Climb Bio (CLYM)


Market Price (10/12/2026): $10.91 | Market Cap: $830.8 MilSector: Health Care | Industry: Biotechnology

Climb Bio (CLYM)


Market Price (10/12/2026): $10.91
Market Cap: $830.8 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Biopharmaceutical R&D, Show more.

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -65 Mil

Stock price has recently run up significantly
12M Rtn12 month market price return is 511%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%

Key risks
CLYM key risks include [1] the successful clinical development and regulatory approval of its lead candidates, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%
1 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Biopharmaceutical R&D, Show more.
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -65 Mil
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 511%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%
7 Key risks
CLYM key risks include [1] the successful clinical development and regulatory approval of its lead candidates, Show more.

CLYM in ETFs

Weight = CLYM's share of each fund

VTI0.00%
IWM0.01%
XBI0.12%
VTWO0.02%
IWO0.01%
SCHA0.01%
DFAS0.01%
IWN0.00%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 10/1/2026

Climb Bio (CLYM) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Climb Bio (CLYM) reported increased net losses and operational expenses for fiscal Q2 2026, which ended June 30, 2026.

The company's net loss widened to $(13.5) million in fiscal Q2 2026, a notable increase from a net loss of $(8.7) million in fiscal Q2 2025. This was driven by a rise in research and development (R&D) expenses, which grew to $9.7 million from $6.6 million, and general and administrative (G&A) expenses, which increased to $5.6 million from $4.1 million over the same periods. While Climb Bio's reported EPS of -$0.18 for fiscal Q2 2026 surpassed analyst consensus estimates of -$0.21, the overall increase in losses and expenses likely fueled investor concerns regarding profitability.

2. The competitive landscape for IgA Nephropathy (IgAN) treatments intensified during fiscal Q3 2026.

Investor sentiment for Climb Bio's CLYM116 program, an anti-APRIL monoclonal antibody for IgAN, was negatively affected by positive Phase III data reported by Roche for its mRNA-targeted therapy, sefaxersen. This development occurred as Climb Bio was preparing to initiate its own Phase 2 trial for CLYM116 in IgAN during fiscal Q3 2026, escalating the competitive environment for a key pipeline asset. Although Climb Bio presented initial positive Phase 1 data for CLYM116 on September 3, 2026, showing a favorable safety profile, the broader competitive pressures likely moderated investor enthusiasm.

Show more
Updated on 10/1/2026

Climb Bio (CLYM) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Climb Bio (CLYM) reported increased net losses and operational expenses for fiscal Q2 2026, which ended June 30, 2026.

The company's net loss widened to $(13.5) million in fiscal Q2 2026, a notable increase from a net loss of $(8.7) million in fiscal Q2 2025. This was driven by a rise in research and development (R&D) expenses, which grew to $9.7 million from $6.6 million, and general and administrative (G&A) expenses, which increased to $5.6 million from $4.1 million over the same periods. While Climb Bio's reported EPS of -$0.18 for fiscal Q2 2026 surpassed analyst consensus estimates of -$0.21, the overall increase in losses and expenses likely fueled investor concerns regarding profitability.

2. The competitive landscape for IgA Nephropathy (IgAN) treatments intensified during fiscal Q3 2026.

Investor sentiment for Climb Bio's CLYM116 program, an anti-APRIL monoclonal antibody for IgAN, was negatively affected by positive Phase III data reported by Roche for its mRNA-targeted therapy, sefaxersen. This development occurred as Climb Bio was preparing to initiate its own Phase 2 trial for CLYM116 in IgAN during fiscal Q3 2026, escalating the competitive environment for a key pipeline asset. Although Climb Bio presented initial positive Phase 1 data for CLYM116 on September 3, 2026, showing a favorable safety profile, the broader competitive pressures likely moderated investor enthusiasm.

3. Broader macroeconomic headwinds contributed to a downturn in the biotechnology sector during fiscal Q3 2026.

Climb Bio's stock movement was impacted by a general macroeconomic downturn that affected small and mid-cap biotechnology stocks. The sector experienced a macro-driven drawdown characterized by surging Treasury yields and increased bond market volatility. This is reflected by the NASDAQ Biotechnology Index (XBI) being down 2% quarter-to-date as of September 25, 2026, indicating a widespread negative trend across the industry for growth-oriented companies such as Climb Bio. Historically, September often proves to be the weakest month for stocks, which, combined with concerns about an overheated market, added to the pressure on CLYM.

