Tscan Therapeutics Inc
TCRXHealthcare·Biotechnology·USA·Nano·NASD·Nov 11 • 3:31 PM ET
Price
TCRX against its 20, 50 and 200-day averages87.5% under the 52-week high of 1.47 on 20 Apr 2026. 52-week low 0.17 on 5 Nov 2026. Last 15 sessions, 32.7% high to low
Volume 0.34× normal · the line is the 50-bar volume average
Profile
TCRXTScan Therapeutics, Inc. discovers and develops transformative T cell therapies (TCR-T) to treat liquid cancers, solid tumors and other serious diseases. Its platform identifies previously uncharacterized, clinically-derived shared T cell antigens and all off-target TCR interactions to enable the development of efficacious TCR-Ts. The company was founded by Christoph H. Westphal, Stephen Elledge, Lea Hachigian, and Tomasz Kula in 2018 and is headquartered in Waltham, MA.
| Employees | 142 |
|---|---|
| IPO | Jul 16, 2021 |
| Beta | 1.18 |
| ATR, 14d | 0.02 |
| Rel volume | 0.34 |
| Short float | 3.79% |
| Insider own | 21.33% |
| Inst own | 50.56% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 12.50M |
| Enterprise Value | 3.23M |
| Income | -117.71M |
| Sales | 7.11M |
| Book/sh | 1.02 |
| Cash/sh | 1.48 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 142 |
| IPO | Jul 16, 2021 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 1.76 |
| P/B | 0.18 |
| P/C | 0.12 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 0.45 |
| Quick Ratio | 3.37 |
| Current Ratio | 3.37 |
| Debt/Eq | 1.32 |
| LT Debt/Eq | 1.04 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -0.91 |
|---|---|
| EPS next Y | -0.60 |
| EPS next Q | -0.19 |
| EPS this Y | 20.44% |
| EPS next Y | 24.57% |
| EPS next 5Y | 16.60% |
| EPS past 3/5Y | 28.66% 2.08% |
| Sales past 3/5Y | -8.63% 56.92% |
| EPS Y/Y TTM | 17.34% |
| Sales Y/Y TTM | 2.15% |
| EPS Q/Q | 17.98% |
| Sales Q/Q | -65.83% |
| Earnings | Aug 12 BMO |
| EPS/Sales Surpr. | 9.23% -43.95% |
Ownership
| Insider Own | 21.33% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 50.56% |
| Inst Trans | 30.64% |
| ROA | -50.09% |
| ROE | -95.80% |
| ROIC | -83.79% |
| Gross Margin | 59.47% |
| Oper. Margin | -1695.15% |
| Profit Margin | -1655.35% |
| SMA20 | -7.69% |
| SMA50 | -31.08% |
| SMA200 | -77.31% |
| Trades | - |
Technical
| Shs Outstand | 63.50M |
|---|---|
| Shs Float | 53.32M |
| Short Float | 3.79% |
| Short Ratio | 2.71 |
| Short Interest | 2.02M |
| 52W High | 1.47 -87.45% |
| 52W Low | 0.17 7.86% |
| Volatility | 12.44% 10.80% |
| ATR (14) | 0.02 |
| RSI (14) | 35.82 |
| Beta | 1.18 |
| Rel Volume | 0.34 |
| Avg Volume | 746.39K |
| Volume | 240,904 |
Performance
| Perf Week | -12.14% |
|---|---|
| Perf Month | -14.86% |
| Perf Quarter | -76.10% |
| Perf Half Y | -84.09% |
| Perf YTD | -81.55% |
| Perf Year | -84.88% |
| Perf 3Y | -95.88% |
| Perf 5Y | -97.88% |
| Perf 10Y | - |
| Recom | 2.60 |
| Target Price | 2.67 |
| Prev Close | 0.19 |
| Price | 0.18 |
| Change % | -0.38% |
Analyst ratings
latest 5 of 5| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Sep 08, 2026 | Downgrade | HH.C. Wainwright | Buy → Neutral | $1 | +442.0% |
| Nov 14, 2025 | Downgrade | MMorgan Stanley | Overweight → Equal-Weight | ||
| May 16, 2024 | Initiated | BBTIG Research | Buy | $12 | +6,404.1% |
| May 13, 2024 | Initiated | NNeedham | Buy | $11 | +5,862.1% |
