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KARD

Kardigan, Inc.distress 3/10 · well-funded / low risk
$22.52-1%today-13% from 52w high
kardigan.bio241 employeesFounded 2023Princeton, NJBiotechnology
Cardiovascular 1
Lead: Hypertension · est. market ~$25B (approx, global)
Revenue
pre-revenue
Liquidity
$287M
Runway
1.9 yrs
Shares 1y

Price & events

+2.4% over 6M
$21.02$23.46$25.90Jun 26Jul 26Jul 265.8Mdilution: 424B4 offering (2026-06-18)rating: TD Cowen: Buy (2026-07-13)rating: Leerink Partners: Outperform (2026-07-13)rating: JP Morgan: Overweight (2026-07-13)rating: Jefferies: Buy (2026-07-13)
CatalystRating changeDilutionFinancingdashed = today
-1.5%
1D
+7.2%
1W
+1.3%
1M
3M
6M
1Y
2Y
5Y
+2.4%
All

Overview

Volume
12.18K
52 Week Range
$21.02 – $25.90
Float Shares
34.28M
Short %
1.94%
% Held by Insiders
34.97%
% Held by Institutions
26.02%
RVOL
0.02x

Pipeline stages · 3 programs

Tonlamarsen
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-12
danicamtiv
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2027-09
Ataciguat
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2028-08-31

Pipeline · 4 trials · 3 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-12
Estimated 50%
readout ~2027-01-15
Phase 2TonlamarsenHypertension, Acute Severe Hypertension, Hypertensive Emergency, Hypertensive Urgencyrecruiting
2027-09
Estimated 50%
readout ~2027-11-15
Phase 2/3danicamtivSymptomatic Genetic Dilated Cardiomyopathyrecruiting
2028-08-31
Estimated 50%
readout ~2028-11-14
Phase 2/3AtaciguatModerate Aortic Valve Stenosisrecruiting
2026-01-12
Phase 2TonlamarsenHypertension206completed

Catalyst news & presentations · 0

  • No catalyst news yet.

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: · 1 offerings/1y · 0 PIPEs
  • 2026-06-18424B4offering
  • 2026-06-17EFFECTshelf_effective
  • 2026-06-11S-1/Ashelf_registration
  • 2026-05-26S-1shelf_registration
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
Upgrade to Pro

Wall St ratings

strong buy · target $44 (+93% upside) · 4 analysts
  • 2026-07-13TD CowenBuy
  • 2026-07-13Leerink PartnersOutperform
  • 2026-07-13JP MorganOverweight
  • 2026-07-13JefferiesBuy

Competitors — Hypertension

  • LLYELI LILLY & Co$1094.4B · D3
  • MRKMerck & Co., Inc.$318.8B · D3
  • NVSEFNOVARTIS AG$292.0B · D3
  • INSMINSMED Inc$22.9B · D2
  • MLYSMineralys Therapeutics, Inc.$2.1B · D6
  • SGPSpyGlass Pharma, Inc.$682M · D2
  • TECXTectonic Therapeutic, Inc.$589M · D0
  • IKTInhibikase Therapeutics, Inc.$289M · D4
  • GALTGALECTIN THERAPEUTICS INC$231M · D5
  • GOSSGossamer Bio, Inc.$33M · D5

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.