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TARS

Tarsus Pharmaceuticals, Inc.distress 1/10 · well-funded / low risk
$56.54-2%today-31% from 52w high
tarsusrx.com370 employeesFounded 2016Irvine, CABiotechnology
Lead: Lyme Disease
Revenue
$162M
Liquidity
$393M
Runway
23.9 yrs
Shares 1y
+2%

Price & events

-20.4% over 6M
$56.11$66.77$77.43Jan 26Apr 26Jul 263.0Mfinancing: 8-K private_placement (2026-07-08)rating: Guggenheim: Buy (2026-07-21)rating: HC Wainwright & Co.: Buy (2026-07-09)rating: HC Wainwright & Co.: Buy (2026-05-04)rating: Oppenheimer: Outperform (2026-02-25)rating: Guggenheim: Buy (2026-02-25)
CatalystRating changeDilutionFinancingdashed = today
-1.8%
1D
-2.0%
1W
-14.6%
1M
-7.3%
3M
-17.3%
6M
+33.9%
1Y
+103.2%
2Y
+118.2%
5Y
+35.2%
All

Overview

Market Cap
$2.43B
Enterprise Value
$2.40B
Volume
24.26K
52 Week Range
$38.82 – $82.51
Total Shares
43.02M
Float Shares
32.11M
Short %
14.15%
% Held by Insiders
3.06%
% Held by Institutions
109.98%
RVOL
0.02x
Beta
0.50

Pipeline stages · 1 programs

TP-05 (lotilaner) Low Dose, TP-05 (lotilaner) High Dose
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-12-31

Pipeline · 2 trials · 2 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-12-31
Estimated 50%
readout ~2027-02-14
Phase 2lotilanerOcular Rosaceaenrolling by invitation
2027-10
Estimated 50%
readout ~2027-11-15
Phase 2TP-05 (lotilaner) Low Dose, TP-05 (lotilaner) High DoseLyme Diseaserecruiting

Catalyst news & presentations · 1

Approved drugs (1)

  • XDEMVYLOTILANER2023 · Prescription

Capital structure — dilution & financing

Shares out: 43,023,959 · 0 offerings/1y · 1 PIPEs
  • 2026-07-088-Kprivate_placement
  • 2025-03-138-Kmaterial_agreement
  • 2025-03-13424B5offering
  • 2025-03-12424B5offering
  • 2024-12-198-Kmaterial_agreement
  • 2024-11-14SC 13G/Astrategic_stake
  • 2024-11-14SC 13G/Astrategic_stake
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
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🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

strong buy · target $95 (+67% upside) · 9 analysts
  • 2026-07-21GuggenheimBuy
  • 2026-07-09HC Wainwright & Co.Buy
  • 2026-05-04HC Wainwright & Co.Buy
  • 2026-02-25OppenheimerOutperform
  • 2026-02-25GuggenheimBuy
  • 2025-12-09BarclaysOverweight

Competitors — Lyme Disease

  • PFEPFIZER INC$142.2B · D3
  • MRNAModerna, Inc.$23.1B · D4
  • TNXPTonix Pharmaceuticals Holding Corp.$170M · D7

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