Tearsheet

Curanex Pharmaceuticals (CURX)


Market Price (3/30/2026): $0.47 | Market Cap: $12.0 Mil
Sector: Health Care | Industry: Biotechnology

Curanex Pharmaceuticals (CURX)


Market Price (3/30/2026): $0.47
Market Cap: $12.0 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 -47%
Weak multi-year price returns
2Y Excs Rtn is -43%, 3Y Excs Rtn is -83%
Penny stock
Mkt Price is 0.5
1   Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
2   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.2 Mil
3   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 -15%
4   High stock price volatility
Vol 12M is 573%
5   Key risks
CURX key risks include [1] uncertain clinical trial outcomes for its lead candidate, 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 -47%
1 Weak multi-year price returns
2Y Excs Rtn is -43%, 3Y Excs Rtn is -83%
2 Penny stock
Mkt Price is 0.5
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 -1.2 Mil
5 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 -15%
6 High stock price volatility
Vol 12M is 573%
7 Key risks
CURX key risks include [1] uncertain clinical trial outcomes for its lead candidate, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Curanex Pharmaceuticals (CURX) stock has remained largely at the same level since 11/30/2025 because of the following key factors:

1. Extended Preclinical Development Timeline and Lack of Near-Term Revenue: Curanex Pharmaceuticals operates as a development-stage company, with its primary botanical drug candidate, Phyto-N, remaining in preclinical studies. The company consistently targets an Investigational New Drug (IND) submission for Phyto-N for ulcerative colitis in the fourth quarter of 2026. This prolonged development timeline, with no anticipated revenue streams from drug sales in the near future, limits sustained investor enthusiasm and significant upward stock movement.

2. Persistent Unprofitability and Small Market Capitalization: Curanex Pharmaceuticals has reported ongoing unprofitability, with trailing 12-month earnings ending September 30, 2025, at -$1.3 million. The company maintains a small market capitalization, fluctuating between approximately $8.6 million and $14.5 million during the specified period. This financial profile and micro-cap status make the stock highly speculative and less attractive to a broader range of investors seeking established growth or profitability.

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Stock Movement Drivers

Fundamental Drivers

The -1.5% change in CURX stock from 11/30/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020253292026Change
Stock Price ($)0.490.48-1.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)26260.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
CURX-1.5% 
Market (SPY)-5.3%2.5%
Sector (XLV)-8.7%-4.3%

Fundamental Drivers

The -91.4% change in CURX stock from 8/31/2025 to 3/29/2026 was primarily driven by a 64.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120253292026Change
Stock Price ($)5.600.48-91.4%
Change Contribution By: 
Total Revenues ($ Mil)00.0%
P/S Multiple0.0%
Shares Outstanding (Mil)422664.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
CURX-91.4% 
Market (SPY)0.6%9.5%
Sector (XLV)5.2%4.4%

Fundamental Drivers

The -21.3% change in CURX stock from 2/28/2025 to 3/29/2026 was primarily driven by a 8.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820253292026Change
Stock Price ($)0.610.48-21.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)28268.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
CURX-21.3% 
Market (SPY)9.8%9.1%
Sector (XLV)-2.1%4.3%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
CURX-21.3% 
Market (SPY)69.4%9.1%
Sector (XLV)18.4%4.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CURX Return0%0%0%0%-46%55%-16%
Peers Return5%-40%-10%51%99%17%98%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
CURX Win Rate0%0%0%0%8%67% 
Peers Win Rate56%44%50%52%60%50% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
CURX Max Drawdown0%0%0%0%-46%-19% 
Peers Max Drawdown-30%-55%-46%-6%-34%-14% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: KYMR, APGE, NKTR, ABBV.
[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 3/27/2026 (YTD)

How Low Can It Go

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In The Past

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About Curanex Pharmaceuticals (CURX)

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Jun Liu Chief Executive Officer, Chairman of the Board and President

Jun Liu was appointed as President and Chairman of the Board of Curanex Pharmaceuticals Inc. in February 2024. In March 2026, a four-year executive employment agreement formalized his ongoing leadership, entrusting him with overall responsibility for the company's management, corporate strategy, research and development oversight, clinical and regulatory coordination, capital markets activities, and business execution. He directly owns 24.97% of the company's shares.

Wanjun Zhang Chief Financial Officer and Treasurer

Wanjun Zhang was appointed Chief Financial Officer and Treasurer of Curanex Pharmaceuticals Inc. effective January 1, 2026. He is 52 years old and brings over 20 years of experience in financial and accounting roles, with expertise in financial reporting, compliance, and business strategy. Prior to joining Curanex, Mr. Zhang provided financial consulting and accounting services to small and medium-sized companies since July 2020. He previously served as finance director at Beijing Huaxiahuitong Petty Loan Co. Ltd. from July 2017 to July 2020 and as finance director at Perfect World (Beijing) Software Co., Ltd., a former NASDAQ-listed company, from August 2010 to February 2016. Mr. Zhang holds a Bachelor's degree in Accounting from the Central University of Finance and Economics in Beijing, China.

Dr. Ning Zhang, PhD Chief Technology Officer

Dr. Ning Zhang holds the position of Chief Technology Officer at Curanex Pharmaceuticals.

Dr. Liqin Xie, PhD Chief Operating Officer

Dr. Liqin Xie serves as the Chief Operating Officer of Curanex Pharmaceuticals Inc. An at-will executive employment agreement for Dr. Xie became effective on March 1, 2026. She is involved in the operational aspects of the company's drug development, including milestones such as the completion of GMP-compliant pilot-scale batches for drug candidates.

Dr. Huijuan Zhong Chief Science Officer and Director

Dr. Huijuan Zhong is the Chief Science Officer and a Director at Curanex Pharmaceuticals.