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Stock Movement Drivers

Fundamental Drivers

The -15.6% change in CLYM stock from 6/30/2026 to 10/11/2026 was primarily driven by a -10.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)630202610112026Change
Stock Price ($)13.0411.00-15.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)6876-10.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/11/2026
ReturnCorrelation
CLYM-15.6% 
Market (SPY)4.3%8.5%
Sector (XLV)7.7%0.0%

Fundamental Drivers

The 60.6% change in CLYM stock from 3/31/2026 to 10/11/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610112026Change
Stock Price ($)6.8511.0060.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)6876-10.5%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/11/2026
ReturnCorrelation
CLYM60.6% 
Market (SPY)20.0%19.1%
Sector (XLV)17.0%4.7%

Fundamental Drivers

The 447.3% change in CLYM stock from 9/30/2025 to 10/11/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202510112026Change
Stock Price ($)2.0111.00447.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)6876-11.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/11/2026
ReturnCorrelation
CLYM447.3% 
Market (SPY)17.8%23.2%
Sector (XLV)24.3%10.1%

Fundamental Drivers

The 318.3% change in CLYM stock from 9/30/2023 to 10/11/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202310112026Change
Stock Price ($)2.6311.00318.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)2776-64.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/11/2026
ReturnCorrelation
CLYM318.3% 
Market (SPY)88.4%17.8%
Sector (XLV)38.9%14.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CLYM Return-34%-65%-26%-33%122%172%-32%
Peers Return20%-33%2%23%96%7%111%
S&P 500 Return27%-19%24%23%16%13%107%

Monthly Win Rates [3]
CLYM Win Rate20%42%25%42%58%60% 
Peers Win Rate46%36%44%40%53%44% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CLYM Max Drawdown--81%-50%-82%-51%-40% 
Peers Max Drawdown-58%-63%-69%-37%-52%-40% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TGTX, ZBIO, VERA, KYTX, XNCR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/9/2026 (YTD)

How Low Can It Go

EventCLYMS&P 500
2025 US Tariff Shock
  % Loss-20.4%-18.8%
  % Gain to Breakeven25.7%23.1%
  Time to Breakeven97 days79 days
2024 Yen Carry Trade Unwind
  % Loss-16.5%-7.8%
  % Gain to Breakeven19.7%8.5%
  Time to Breakeven17 days18 days
2023 SVB Regional Banking Crisis
  % Loss-18.0%-6.7%
  % Gain to Breakeven21.9%7.1%
  Time to Breakeven6 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-75.0%-24.5%
  % Gain to Breakeven300.4%32.4%
  Time to Breakeven1372 days427 days

Compare to TGTX, ZBIO, VERA, KYTX, XNCR

In The Past

Climb Bio's stock fell -20.4% during the 2025 US Tariff Shock. Such a loss loss requires a 25.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCLYMS&P 500
2025 US Tariff Shock
  % Loss-20.4%-18.8%
  % Gain to Breakeven25.7%23.1%
  Time to Breakeven97 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-75.0%-24.5%
  % Gain to Breakeven300.4%32.4%
  Time to Breakeven1372 days427 days

Compare to TGTX, ZBIO, VERA, KYTX, XNCR

In The Past

Climb Bio's stock fell -20.4% during the 2025 US Tariff Shock. Such a loss loss requires a 25.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Climb Bio (CLYM)

Climb Bio, Inc. is a biotechnology company focused on the development of novel therapies for autoimmune-driven inflammatory diseases. The company's core mission is to address conditions where the body's immune system mistakenly attacks its own tissues, leading to chronic inflammation and significant health challenges.

The company's primary product in development is budoprutug, an anti-CD19 monoclonal antibody. This investigational therapy is being advanced to treat a range of specific autoimmune diseases. These include systemic lupus erythematosus (SLE) and its associated kidney complication, lupus nephritis, as well as immune thrombocytopenia (ITP) and membranous nephropathy (MN).

