Ambit Biosciences Corporation

Ambit Biosciences Corporation is a publicly traded company as of May 2013.
Below is PrivCo's archived report for Ambit Biosciences Corporation

Business Summary

Ambit Biosciences Corporation is a privately-held, venture capital backed biotechnology company and was formerly known as Aventa Biosciences Corporation. Ambit Biosciences Corporation is engaged in the development of small molecule therapeutics for the treatment of cancer. Founded in 2000, Ambit Biosciences Corporation is headquartered in San Diego, California.

Overview & Corporate Organization

Basic Information

Company Tags:PE Backed
VC Backed
Year Founded:2000
Formerly Named:Aventa Biosciences Corporation
Fiscal Year End:12/31
1YR Revenue Growth Rate:View %
1YR Employee Growth Rate:View %
City:San Diego
State/Province:California
Country:United States
Phone:View
Fax:View
Website:www.ambitbio.com

Industry Information

Industry Codes

PICS™:1500199
NAICS:View
SIC:View

PrivCo Industries (Sector > Industry > Sub-Industry)

Technology > Biotechnology > Other Biotechnology

The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.

Ownership

PrivCo's Ownership table displays who owns Ambit Biosciences Corporation, including owner name, each type of owner (whether family, individual, private equity firm, etc.)
Owner NameType of Owner% Ownership Stake
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Charts, Financials, and Statistics (Table Format)

