BioAge Labs Inc
BIOAHealthcare·Drug Manufacturers - Specialty & Generic·USA·Micro·NASD·Nov 11 • 3:59 PM ET
5.87+0.09 (1.56%)
2026-11-12 03:55 CET
Market cap
269.78 USD m
Revenue, TTM
8.60 USD m
Net income, TTM
-107.80 USD m
Free cash flow, TTM
-103.00 USD m
EPS diluted, TTM
-2.55
P/E
-
Price
BIOA against its 20, 50 and 200-day averages2050200miss
77.4% under the 52-week high of 25.96 on 6 Jul 2026. 52-week low 4.81 on 16 Oct 2026. Last 15 sessions, 28.0% high to low
Volume 0.59× normal · the line is the 50-bar volume average
Profile
BIOA52-week range, 5% of the way up
4.8125.95
BioAge Labs, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of therapeutic products for metabolic diseases, such as obesity, by targeting the biology of human beings. It offers Azelaprag, a potential oral therapeutic for obesity, followed by several earlier-stage metabolic programs. The company was founded by Kristen Fortney and Eric Morgen on April 1, 2015 and is headquartered in Emeryville, CA.
| Index | RUT |
|---|---|
| Employees | 62 |
| IPO | Sep 26, 2024 |
| Beta | 1.19 |
| ATR, 14d | 0.45 |
| Rel volume | 0.59 |
| Short float | 11.85% |
| Insider own | 31.58% |
| Inst own | 61.62% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 269.78M |
| Enterprise Value | -11.13M |
| Income | -107.80M |
| Sales | 8.60M |
| Book/sh | 7.54 |
| Cash/sh | 6.17 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 62 |
| IPO | Sep 26, 2024 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 31.37 |
| P/B | 0.78 |
| P/C | 0.95 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | -1.29 |
| Quick Ratio | 15.51 |
| Current Ratio | 15.51 |
| Debt/Eq | 0.01 |
| LT Debt/Eq | 0.01 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -2.55 |
|---|---|
| EPS next Y | -2.57 |
| EPS next Q | -0.74 |
| EPS this Y | -16.52% |
| EPS next Y | 1.46% |
| EPS next 5Y | -4.97% |
| EPS past 3/5Y | -24.49% - |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | -20.81% |
| Sales Y/Y TTM | 45.33% |
| EPS Q/Q | -29.72% |
| Sales Q/Q | -85.49% |
| Earnings | Nov 05 AMC |
| EPS/Sales Surpr. | -15.01% -79.83% |
Ownership
| Insider Own | 31.58% |
|---|---|
| Insider Trans | -0.43% |
| Inst Own | 61.62% |
| Inst Trans | 11.40% |
| ROA | -32.05% |
| ROE | -34.56% |
| ROIC | -30.94% |
| Gross Margin | 96.72% |
| Oper. Margin | -1401.81% |
| Profit Margin | -1253.60% |
| SMA20 | 5.75% |
| SMA50 | -13.17% |
| SMA200 | -61.51% |
| Trades | - |
Technical
| Shs Outstand | 45.95M |
|---|---|
| Shs Float | 31.44M |
| Short Float | 11.85% |
| Short Ratio | 5.05 |
| Short Interest | 3.73M |
| 52W High | 25.95 -77.38% |
| 52W Low | 4.81 22.04% |
| Volatility | 7.91% 7.89% |
| ATR (14) | 0.45 |
| RSI (14) | 46.87 |
| Beta | 1.19 |
| Rel Volume | 0.59 |
| Avg Volume | 737.94K |
| Volume | 436,726 |
Performance
| Perf Week | -1.34% |
|---|---|
| Perf Month | 5.39% |
| Perf Quarter | -43.72% |
| Perf Half Y | -69.33% |
| Perf YTD | -55.63% |
| Perf Year | -25.03% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.60 |
| Target Price | 28.56 |
| Prev Close | 5.78 |
| Price | 5.87 |
| Change % | 1.56% |
Analyst ratings
latest 10 of 16| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Oct 12, 2026 | Initiated | UUBS | Neutral | $8 | +36.3% |
| May 27, 2026 | Initiated | RRoth Capital | Buy | $36 | +513.3% |
| May 13, 2026 | Initiated | BBTIG Research | Buy | $40 | +581.4% |
| Mar 27, 2026 | Initiated | NNeedham | Buy | $50 | +751.8% |
