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TTRX

Tern Therapeutics, LLCdistress 2/10 · well-funded / low risk
$9.62-5%today-5% from 52w high
turntherapeutics.com2 employeesFounded 2015Westlake Village, CABiotechnology
Immunology / Inflammation 1
Lead: moderate-to-severe atopic dermatitis · est. market ~$15B (approx, global)
Revenue
pre-revenue
Liquidity
$11M
Runway
3.1 yrs
Shares 1y
+1%

Price & events

-5.5%
1D
+0.4%
1W
+66.7%
1M
+182.1%
3M
+103.4%
6M
1Y
2Y
5Y
+37.4%
All

Overview

Market Cap
$286.56M
Enterprise Value
$281.49M
Volume
50.70K
52 Week Range
$2.71 – $10.18
Total Shares
29.79M
Float Shares
10.83M
% Held by Insiders
54.12%
% Held by Institutions
2.51%
RVOL
0.51x

Pipeline stages · 1 programs

TTX-381
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-07-30

Pipeline · 2 trials · 1 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-07-30
Estimated 50%
readout ~2026-09-13
Phase 1/2TTX-381Neuronal Ceroid Lipofuscinosis Type 2recruiting
2026-07-10
Estimated 50%
readout ~2026-08-24
Phase 2GX-03Eczema Atopic Dermatitis, Eczema, Atopic Dermatitis110recruiting

Catalyst news & presentations · 14

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 29,788,040 · 4 offerings/1y · 1 PIPEs
  • 2026-04-02EFFECTshelf_effective
  • 2026-04-02EFFECTshelf_effective
  • 2026-03-248-Kprivate_placement
  • 2025-11-17424B3offering
  • 2025-11-17424B3offering
  • 2025-10-29424B5offering
  • 2025-10-288-Kmaterial_agreement
🔒 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

no consensus
  • 2026-03-24D. Boral CapitalBuy
  • 2026-01-20D. Boral CapitalBuy
  • 2025-12-29D. Boral CapitalBuy

Competitors — moderate-to-severe atopic dermatitis

  • NKTRNEKTAR THERAPEUTICS$2.3B · D8
  • ACRSAclaris Therapeutics, Inc.$769M · D4
  • IMAImageneBio, Inc.$67M · D3
  • APGEApogee Therapeutics, Inc. · D2

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