Climb Bio's market primarily consists of patients suffering from these severe autoimmune and inflammatory disorders, along with the healthcare providers and medical institutions that treat them. By targeting these specific diseases with budoprutug, the company aims to offer new therapeutic options and improve treatment outcomes for individuals grappling with these debilitating conditions.

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Here are a few analogies to describe Climb Bio:

  • An early-stage AbbVie, focused on developing novel antibody treatments for autoimmune diseases.
  • Like a smaller, specialized Regeneron or Amgen, but dedicated to creating antibody drugs for autoimmune conditions.
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Major Products:

  • budoprutug: An anti-CD19 monoclonal antibody therapy for various autoimmune diseases, including systemic lupus erythematosus, lupus nephritis, immune thrombocytopenia, and membranous nephropathy.

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Aoife Brennan, MB, ChB President and Chief Executive Officer

Dr. Aoife Brennan has served as the President and Chief Executive Officer of Climb Bio (formerly Eliem Therapeutics) since June 2024. Prior to joining Climb Bio, she led Synlogic as CEO from 2018 to 2024. She also held senior leadership positions at Biogen, where she was responsible for overseeing the global approvals of ALPROLIX, ELOCTATE, and SPINRAZA. Dr. Brennan currently serves on the boards of directors for Fibrogen Inc. (since August 2020) and Xilio Therapeutics (since June 2024), and previously served on the board of Ra Pharmaceuticals, Inc. until its acquisition in April 2020.

Susan Altschuller, PhD, MBA Chief Financial Officer

Susan Altschuller was appointed Chief Financial Officer and Treasurer of Climb Bio, Inc. on October 1, 2025. She brings over two decades of strategic and financial leadership experience in the biopharmaceutical industry. Most recently, she served as Chief Financial Officer of Dragonfly Therapeutics, Inc., a private biotechnology company, from August 2024 to December 2024. Prior to that, Dr. Altschuller was the Chief Financial Officer of Cerevel Therapeutics, Inc., a publicly traded clinical-stage biopharmaceutical company, from May 2023 until its acquisition by AbbVie Inc. in August 2024. She also served as Chief Financial Officer of ImmunoGen, Inc. from July 2020 to March 2023, where she supported the company's first commercial launch. Her experience also includes roles at Alexion Pharmaceuticals, Inc., where she was Head of Enterprise Finance and Head of Investor Relations, and at Bioverativ Inc. as Head of Investor Relations. Dr. Altschuller began her career as a consultant with the Frankel Group.

Perrin Wilson, PhD Chief Business Officer

Dr. Perrin Wilson was appointed Chief Business Officer of Climb Bio in February 2025. She possesses over 17 years of experience in the pharmaceutical and biotech sectors. In her role, she is responsible for leading pre-commercial planning, communications, and business development initiatives. Before joining Climb Bio, Dr. Wilson held significant positions at Nuvalent and Forma Therapeutics, where she played a key role in major transactions, including a $1.1 billion acquisition by Novo Nordisk.

Edgar Charles, MD, MSc Chief Medical Officer

Dr. Edgar Charles was appointed Chief Medical Officer of Climb Bio in June 2025. He brings over 20 years of experience in immunology-focused pharmaceutical development, academic research, and clinical medicine. Prior to joining Climb Bio, Dr. Charles held clinical roles of increasing responsibility at Bristol Myers Squibb (BMS) since 2015, where he led the development of numerous therapeutic candidates through various clinical trial phases and FDA product approval. Most recently at BMS, he served as Vice President and Senior Global Program Lead, Immunology.

Cindy J. Driscoll, MBA Senior Vice President, Finance

Cindy J. Driscoll was appointed Senior Vice President, Finance for Climb Bio in June 2025. She is a financial executive with over two decades of experience guiding biotechnology companies. Before her role at Climb Bio, she served as Senior Vice President of Finance at HC Bioscience, where she oversaw financial reporting, budgeting, audit, tax, human resources, IT, and facilities. Earlier in her career, Ms. Driscoll held senior finance positions at Magenta Therapeutics and Tokai Pharmaceuticals, where she managed the development of finance and G&A infrastructure to support IPOs and public financings totaling over $450 million. She also led the implementation of Sarbanes-Oxley (SOX) compliance. After the appointment of Susan Altschuller as CFO, Ms. Driscoll continued in her role as the company's principal accounting officer.