| Jun 22, 2023 | Initiated | WWedbush | Outperform | $8 | +4,236.0% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| MRKR | Marker Therapeutics Inc | 15.95M |
| IMTX | Immatics N.V | 1.01B |
| ESLA | Estrella Immunopharma Inc | 33.12M |
| ATRA | Atara Biotherapeutics Inc | 82.01M |
| ACET | Adicet Bio Inc | 27.71M |
| IMCR | Immunocore Holdings plc ADR | 1.64B |
| CRBU | Caribou Biosciences Inc | 42.15M |
| LYEL | Lyell Immunopharma Inc | 411.56M |
| ALLO | Allogene Therapeutics Inc | 312.48M |
| IOVA | Iovance Biotherapeutics Inc | 3.76B |
Insider trading
3 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Lynx1 Capital Management LP | 10% Owner | Dec 19 '25 | Buy | 0.90 | 80,069 | 71,974 | 7,937,416 | Dec 23 06:17 PM |
| Lynx1 Capital Management LP | 10% Owner | Dec 22 '25 | Buy | 0.90 | 75,500 | 67,950 | 8,012,916 | Dec 23 06:17 PM |
| Lynx1 Capital Management LP | 10% Owner | Dec 23 '25 | Buy | 0.90 | 6,232 | 5,602 | 8,019,148 | Dec 23 06:17 PM |
Held by
AUMNews
latest 14 of 200- Ionis rare neurology drug approved; Pfizer inks an ADC deal (BioPharma Dive) +5.55%
- TScan Therapeutics Cuts Workforce by 75% and Shifts Focus to Solid Tumor Program (InvestorsHub) -42.80%
- TScan Therapeutics Announces Strategic Reorganization to Focus on in vivo Cell Therapy for Solid Tumors (GlobeNewswire)
- TScan Therapeutics Reports Second Quarter 2026 Financial Results and Provides Corporate Update (GlobeNewswire)
- Cell and gene therapy manufacturers turn to specialist automation partners (Pharmaceutical Technology)
- TScan Therapeutics Announces First Patient Dosed in Phase 3 ALLOHA-2, a Pivotal Trial Evaluating TSC-101 in Patients with Heme Malignancies (GlobeNewswire)
- TScan Therapeutics to Participate in the H.C. Wainwright 4th Annual Cell Therapy Virtual Conference (GlobeNewswire)
- TScan Therapeutics Announces Positive Initial Data from Cohort C of Ongoing ALLOHA Phase 1 Study Evaluating TSC-101 in Patients with Heme Malignancies Undergoing Allogeneic Hematopoietic Cell Transplantation (GlobeNewswire) -5.97%
- Cellares and TScan Therapeutics Announce Agreement to Evaluate Automated Manufacturing of TSC-101 for Patients with Hematologic Malignancies (Business Wire)
- TScan Therapeutics Reports First Quarter 2026 Financial Results and Provides Corporate Update (GlobeNewswire)
- TScan Therapeutics Announces Upcoming Presentation at the American Society of Gene and Cell Therapy 29th Annual Meeting (GlobeNewswire)
- TScan Therapeutics to Participate in the 25th Annual Needham Virtual Healthcare Conference (GlobeNewswire)
- TScan Therapeutics, Inc. (TCRX) Reports Q4 Loss, Misses Revenue Estimates (Zacks)
- TScan Therapeutics Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Business Update (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-08-12 | -0.230 | -0.253 | -0.230 | 1.05 | 1.88 | 5 |
| 2026Q1 | 2026-05-06 | -0.220 | -0.203 | -0.221 | 0.98 | 2.50 | 5 |
| 2025Q4 | 2026-03-04 | -0.180 | -0.270 | -0.177 | 2.57 | 2.44 | 6 |
| 2025Q3 | 2025-11-12 | -0.280 | -0.334 | -0.275 | 2.51 | 1.98 | 7 |
| 2025Q2 | 2025-08-12 | -0.280 | -0.327 | -0.285 | 3.08 | 1.31 | 7 |
| 2025Q1 | 2025-05-06 | -0.260 | -0.292 | -0.263 | 2.17 | 1.09 | 6 |
| 2024Q4 | 2025-03-05 | -0.300 | -0.319 | -0.297 | 0.67 | 1.52 | 8 |
