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Idera Pharmaceuticals

Full company profile

uuid0005ob4

Namestring
Idera Pharmaceuticals
Websiteurl
iderapharma.com
Company typeenum
Private
Founded yearint
1989
Short descriptiontext

Idera Pharmaceuticals is a publicly traded Cambridge, MA-based clinical-stage biopharmaceutical company developing synthetic DNA and RNA-based drug candidates, with a pipeline reshaped by its 2022 acquisition of Aceragen and a focus on rare diseases.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersCambridge, United States
HQ citystring
Cambridge
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
oligonucleotide therapeutics, RNA-based drug development, DNA-based drug candidates, rare disease therapeutics, clinical-stage biopharmaceuticals
Industry2 codes
1Genetic & Genomic Rare Disease Therapeutics
CodeHLAIAIAAPrimaryYes
2Rare Dermatology Disorder Therapies
CodeHLAIAIAMPrimaryNo
NAICS code1 code
  • Research and Development in Biotechnology (except Nanobiotechnology)541714
SIC code1 code
  • Pharmaceutical Preparations2834
Product category
Biopharmaceuticals
Cost components5 values
Technology or R&D, Personnel, Operations, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Idera Pharmaceuticals is engaged in the discovery and development of novel synthetic DNA- and RNA-based drug candidates. The company focuses on therapeutic applications in immune-mediated and rare diseases, and has expanded its rare-disease pipeline through its acquisition of Aceragen in 2022.

Differentiator
Functional benefit
Problem solved
Product and service2 records
1Synthetic DNA- and RNA-based drug candidates
CategoryOligonucleotide therapeutics
2Aceragen rare-disease pipeline assets
CategoryRare disease therapeutics
No data
Peers10 records
TypeDirect peer
Description

Clinical-stage nucleic-acid therapeutics company developing stereopure oligonucleotides. Directly comparable to Idera's synthetic DNA/RNA-based drug discovery platform.

TypeBroad incumbent
Description

Commercial-stage immunology biopharma developing antibody therapies for rare autoimmune diseases including dermatomyositis. Comparable as a rare-autoimmune/dermatology-focused peer with validated commercial execution.

TypeEmerging player
Description

Clinical-stage biopharma developing treatments for rare autoimmune and inflammatory diseases. Comparable due to similar small-cap, rare-autoimmune clinical-stage profile.

TypeDirect peer
Description

Clinical-stage RNA therapeutics company developing Axiomer RNA-editing technology for rare genetic diseases. Directly comparable as an RNA-based rare-disease drug developer.

TypeEmerging player
Description

Clinical-stage biotech focused on immunology and autoimmune diseases, including dermatomyositis. Comparable as a small-cap rare-autoimmune peer with overlapping therapeutic focus.

TypeEmerging player
Description

Clinical-stage biotech developing oligonucleotide therapeutics for rare muscle diseases. Comparable due to nucleic-acid modality and rare-disease focus.

TypeEmerging player
Description

Clinical-stage biotech developing cell therapies for autoimmune diseases including dermatomyositis. Comparable as an emerging player targeting the same rare autoimmune dermatology indications.

8Aceragen
TypeDirect peer
Description

The rare-disease biopharma that Idera acquired in September 2022 and effectively merged into. Directly comparable because its dermatomyositis and rare-disease pipeline is now the core of the combined company's strategy.

TypeEmerging player
Description

Clinical-stage biotech developing antibody-RNA conjugates for rare neuromuscular diseases. Comparable as a nucleic-acid rare-disease therapeutics developer.

TypeBroad incumbent
Description

mRNA therapeutics developer that was acquired by Sanofi. Comparable as an RNA-medicine platform company targeting rare and serious diseases.

Market position
Customer concentration

Classification, Details

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

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 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

Investors1 record

Each record includes

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

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

M&A1 record

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 →

Idera Pharmaceuticals

Biopharmaceuticalsiderapharma.com

Idera Pharmaceuticals is a publicly traded Cambridge, MA-based clinical-stage biopharmaceutical company developing synthetic DNA and RNA-based drug candidates, with a pipeline reshaped by its 2022 acquisition of Aceragen and a focus on rare diseases.