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The key risks for Climb Bio (CLYM) are primarily centered around the inherent challenges of clinical-stage biotechnology development.

  1. Clinical Trial and Regulatory Approval Risk: As a clinical-stage biotechnology company without commercial revenue, Climb Bio's success hinges on the outcomes of its clinical trials and subsequent regulatory approvals. Failures in clinical trials, the emergence of safety signals, or disappointing efficacy results for its lead product candidates, budoprutug and CLYM116, could lead to significant declines in stock value. Furthermore, there is a risk that positive results from early-stage trials may not be replicated in later, larger studies. Obtaining and maintaining the necessary approvals from regulatory bodies such as the U.S. Food and Drug Administration (FDA) is a critical and uncertain process.
  2. Cash Burn and Dilution Risk: Climb Bio is currently unprofitable and generates no product revenue. While the company reported a cash balance that management anticipates will fund operations into 2028, its research and development (R&D) and general and administrative (G&A) expenses are increasing. Should further development work or slower patient enrollment lead to a faster-than-expected cash burn, the company may need to raise additional capital through equity offerings or partnership deals, which could dilute the ownership of existing shareholders.
  3. Competition Risk: Climb Bio operates in highly competitive therapeutic areas, with numerous large pharmaceutical and biotechnology companies developing treatments for B-cell, APRIL, and renal autoimmune indications. If competing therapies demonstrate superior safety, efficacy, or commercial attractiveness, Climb Bio's product candidates could face significant market challenges. The market potential for Climb Bio's offerings could also be impacted by the historical performance of comparable existing therapies.

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The addressable markets for Climb Bio's main products, which include therapies for autoimmune-driven inflammatory diseases, can be sized as follows:

  • Systemic Lupus Erythematosus (SLE): The global systemic lupus erythematosus market size was valued at USD 2.60 billion in 2023 and is projected to reach USD 4.26 billion by 2030. Another estimate places the global market at USD 2.8 billion in 2024, expected to grow to USD 4.7 billion by 2033. In North America, the market was valued at USD 1 billion in 2023 and is projected to reach USD 1.9 billion by 2032. The United States market size was approximately USD 2,600 million in 2023.
  • Lupus Nephritis (LN): The global lupus nephritis market size was valued at USD 2.21 billion in 2025 and is projected to reach USD 6.28 billion by 2035. Another report indicates the global market was valued at approximately USD 1.24 billion in 2023 and is projected to reach USD 2.17 billion by 2032. The market size in the seven major markets (7MM), which includes the US, EU4 (Germany, Spain, Italy, France), and the UK and Japan, was estimated to be around USD 1,800 million in 2024. The United States is expected to be the largest market for lupus nephritis treatment.
  • Immune Thrombocytopenia (ITP): The global immune thrombocytopenia (ITP) market size was valued at USD 3.57 billion in 2025 and is projected to exceed USD 4.53 billion by 2035. Another source estimates the global market to be valued at USD 3.65 billion in 2025 and expected to reach USD 4.08 billion by 2032. In 2023, the total market size in the 7MM for ITP was estimated to be nearly USD 4.10 billion, with the US accounting for approximately 66% of this total, or nearly USD 2.80 billion. North America is projected to hold a 52.6% share of the ITP market by 2035.
  • Membranous Nephropathy (MN): The global membranous nephropathy market size was valued at USD 377.56 million in 2025 and is expected to reach USD 575.21 million by 2035. Another projection indicates the global market will grow from USD 124.39 million in 2023 to an estimated USD 168.41 million by 2032. For the 7MM (US, EU4, UK, and Japan), the market reached USD 130.6 million in 2024 and is expected to reach USD 195.4 million by 2035. North America holds the largest market share, anticipated to account for approximately 31.7% by 2035.
  • IgA Nephropathy (IgAN): The addressable market size for IgA Nephropathy is not clearly provided in the search results. While one source mentions a market expected to reach ~$10-20B annually, this appears to be a forward-looking internal projection rather than a definitive market report figure.