| Feb 25, 2026 | Initiated | OOppenheimer | Outperform | $60 | +922.1% |
| Feb 18, 2026 | Upgrade | JJefferies | Hold → Buy | $62 | +956.2% |
| Jan 27, 2026 | Initiated | PPiper Sandler | Overweight | $73 | +1,143.6% |
| Dec 05, 2025 | Upgrade | MMorgan Stanley | Underweight → Equal-Weight | $12 | +104.4% |
| Oct 22, 2025 | Upgrade | CCitigroup | Neutral → Buy | $10 | +70.4% |
| Feb 28, 2025 | Initiated | WWilliam Blair | Mkt Perform |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| ALT | Altimmune Inc | 375.41M |
| GPCR | Structure Therapeutics Inc ADR | 1.49B |
| EYPT | EyePoint Inc | 30.74M |
| KOD | Kodiak Sciences Inc | 6.87B |
| NAMS | NewAmsterdam Pharma Company NV | 2.48B |
| MLYS | Mineralys Therapeutics Inc | 1.43B |
| OCUL | Ocular Therapeutix Inc | 1.47B |
| CRBP | Corbus Pharmaceuticals Holdings Inc | 77.36M |
| VKTX | Viking Therapeutics Inc | 3.63B |
| NVO | Novo Nordisk ADR | 137.48B |
Insider trading
latest 14 of 33| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Barton Shane | Principal Accounting Officer | Jun 29 '26 | Option Exercise | 6.61 | 39,718 | 262,542 | 42,350 | Jul 01 04:27 PM |
| Barton Shane | Principal Accounting Officer | Jun 30 '26 | Option Exercise | 6.53 | 20,216 | 132,017 | 20,216 | Jul 01 04:27 PM |
| Barton Shane | Principal Accounting Officer | Jun 29 '26 | Sale | 25.21 | 42,350 | 1,067,576 | 0 | Jul 01 04:27 PM |
| Barton Shane | Principal Accounting Officer | Jun 30 '26 | Sale | 25.19 | 20,216 | 509,176 | 0 | Jul 01 04:27 PM |
| Barton Shane | Officer | Jun 30 '26 | Proposed Sale | 25.19 | 20,216 | 509,177 | Jun 30 04:21 PM | |
| Barton Shane | Officer | Jun 29 '26 | Proposed Sale | 25.21 | 42,350 | 1,067,578 | Jun 29 04:35 PM | |
| GOLDSTEIN DOV A MD | Chief Financial Officer | Apr 23 '26 | Option Exercise | 4.38 | 3,542 | 15,514 | 36,575 | Apr 24 04:19 PM |
| RUBIN PAUL D | Chief Medical Officer | Apr 01 '26 | Option Exercise | 5.05 | 8,820 | 44,572 | 8,820 | Apr 03 04:07 PM |
| RUBIN PAUL D | Chief Medical Officer | Apr 01 '26 | Sale | 17.81 | 8,820 | 157,084 | 0 | Apr 03 04:07 PM |
| RUBIN PAUL D | Officer | Apr 01 '26 | Proposed Sale | 17.81 | 8,820 | 157,084 | Apr 01 10:53 AM | |
| RUBIN PAUL D | Chief Medical Officer | Mar 02 '26 | Option Exercise | 4.77 | 7,433 | 35,470 | 7,433 | Mar 03 04:46 PM |
| RUBIN PAUL D | Chief Medical Officer | Mar 02 '26 | Sale | 20.30 | 7,433 | 150,890 | 0 | Mar 03 04:46 PM |
| GOLDSTEIN DOV A MD | Chief Financial Officer | Mar 01 '26 | Option Exercise | 4.38 | 3,542 | 15,514 | 33,033 | Mar 03 04:44 PM |
| RUBIN PAUL D | Officer | Mar 02 '26 | Proposed Sale | 20.03 | 7,433 | 148,883 | Mar 02 10:17 AM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| XPH | State Street SPDR S&P Pharmaceuticals ETF | AUM: 516.35M |
| IWN | iShares Russell 2000 Value ETF | AUM: 14.10B |
| IBB | iShares Biotechnology ETF | AUM: 11.36B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| DFAS | U.S. Small Cap Portfolio-ETF Class Shares | AUM: 15.51B |
| FESM | Fidelity Enhanced Small Cap Core ETF | AUM: 6.82B |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
News
latest 14 of 100- BioAge Labs to Present at Upcoming Investor Conferences (GlobeNewswire)
- BioAge Labs Reports Third Quarter 2026 Financial Results and Provides Business Updates (GlobeNewswire) -6.89%
- BioArctic collaborator Novartis terminates agreement (PR Newswire)
- BioArctic's Nomination Committee appointed (PR Newswire)