Below are Ambit Biosciences Corporation financials and other business metrics displayed in table format.
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Income Statement20122011201020092008
Other Sales Revenue, Net - Services  ViewViewView
Revenue from ContractViewView   
Other Operating Revenue  ViewViewView
Revenue  ViewViewView
Cost of Services - Other  ViewViewView
General and Administrative ExpensesViewViewViewViewView
In - Process Research and Development  ViewViewView
Research and Development Expense (Excluding In - Process)ViewViewViewViewView
Total Operating Expenses excluding costs ViewViewViewViewView
Operating Income/(Loss)ViewViewViewViewView
Interest ExpenseViewViewViewViewView
Gain/(Loss) on Sale of BusinessViewView   
Other Nonoperating-Asset Related IncomeViewView   
Nonoperating Income - OtherViewView   
Nonoperating Income/(Expense) - Other  ViewViewView
Nonoperating Income/(Expense)ViewViewViewViewView
Income/(Loss) from Continuing Operations Before Income TaxesViewViewViewViewView
Provision for Income TaxesViewViewViewViewView
Minority Interest, Net of Tax EffectViewViewViewViewView
Net IncomeViewViewViewViewView
Other Preferred Stock Dividends and AdjustmentsViewViewViewViewView
Net Income Applicable to Common StockholdersViewViewViewViewView
Comprehensive Foreign Currency Exchange Gains/(Losses)ViewView   
Total Comprehensive Net Income ViewView   
Balance Sheet2012201120102009
Cash and Cash EquivalentsViewViewViewView
Short-Term Investments  ViewView
Current Restricted Cash  ViewView
Net Accounts Receivable TradeViewViewViewView
Prepaid ExpensesViewViewViewView
Current Assets Held-for-Sale   ViewView
Current Assets ViewViewViewView
Net Property, Plant and EquipmentViewViewViewView
Noncurrent Other Assets ViewViewViewView
AssetsViewViewViewView
Employee Related LiabilitiesViewViewViewView
Other Accounts Payable and Accrued Expenses ViewViewViewView
Current Deferred/(Unearned) Revenue ViewViewViewView
Current Notes Payable ViewViewViewView
Current Liabilities Held for Sale   ViewView
Current Other Liabilities ViewView  
Current Liabilities ViewViewViewView
Notes Payable - Long-TermViewViewViewView
Derivative Liabilities - Long-Term  ViewView
Minority InterestViewViewViewView
Deferred/(Unearned) Revenue - Long-TermViewViewViewView
Noncurrent Other Liabilities ViewViewViewView
Convertible Preferred Stock ObligationsViewViewViewView
Redeemable Preferred Stock Obligations  ViewView
Redeemable Convertible Preferred Stock Obligations  ViewView
Common Stock - Value (Excluding Additional Paid in Capital)ViewViewViewView
Additional Paid in CapitalViewViewViewView
Retained EarningsViewViewViewView
Other Accumulated Comprehensive Income, Net of Tax EffectViewViewViewView
Equity - Other  ViewView
Stockholders' EquityViewViewViewView
Liabilities and Stockholders' EquityViewViewViewView
Cash Flow Statement20122011201020092008
Operating Activities Beginning Net IncomeViewViewViewViewView
Amortization  ViewViewView
Depreciation and AmortizationViewViewViewViewView
Adjustment In-Process Research and Development  ViewViewView
Total Adjustments to Provision for Doubtful Accounts ViewView   
Gain/(Loss) on Sale/Retirement of Property, Plant and EquipmentViewViewViewViewView
Adjustments to Gain/(Loss) on Sale of BusinessViewView   
Adjustment Deferred RevenueViewViewViewViewView
Adjustment for Equity Based Compensation ExpenseViewViewViewViewView
Adjustment DerivativesViewView   
Adjustments to Other Deferred ChargesViewViewViewViewView
Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease)  ViewViewView
Noncash Expenses - OtherViewViewViewViewView
Change Accounts ReceivableViewViewViewViewView
Current Increase/(Decrease) in Notes Receivable - Related Parties   ViewViewView
Change Assets Held for Sale  ViewViewView
Change Deposit Other Assets  ViewViewView
Change Prepaid Expenses Other Current AssetsViewViewViewViewView
Increase/(Decrease) in Accounts Payable and Accrued ExpensesViewViewViewViewView
Net Increase/(Decrease) in Interest Payable  ViewViewView
Increase/(Decrease) in Employee Related LiabilitiesViewViewViewViewView
Net Cash Flows Provided By/(Used In) Operating ActivitiesViewViewViewViewView
Purchase of Property, Plant and EquipmentViewViewViewViewView
Increase Decrease Restricted Funds  ViewViewView
Proceeds from Divestiture of BusinessViewView   
Net Proceeds from Sale of Short-Term Investments  ViewViewView
Net Purchase of Short-Term Investments  ViewViewView
Proceeds from Sale of Property, Plant and Equipment  ViewViewView
Net Cash Flows Provided By/(Used In) Investing ActivitiesViewViewViewViewView
Proceeds from Notes PayableViewViewViewViewView
Repayments on Notes PayableViewViewViewViewView
Proceeds from Issuance of Common StockViewView   
Proceeds from Issuance of Convertible Preferred StockViewViewViewViewView
Proceeds from Stock Options Exercised  ViewViewView
Proceeds Issuance Minority Interest  ViewViewView
Increase/(Decrease) in Other EquityViewView   
Repurchase Initial Public OfferingViewView   
Stock Issuance Costs  ViewViewView
Net Cash Flows Provided By/(Used In) Financing ActivitiesViewViewViewViewView
Effect of Exchange Rate on Cash and Cash EquivalentsViewViewViewViewView
Increase/(Decrease) in Cash and Cash EquivalentsViewViewViewViewView
Cash and cash equivalents at the beginning of the yearViewViewViewViewView
Total Cash and cash equivalents at the end of the year ViewViewViewViewView
Income Taxes PaidViewViewViewViewView
Cash Interest ExpenseViewViewViewViewView
Conversion of Debt Securities  ViewViewView
Stock Issued  ViewViewView
Supplemental Other NetViewView   
Notes
Financial Notes:
*Ambit Biosciences Corporation fiscal year end: 12/31
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Charts, Financials, and Statistics (Graphs)

