharmaceuticals): VectivBio developed apraglutide, a next-generation GLP-2 analog for short bowel syndrome, and was acquired by Ironwood Pharmaceuticals. Direct competitor pursuing the same indication with a differentiated once-weekly dosing profile.
  • Zealand Pharma: Zealand Pharma developed glepaglutide, a long-acting GLP-2 analog for short bowel syndrome. Direct competitor with a Phase 3-ready asset targeting the same patient population as Vurolenatide.

Emerging players

  • Ardelyx: Ardelyx is a specialty GI biopharmaceutical company with approved therapies (e.g., tenapanor/Ibsrela) addressing gastrointestinal disorders. Comparable as a GI-focused commercial-stage biopharma with overlapping patient-adjacent disease areas.
  • Travere Therapeutics: Travere Therapeutics develops therapies for rare diseases, including rare metabolic and GI-related disorders. Comparable as a small-cap rare disease commercial-stage biopharma with similar focus on orphan indications.
  • Soleno Therapeutics: Soleno Therapeutics is a clinical-stage rare disease biopharma developing therapeutics for uncommon conditions. Comparable as a small-cap, late-stage clinical company focused on rare diseases with unmet need.

Broad incumbents

  • Madrigal Pharmaceuticals: Madrigal Pharmaceuticals is a commercial-stage biopharma that successfully developed and launched resmetirom (Rezdiffra) for MASH. Comparable as a late-stage-to-commercial rare/specialty liver-metabolic disease biopharma with analogous approval pathway execution.

Others

  • Albireo Pharma (Ipsen): Albireo developed odevixibat (Bylvay) for rare pediatric cholestatic liver diseases and was acquired by Ipsen. Comparable as a rare GI/hepatobiliary specialty biopharma acquired by a larger player, illustrating strategic exit pathways for clinical-stage rare disease companies.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

9 Meters Biopharma social profiles

Digital presence

9 Meters Biopharma financial estimates

Financial estimate

Revenue estimate

Valuation estimate

9 Meters Biopharma leadership team

Management profile

Number of profiles

Profiles6 records

9 Meters Biopharma funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

9 Meters Biopharma M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 9 Meters Biopharma

What does 9 Meters Biopharma do?

9 Meters Biopharma is developing Vurolenatide, an investigational GLP-2 analog currently in Phase 3 clinical trials for the treatment of short bowel syndrome (SBS). The therapy is designed to improve intestinal absorption and reduce patient dependence on parenteral nutrition in individuals suffering from SBS, a rare and serious gastrointestinal condition.

When was 9 Meters Biopharma founded?

9 Meters Biopharma was founded in 2012. It employs 1 to 10 people.

Where is 9 Meters Biopharma based?

9 Meters Biopharma is headquartered in Raleigh, United States, in the North America region.

How does 9 Meters Biopharma make money?

One revenue line is on record: pharmaceutical Product Sales.

Who are 9 Meters Biopharma's main competitors?

Direct peers on record are Takeda Pharmaceutical, VectivBio (acquired by Ironwood Pharmaceuticals) and Zealand Pharma. Emerging players are Ardelyx, Travere Therapeutics and Soleno Therapeutics. Madrigal Pharmaceuticals is listed as a broad incumbent. Albireo Pharma (Ipsen) is listed as an others.

Does 9 Meters Biopharma have an API?

No public API is recorded for 9 Meters Biopharma.

What industry is 9 Meters Biopharma in?

9 Meters Biopharma's product category is Rare Disease Gastrointestinal Therapeutics. Its primary akta.pro industry code is HLAIAIAL, Rare Gastroenterology & Hepatology Disorder Therapies, with a secondary code of HLAIACAE, Gastroenterology Specialty Pharmaceuticals. Its NAICS code is 325414 and its SIC code is 2836.