- BioAge Labs to Present at Upcoming Investor Conferences (GlobeNewswire)
- BioAge Labs Announces First Participant Dosed in QUELL-DME, a Phase 2 Trial of BGE-102, a Novel Oral NLRP3 Inhibitor, in Diabetic Macular Edema (GlobeNewswire)
- BioAge Labs to Present at Upcoming Investor Conferences (GlobeNewswire)
- Number of shares and votes in BioArctic AB (publ) as of August 31, 2026 (PR Newswire)
- BioAge Labs Reports Second Quarter 2026 Financial Results and Provides Business Updates (GlobeNewswire)
- BIOA, GLUE Stocks Clock Worst Day In Years Whats The NVO Connection? (Stocktwits) -63.62% +19.25%
- More than 75% of Leqembi-treated patients remained stable and nearly 7% improved over an average of 17 months of treatment in real-world LEADER study data presented at AAIC 2026 (PR Newswire)
- BioAge Labs Announces First Participant Dosed in QUELL-CV, a Phase 2 Proof-of-Concept Trial of BGE-102, a Novel Oral NLRP3 Inhibitor, in Patients at Elevated Cardiovascular Risk (GlobeNewswire)
- BioAge Labs to Present at Upcoming Investor Conferences (GlobeNewswire)
- Cell-Based Therapies Poised to Disrupt Multi-Billion-Dollar Anti-Aging and Neurodegenerative Markets (PR Newswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-05 | -0.730 | -0.635 | -0.713 | 0.30 | 1.48 | 10 |
| 2026Q2 | 2026-08-05 | -0.580 | -0.607 | -0.582 | 2.45 | 1.50 | 10 |
| 2026Q1 | 2026-05-08 | -0.520 | -0.640 | -0.524 | 2.77 | 1.08 | 7 |
| 2025Q4 | 2026-03-24 | -0.720 | -0.738 | -0.719 | 3.07 | 1.40 | 7 |
| 2025Q3 | 2025-11-06 | -0.560 | -0.584 | -0.563 | 2.05 | 0.78 | 5 |
| 2025Q2 | 2025-08-06 | -0.600 | -0.482 | -0.602 | 2.41 | 0.00 | 5 |
| 2025Q1 | 2025-05-06 | -0.360 | -0.529 | -0.361 | 1.35 | 0.00 | 5 |
| 2024Q4 | 2025-03-20 | -1.077 | -0.829 | -0.589 | 0.00 | 0.00 | 4 |
| 2024Q3 | 2024-11-07 | -6.700 | -0.677 | -0.685 | 0.00 | 0.00 | 4 |
| 2024Q2 | 2024-08-28 | -0.467 | - | -0.398 | 0.00 | - | - |
| 2026Q4 | - | - | -0.739 | - | - | 1.02 | 11 |
| 2027Q1 | - | - | -0.656 | - | - | 0.29 | 7 |
| 2027Q2 | - | - | -0.659 | - | - | 0.29 | 7 |
| 2027Q3 | - | - | -0.613 | - | - | 5.91 | 7 |
| 2027Q4 | - | - | -0.533 | - | - | 0.27 | 6 |
| 2028Q1 | - | - | -0.558 | - | - | - | 2 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2024FY | -6.630 | -3.636 | -1.984 | 0.00 | 0.00 |
| 2025FY | -2.240 | -2.267 | -2.168 | 9.00 | 7.11 |
| 2026FY | - | -2.610 | - | - | 6.67 |
| 2027FY | - | -2.572 | - | - | 6.97 |
| 2028FY | - | -2.591 | - | - | 2.59 |
| 2029FY | - | -2.846 | - | - | 3.69 |
| 2030FY | - | -2.758 | - | - | 40.52 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-06 | 10 | 0 | 1 | 1.02 | 0.00 | 3.11 |
| 2026Q4 | S | 2026-10-20 | 10 | 0 | 0 | 1.22 | 0.00 | 3.11 |
| 2026Q4 | S | 2026-10-14 | 10 | 1 | 0 | 1.22 | 0.00 | 3.11 |
| 2026Q4 | S | 2026-10-13 | 10 | 2 | 0 | 1.22 | 0.00 | 3.11 |
| 2026Q4 | S | 2026-10-09 | 10 | 2 | 1 | 1.22 | 0.00 | 3.11 |
| 2026Q4 | S | 2026-08-06 | 9 | 2 | 1 | 1.27 | 0.00 | 3.11 |
| 2026Q4 | S | 2026-07-31 | 9 | 1 | 1 | 1.24 | 0.00 | 3.11 |
| 2026Q4 | S | 2026-07-30 | 9 | 0 | 1 | 1.21 | 0.00 | 3.11 |
| 2026Q4 | S | 2026-07-22 | 9 | 0 | 0 | 53.98 | 0.00 | 475 |
| 2026Q4 | S | 2026-05-26 | 9 | 0 | 1 | 53.98 | 0.00 | 475 |
| 2026Q4 | S | 2026-05-12 | 8 | 0 | 1 | 60.61 | 0.00 | 475 |
| 2026Q4 | S | 2026-05-08 | 7 | 0 | 1 | 68.82 | 0.00 | 475 |
| 2026Q4 | S | 2026-04-29 | 6 | 0 | 0 | 80.25 | 0.00 | 475 |
| 2026Q4 | S | 2026-04-02 | 6 | 1 | 0 | 80.25 | 0.00 | 475 |