Below are Ambit Biosciences Corporation financials and other business metrics displayed in table format.
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Ambit Biosciences Corporation Other Sales Revenue, Net - Services ($ MM):
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Ambit Biosciences Corporation Revenue from Contract ($ MM):
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Ambit Biosciences Corporation Other Operating Revenue ($ MM):
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Ambit Biosciences Corporation General and Administrative Expenses ($ MM):
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Ambit Biosciences Corporation In - Process Research and Development ($ MM):
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Ambit Biosciences Corporation Research and Development Expense (Excluding In - Process) ($ MM):
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Ambit Biosciences Corporation Total Operating Expenses excluding costs ($ MM):
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Ambit Biosciences Corporation Operating Income/(Loss) ($ MM):
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Ambit Biosciences Corporation Interest Expense ($ MM):
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Ambit Biosciences Corporation Gain/(Loss) on Sale of Business ($ MM):
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Ambit Biosciences Corporation Other Nonoperating-Asset Related Income ($ MM):
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Ambit Biosciences Corporation Nonoperating Income/(Expense) ($ MM):
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Ambit Biosciences Corporation Income/(Loss) from Continuing Operations Before Income Taxes ($ MM):
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Ambit Biosciences Corporation Provision for Income Taxes ($):
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Ambit Biosciences Corporation Minority Interest, Net of Tax Effect ($ MM):
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Ambit Biosciences Corporation Net Income ($ MM):
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Ambit Biosciences Corporation Other Preferred Stock Dividends and Adjustments ($ MM):
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Ambit Biosciences Corporation Net Income Applicable to Common Stockholders ($ MM):
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Ambit Biosciences Corporation Comprehensive Foreign Currency Exchange Gains/(Losses) ($):
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Ambit Biosciences Corporation Total Comprehensive Net Income ($ MM):
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Ambit Biosciences Corporation Cash and Cash Equivalents ($ MM):
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Ambit Biosciences Corporation Short-Term Investments ($ MM):
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Ambit Biosciences Corporation Current Restricted Cash ($):
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Ambit Biosciences Corporation Net Accounts Receivable Trade ($ MM):
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Ambit Biosciences Corporation Prepaid Expenses ($ MM):
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Ambit Biosciences Corporation Current Assets Held-for-Sale ($ MM):
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Ambit Biosciences Corporation Current Assets ($ MM):
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Ambit Biosciences Corporation Net Property, Plant and Equipment ($ MM):
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Ambit Biosciences Corporation Noncurrent Other Assets ($):
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Ambit Biosciences Corporation Assets ($ MM):
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Ambit Biosciences Corporation Employee Related Liabilities ($ MM):
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Ambit Biosciences Corporation Other Accounts Payable and Accrued Expenses ($ MM):
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Ambit Biosciences Corporation Current Deferred/(Unearned) Revenue ($ MM):
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Ambit Biosciences Corporation Current Notes Payable ($ MM):
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Ambit Biosciences Corporation Current Liabilities Held for Sale ($ MM):
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Ambit Biosciences Corporation Current Other Liabilities ($ MM):
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Ambit Biosciences Corporation Current Liabilities ($ MM):
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Ambit Biosciences Corporation Notes Payable - Long-Term ($ MM):
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Ambit Biosciences Corporation Minority Interest ($ MM):
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Ambit Biosciences Corporation Deferred/(Unearned) Revenue - Long-Term ($ MM):
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Ambit Biosciences Corporation Noncurrent Other Liabilities ($):
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Ambit Biosciences Corporation Convertible Preferred Stock Obligations ($ MM):
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Ambit Biosciences Corporation Redeemable Preferred Stock Obligations ($ MM):
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Ambit Biosciences Corporation Common Stock - Value (Excluding Additional Paid in Capital) ($):
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Ambit Biosciences Corporation Retained Earnings ($ MM):
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Ambit Biosciences Corporation Other Accumulated Comprehensive Income, Net of Tax Effect ($):