| 2024Q3 | 2024-11-12 | -0.250 | -0.315 | -0.252 | 1.05 | 1.17 | 8 |
| 2024Q2 | 2024-08-12 | -0.280 | -0.283 | -0.279 | 0.54 | 1.80 | 7 |
| 2024Q1 | 2024-05-13 | -0.320 | -0.259 | -0.318 | 0.60 | 3.98 | 5 |
| 2023Q4 | 2024-03-06 | -0.210 | -0.289 | -0.410 | 7.21 | 3.45 | 6 |
| 2023Q3 | 2023-11-09 | -0.240 | -0.453 | -0.243 | 3.89 | 4.45 | 5 |
| 2023Q2 | 2023-08-10 | -0.510 | -0.765 | -0.509 | 3.15 | 4.37 | 4 |
| 2023Q1 | 2023-05-10 | -0.930 | -0.693 | -0.931 | 6.80 | 4.87 | 4 |
| 2022Q4 | 2023-03-08 | -0.780 | -0.724 | -0.773 | 3.10 | 4.10 | 5 |
| 2022Q3 | 2022-11-09 | -0.670 | -0.726 | -0.675 | 3.36 | 3.93 | 5 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2021FY | -4.170 | -6.392 | -4.169 | 10.14 | 11.32 |
| 2022FY | -2.750 | -2.760 | -2.754 | 13.54 | 13.89 |
| 2023FY | -1.360 | -1.542 | -1.360 | 21.05 | 16.86 |
| 2024FY | -1.140 | -1.273 | -1.139 | 2.82 | 3.61 |
| 2025FY | -1.000 | -1.215 | -1.000 | 10.33 | 11.15 |
| 2026FY | - | -0.796 | - | - | 2.91 |
| 2027FY | - | -0.600 | - | - | 1.25 |
| 2028FY | - | -0.580 | - | - | 11.84 |
| 2029FY | - | -0.553 | - | - | 31.87 |
| 2030FY | - | -0.413 | - | - | 78.70 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-09-04 | 4 | 0 | 3 | 0.46 | 0.00 | 1.25 |
| 2026Q3 | S | 2026-09-01 | 4 | 0 | 2 | 1.08 | 0.00 | 2.50 |
| 2026Q3 | S | 2026-08-12 | 4 | 0 | 1 | 1.45 | 0.00 | 2.50 |
| 2026Q3 | S | 2026-05-06 | 4 | 0 | 0 | 1.75 | 0.00 | 2.50 |
| 2026Q3 | S | 2026-03-04 | 4 | 0 | 0 | 1.75 | 0.00 | 2.50 |
| 2026Q3 | S | 2026-01-26 | 4 | 0 | 0 | 1.75 | 0.00 | 2.50 |
| 2026Q3 | S | 2025-11-12 | 4 | 1 | 0 | 1.75 | 0.00 | 2.50 |
| 2026Q3 | S | 2025-11-11 | 3 | 0 | 1 | 1.29 | 0.00 | 2.00 |
| 2026Q3 | S | 2025-11-10 | 3 | 0 | 1 | 1.29 | 0.00 | 2.00 |
| 2026Q3 | S | 2025-11-09 | 3 | 0 | 1 | 1.29 | 0.00 | 2.00 |
| 2026Q3 | S | 2025-11-08 | 3 | 0 | 1 | 1.29 | 0.00 | 2.00 |
| 2026Q3 | S | 2025-11-07 | 3 | 0 | 1 | 1.29 | 0.00 | 2.00 |
| 2026Q3 | S | 2025-11-06 | 3 | 0 | 1 | 1.29 | 0.00 | 2.00 |
| 2026Q3 | S | 2025-11-05 | 3 | 0 | 1 | 1.29 | 0.00 | 2.00 |
Estimate history
| EPS, annual | -0.581 | -1.111 | -4.169 | -2.754 | -1.36 | -1.139 | -1 | -0.9062 | |
|---|---|---|---|---|---|---|---|---|---|
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |
| EPS, quarterly | -0.279 | -0.252 | -0.297 | -0.263 | -0.285 | -0.275 | -0.177 | -0.221 | -0.234 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 0 | 1.085 | 10.141 | 13.535 | 21.049 | 2.816 | 10.325 | 7.11 | |
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |
| Sales, quarterly | 0.536 | 1.049 | 0.665 | 2.171 | 3.076 | 2.511 | 2.567 | 0.982 | 1.051 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 23.522 | 23.522 | 23.908 | 24.226 | 47.83 | 56.591 | 56.902 | 67.779 | |
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |
| Shares, quarterly | 52.933 | 53.354 | 56.591 | 56.591 | 56.748 | 56.748 | 56.902 | 60.101 | 67.779 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7.11 | 10.32 | 2.82 | 21.05 | 13.54 | 10.14 | 1.08 | 0.00 |
| Cost of Goods Sold Incl. D&A | 2.88 | 2.87 | 4.11 | 5.36 | 5.14 | 3.33 | - | 0.52 |
| Gross Profit | 4.23 | 7.46 | -1.29 | 15.69 | 8.40 | 6.81 | - | -0.52 |
| Selling, General and Administrative Excl. Other | 124.77 | 143.27 | 133.53 | 109.15 | 75.03 | 55.45 | 26.09 | 13.69 |