Estimate history
| EPS, annual | -1.163 | -1.867 | -1.984 | -2.243 | -2.5541 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| EPS, quarterly | -0.685 | -0.589 | -0.361 | -0.602 | -0.563 | -0.719 | -0.524 | -0.582 | -0.73 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 0 | 0 | 0 | 8.995 | 8.6 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| Sales, quarterly | 0 | 0 | 1.451 | 2.412 | 2.054 | 3.078 | 2.772 | 2.451 | 0.298 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 34.167 | 34.197 | 35.85 | 37.387 | 45.951 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | MRQ | ||||
| Shares, quarterly | 34.197 | 35.85 | 35.85 | 35.85 | 35.85 | 37.387 | 44.387 | 45.777 | 45.951 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Total Revenue | 8.60 | 8.99 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.28 | 0.21 | 0.17 | 0.16 | 0.13 |
| Gross Profit | 8.32 | 8.78 | -0.17 | -0.16 | -0.13 |
| Selling, General and Administrative Excl. Other | 128.86 | 101.56 | 78.03 | 48.24 | 39.84 |
| Research and Development | 99.51 | 73.97 | 59.04 | 33.89 | 30.52 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -120.54 | -92.78 | -78.19 | -48.40 | -39.97 |
| Interest Expense | 0.13 | 0.70 | 2.37 | 7.79 | 0.24 |
| Unusual Expense | 0.01 | 0.21 | 0.18 | 10.09 | -0.02 |
| Net Income Before Taxes | -107.80 | -80.61 | -71.11 | -63.85 | -39.72 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -107.80 | -80.61 | -71.11 | -63.85 | -39.72 |
| Net Income From Continuing Operations | -107.80 | -80.61 | -71.11 | -63.85 | -39.72 |
| Net Income | -107.80 | -80.61 | -71.11 | -63.85 | -39.72 |
| EPS (Recurring) | -2.35 | -2.24 | -1.98 | -1.66 | -1.16 |
| EPS (Basic, Before Extraordinaries) | -2.55 | -2.24 | -1.98 | -1.87 | -1.16 |
| EPS (Diluted) | -2.55 | -2.24 | -1.98 | -1.87 | -1.16 |
| EBITDA | -120.26 | -92.57 | -78.03 | -48.24 | -39.84 |
| Non-Operating Income (Expense) | 12.89 | 13.09 | 9.63 | 2.43 | 0.47 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 15.89 | 11.69 | 6.98 | 3.02 | 2.54 |
| Price To Sales Ratio | 37.85 | 52.85 | - | - | - |
| Gross Margin | 96.72 | 97.63 | - | - | - |
| Operating Margin | -1,401.81 | -1,031.46 | - | - | - |
| Net Margin | -1,253.60 | -896.11 | - | - | - |
| Shares Outstanding | 45.95 | 37.39 | 35.85 | 34.20 | 34.17 |
| Market Capitalization | 269.78 | 269.78 | 207.56 | 202.90 | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.30 | 2.45 | 2.77 | 3.08 | 2.05 | 2.41 | 1.45 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.08 | 0.07 | 0.06 | 0.07 | 0.05 | 0.06 | 0.04 | 0.05 |
| Gross Profit | 0.22 | 2.38 | 2.71 | 3.01 | 2.00 | 2.35 | 1.41 | -0.05 |
| Selling, General and Administrative Excl. Other | 37.63 | 31.71 | 28.08 | 31.43 | 25.14 | 27.12 | 17.86 | 25.32 |
| Research and Development | 30.23 | 24.36 | 20.41 | 24.50 | 18.51 | 19.84 | 11.11 | 19.23 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -37.41 | -29.33 | -25.38 | -28.42 | -23.14 | -24.77 | -16.45 | -25.36 |
| Interest Expense | 0.00 | 0.00 | 0.04 | 0.09 | 0.15 | 0.20 | 0.26 | 0.32 |
| Unusual Expense | -0.51 | 0.20 | 0.11 | 0.22 | 0.04 | 0.01 | -0.06 | -0.46 |
| Net Income Before Taxes | -33.50 | -26.10 | -22.25 | -25.94 | -20.17 | -21.56 | -12.93 | -21.13 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -33.50 | -26.10 | -22.25 | -25.94 | -20.17 | -21.56 | -12.93 | -21.13 |
| Net Income From Continuing Operations | -33.50 | -26.10 | -22.25 | -25.94 | -20.17 | -21.56 | -12.93 | -21.13 |