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Ambit Biosciences Corporation Equity - Other ($):
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Ambit Biosciences Corporation Stockholders' Equity ($ MM):
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Ambit Biosciences Corporation Liabilities and Stockholders' Equity ($ MM):
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Ambit Biosciences Corporation Operating Activities Beginning Net Income ($ MM):
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Ambit Biosciences Corporation Amortization ($):
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Ambit Biosciences Corporation Depreciation and Amortization ($ MM):
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Ambit Biosciences Corporation Adjustment In-Process Research and Development ($ MM):
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Ambit Biosciences Corporation Total Adjustments to Provision for Doubtful Accounts ($):
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Ambit Biosciences Corporation Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment ($):
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Ambit Biosciences Corporation Adjustments to Gain/(Loss) on Sale of Business ($ MM):
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Ambit Biosciences Corporation Adjustment Deferred Revenue ($ MM):
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Ambit Biosciences Corporation Adjustment for Equity Based Compensation Expense ($ MM):
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Ambit Biosciences Corporation Adjustment Derivatives ($ MM):
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Ambit Biosciences Corporation Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) ($):
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Ambit Biosciences Corporation Noncash Expenses - Other ($ MM):
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Ambit Biosciences Corporation Change Accounts Receivable ($ MM):
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Ambit Biosciences Corporation Change Assets Held for Sale ($ MM):
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Ambit Biosciences Corporation Increase/(Decrease) in Accounts Payable and Accrued Expenses ($ MM):
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Ambit Biosciences Corporation Increase/(Decrease) in Employee Related Liabilities ($ MM):
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Ambit Biosciences Corporation Net Cash Flows Provided By/(Used In) Operating Activities ($ MM):
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Ambit Biosciences Corporation Purchase of Property, Plant and Equipment ($ MM):
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Ambit Biosciences Corporation Increase Decrease Restricted Funds ($):
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Ambit Biosciences Corporation Proceeds from Divestiture of Business ($):
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Ambit Biosciences Corporation Net Proceeds from Sale of Short-Term Investments ($ MM):
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Ambit Biosciences Corporation Net Purchase of Short-Term Investments ($ MM):
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Ambit Biosciences Corporation Proceeds from Sale of Property, Plant and Equipment ($):
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Ambit Biosciences Corporation Net Cash Flows Provided By/(Used In) Investing Activities ($ MM):
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Ambit Biosciences Corporation Proceeds from Notes Payable ($ MM):
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Ambit Biosciences Corporation Repayments on Notes Payable ($ MM):
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Ambit Biosciences Corporation Proceeds from Issuance of Common Stock ($):
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Ambit Biosciences Corporation Proceeds from Issuance of Convertible Preferred Stock ($ MM):
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Ambit Biosciences Corporation Proceeds from Stock Options Exercised ($):
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Ambit Biosciences Corporation Proceeds Issuance Minority Interest ($ MM):
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Ambit Biosciences Corporation Increase/(Decrease) in Other Equity ($ MM):
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Ambit Biosciences Corporation Repurchase Initial Public Offering ($):
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Ambit Biosciences Corporation Net Cash Flows Provided By/(Used In) Financing Activities ($ MM):
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Ambit Biosciences Corporation Effect of Exchange Rate on Cash and Cash Equivalents ($ MM):
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Ambit Biosciences Corporation Increase/(Decrease) in Cash and Cash Equivalents ($ MM):
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Ambit Biosciences Corporation Cash and cash equivalents at the beginning of the year ($ MM):
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Ambit Biosciences Corporation Total Cash and cash equivalents at the end of the year ($ MM):
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Ambit Biosciences Corporation Income Taxes Paid ($):
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Ambit Biosciences Corporation Cash Interest Expense ($ MM):
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Ambit Biosciences Corporation Stock Issued ($ MM):
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Ambit Biosciences Corporation Supplemental Other Net ($ MM):
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VC/Funding Activity