Idera Pharmaceuticals firmographics

Firmographics
Name
Idera Pharmaceuticals
Website
https://iderapharma.com
Company type
Private
Founded year
1989
Operating status
Operating
Headcount range
51–100 employees
Short description
Idera Pharmaceuticals is a publicly traded Cambridge, MA-based clinical-stage biopharmaceutical company developing synthetic DNA and RNA-based drug candidates, with a pipeline reshaped by its 2022 acquisition of Aceragen and a focus on rare diseases.
Ownership category
akta.pro rank

Idera Pharmaceuticals industry classification

Industry
Product category
Biopharmaceuticals
NAICS
Research and Development in Biotechnology (except Nanobiotechnology) (541714)
SIC
Pharmaceutical Preparations (2834)
akta.pro primary industry
Genetic & Genomic Rare Disease Therapeutics (HLAIAIAA)
akta.pro secondary industry
Rare Dermatology Disorder Therapies (HLAIAIAM)

Keywords

  • Oligonucleotide therapeutics
  • RNA-based drug development
  • DNA-based drug candidates
  • Rare disease therapeutics
  • Clinical-stage biopharmaceuticals

Where Idera Pharmaceuticals is headquartered

Location

Headquarters

HQ city
Cambridge
HQ country
United States
HQ region
North America

Markets served

Idera Pharmaceuticals business model

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

Idera Pharmaceuticals product offering

Product offering

Core offering

Idera Pharmaceuticals is engaged in the discovery and development of novel synthetic DNA- and RNA-based drug candidates. The company focuses on therapeutic applications in immune-mediated and rare diseases, and has expanded its rare-disease pipeline through its acquisition of Aceragen in 2022.

Differentiator

Problem solved

Functional benefit

Products and services

  • Synthetic DNA- and RNA-based drug candidates
  • Aceragen rare-disease pipeline assets

Companies that use Idera Pharmaceuticals

Customer profile

Ideal customer profiles1 record

Idera Pharmaceuticals technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Idera Pharmaceuticals competitors and assessment

Company assessment

Direct peers

  • Wave Life Sciences: Clinical-stage nucleic-acid therapeutics company developing stereopure oligonucleotides. Directly comparable to Idera's synthetic DNA/RNA-based drug discovery platform.
  • ProQR Therapeutics: Clinical-stage RNA therapeutics company developing Axiomer RNA-editing technology for rare genetic diseases. Directly comparable as an RNA-based rare-disease drug developer.
  • Aceragen: The rare-disease biopharma that Idera acquired in September 2022 and effectively merged into. Directly comparable because its dermatomyositis and rare-disease pipeline is now the core of the combined company's strategy.

Broad incumbents

  • Argenx: Commercial-stage immunology biopharma developing antibody therapies for rare autoimmune diseases including dermatomyositis. Comparable as a rare-autoimmune/dermatology-focused peer with validated commercial execution.
  • Translate Bio (now Sanofi): mRNA therapeutics developer that was acquired by Sanofi. Comparable as an RNA-medicine platform company targeting rare and serious diseases.

Emerging players

  • Corbus Pharmaceuticals: Clinical-stage biopharma developing treatments for rare autoimmune and inflammatory diseases. Comparable due to similar small-cap, rare-autoimmune clinical-stage profile.
  • Kezar Life Sciences: Clinical-stage biotech focused on immunology and autoimmune diseases, including dermatomyositis. Comparable as a small-cap rare-autoimmune peer with overlapping therapeutic focus.
  • Dyne Therapeutics: Clinical-stage biotech developing oligonucleotide therapeutics for rare muscle diseases. Comparable due to nucleic-acid modality and rare-disease focus.
  • Caballeta Bio: Clinical-stage biotech developing cell therapies for autoimmune diseases including dermatomyositis. Comparable as an emerging player targeting the same rare autoimmune dermatology indications.
  • Avidity Biosciences: Clinical-stage biotech developing antibody-RNA conjugates for rare neuromuscular diseases. Comparable as a nucleic-acid rare-disease therapeutics developer.