| Net Income | -33.50 | -26.10 | -22.25 | -25.94 | -20.17 | -21.56 | -12.93 | -21.13 |
| EPS (Recurring) | -0.74 | -0.58 | -0.52 | -0.71 | -0.56 | -0.60 | -0.36 | -0.60 |
| EPS (Basic, Before Extraordinaries) | -0.73 | -0.58 | -0.52 | -0.72 | -0.56 | -0.60 | -0.36 | -0.59 |
| EPS (Diluted) | -0.73 | -0.58 | -0.52 | -0.72 | -0.56 | -0.60 | -0.36 | -0.59 |
| EBITDA | -37.33 | -29.26 | -25.31 | -28.35 | -23.09 | -24.71 | -16.41 | -25.32 |
| Non-Operating Income (Expense) | 3.39 | 3.44 | 3.27 | 2.79 | 3.16 | 3.42 | 3.71 | 4.09 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 4.64 | 4.27 | 4.26 | 2.72 | 2.79 | 3.23 | 2.95 | 2.72 |
| Price To Sales Ratio | 37.85 | 106.13 | 72.02 | 53.11 | 35.63 | 38.33 | 92.90 | - |
| Gross Margin | 73.15 | 97.14 | 97.73 | 97.76 | 97.61 | 97.60 | 97.45 | - |
| Operating Margin | -12,554.03 | -1,196.78 | -915.40 | -923.42 | -1,126.58 | -1,026.99 | -1,133.43 | - |
| Net Margin | -11,242.95 | -1,064.75 | -802.78 | -842.85 | -982.04 | -893.99 | -890.97 | - |
| Shares Outstanding | 45.95 | 45.78 | 44.39 | 37.39 | 35.85 | 35.85 | 35.85 | 35.85 |
| Market Capitalization | 269.78 | 1,089.54 | 776.20 | 474.36 | 210.80 | 148.06 | 134.80 | 207.56 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|
| Cash & Short Term Investments | 281.10 | 354.35 | 24.96 | 27.64 |
| Short Term Receivables | 1.97 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 3.73 | 2.75 | 0.35 | 0.39 |
| Total Current Assets | 286.79 | 357.10 | 25.31 | 28.03 |
| Net Property, Plant & Equipment | 3.75 | 0.79 | 0.52 | 0.37 |
| Total Investments and Advances | 4.13 | 0.10 | 0.10 | 0.00 |
| Intangible Assets | - | - | 0.00 | - |
| Deferred Tax Assets | 0.64 | 0.06 | - | - |
| Other Assets | 0.22 | 0.24 | 0.00 | 0.03 |
| Total Assets | 295.53 | 358.29 | 25.92 | 28.43 |
| Short Term Debt Incl. Current Port. of LT Debt | 3.23 | 6.20 | 26.87 | 0.22 |
| Accounts Payable | 2.67 | 2.00 | 1.87 | 2.26 |
| Other Current Liabilities | 14.23 | 19.58 | 29.43 | 3.38 |
| Total Current Liabilities | 20.14 | 27.77 | 58.17 | 5.86 |
| Long Term Debt | 2.33 | 2.50 | 8.20 | 2.25 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 0.64 | 0.06 | - | - |
| Other Liabilities | 0.37 | 4.83 | 0.23 | 0.15 |
| Total Liabilities | 23.48 | 35.17 | 66.60 | 8.27 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 132.72 | 132.72 |
| Common Equity | 272.05 | 323.13 | -173.40 | -112.56 |
| Total Shareholders Equity | 272.05 | 323.13 | -40.67 | 20.16 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 272.05 | 323.13 | -40.67 | 20.16 |
| Total Liabilities & Stockholders Equity | 295.53 | 358.29 | 25.92 | 28.43 |
| Book Value Per Share | 7.28 | 9.01 | -5.07 | -3.29 |
| Tangible Book Value Per Share | 7.28 | 9.01 | -5.07 | -3.29 |
| Full-Time Employees | 62 | 64 | - | - |
| Price to Book Ratio | 0.78 | 0.63 | 0.62 | - |
| Return on Assets | -24.66 | -37.01 | -234.96 | - |
| Return on Equity | -27.09 | -50.35 | - | - |
| Return on Invested Capital | -29.38 | -21.84 | - | -177.21 |
| Quick Ratio | 14.24 | 12.86 | 0.44 | 4.78 |
| Current Ratio | 14.24 | 12.86 | 0.44 | 4.78 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Net Income | -107.80 | -80.61 | -71.11 | -63.85 | -39.72 |
| Depreciation | 0.28 | 0.21 | 0.17 | 0.16 | 0.13 |
| Other Funds (Non Cash) | 12.95 | 10.59 | 8.24 | 19.62 | 2.62 |