AI Analysis | Feedback

Climb Bio, Inc. (CLYM), a clinical-stage biotechnology company, is focused on developing therapies for autoimmune-driven inflammatory diseases. With no current product revenue, the company's future revenue growth over the next 2-3 years is primarily expected to be driven by the advancement and potential commercialization of its pipeline assets, budoprutug and CLYM116. Analysts generally forecast Climb Bio to have zero revenue in 2026 and 2027, with potential revenue generation commencing in 2028.

The key drivers of future revenue growth for Climb Bio include:

  1. Successful Clinical Development and Potential Regulatory Approval of Budoprutug in Primary Membranous Nephropathy (pMN): Climb Bio is actively conducting a Phase 2 trial of budoprutug, an anti-CD19 monoclonal antibody, in primary membranous nephropathy. Initial data from this trial are anticipated in the second half of 2026. Positive outcomes and progression toward regulatory approval would be a significant revenue driver.
  2. Advancement and Potential Approval of Budoprutug in Immune Thrombocytopenia (ITP) and Systemic Lupus Erythematosus (SLE): The company has ongoing Phase 1b/2a and Phase 1b trials for budoprutug in ITP and SLE, respectively, with initial data expected in the second half of 2026. Additionally, regulatory clearance was obtained in December 2025 for an SLE Investigational New Drug (IND) in China, which could also allow for evaluation in lupus nephritis. Success in these indications could open significant market opportunities.
  3. Progress of CLYM116 in IgA Nephropathy (IgAN) and other Renal Indications: Climb Bio is developing CLYM116, an anti-APRIL monoclonal antibody, with initial data from its Phase 1 healthy volunteer study expected around mid-2026. CLYM116 is being developed for IgA nephropathy, a significant unmet medical need, and positive data could pave the way for future commercialization.
  4. Development of a Subcutaneous Formulation for Budoprutug: A Phase 1 trial evaluating a subcutaneous (SC) formulation of budoprutug is underway, with data expected in the first half of 2026. The development of a more convenient subcutaneous administration could enhance patient adherence and market adoption upon commercialization, contributing to revenue growth.
  5. Strategic Partnerships and Licensing Agreements: As a clinical-stage company, successful progression of its pipeline, particularly with positive clinical data readouts, could lead to strategic partnerships, licensing deals, or collaborations. These agreements typically include upfront payments, milestone payments, and potential royalties on future sales, which would represent significant revenue streams for Climb Bio.

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Share Issuance

  • Eliem Therapeutics completed its Initial Public Offering (IPO) in August 2021, raising $80 million by issuing 6.4 million shares at $12.50 per share.
  • In June 2024, Eliem Therapeutics completed a $120 million private placement of common stock in conjunction with its acquisition of Tenet Medicines.
  • As of a March 2026 report, Climb Bio had 47.77 million shares outstanding, with the number of shares increasing by 40.80% in one year.

Inbound Investments

  • Eliem Therapeutics launched in March 2021 with $80 million in financing since its inception in 2019, receiving funding from RA Capital Management, Access Biotechnology, and Intermediate Capital Group (ICG).
  • RA Capital Management acquired approximately $49.95 million worth of Eliem Therapeutics stock on June 27, 2024, as part of the $120 million private placement.
  • The company secured a $120 million private placement of common stock in June 2024, which, combined with existing cash, was projected to provide approximately $210 million in cash and equivalents to support operations until 2027.

Outbound Investments

  • Eliem Therapeutics acquired Tenet Medicines, Inc. in June 2024, a strategic move that pivoted the company's focus toward immunology and inflammation.

Capital Expenditures

  • In the last 12 months, Climb Bio reported capital expenditures of approximately -$186,000.
  • Climb Bio invested $0 in capital expenditures in Q4 2025.
  • Eliem Therapeutics (now Climb Bio) showed CapEx Per Share of $0.00 for 2024 and 2025 across various reporting periods, indicating minimal capital expenditures during this time.