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Live signals
GlobeNewswireDelisting of Securities of Nymox Pharmaceutical Corporation; Aridis Pharmaceuticals Inc.; Novan, Inc.; ViewRay, Inc.; 9 Meters Biopharma, Inc.; Nabriva Therapeutics plc; UTA Acquisition Corporation; ANasdaq announced delisting of securities for Nymox Pharmaceutical, Aridis Pharmaceuticals, Novan, ViewRay, 9 Meters Biopharma, Nabriva Therapeutics, UTA Acquisition, AppHarvest, Yellow Corporation, Proterra, Amyris, Chain Bridge I, LatAmGrowth SPAC, and SpringBig Holdings. Each company's securities were suspended in July or August 2023 and had not traded since.BenzingaWhy Are 9 Meters Biopharma Shares Nosediving Today?9 Meters Biopharma Inc filed for Chapter 11 bankruptcy protection, with the company and its subsidiaries ceasing operations and filing a voluntary petition under Chapter 7 provisions in the U.S. Bankruptcy Court for the Eastern District of North Carolina. A Chapter 7 trustee will assume control over the company's assets and liabilities, effectively eliminating the authority of the Board of Directors and executive officers, with assets to be liquidated and claims paid under the Bankruptcy Code. Interim CEO and CFO Bethany Sensenig resigned concurrent with the filing, while the company's shares plummeted 69.50% to $0.19.Yahoo9 Meters Biopharma Announces $5 Million Registered Direct Offering Priced at-the-Market Under Nasdaq Rules9 Meters Biopharma announced a $5 million registered direct offering of 3,125,000 shares and warrants priced at $1.60 per share under Nasdaq rules. H.C. Wainwright & Co. is acting as the exclusive placement agent for the transaction, which is expected to close around March 15, 2023. The company intends to use the net proceeds to support the clinical development of its drug vurolenatide and other pipeline programs.BioSpace9 Meters Biopharma Announces $5 Million Registered Direct Offering Priced at-the-Market Under Nasdaq Rules9 Meters Biopharma announced a registered direct offering of 3,125,000 shares and warrants at $1.60 per share, raising approximately $5 million in gross proceeds. H.C. Wainwright & Co. is acting as the exclusive placement agent for this transaction, which is expected to close around March 15, 2023. The company intends to use the net proceeds to support the clinical development of its drug vurolenatide and other pipeline programs.BenzingaWhy 9 Meters Biopharma Shares Are Nosediving Today9 Meters Biopharma Inc shares fell 13.1% to $0.18 after the company announced a 1-for-20 reverse stock split, with split-adjusted trading commencing on October 18. The reverse split was approved by stockholders at the June 22, 2022 annual meeting and is intended to bring the company into compliance with Nasdaq's minimum bid price requirement. The stock has a 52-week high of $1.35 and a 52-week low of $0.16.Benzinga9 Meters Biopharma Shares Move Higher After Successful Short Bowel Syndrome Study9 Meters Biopharma announced final results from its Phase 2 VIBRANT study of vurolenatide for short bowel syndrome, with the 50 mg every-two-weeks dosing arm demonstrating a 30% reduction in total stool output versus a 32% increase for placebo. The company also reported positive outcomes from its End-of-Phase 2 meeting with the FDA and plans to finalize the Phase 3 protocol during Q4. The drug was generally well tolerated with mild to moderate transient side effects.BioSpace9 Meters Biopharma Announces Debt Facility to Support Phase 3 Study of Vurolenatide for Short Bowel Syndrome9 Meters Biopharma announced a senior secured convertible notes facility with a single lender, providing access to up to $70 million to fund the Phase 3 development of its drug vurolenatide for short bowel syndrome. The company drew an initial $20 million upon closing, bringing its pro-forma cash balance to $57 million and extending its expected cash runway into the fourth quarter of 2023.PR NewswireBeyond Celiac Calls for Heightened Focus on Driving Research for Treatment and a Cure for Celiac Disease by 2030 After Phase 3 Drug Trial Is Halted9 Meters Biopharma discontinued Phase 3 trials of larazotide acetate, the first celiac disease drug to reach that stage, despite partnering with Beyond Celiac for patient recruitment. Beyond Celiac is calling for heightened focus on celiac disease research to meet its goal of finding treatment and a cure by 2030, noting that nearly two dozen other drug trials remain ongoing. The organization is positioning itself as ready to help accelerate other therapies, leveraging its patient registry and community.BioSpaceDisappointing Results End 9 Meters’ Phase III Trial for Celiac Treatment9 Meters Biopharma is discontinuing its Phase III clinical trial for larazotide, a treatment for celiac disease, after interim results failed to show statistical significance. The company determined that the number of additional patients required to detect a significant effect was too large to feasibly continue the study. Consequently, resources will be redirected to other drug candidates, specifically vurolenatide for short bowel syndrome.PR NewswireThinking about buying stock in Energy Focus, 9 Meters Biopharma, Aditxt, ReTo Eco-Solutions, or Aeva Technologies?InvestorsObserver issued PriceWatch Alerts for five specific stocks: Energy Focus, 9 Meters Biopharma, Aditxt, ReTo Eco-Solutions, and Aeva Technologies. The alerts utilize a proprietary scoring methodology that evaluates short-term technical, long-term technical, and fundamental factors to determine investment suitability. This serves as an informational update for investors regarding these specific securities.