| Funds from Operations | -94.56 | -69.80 | -62.70 | -44.07 | -36.98 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -7.95 | -11.83 | 11.18 | 6.71 | 0.80 |
| Cash from Operating Activities | -102.52 | -81.63 | -51.52 | -37.36 | -36.18 |
| Capital Expenditures | -0.48 | -0.72 | -0.37 | -0.17 | -0.10 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -217.67 | -94.50 | 0.00 | -0.10 | 0.00 |
| Purchase of Investments | -385.18 | -154.75 | 0.00 | -0.10 | 0.00 |
| Sale Or Maturity of Investments | 167.51 | 60.25 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -218.15 | -95.22 | -0.37 | -0.27 | -0.10 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 161.94 | 17.47 | 387.20 | 0.00 | 0.04 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 161.94 | 17.47 | 387.20 | 0.00 | 0.04 |
| Proceedsfrom Stock Options | 155.99 | 16.75 | 386.56 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -4.16 | -6.00 | -6.00 | 34.94 | 2.46 |
| Change in Long Term Debt | -4.16 | -6.00 | -6.00 | 11.44 | 2.46 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 12.44 | 2.46 |
| Reduction of Long Term Debt | -4.16 | -6.00 | -6.00 | -1.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 157.78 | 11.47 | 381.20 | 34.94 | 2.50 |
| Exchange Rate Effect | -0.02 | -0.09 | 0.08 | 0.00 | 0.25 |
| Net Change in Cash | -162.91 | -165.46 | 329.39 | -2.69 | -33.54 |
| Free Cash Flow | -103.00 | -82.35 | -51.89 | -37.53 | -36.28 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 283.64 | 318.75 | 383.19 | 281.10 | 285.78 | 297.30 |
| Short Term Receivables | 2.87 | 3.12 | 2.61 | 1.97 | 1.61 | 1.60 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 8.55 | 8.44 | 6.06 | 3.73 | 3.44 | 2.80 |
| Total Current Assets | 295.05 | 330.31 | 391.86 | 286.79 | 290.83 | 301.70 |
| Net Property, Plant & Equipment | 3.61 | 3.79 | 3.80 | 3.75 | 3.86 | 4.01 |
| Total Investments and Advances | 68.68 | 62.62 | 1.78 | 4.13 | 10.18 | 16.21 |
| Deferred Tax Assets | - | - | - | 0.64 | - | - |
| Other Assets | 0.30 | 0.21 | 0.21 | 0.22 | 0.23 | 0.24 |
| Total Assets | 367.65 | 396.93 | 397.65 | 295.53 | 305.09 | 322.15 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.72 | 0.71 | 1.80 | 3.23 | 4.71 | 6.23 |
| Accounts Payable | 1.89 | 5.65 | 3.07 | 2.67 | 5.02 | 1.33 |
| Other Current Liabilities | 16.41 | 12.85 | 10.96 | 14.23 | 14.77 | 15.28 |
| Total Current Liabilities | 19.03 | 19.22 | 15.83 | 20.14 | 24.49 | 22.84 |
| Long Term Debt | 2.01 | 2.12 | 2.23 | 2.33 | 2.43 | 2.52 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | - | - | - | 0.64 | - | - |
| Other Liabilities | 0.16 | 0.68 | 0.48 | 0.37 | 0.71 | 2.01 |
| Total Liabilities | 21.20 | 22.02 | 18.53 | 23.48 | 27.63 | 27.37 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 346.45 | 374.91 | 379.12 | 272.05 | 277.46 | 294.78 |
| Total Shareholders Equity | 346.45 | 374.91 | 379.12 | 272.05 | 277.46 | 294.78 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 346.45 | 374.91 | 379.12 | 272.05 | 277.46 | 294.78 |
| Total Liabilities & Stockholders Equity | 367.65 | 396.93 | 397.65 | 295.53 | 305.09 | 322.15 |
| Book Value Per Share | 7.54 | 8.19 | 8.54 | 7.28 | 7.74 | 8.22 |
| Tangible Book Value Per Share | 7.54 | 8.19 | 8.54 | 7.28 | 7.74 | 8.22 |
| Full-Time Employees | - | - | - | 62 | - | - |
| Price to Book Ratio | 0.78 | 2.87 | 2.40 | 1.71 | 0.72 | 0.47 |
| Return on Assets | -32.05 | -26.27 | -24.26 | -24.66 | -23.59 | -32.48 |
| Return on Equity | -34.56 | -28.21 | -25.98 | -27.09 | -25.64 | -35.88 |