Peer Outperformance in Biotechnology

CLYM has outperformed 71% of its 363 Biotechnology peers over 5Y. Biotechnology ranks 9th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that CLYM has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
98%
of 454 industry peers · 511.1% return
3Y
89%
of 401 industry peers · 310.4% return
5Y
71%
of 363 industry peers · -25.9% return
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is CLYM's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 13.0%46.4%96.1% CAH 447% · MCK 381% · COR 185%
Health Care Services 20 22.6%36.5%10.9% HIMS 289% · RDNT 158% · DGX 81%
Managed Health Care 8 37.5%-6.1%5.7% OSCR 137% · HQY 44% · ELV 18%
Health Care Facilities 24 1.7%12.6%5.5% THC 324% · NHC 267% · ENSG 140%
Health Care Equipment 50 -2.8%3.7%-15.7% POCI 11350% · UFPT 351% · GKOS 251%
Pharmaceuticals 62 -7.3%-3.0%-29.5% INDV 1060% · ETON 976% · LQDA 780%
Health Care Supplies 12 30.5%-5.1%-35.7% LNTH 327% · HAE 75% · MMSI 21%
Life Sciences Tools & Services 109 -8.6%-3.1%-63.0% SNWV 2194% · NTRA 268% · MEDP 235%
Biotechnology ← 364 -17.4%-24.7%-80.3% DNTH 1099% · CELZ 1098% · ELVN 937%
Health Care Technology 21 -27.9%-61.0%-82.3% SPOK 77% · HSTM 19% · VEEV 4%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CLYMTGTXZBIOVERAKYTXXNCRMedian
NameClimb BioTG Thera.Zenas Bi.Vera The.Kyverna .Xencor  
Mkt Price10.8855.0027.1130.326.3924.6525.88
Mkt Cap0.87.81.72.20.41.91.8
Rev LTM08001001050
Op Inc LTM-65136-274-416-159-216-188
FCF LTM-5317-291-339-160-208-184
FCF 3Y Avg-319-158-211-128-163-143
CFO LTM-5318-226-339-159-206-182
CFO 3Y Avg-319-136-210-127-157-131

Growth & Margins

CLYMTGTXZBIOVERAKYTXXNCRMedian
NameClimb BioTG Thera.Zenas Bi.Vera The.Kyverna .Xencor  
Rev Chg LTM-76.1%-93.3%---28.6%-28.6%
Rev Chg 3Y Avg-482.9%---0.6%241.7%
Rev Chg Q-70.3%---17.5%43.9%
QoQ Delta Rev Chg LTM-14.2%---7.8%11.0%
Op Inc Chg LTM-14.9%58.8%-44.8%-76.1%7.4%-49.3%-29.9%
Op Inc Chg 3Y Avg-13.1%65.2%--60.7%--11.7%-12.4%
Op Mgn LTM-17.1%-27,390.1%---205.8%-205.8%
Op Mgn 3Y Avg-21.8%-9,587.9%---136.0%-136.0%
QoQ Delta Op Mgn LTM--4.3%---12.1%3.9%
CFO/Rev LTM-2.2%-22,597.2%---196.1%-196.1%
CFO/Rev 3Y Avg-2.9%-7,884.6%---124.6%-124.6%
FCF/Rev LTM-2.2%-29,097.4%---198.4%-198.4%
FCF/Rev 3Y Avg-2.9%-10,051.6%---129.1%-129.1%

Valuation

CLYMTGTXZBIOVERAKYTXXNCRMedian
NameClimb BioTG Thera.Zenas Bi.Vera The.Kyverna .Xencor  
Mkt Cap0.87.81.72.20.41.91.8
P/S-9.81,711.0--17.817.8
P/Op Inc-12.857.2-6.2-5.2-2.4-8.7-5.7
P/EBIT-12.856.1-3.8-5.5-2.6-14.0-4.6
P/E-14.417.7-3.5-5.4-2.5-11.4-4.5
P/CFO-15.7436.2-7.6-6.4-2.5-9.1-7.0
Total Yield-6.9%5.6%-28.2%-18.7%-39.2%-8.7%-13.7%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-11.7%0.6%--9.6%-53.9%-17.6%-11.7%
D/E0.00.10.20.00.10.10.1
Net D/E-0.20.0-0.2-0.2-0.4-0.2-0.2

