Xeris Biopharma

Xeris Biopharma

XERS
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Private Company

Total funding raised: $250M

Market Cap: $1.1BFounded: 2005Employees: 251-500HQ: Chicago, United States

Overview

Xeris Biopharma is a commercial-stage company focused on transforming drug delivery through its proprietary formulation platforms, XeriSol™ and XeriJect™, which enable stable, ready-to-use injectables. Its strategy is anchored by the commercial success of Gvoke® (glucagon) for severe hypoglycemia and a pipeline targeting neurology and cardiology. The company aims to improve patient care by eliminating reconstitution, enabling home administration, and reducing healthcare system burdens through its innovative delivery solutions.

EndocrinologyNeurologyCardiology

Technology Platform

Proprietary non-aqueous formulation platforms, XeriSol™ and XeriJect™, designed to create highly concentrated, stable, ready-to-use liquid injectables for poorly soluble drugs, eliminating reconstitution and cold-chain needs.

Funding History

5
Total raised:$250M
PIPE$50M
IPO$75M
Series C$60M
Series B$45M

Opportunities

Significant growth potential lies in capturing a larger share of the glucagon rescue market with Gvoke's superior delivery format.
The proprietary technology platform also presents a major opportunity for high-margin licensing deals and co-development partnerships with large pharma companies facing formulation challenges.

Risk Factors

Key risks include intense competition in core markets, potential challenges in achieving sustained commercial traction for its products, and the early-stage nature of its internal pipeline which carries high clinical development risk.
The company also remains unprofitable and may require additional capital.

Competitive Landscape

Faces direct competition in glucagon from Eli Lilly's Baqsimi and traditional kits. In rare diseases, competes with other approved therapies and off-label options. As a platform, competes with other drug delivery technology providers, but differentiates with its proven regulatory success in ready-to-use injectables.

Company Timeline

2005Founded

Founded in Chicago, United States

2018IPO

IPO — $75.0M

2018Series C

Series C: $60.0M

2020PIPE

PIPE: $50.0M