| Return on Invested Capital | -9.61 | -6.92 | -5.84 | -9.46 | -7.21 | -7.25 |
| Quick Ratio | 15.51 | 17.19 | 24.76 | 14.24 | 11.87 | 13.21 |
| Current Ratio | 15.51 | 17.19 | 24.76 | 14.24 | 11.87 | 13.21 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -33.50 | -26.10 | -22.25 | -25.94 | -20.17 | -21.56 |
| Depreciation | 0.08 | 0.07 | 0.06 | 0.07 | 0.05 | 0.06 |
| Other Funds (Non Cash) | 3.51 | 3.95 | 4.14 | 1.36 | 2.85 | 3.32 |
| Funds from Operations | -29.92 | -22.08 | -18.05 | -24.52 | -17.27 | -18.18 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -1.04 | 2.82 | -5.99 | -3.74 | 1.23 | -1.79 |
| Cash from Operating Activities | -30.96 | -19.26 | -24.05 | -28.25 | -16.04 | -19.97 |
| Capital Expenditures | -0.02 | -0.33 | -0.03 | -0.11 | -0.02 | -0.16 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 7.56 | -164.19 | -46.73 | -14.32 | 12.86 | -15.48 |
| Purchase of Investments | -60.87 | -203.78 | -80.21 | -40.32 | -12.89 | -23.98 |
| Sale Or Maturity of Investments | 68.43 | 39.59 | 33.49 | 26.00 | 25.75 | 8.50 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | 7.54 | -164.51 | -46.75 | -14.43 | 12.84 | -15.64 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 2.08 | 17.13 | 125.22 | 17.51 | -0.04 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 2.08 | 17.13 | 125.22 | 17.51 | -0.04 | 0.00 |
| Proceedsfrom Stock Options | 0.03 | 15.65 | 123.51 | 16.80 | -0.04 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | -1.16 | -1.50 | -1.50 | -1.50 | -1.50 |
| Change in Long Term Debt | 0.00 | -1.16 | -1.50 | -1.50 | -1.50 | -1.50 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | -1.16 | -1.50 | -1.50 | -1.50 | -1.50 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 2.08 | 15.97 | 123.72 | 16.01 | -1.54 | -1.50 |
| Exchange Rate Effect | 0.04 | -0.01 | -0.03 | -0.02 | -0.01 | -0.05 |
| Net Change in Cash | -21.30 | -167.81 | 52.89 | -26.68 | -4.76 | -37.16 |
| Free Cash Flow | -30.98 | -19.59 | -24.07 | -28.36 | -16.07 | -20.13 |
Revenue breakdown
| Pharmaceutical Preparations | 2025: 9.00M |
|---|---|
| United States | 2025: 9.00M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 11.85% | 3.7M | 31.4M | 961.94K |
| 2026-10-15 | 10.93% | 3.4M | 31.4M | 919.14K |
| 2026-09-30 | 10.59% | 3.3M | 30.9M | 856.02K |
| 2026-09-15 | 9.94% | 3.1M | 30.9M | 872.27K |
| 2026-08-31 | 8.80% | 2.7M | 30.9M | 845.37K |
| 2026-08-14 | 7.17% | 2.2M | 30.9M | 832.70K |
| 2026-07-31 | 7.85% | 2.6M | 32.7M | 703.63K |
| 2026-07-15 | 7.74% | 2.5M | 31.7M | 522.03K |
| 2026-06-30 | 11.82% | 3.7M | 31.7M | 495.24K |
| 2026-06-15 | 6.29% | 2.0M | 31.7M | 456.89K |
| 2026-05-29 | 5.65% | 1.8M | 31.7M | 481.36K |
| 2026-05-15 | 5.40% | 1.7M | 31.7M | 487.05K |
| 2026-04-30 | 5.72% | 1.9M | 32.9M | 534.49K |
| 2026-04-15 | 5.61% | 1.7M | 31.1M | 620.48K |
| 2026-03-31 | 5.06% | 1.6M | 30.8M | 753.40K |
| 2026-03-13 | 4.66% | 1.4M | 29.0M | 683.30K |
| 2026-02-27 | 4.40% | 1.3M | 29.0M | 685.46K |
| 2026-02-13 | 4.62% | 1.3M | 29.0M | 644.58K |
| 2026-01-30 | 3.43% | 0.9M | 26.5M | 587.59K |
| 2026-01-15 | 4.78% | 1.1M | 22.7M | 596.43K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 1.05 | 5.90 | 0.00 | 36.171 | 0.00 | 0.00 | 0.968 | -0.013 | 0.001 |
| call | 5.00 | 0.00 | 1.45 | 1.20 | 2.844 | 1,263 | 10.00 | 0.726 | -0.045 | 0.003 |
| call | 7.50 | 0.00 | 4.90 | 0.05 | 5.402 | 216 | 0.00 | 0.552 | -0.111 | 0.004 |