Returns

CLYMTGTXZBIOVERAKYTXXNCRMedian
NameClimb BioTG Thera.Zenas Bi.Vera The.Kyverna .Xencor  
1M Rtn-23.6%2.1%-12.9%-13.5%-12.0%1.0%-12.4%
3M Rtn-22.3%-3.7%-5.7%-27.8%-24.7%55.5%-14.0%
6M Rtn29.4%63.1%32.6%-32.7%-28.6%98.5%31.0%
12M Rtn504.4%62.9%2.0%0.8%-3.6%89.2%32.4%
3Y Rtn306.0%692.5%49.4%191.5%-78.7%33.3%120.5%
1M Excs Rtn-30.1%-3.6%-15.7%-12.7%-16.0%-1.3%-14.2%
3M Excs Rtn-21.5%-3.9%-6.7%-30.9%-21.7%60.8%-14.1%
6M Excs Rtn14.9%48.6%18.1%-47.5%-43.2%83.9%16.5%
12M Excs Rtn489.0%38.3%-10.9%-16.5%-26.7%83.1%13.7%
3Y Excs Rtn242.7%527.0%-33.4%49.3%-161.9%-55.0%8.0%

Comparison Analyses

null

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Developing therapeutics for patients with immune-mediated diseases168217110135173
Total168217110135173


Price Behavior

Price Behavior
Market Price$11.00 
Market Cap ($ Bil)0.8 
First Trading Date08/10/2021 
Distance from 52W High-38.3% 
   50 Days200 Days
DMA Price$13.91$9.89
DMA Trendupindeterminate
Distance from DMA-20.9%11.2%
 3M1YR
Volatility73.4%95.5%
Downside Capture108.3952.38
Upside Capture-36.20250.90
Correlation (SPY)6.8%23.6%
CLYM Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta-0.930.010.661.211.771.15
Up Beta-2.290.950.771.172.391.32
Down Beta0.642.601.031.051.480.70
Up Capture-193%-56%25%191%623%337%
Bmk +ve Days6162766132424
Stock +ve Days8172968132348
Down Capture186%-40%108%82%77%104%
Bmk -ve Days16263760120328
Stock -ve Days14243457115364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CLYM
CLYM515.5%95.8%2.31-
Sector ETF (XLV)19.8%15.8%0.9410.9%
Equity (SPY)16.7%13.0%0.9123.2%
Gold (GLD)3.3%29.5%0.1121.3%
Commodities (DBC)45.0%20.9%1.67-11.1%
Real Estate (VNQ)4.8%13.8%0.099.2%
Bitcoin (BTCUSD)-33.2%44.2%-0.7914.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CLYM
CLYM-9.1%105.4%0.39-
Sector ETF (XLV)7.7%15.2%0.318.6%
Equity (SPY)13.9%17.1%0.6213.0%
Gold (GLD)18.5%18.9%0.795.5%
Commodities (DBC)10.0%19.5%0.39-2.3%
Real Estate (VNQ)1.3%18.8%-0.047.2%
Bitcoin (BTCUSD)11.4%52.0%0.395.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CLYM
CLYM-2.7%107.4%0.44-
Sector ETF (XLV)11.0%16.7%0.538.1%
Equity (SPY)15.5%17.9%0.7313.4%
Gold (GLD)11.8%16.4%0.595.8%
Commodities (DBC)8.2%18.1%0.37-1.0%
Real Estate (VNQ)4.5%20.7%0.187.2%
Bitcoin (BTCUSD)63.5%66.2%1.036.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity9.7 Mil
Short Interest: % Change Since 915202614.2%
Average Daily Volume1.7 Mil
Days-to-Cover Short Interest5.6 days
Basic Shares Quantity76.2 Mil
Short % of Basic Shares12.8%