PrivCo's VC/Funding Activity table for Ambit Biosciences Corporation displays the venture capital rounds, angel investments, debt or other funding raised by Ambit Biosciences Corporation.
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DateInvestorRoundInvestor Type
Dec. 2000Unspecified InvestorsSeed
DetailsTotal Round Seed $2,000,000
Jun. 2001Aisling CapitalAPrivate Equity
Jun. 2001Forward VenturesAVenture Capital
Jun. 2001Unspecified InvestorsA
DetailsTotal Round A $8,800,000
Nov. 2001Aisling CapitalBPrivate Equity
Nov. 2001Forward VenturesBVenture Capital
Nov. 2001Baker-Tisch InvestmentsBOther Investment Firm
DetailsTotal Round B $10,000,000
May. 2002Avalon VenturesFundingVenture Capital
May. 2002Forward VenturesFundingVenture Capital
May. 2002Gimv NVFundingPrivate Equity
May. 2002Perseus LLCFundingPrivate Equity
DetailsTotal Round Funding $18,800,000
Aug. 2004Avalon VenturesCVenture Capital
Aug. 2004F. Hoffmann-La Roche LtdCCorporate
DetailsTotal Round C $21,000,000
Mar. 2005Avalon VenturesFundingVenture Capital
Mar. 2005F. Hoffmann-La Roche LtdFundingCorporate
Mar. 2005Forward VenturesFundingVenture Capital
Mar. 2005GeneChem Management Inc.FundingVenture Capital
Mar. 2005Gimv NVFundingPrivate Equity
Mar. 2005Lumira Capital CorporationFundingVenture Capital
Mar. 2005GrowthWorks Capital Ltd.FundingVenture Capital
Mar. 2005Perseus LLCFundingPrivate Equity
DetailsTotal Round Funding $1,430,000
May. 2005Aisling CapitalCPrivate Equity
May. 2005Avalon VenturesCVenture Capital
May. 2005F. Hoffmann-La Roche LtdCCorporate
May. 2005Forward VenturesCVenture Capital
May. 2005GeneChem Management Inc.CVenture Capital
May. 2005Gimv NVCPrivate Equity
May. 2005GrowthWorks Capital Ltd.CVenture Capital
DetailsTotal Round C $50,000,000
Nov. 2007ViewDPrivate Equity
Nov. 2007ViewDVenture Capital
Nov. 2007ViewDPrivate Equity
Nov. 2007ViewDVenture Capital
Nov. 2007ViewDPrivate Equity
Nov. 2007ViewDVenture Capital
Nov. 2007ViewDPrivate Equity
Nov. 2007ViewDVenture Capital
Nov. 2007ViewDVenture Capital
Nov. 2007ViewDVenture Capital
Nov. 2007ViewDPrivate Equity
Nov. 2007ViewDVenture Capital
DetailsTotal Round D View
Oct. 2010ViewDebt FundingVenture Capital
DetailsTotal Round Debt Funding View
May. 2011ViewDPrivate Equity
May. 2011ViewDPrivate Equity
May. 2011ViewDVenture Capital
May. 2011ViewDVenture Capital
May. 2011ViewDVenture Capital
May. 2011ViewDVenture Capital
May. 2011ViewDVenture Capital
May. 2011ViewDPrivate Equity
May. 2011ViewDVenture Capital
May. 2011ViewDPrivate Equity
May. 2011ViewDVenture Capital
DetailsTotal Round D View
May. 2012ViewWarrantVenture Capital
DetailsTotal Round Warrant View
Nov. 2012ViewEPrivate Equity
Nov. 2012ViewEPrivate Equity
Nov. 2012ViewEPrivate Equity
Nov. 2012ViewEPrivate Equity
Nov. 2012ViewEVenture Capital
Nov. 2012ViewEVenture Capital
Nov. 2012ViewEVenture Capital
Nov. 2012ViewEVenture Capital
Nov. 2012ViewEVenture Capital
DetailsTotal Round E View
Total of Funding Shown Above View

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Public / Private History (PPH™)

Many private companies were once public or have attempted to go public in the past. Since mapping a private company's Public/Private History (PPH)™ can often be complicated and take time, we've created PrivCo's Public/Private History (PPH)™ Table to assist.
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DateDeal TypeActionResulting StatusValuationAmount RaisedPublic Ticker
DetailsJun. 2011ViewViewView1ViewViewView
DetailsMay. 2013ViewViewView2ViewViewView
Notes
1Ambit withdrew its...Read More →
2Ambit Biosciences Corporation raised $65,000,000...Read More →
Full-length notes are available with Single Report Access or PrivCo Premium Subscription.

Supplemental Resources

For additional information on Ambit Biosciences Corporation, you can see the following: