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TRVI

TR Therapeuticsdistress 1/10 · well-funded / low risk
$17.26-1%today-11% from 52w high
trevitherapeutics.com34 employeesFounded 2011New Haven, CTBiotechnology
Respiratory 2
Lead: IPF-related chronic cough
Revenue
pre-revenue
Liquidity
$173M
Runway
3.8 yrs
Shares 1y
+17%

Price & events

+57.8% over 6M
$9.99$14.74$19.50Jan 26Apr 26Jul 268.3Mdilution: 424B5 offering (2026-04-17)dilution: 424B5 offering (2026-04-16)financing: 8-K material_agreement (2026-04-17)catalyst: PHASE3 nalbuphine ER (2026-06-30) — click to opencatalyst: PHASE3 Haduvio (2026-06-30) — click to opencatalyst: PHASE1 NAL ER, Placebo (2026-06-30) — click to opencatalyst: PHASE2 Haduvio (2026-06-30) — click to opencatalyst: PHASE1 NAL ER (2026-04-01) — click to openrating: BMO Capital: Outperform (2026-07-21)rating: HC Wainwright & Co.: Buy (2026-07-20)rating: B. Riley Securities: Buy (2026-07-20)rating: Needham: Buy (2026-05-20)rating: HC Wainwright & Co.: Buy (2026-05-06)rating: Needham: Buy (2026-05-06)rating: D. Boral Capital: Buy (2026-04-17)rating: Jones Trading: Buy (2026-03-19)
CatalystRating changeDilutionFinancingdashed = today
-0.6%
1D
-0.6%
1W
-0.7%
1M
+21.6%
3M
+72.8%
6M
+118.8%
1Y
+483.1%
2Y
+771.7%
5Y
+551.3%
All

Overview

Market Cap
$2.45B
Volume
97.81K
52 Week Range
$6.55 – $19.50
Total Shares
141.98M
Float Shares
118.77M
Short %
10.85%
% Held by Insiders
0.63%
% Held by Institutions
99.29%
RVOL
0.03x
Beta
1.00

Pipeline stages · 2 programs

TR987 0.1% gel
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-12
NAL ER
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2027-09

Pipeline · 9 trials · 4 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-12
Estimated 50%
readout ~2027-02-14
Phase 3TR987 0.1% gelVenous Leg Ulcer, Venous Ulcer, Venous Stasis Ulcer, Venous Stasis, Wound Heal, Wound, Venous Insufficiency of Leg, Non-healing Woundrecruiting
2027-09
Estimated 50%
readout ~2027-10-16
Phase 2NAL ERRefractory Chronic Coughnot yet recruiting
2027-12
Estimated 50%
readout ~2028-02-14
Phase 3TR987 0.1% gelVenous Leg Ulcer, Venous Ulcer, Venous Stasis Ulcer, Venous Stasis, Wound Heal, Wounds, Venous Insufficiency of Leg, Non-healing Woundrecruiting
2028-06
Estimated 50%
readout ~2028-08-15
Phase 3NAL ERIdiopathic Pulmonary Fibrosisnot yet recruiting
2026-06-30
Phase 1NAL ER, PlaceboIdiopathic Pulmonary Fibrosis10recruiting
Show all 9 trials · 4 more ▾
ReadoutPhaseDrugIndicationEnrollStatus
2026-04
Phase 1NAL ERHealthy Participants60recruiting
2025-09-12
Phase 1NAL ER, Pirfenidone, NintedanibHealthy Participants132completed
2025-04-24
Phase 2NAL ER, Placebo, NAL ER, NAL ERIdiopathic Pulmonary Fibrosis165completed
2025-01-06
Phase 2NAL ER, PlaceboRefractory Chronic Cough66completed

Catalyst news & presentations · 15

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 141,979,708 · 2 offerings/1y · 0 PIPEs
  • 2026-04-178-Kmaterial_agreement
  • 2026-04-17424B5offering
  • 2026-04-16424B5offering
  • 2025-11-13S-3ASRshelf_registration
  • 2025-06-048-Kmaterial_agreement
  • 2025-06-04424B5offering
  • 2025-06-02424B5offering
🔒 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 $25 (+44% upside) · 10 analysts
  • 2026-07-21BMO CapitalOutperform
  • 2026-07-20HC Wainwright & Co.Buy
  • 2026-07-20B. Riley SecuritiesBuy
  • 2026-05-20NeedhamBuy
  • 2026-05-06HC Wainwright & Co.Buy
  • 2026-05-06NeedhamBuy

Competitors — IPF-related chronic cough

  • none identified

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