Earnings Returns History

Updated 9/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/202612.3%15.4%17.0%
5/7/2026-2.5%-6.6%-13.7%
3/5/20261.5%0.7%-9.9%
11/6/20251.6%0.0%-5.7%
8/12/2025-2.4%27.9%44.2%
5/14/2025-7.9%-2.4%0.8%
3/25/20250.0%-7.7%0.0%
11/12/2024-7.1%-14.5%-25.8%
...
SUMMARY STATS   
# Positive858
# Negative101310
Median Positive1.7%12.8%7.4%
Median Negative-3.8%-6.6%-12.8%
Max Positive12.3%27.9%44.2%
Max Negative-23.4%-28.1%-34.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/202612.3%15.4%17.0%
5/7/2026-2.5%-6.6%-13.7%
3/5/20261.5%0.7%-9.9%
11/6/20251.6%0.0%-5.7%
8/12/2025-2.4%27.9%44.2%
5/14/2025-7.9%-2.4%0.8%
3/25/20250.0%-7.7%0.0%
11/12/2024-7.1%-14.5%-25.8%
8/14/2024-3.4%-3.7%28.6%
7/20/20236.4%-2.5%-6.8%
5/11/2023-4.2%-10.2%-16.8%
2/14/2023-15.5%-0.1%8.4%
11/14/2022-3.2%-7.4%-2.6%
8/15/2022-2.0%-1.0%4.8%
5/16/2022-23.4%-22.0%6.4%
3/7/20221.2%-0.3%-11.9%
11/8/20216.3%12.8%-29.0%
9/13/20211.9%-28.1%-34.9%
SUMMARY STATS   
# Positive858
# Negative101310
Median Positive1.7%12.8%7.4%
Median Negative-3.8%-6.6%-12.8%
Max Positive12.3%27.9%44.2%
Max Negative-23.4%-28.1%-34.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/05/202610-K
09/30/202511/06/202510-Q
06/30/202508/12/202510-Q
03/31/202505/14/202510-Q
12/31/202403/25/202510-K
09/30/202411/12/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/28/202410-K
09/30/202311/14/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/06/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/05/202610-K
09/30/202511/06/202510-Q
06/30/202508/12/202510-Q
03/31/202505/14/202510-Q
12/31/202403/25/202510-K
09/30/202411/12/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/28/202410-K
09/30/202311/14/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/06/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/16/202210-Q
12/31/202103/07/202210-K
09/30/202111/08/202110-Q
06/30/202109/13/202110-Q
03/31/202108/11/2021424B4

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2028 Cash RunwayReported     RaisedGuidance: 2028 for 2028


Prior: Q3 2025 Earnings Reported 11/6/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Cash RunwayReported     AffirmedGuidance: 0 for 2027

Insider Activity

Updated 9/30/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Thomas, Stephen Basil DirectSell917202613.67100,0001,366,8206,396,294Form
2Brennan, AoifePresident and CEODirectSell630202613.1730,902406,9791,155,417Form
3Thomas, Stephen Basil DirectSell22720267.0116,313114,2891,083,527Form
4Thomas, Stephen Basil DirectSell22720267.0033,687235,9641,197,576Form
5Thomas, Stephen Basil DirectSell21720265.8110,00058,1411,189,896Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Thomas, Stephen Basil DirectSell917202613.67100,0001,366,8206,396,294Form
2Brennan, AoifePresident and CEODirectSell630202613.1730,902406,9791,155,417Form
3Thomas, Stephen Basil DirectSell22720267.0116,313114,2891,083,527Form
4Thomas, Stephen Basil DirectSell22720267.0033,687235,9641,197,576Form
5Thomas, Stephen Basil DirectSell21720265.8110,00058,1411,189,896Form
6Thomas, Stephen Basil DirectSell21720265.2390,000470,9881,123,343Form
7Ra, Capital Management, LPSee footnotesBuy121520252.86101,462290,1819,713,469Form
8Ra, Capital Management, LPSee footnotesBuy121520252.18213,099464,5567,182,786Form

Investor Activity (13F)

Updated Oct 12, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Great Point Partners LLC$9.1 Mil2.2%39ADD +36.2%13F
MPM Bioimpact LLC$17.8 Mil1.4%41Hold13F
Kynam Capital Management, LP$6.9 Mil0.4%36Hold13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Great Point Partners LLC$9.1 Mil2.2%39ADD +36.2%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
MPM Bioimpact LLC$17.8 Mil1.4%41Hold13F
Great Point Partners LLC$9.1 Mil2.2%39ADD +36.2%13F
Kynam Capital Management, LP$6.9 Mil0.4%36Hold13F
Core Cache Last Updated: 10/11/2026