Market position

Customer concentration

Idera Pharmaceuticals social profiles

Digital presence

Idera Pharmaceuticals financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Idera Pharmaceuticals leadership team

Management profile

Number of profiles

Profiles7 records

Idera Pharmaceuticals funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors1 record

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

Idera Pharmaceuticals M&A and investment

M&A and investment

M&A1 record

Investments

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

Frequently asked questions about Idera Pharmaceuticals

What does Idera Pharmaceuticals do?

Idera Pharmaceuticals is engaged in the discovery and development of novel synthetic DNA- and RNA-based drug candidates. The company focuses on therapeutic applications in immune-mediated and rare diseases, and has expanded its rare-disease pipeline through its acquisition of Aceragen in 2022.

When was Idera Pharmaceuticals founded?

Idera Pharmaceuticals was founded in 1989. It employs 51 to 100 people.

Where is Idera Pharmaceuticals based?

Idera Pharmaceuticals is headquartered in Cambridge, United States, in the North America region.

Who are Idera Pharmaceuticals's main competitors?

Direct peers on record are Wave Life Sciences, ProQR Therapeutics and Aceragen. Broad incumbents are Argenx and Translate Bio (now Sanofi). Emerging players are Corbus Pharmaceuticals, Kezar Life Sciences, Dyne Therapeutics, Caballeta Bio and Avidity Biosciences.

Does Idera Pharmaceuticals have an API?

No public API is recorded for Idera Pharmaceuticals.

What industry is Idera Pharmaceuticals in?

Idera Pharmaceuticals's product category is Biopharmaceuticals. Its primary akta.pro industry code is HLAIAIAA, Genetic & Genomic Rare Disease Therapeutics, with a secondary code of HLAIAIAM, Rare Dermatology Disorder Therapies. Its NAICS code is 541714 and its SIC code is 2834.

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Live signals
MarketScreenerIdera Pharmaceuticals : Acquires Aceragen - Form 8-KIdera Pharmaceuticals has completed the acquisition of Aceragen, a biotech company focused on rare diseases, as announced on September 28, 2022. This acquisition includes Aceragen's late-stage rare disease portfolio and is expected to lead to significant clinical milestones, with projected peak sales potential of $650 million. The combined company aims to enhance the development of innovative therapeutics for underserved patient populations.BenzingaWhy Are Idera Pharmaceuticals Shares Soaring TodayIdera Pharmaceuticals announced positive interim results from its investigator-sponsored Phase 2 trial INTRIM 1, showing a 70% lower sentinel lymph node positive (SLN+) rate among melanoma patients treated with tilsotolimod compared to placebo, leading to the trial being stopped early for efficacy. The statistical significance exceeded the pre-specified p-value of 0.008, validating earlier immune activation data from the same trial. The company will continue monitoring patients for relapse-free survival and overall survival at 5 and 10 years post-biopsy.GlobeNewswireIdera Pharmaceuticals Reports Fourth Quarter and Full Year 2021 Financial Results and Provides Corporate UpdateIdera Pharmaceuticals reported fourth quarter and full year 2021 financial results, with full-year net income of $96.9 million compared to a net loss of $112.7 million in 2020, driven largely by a $125.8 million non-cash gain from the termination of securities issued in a December 2019 private placement transaction. The company's cash position was $32.5 million as of December 31, 2021, with funding expected to sustain operations for approximately one year from the filing date. The company has engaged JMP Securities to expand its scope beyond acquisition or in-licensing opportunities to include additional strategic alternatives.BenzingaThe Daily Biotech Pulse: Lilly Raises Guidance, Medtronic Gets FDA Warning Letter, Decision Day For CalliThe Daily Biotech Pulse is a roundup of top developments in the biotech space over the last 24 hours, covering multiple companies and regulatory events. Eli Lilly raised its 2021 revenue guidance to $28.0-$28.3 billion and issued above-consensus guidance for 2022, while its mirikizumab met primary endpoints in a Phase 3 maintenance study for ulcerative colitis. Medtronic disclosed receipt of an FDA warning letter for its Northridge, California diabetes business facility following an inspection related to recalls of MiniMed insulin infusion pumps, with the stock retreating 3.75% in premarket trading. Other notable developments include multiple FDA approvals (AbbVie's Rinvoq for psoriatic arthritis, Pfizer's Xeljanz for ankylosing spondylitis), positive Phase 3 data from Sanofi-GSK's COVID-19 booster vaccine, and several strategic updates including Atea Pharmaceuticals terminating its Roche collaboration and Idera Pharmaceuticals considering out-licensing for tilsotolimod.GlobeNewswireIdera Pharmaceuticals Announces Tilsotolimod UpdatesIdera Pharmaceuticals announced clinical updates on tilsotolimod, its TLR9 agonist, including preliminary data from the ILLUMINATE-206 trial showing one patient with stable disease and one with pseudo-progression. The company also noted ongoing trials and considered out-licensing tilsotolimod to explore its potential further.PR NewswireThinking about buying stock in Entera Bio, Torchlight Energy, Idera Pharmaceuticals, Nikola Corp, or Orphazyme?InvestorsObserver issued critical PriceWatch Alerts for the stocks of Entera Bio, Torchlight Energy, Idera Pharmaceuticals, Nikola Corp, and Orphazyme on June 23, 2021. The alerts are generated using a proprietary scoring system that evaluates short-term technical, long-term technical, and fundamental factors to determine investment suitability. This announcement serves as an informational update regarding the analysis of these specific equities.BenzingaWhy Idera Shares Are Skyrocketing TodayIdera Pharmaceuticals Inc (NASDAQ:IDRA) shares surged 43% to $1.60 after a Form 4 filing revealed that COO Daniel Soland acquired 50,000 shares at an average price of $1.19. The insider purchase follows a prior 52-week trading range of $6.14 to $0.97. Idera is a clinical-stage biopharmaceutical company focused on discovering and commercializing therapeutics for oncology and rare diseases, utilizing two proprietary drug-discovery technology platforms.PR NewswireThinking about buying stock in Biocept, Histogen, Idera Pharmaceuticals, Satsuma Pharmaceuticals, or Clover Health Investments?InvestorsObserver issued critical PriceWatch Alerts for Biocept, Histogen, Idera Pharmaceuticals, Satsuma Pharmaceuticals, and Clover Health Investments on June 22, 2021. The alerts are based on the firm's proprietary scoring methodology evaluating short-term technical, long-term technical, and fundamental factors for each stock.BenzingaIdera Will Not Continue Tilsotolimod/Ipilimumab Combo Melanoma Trial Into OS Primary EndpointIdera Pharmaceuticals has decided not to continue the ILLUMINATE-301 Phase 3 trial evaluating tilsotolimod in combination with ipilimumab for anti-PD-1 refractory advanced melanoma, terminating the study before reaching the overall survival primary endpoint. The trial had previously failed to meet its objective response rate endpoint, with the combination arm showing only 8.8% ORR versus 8.6% for ipilimumab monotherapy, leading the company to conclude the regimen is unlikely to demonstrate a statistically significant survival benefit. The company's Chief Medical Officer, Elizabeth Tarka, is also departing the company.BenzingaMid-Afternoon Market Update: Nasdaq Rises 100 Points; Idera Pharmaceuticals Shares Slide - FedEx (NYSE:FDFedEx reported third-quarter earnings of $3.47 per share, beating analysts' estimates of $3.24 per share, while quarterly sales of $21.50 billion exceeded expectations of $19.96 billion, and the company issued FY21 EPS guidance of $17.60-$18.20 versus consensus estimates of $17.40. Idera Pharmaceuticals shares tumbled 61% after its lead drug candidate Tilsotolimod failed to meet the primary endpoint in a Phase 3 trial for anti-PD-1 refractory advanced melanoma, prompting downgrades from JP Morgan and HC Wainwright. The Nasdaq rose 0.78% to 13,217.90 on Friday, while the Dow traded down 0.40% to 32,731.95.