Adocia

Adocia

ADOC.PA
Lyon, France· Est.
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Private Company

Total funding raised: $155M

Market Cap: $112.0MFounded: 2005HQ: Lyon, France

Overview

Adocia is a clinical-stage biotechnology company focused on developing innovative formulations and delivery systems for metabolic diseases, primarily diabetes and obesity. The company's strategy is built on four proprietary technology platforms (BioChaperone®, AdoShell®, AdOral®, AdoXLong) designed to enhance the efficacy and delivery of peptides, proteins, and cell therapies. Key achievements include advancing a Phase 3 ultra-rapid insulin and securing partnerships with major pharmaceutical firms like Eli Lilly and Tonghua Dongbao. Adocia's business model involves licensing out its validated assets post-proof-of-concept to global partners for development and commercialization.

DiabetesObesity

Technology Platform

Adocia leverages four proprietary platforms: BioChaperone® for protein/peptide formulation, AdoShell® for immunoprotective cell therapy, AdOral® for oral delivery of peptides, and AdoXLong for long-acting peptides, all focused on improving treatments for diabetes and obesity.

Funding History

7
Total raised:$155M
Debt$15M
Grant$5M
IPO$40M
IPO$40M

Opportunities

The global diabetes and obesity markets represent a massive, growing opportunity.
Adocia's platform technology allows it to create differentiated, value-added versions of established therapies, potentially capturing significant market share in ultra-rapid insulin and combination products.
Successful development of its cell therapy or oral delivery platforms could open transformative, curative market segments.

Risk Factors

Key risks include clinical trial failure of the lead Phase 3 asset, financial runway constraints necessitating dilutive financing, and intense competition from large pharmaceutical companies with greater resources.
The company's reliance on licensing partners for commercialization also introduces execution risk.

Competitive Landscape

Adocia competes directly with diabetes giants Novo Nordisk, Eli Lilly, and Sanofi in insulin and GLP-1 markets. Its ultra-rapid insulin faces off against Fiasp and Lyumjev, while its long-acting peptide platform enters a market dominated by semaglutide and tirzepatide. Its cell therapy program competes with other biotech encapsulation approaches.

Company Timeline

2005Founded

Founded in Lyon, France

2010Series B

Series B: $20.0M

2011Series B

Series B: $25.0M

2014IPO

IPO — $40.0M