| Research and Development | 94.62 | 111.94 | 103.97 | 88.15 | 59.82 | 44.95 | 20.58 | 9.44 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -120.54 | -135.81 | -134.82 | -93.46 | -66.64 | -48.64 | -26.23 | -14.21 |
| Interest Expense | 2.79 | 2.77 | 3.65 | 3.76 | 1.18 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 1.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -117.71 | -129.77 | -127.50 | -89.22 | -66.22 | -48.62 | -26.13 | -13.66 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -117.71 | -129.77 | -127.50 | -89.22 | -66.22 | -48.62 | -26.13 | -13.66 |
| Net Income From Continuing Operations | -117.71 | -129.77 | -127.50 | -89.22 | -66.22 | -48.62 | -26.13 | -13.66 |
| Net Income | -117.71 | -129.77 | -127.50 | -89.22 | -66.22 | -48.62 | -26.13 | -13.66 |
| EPS (Recurring) | -0.91 | -1.00 | -1.13 | -1.36 | -2.75 | -4.17 | -1.11 | -0.58 |
| EPS (Basic, Before Extraordinaries) | -0.91 | -1.00 | -1.14 | -1.36 | -2.75 | -4.17 | -1.11 | -0.58 |
| EPS (Diluted) | -0.91 | -1.00 | -1.14 | -1.36 | -2.75 | -4.17 | -1.11 | -0.58 |
| EBITDA | -117.66 | -132.95 | -130.71 | -88.10 | -61.50 | -45.31 | -25.00 | -13.69 |
| Non-Operating Income (Expense) | 5.62 | 8.82 | 12.06 | 8.00 | 1.59 | 0.02 | 0.11 | 0.55 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 17.00 | 11.71 | 9.55 | 5.21 | 4.55 | 2.52 | 0.38 | 0.18 |
| Price To Sales Ratio | 17.91 | 12.57 | 120.90 | 18.17 | 2.75 | 5.18 | - | - |
| Gross Margin | 59.47 | 72.24 | -45.88 | 74.53 | 62.05 | 67.18 | - | - |
| Operating Margin | -1,695.15 | -1,315.38 | -4,787.68 | -444.00 | -492.32 | -479.65 | -2,417.79 | - |
| Net Margin | -1,655.35 | -1,256.81 | -4,527.66 | -423.86 | -489.26 | -479.49 | -2,408.02 | - |
| Shares Outstanding | 67.78 | 56.90 | 56.59 | 47.83 | 24.23 | 23.91 | 23.52 | 23.52 |
| Market Capitalization | 12.55 | 12.55 | 162.25 | 253.89 | 29.35 | 83.81 | 89.96 | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1.05 | 0.98 | 2.57 | 2.51 | 3.08 | 2.17 | 0.67 | 1.05 |
| Cost of Goods Sold Incl. D&A | 0.70 | 0.69 | 0.72 | 0.77 | 0.70 | 0.68 | 0.71 | 1.03 |
| Gross Profit | 0.35 | 0.29 | 1.84 | 1.74 | 2.38 | 1.49 | -0.05 | 0.02 |
| Selling, General and Administrative Excl. Other | 30.84 | 29.43 | 25.70 | 38.80 | 41.03 | 37.74 | 36.67 | 32.64 |
| Research and Development | 22.79 | 21.30 | 19.44 | 31.10 | 32.11 | 29.29 | 29.35 | 26.26 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -30.49 | -29.14 | -23.86 | -37.05 | -38.65 | -36.25 | -36.71 | -32.62 |
| Interest Expense | 0.70 | 0.69 | 0.70 | 0.70 | 0.69 | 0.68 | 0.78 | 0.96 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.09 | 0.00 |
| Net Income Before Taxes | -30.36 | -28.67 | -22.98 | -35.71 | -36.95 | -34.13 | -35.81 | -29.89 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -30.36 | -28.67 | -22.98 | -35.71 | -36.95 | -34.13 | -35.81 | -29.89 |
| Net Income From Continuing Operations | -30.36 | -28.67 | -22.98 | -35.71 | -36.95 | -34.13 | -35.81 | -29.89 |
| Net Income | -30.36 | -28.67 | -22.98 | -35.71 | -36.95 | -34.13 | -35.81 | -29.89 |
| EPS (Recurring) | -0.23 | -0.22 | -0.18 | -0.28 | -0.28 | -0.26 | -0.29 | -0.25 |
| EPS (Basic, Before Extraordinaries) | -0.23 | -0.22 | -0.18 | -0.28 | -0.28 | -0.26 | -0.30 | -0.25 |
| EPS (Diluted) | -0.23 | -0.22 | -0.18 | -0.28 | -0.28 | -0.26 | -0.30 | -0.25 |
| EBITDA | -29.79 | -28.45 | -23.14 | -36.28 | -37.96 | -35.57 | -36.00 | -31.59 |
| Non-Operating Income (Expense) | 0.83 | 1.16 | 1.58 | 2.04 | 2.39 | 2.80 | 2.78 | 3.69 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 9.51 | 2.46 | 2.01 | 3.01 | 3.27 | 3.41 | 2.71 | 2.52 |
| Price To Sales Ratio | 17.91 | 14.36 | 12.58 | 28.05 | 27.02 | 40.48 | 130.40 | 63.14 |
| Gross Margin | 33.49 | 29.43 | 71.83 | 69.45 | 77.34 | 68.77 | -6.92 | 2.10 |
| Operating Margin | -2,901.33 | -2,967.31 | -929.41 | -1,475.59 | -1,256.60 | -1,669.74 | -5,520.60 | -3,109.82 |
| Net Margin | -2,888.58 | -2,919.14 | -895.09 | -1,422.14 | -1,201.30 | -1,571.95 | -5,384.81 | -2,849.09 |
| Shares Outstanding | 67.78 | 60.10 | 56.90 | 56.75 | 56.75 | 56.59 | 56.59 | 53.35 |
| Market Capitalization | 12.55 | 57.47 | 56.75 | 103.28 | 82.06 | 78.09 | 162.25 | 263.81 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 152.41 | 290.11 | 192.04 | 120.03 | 161.41 | 34.79 | 41.76 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 4.80 | 2.61 | 2.19 | 4.10 | 4.25 | 1.65 | 0.61 |
| Total Current Assets | 157.21 | 292.72 | 194.24 | 124.13 | 165.65 | 36.45 | 42.38 |
| Net Property, Plant & Equipment | 66.45 | 71.60 | 71.23 | 69.20 | 17.26 | 12.53 | 6.41 |
| Total Investments and Advances | 5.03 | 5.03 | 5.03 | 5.04 | 5.20 | 0.76 | 0.59 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 15.78 | - | - | - | - | - | - |
| Other Assets | 0.10 | 1.77 | 1.65 | 0.72 | 0.00 | 0.00 | 0.00 |
| Total Assets | 244.56 | 371.12 | 272.15 | 199.09 | 188.11 | 49.74 | 49.38 |
| Short Term Debt Incl. Current Port. of LT Debt | 7.17 | 4.57 | 6.59 | 3.68 | 1.65 | 1.42 | 0.44 |
| Accounts Payable | 1.24 | 4.28 | 2.37 | 2.91 | 1.76 | 2.91 | 1.01 |
| Other Current Liabilities | 10.29 | 27.11 | 20.85 | 10.71 | 17.93 | 13.12 | 0.94 |
| Total Current Liabilities | 18.70 | 35.96 | 29.82 | 17.30 | 21.34 | 17.45 | 2.40 |
| Long Term Debt | 86.97 | 92.81 | 85.84 | 82.30 | 4.39 | 6.02 | 4.44 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 15.78 | - | - | - | - | - | - |
| Other Liabilities | 0.00 | 1.38 | 5.62 | 0.05 | 1.59 | 9.05 | 0.00 |
| Total Liabilities | 121.44 | 130.15 | 121.28 | 99.66 | 27.33 | 32.52 | 6.84 |
| Non-Equity Reserves | 0.00 | 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 | 59.68 | 59.68 |
| Common Equity | 123.12 | 240.97 | 150.87 | 99.43 | 160.78 | -42.46 | -17.14 |
| Total Shareholders Equity | 123.12 | 240.97 | 150.87 | 99.43 | 160.78 | 17.22 | 42.54 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 123.12 | 240.97 | 150.87 | 99.43 | 160.78 | 17.22 | 42.54 |
| Total Liabilities & Stockholders Equity | 244.56 | 371.12 | 272.15 | 199.09 | 188.11 | 49.74 | 49.38 |
| Book Value Per Share | 2.16 | 4.26 | 3.15 | 4.10 | 6.72 | -1.81 | -0.73 |
| Tangible Book Value Per Share | 2.16 | 4.26 | 3.15 | 4.10 | 6.72 | -1.81 | -0.73 |
| Full-Time Employees | 142 | 194 | 154 | 137 | 105 | 57 | - |
| Price to Book Ratio | 0.18 | 0.71 | 1.65 | 0.32 | 0.67 | 0.66 | - |
| Return on Assets | -42.15 | -39.64 | -37.87 | -34.21 | -40.89 | -52.72 | - |
| Return on Equity | -71.28 | -65.08 | -71.29 | -50.90 | -54.64 | -87.44 | - |
| Return on Invested Capital | -61.77 | -38.20 | -37.69 | -36.44 | -29.44 | -112.43 | -29.07 |
| Quick Ratio | 8.41 | 8.14 | 6.51 | 7.17 | 7.76 | 2.09 | 17.69 |
| Current Ratio | 8.41 | 8.14 | 6.51 | 7.17 | 7.76 | 2.09 | 17.69 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|---|
| Net Income | -117.71 | -129.77 | -127.50 | -89.22 | -66.22 | -48.62 | -26.13 | -13.66 |
| Depreciation | 2.88 | 2.87 | 4.11 | 5.36 | 5.14 | 3.33 | 1.23 | 0.52 |
| Other Funds (Non Cash) | 10.08 | 9.16 | 7.51 | 4.89 | 4.81 | 2.52 | 0.52 | 0.32 |
| Funds from Operations | -104.75 | -117.74 | -115.88 | -78.96 | -56.27 | -42.78 | -24.38 | -12.82 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -11.53 | -18.18 | 5.05 | 17.61 | -10.23 | -5.90 | 21.36 | 0.30 |
| Cash from Operating Activities | -116.28 | -135.92 | -110.82 | -61.36 | -66.50 | -48.68 | -3.02 | -12.52 |
| Capital Expenditures | -2.16 | -4.41 | -3.83 | -3.15 | -4.22 | -9.94 | -4.24 | -1.25 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 49.00 | 113.78 | -48.79 | -57.61 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | -87.47 | -241.44 | -77.61 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 49.00 | 201.25 | 192.66 | 20.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 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 | 0.00 | 0.00 |
| Cash from Investing Activities | 46.87 | 109.37 | -52.61 | -60.76 | -4.22 | -9.94 | -4.24 | -1.25 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.17 | 0.26 | 193.45 | 135.44 | 0.33 | 189.67 | 0.29 | 34.81 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.17 | 0.26 | 193.45 | 135.44 | 0.33 | 189.67 | 0.29 | 34.81 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 158.27 | 92.32 | 0.00 | 189.38 | 0.00 | 34.81 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 15.31 | 0.00 | 29.03 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 15.31 | 0.00 | 29.03 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 32.46 | 0.00 | 29.03 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | -17.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 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 | 0.00 | 0.00 |
| Cash from Financing Activities | 0.17 | 0.26 | 208.76 | 135.44 | 29.36 | 189.67 | 0.29 | 34.81 |
| Net Change in Cash | -69.24 | -26.28 | 45.33 | 13.33 | -41.37 | 131.05 | -6.97 | 21.04 |
| Free Cash Flow | -118.44 | -140.33 | -114.65 | -64.50 | -70.73 | -58.62 | -7.26 | -13.77 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 100.16 | 128.06 | 152.41 | 184.45 | 218.04 | 251.69 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 4.25 | 4.71 | 4.80 | 3.71 | 3.08 | 3.15 |
| Total Current Assets | 104.40 | 132.77 | 157.21 | 188.16 | 221.13 | 254.84 |
| Net Property, Plant & Equipment | 61.97 | 64.13 | 66.45 | 68.74 | 70.62 | 71.09 |
| Total Investments and Advances | 5.03 | 5.03 | 5.03 | 5.03 | 5.03 | 5.03 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.05 | 0.07 | 0.10 | 0.29 | 1.78 | 1.75 |
| Total Assets | 171.45 | 201.99 | 228.79 | 262.23 | 298.56 | 332.71 |
| Short Term Debt Incl. Current Port. of LT Debt | 19.42 | 7.44 | 7.17 | 6.90 | 6.29 | 4.97 |
| Accounts Payable | 3.12 | 2.30 | 1.24 | 6.35 | 4.54 | 4.97 |
| Other Current Liabilities | 8.42 | 10.23 | 10.29 | 15.95 | 20.50 | 19.88 |
| Total Current Liabilities | 30.96 | 19.97 | 18.70 | 29.21 | 31.32 | 29.82 |
| Long Term Debt | 71.47 | 85.10 | 86.97 | 88.72 | 90.41 | 92.07 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.28 | 0.11 | 0.62 |
| Total Liabilities | 102.43 | 105.07 | 105.67 | 118.20 | 121.85 | 122.51 |
| 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 | 69.02 | 96.92 | 123.12 | 144.02 | 176.71 | 210.20 |
| Total Shareholders Equity | 69.02 | 96.92 | 123.12 | 144.02 | 176.71 | 210.20 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 69.02 | 96.92 | 123.12 | 144.02 | 176.71 | 210.20 |
| Total Liabilities & Stockholders Equity | 171.45 | 201.99 | 228.79 | 262.23 | 298.56 | 332.71 |
| Book Value Per Share | 1.02 | 1.61 | 2.16 | 2.54 | 3.11 | 3.71 |
| Tangible Book Value Per Share | 1.02 | 1.61 | 2.16 | 2.54 | 3.11 | 3.71 |
| Full-Time Employees | 138 | 139 | 142 | - | 210 | - |
| Price to Book Ratio | 0.18 | 0.47 | 0.39 | 0.58 | 0.39 | 0.32 |
| Return on Assets | -50.09 | -46.50 | -43.26 | -46.73 | -40.62 | -45.85 |
| Return on Equity | -95.80 | -80.95 | -71.28 | -76.44 | -63.33 | -78.93 |
| Return on Invested Capital | -21.61 | -15.75 | -10.94 | -15.34 | -13.83 | -11.29 |
| Quick Ratio | 3.37 | 6.65 | 8.41 | 6.44 | 7.06 | 8.55 |
| Current Ratio | 3.37 | 6.65 | 8.41 | 6.44 | 7.06 | 8.55 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | -30.36 | -28.67 | -22.98 | -35.71 | -36.95 | -34.13 |
| Depreciation | 0.70 | 0.69 | 0.72 | 0.77 | 0.70 | 0.68 |
| Other Funds (Non Cash) | 2.58 | 2.58 | 2.07 | 2.84 | 2.13 | 2.12 |
| Funds from Operations | -27.08 | -25.39 | -20.18 | -32.10 | -34.13 | -31.33 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.46 | 1.11 | -11.82 | -0.36 | 0.39 | -6.38 |
| Cash from Operating Activities | -27.54 | -24.28 | -32.00 | -32.46 | -33.74 | -37.71 |
| Capital Expenditures | -0.49 | -0.07 | -0.17 | -1.43 | -1.28 | -1.53 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 15.00 | 34.00 | 49.72 | 15.06 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | -26.53 | -60.94 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 15.00 | 34.00 | 76.25 | 76.00 |
| 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 | -0.47 | -0.07 | 14.83 | 32.58 | 48.44 | 13.53 |
| 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 | 0.10 | 0.00 | 0.07 | 0.00 | 0.19 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.10 | 0.00 | 0.07 | 0.00 | 0.19 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.10 | 0.00 | 0.07 | 0.00 | 0.59 | -0.40 |
| Net Change in Cash | -27.90 | -24.35 | -17.10 | 0.11 | 15.29 | -24.58 |
| Free Cash Flow | -28.03 | -24.35 | -32.17 | -33.89 | -35.02 | -39.24 |
Revenue breakdown
| Biological Products, (No Diagnostic Substances) | 2024: 2.82M 2025: 10.33M |
|---|---|
| United States | 2024: 2.82M 2025: 10.33M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 3.79% | 2.0M | 53.3M | 731.09K |
| 2026-10-15 | 4.27% | 2.3M | 53.3M | 757.28K |
| 2026-09-30 | 4.66% | 2.5M | 53.3M | 835.62K |
| 2026-09-15 | 3.93% | 2.3M | 58.1M | 841.44K |
| 2026-08-31 | 3.02% | 1.7M | 57.9M | 587.20K |
| 2026-08-14 | 2.77% | 1.6M | 57.9M | 631.28K |
| 2026-07-31 | 2.78% | 1.6M | 56.1M | 704.74K |
| 2026-07-15 | 2.47% | 1.4M | 56.1M | 803.00K |
| 2026-06-30 | 1.26% | 0.7M | 56.1M | 859.25K |
| 2026-06-15 | 1.36% | 0.8M | 56.1M | 810.76K |
| 2026-05-29 | 1.68% | 0.9M | 55.6M | 866.90K |
| 2026-05-15 | 1.58% | 0.9M | 55.6M | 866.74K |
| 2026-04-30 | 1.57% | 0.9M | 55.3M | 805.72K |
| 2026-04-15 | 1.98% | 0.9M | 47.7M | 699.05K |
| 2026-03-31 | 3.96% | 1.9M | 47.6M | 531.03K |
| 2026-03-13 | 3.97% | 1.9M | 47.6M | 554.12K |
| 2026-02-27 | 4.05% | 1.9M | 47.6M | 569.95K |
| 2026-02-13 | 4.22% | 2.0M | 47.5M | 628.86K |
| 2026-01-30 | 5.53% | 2.6M | 46.4M | 766.65K |
| 2026-01-15 | 5.08% | 2.4M | 46.4M | 783.05K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-10-26 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-11-20 | SEC |
| 2026-10-16 | PRE 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-11-20 | SEC |
| 2026-10-16 | 8-K | Current report | 2026-10-13 | SEC |
| 2026-10-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-01 | SEC |
| 2026-10-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-01 | SEC |
| 2026-09-30 | 8-K | Current report | 2026-09-24 | SEC |
| 2026-09-25 | SCHEDULE 13G | SEC | ||
| 2026-09-11 | 8-K | Current report | 2026-09-08 | SEC |
| 2026-09-02 | 8-K | Current report | 2026-08-27 | SEC |
| 2026-08-18 | 8-K | Current report | 2026-08-12 | SEC |
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-12 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-12 | 8-K | Current report | 2026-08-12 | SEC |
| 2026-06-22 | 8-K | Current report | 2026-06-22 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-20 | SEC |
| 2026-05-22 | 8-K | Current report | 2026-05-20 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-20 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-20 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-20 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-20 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-20 | SEC |
| 2026-05-15 | SCHEDULE 13G/A | SEC | ||
| 2026-05-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-06 | 8-K | Current report | 2026-05-06 | SEC |
| 2026-04-17 | ARS | Annual report to security holders. | 2025-12-31 | SEC |
| 2026-04-17 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-05-20 | SEC |
| 2026-04-07 | PRE 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-05-20 | SEC |
| 2026-04-02 | 8-K | Current report | 2026-03-31 | SEC |
| 2026-03-04 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | 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 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 145.53K | 3 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| Lynx1 Capital Management LP | 12.27% |
| BVF INC/IL | 8.51% |
| BAKER BROS. ADVISORS LP | 4.26% |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.30% |
| TWO SIGMA INVESTMENTS, LP | 2.98% |
| ACADIAN ASSET MANAGEMENT LLC | 2.50% |
| RENAISSANCE TECHNOLOGIES LLC | 2.03% |
| Deer Management Co. LLC | 1.91% |
| MILLENNIUM MANAGEMENT LLC | 1.78% |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 1.61% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.30% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.88% |
| BlackRock Health Sciences Term Trust | 0.62% |
| Fidelity Extended Market Index Fund | 0.49% |
| iShares Micro-Cap ETF | 0.26% |
| Fidelity Total Market Index Fund | 0.13% |
| Ultra-Small Company Market Fund | 0.11% |
| Fidelity Series Total Market Index Fund | 0.11% |
| SMALL CAP EQUITY FUND | 0.10% |
| Multi-Manager Small Cap Equity Strategies Fund | 0.10% |
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