| call | 10.00 | 0.00 | 1.60 | 0.06 | 6.698 | 10.00 | 0.00 | 0.504 | -0.138 | 0.004 |
| call | 12.50 | 0.00 | 1.90 | 0.00 | 7.577 | 0.00 | 0.00 | 0.480 | -0.156 | 0.004 |
| call | 15.00 | 0.00 | 4.90 | 0.00 | 8.239 | 0.00 | 0.00 | 0.464 | -0.169 | 0.004 |
| put | 2.50 | 0.00 | 0.05 | 0.00 | 3.271 | 0.00 | 0.00 | -0.033 | -0.012 | 0.001 |
| put | 5.00 | 0.05 | 0.45 | 0.35 | 2.598 | 1,737 | 0.00 | -0.274 | -0.044 | 0.003 |
| put | 7.50 | 0.00 | 2.65 | 2.00 | 4.240 | 1.00 | 0.00 | -0.448 | -0.110 | 0.004 |
| put | 10.00 | 1.70 | 6.50 | 3.80 | 9.311 | 1.00 | 0.00 | -0.496 | -0.137 | 0.004 |
| put | 12.50 | 4.20 | 9.00 | 0.00 | 10.177 | 0.00 | 0.00 | -0.520 | -0.155 | 0.004 |
| put | 15.00 | 6.70 | 11.50 | 0.00 | 10.835 | 0.00 | 0.00 | -0.536 | -0.168 | 0.004 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | 8-K | Current report | 2026-11-05 | SEC |
| 2026-10-02 | 8-K | Current report | 2026-10-02 | SEC |
| 2026-08-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-05 | 8-K | Current report | 2026-08-05 | SEC |
| 2026-07-01 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-29 | SEC |
| 2026-06-30 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-06-29 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 8-K | Current report | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-05-15 | SCHEDULE 13G/A | SEC | ||
| 2026-05-15 | SCHEDULE 13G/A | SEC | ||
| 2026-05-08 | 8-K | Current report | 2026-05-08 | SEC |
| 2026-05-08 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-04-27 | SCHEDULE 13G | SEC | ||
| 2026-04-24 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-23 | SEC |
| 2026-04-21 | ARS | Annual report to security holders. | 2025-12-31 | SEC |
| 2026-04-21 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-04-21 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-06-10 | SEC |
| 2026-04-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-01 | SEC |
| 2026-04-01 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-03-24 | S-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers | SEC | |
| 2026-03-24 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-03-24 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-03-24 | 8-K | Current report | 2026-03-24 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 1.58M | 2 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 157.08K | 1 |
| 2026-03 | 0 | 0 | 150.89K | 1 |
| 2026-02 | 0 | 0 | 139.37K | 1 |
| 2026-01 | 0 | 0 | 4.85M | 3 |
| 2025-12 | 0 | 0 | 917.91K | 2 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| a16z Capital Management, L.L.C. | 7.27% |
| BlackRock, Inc. | 6.41% |
| Sofinnova Investments, Inc. | 5.16% |
| Jupiter Topco LLC | 4.82% |
| Octagon Capital Advisors LP | 3.93% |
| RA CAPITAL MANAGEMENT, L.P. | 3.76% |
| MPM BioImpact LLC | 3.75% |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.47% |
| Polar Capital Holdings Plc | 2.41% |
| BRAIDWELL LP | 2.32% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.57% |
| iShares Russell 2000 ETF | 2.06% |
| Fidelity Small Cap Index Fund | 0.87% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.83% |
| iShares Russell 2000 Value ETF | 0.67% |
| State Street(R) SPDR(R) S&P(R) Pharmaceuticals ETF | 0.59% |
| iShares Biotechnology ETF | 0.50% |
| Nuveen Quant Small Cap Equity Fund | 0.45% |
| VANGUARD RUSSELL 2000 INDEX FUND | 0.44% |
| Fidelity Enhanced Small Cap Core ETF | 0.39% |
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