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Cartesian Therapeuticsdistress 3/10 · well-funded / low risk
$7.93-2%today-42% from 52w high
cartesiantherapeutics.com75 employeesFrederick, MDBiotechnology
Neurology 1Oncology 1
Lead: generalized myasthenia gravis · target BCMA
Revenue
pre-revenue
Liquidity
$119M
Runway
1.6 yrs
Shares 1y
+13%

Price & events

+4.6% over 6M
$5.84$8.22$10.59Jan 26Apr 26Jul 263.5Mfinancing: 8-K private_placement (2026-05-26)catalyst: PHASE2 Descartes-08 (2026-06-30) — click to openrating: Wedbush: Outperform (2026-06-10)rating: BTIG: Buy (2026-06-09)rating: Needham: Buy (2026-06-09)rating: Wedbush: Outperform (2026-05-27)rating: Needham: Buy (2026-05-26)rating: HC Wainwright & Co.: Buy (2026-05-12)rating: Wedbush: Outperform (2026-05-01)rating: Wedbush: Outperform (2026-03-10)
CatalystRating changeDilutionFinancingdashed = today
-2.5%
1D
-4.8%
1W
-22.1%
1M
+13.8%
3M
+3.8%
6M
-40.8%
1Y
-53.4%
2Y
-92.4%
5Y
-91.2%
All

Overview

Market Cap
$233.00M
Volume
4.98K
52 Week Range
$5.84 – $13.70
Total Shares
29.38M
Float Shares
10.63M
Short %
14.51%
% Held by Insiders
53.68%
% Held by Institutions
25.18%
RVOL
0.02x
Beta
0.46

Pipeline stages · 2 programs

Decartes-08
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-11-30
Descartes-08
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-12-01

Pipeline · 6 trials · 4 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-11-30
Estimated 50%
readout ~2027-02-13
Phase 3Decartes-08Myasthaenia Gravisrecruiting
2026-12-01
Estimated 50%
readout ~2027-01-15
Phase 2Descartes-08Systemic Lupus Erythematosus (SLE)active not recruiting
2027-11
Estimated 50%
readout ~2027-12-16
Phase 2Descartes-08Antisynthetase Syndromerecruiting
2027-12
Estimated 50%
readout ~2028-01-15
Phase 1/2Descartes-08Childhood-onset Systemic Lupus Erythematous, ANCA-Associated Vasculitis (AAV), Juvenile Myasthenia Gravis, Juvenile Dermatomyositisrecruiting
2025-07-31
Phase 2Descartes-08Myasthenia Gravis, Generalized30active not recruiting
Show all 6 trials · 1 more ▾
ReadoutPhaseDrugIndicationEnrollStatus
2025-04-14
Phase 1Descartes-15Refractory Multiple Myeloma, Relapsed Multiple Myeloma4terminated

Catalyst news & presentations · 12

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 29,381,514 · 0 offerings/1y · 1 PIPEs
  • 2026-05-268-Kprivate_placement
  • 2025-01-13EFFECTshelf_effective
  • 2025-01-13EFFECTshelf_effective
  • 2025-01-08424B3offering
  • 2025-01-08424B7offering
  • 2025-01-08424B7offering
  • 2025-01-08EFFECTshelf_effective
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

strong buy · target $35 (+336% upside) · 7 analysts
  • 2026-06-10WedbushOutperform
  • 2026-06-09BTIGBuy
  • 2026-06-09NeedhamBuy
  • 2026-05-27WedbushOutperform
  • 2026-05-26NeedhamBuy
  • 2026-05-12HC Wainwright & Co.Buy

Competitors — BCMA

  • LEGNLegend Biotech Corp$8.7B · D2
  • ALLOAllogene Therapeutics, Inc.$623M · D5
  • DTILPRECISION BIOSCIENCES INC$185M · D6

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