AI Analysis | Feedback

The key risks for Curanex Pharmaceuticals (CURX) primarily stem from its status as a developmental-stage pharmaceutical company with no current revenue-generating products.

  1. Clinical Development and Regulatory Approval Risk: As a preclinical-stage pharmaceutical company, Curanex Pharmaceuticals' success is heavily reliant on the successful progression of its lead botanical drug candidate, Phyto-N, through rigorous preclinical studies, Investigational New Drug (IND) submission, and subsequent clinical trials. The company is currently targeting an IND submission for ulcerative colitis in the fourth quarter of 2026, with Phase I clinical trials expected to follow. Failures at any stage of development, delays in regulatory approvals, or unexpected adverse effects could significantly impede its ability to bring products to market, which is a common and critical risk for companies in this industry.
  2. Financial Sustainability and Cash Runway: Curanex Pharmaceuticals reported negative net income and no revenue in the past year, indicating a reliance on external funding for its operations. The company has a limited cash runway, less than one year, suggesting that it will need to secure additional financing in the near future to continue its drug development programs. While its current liquidity and solvency are excellent with no outstanding debt, this financial health is based on its recent initial public offering in August 2025, which raised $15 million. Sustaining operations and advancing drug candidates without a commercialized product poses a significant financial risk.
  3. High Stock Volatility and Low Liquidity: The company's stock is characterized by high volatility and is considered "very high risk" due to periodic low trading volume. Such volatility can lead to significant fluctuations in share price, making it a speculative investment. Low liquidity can also make it challenging for investors to buy or sell shares without significantly impacting the stock price.

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Curanex Pharmaceuticals (CURX) Addressable Markets for Main Products and Services

Curanex Pharmaceuticals (CURX) is a developmental-stage pharmaceutical company focused on discovering and developing botanical drugs for inflammatory diseases. Its lead candidate, Phyto-N, is being developed for several indications, with ulcerative colitis being the primary focus.

The addressable markets for Curanex Pharmaceuticals' main product indications are as follows, with market sizes provided globally:

  • Ulcerative Colitis: The global ulcerative colitis market size was valued at approximately USD 6.59 billion in 2024 and is projected to reach USD 9.72 billion by 2033. Other estimates place the global market at USD 8.3 billion in 2025, growing to USD 14.9 billion by 2035.
  • Atopic Dermatitis: The global atopic dermatitis drugs market size was valued at approximately USD 12.1 billion in 2024 and is estimated to grow to USD 31 billion by 2034.
  • Type 2 Diabetes: The global Type 2 Diabetes market size was valued at approximately USD 36.7 billion in 2024 and is projected to reach USD 71.55 billion by 2033.
  • Nonalcoholic Fatty Liver Disease (NAFLD): The global NAFLD drug market size is estimated to be around USD 21.98 billion in 2025 and is predicted to increase to approximately USD 33.6 billion by 2034.
  • Gout: The global gout treatment market size was valued at approximately USD 2.40 billion in 2024 and is expected to reach USD 4.75 billion by 2032. Another report estimates the global gout therapeutics market at USD 3.0 billion in 2025, growing to USD 5.7 billion by 2035.

AI Analysis | Feedback

Curanex Pharmaceuticals (CURX) is a developmental-stage biotechnology company focused on discovering, developing, and commercializing botanical drugs for inflammatory diseases. The company's future revenue growth over the next 2-3 years is primarily anticipated to be driven by progress in its lead drug candidate and strategic advancements in its pipeline.

Here are 3-5 expected drivers of future revenue growth for Curanex Pharmaceuticals:

  1. Advancement of Phyto-N for Ulcerative Colitis: Curanex's lead botanical drug candidate, Phyto-N, is primarily focused on treating moderate to severe ulcerative colitis. The company has recently completed a Good Manufacturing Practice (GMP)-compliant pilot-scale batch of Phyto-N. Curanex plans to submit an Investigational New Drug (IND) application for ulcerative colitis and initiate Phase I clinical trials in the fourth quarter of 2026. Successful progression through these regulatory and clinical milestones will be a critical driver for future revenue potential.
  2. Expansion into Multiple Therapeutic Indications for Phyto-N: Beyond ulcerative colitis, Phyto-N is in preclinical research for several other inflammatory conditions, including atopic dermatitis, COVID-19, type 2 diabetes, nonalcoholic fatty liver disease (NAFLD), and gout. Advancing Phyto-N through development for these additional indications would significantly broaden the drug's market potential and open new avenues for revenue generation.
  3. Strategic Licensing Agreements and Commercialization: As a developmental-stage company, Curanex Pharmaceuticals anticipates revenue generation only upon successful commercialization of its products or through strategic licensing agreements. Future partnerships or licensing deals with larger pharmaceutical entities for Phyto-N or other pipeline candidates could provide crucial funding, milestone payments, and eventual royalties, thereby driving revenue growth.
  4. Leveraging Botanical Drug Development Approach: Curanex emphasizes its unique botanical drug development approach, which aims for high-efficacy botanical drugs with de-risked clinical pathways. The company highlights that Phyto-N has a history of human use over 30 years in China, demonstrating favorable tolerability and providing extensive preclinical data across multiple indications. This established safety profile and scientific backing for its botanical programs could expedite regulatory approvals and market acceptance, serving as a competitive advantage and a driver for accelerated commercialization.

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Share Issuance

  • Curanex Pharmaceuticals completed its Initial Public Offering (IPO) in August 2025, issuing 3.75 million shares of common stock at $4.00 per share, generating gross proceeds of $15 million.
  • The underwriters fully exercised their over-allotment option in September 2025, purchasing an additional 562,500 shares at $4.00 each, resulting in an additional $2.25 million in gross proceeds and bringing the total gross proceeds from the IPO to $17.25 million.
  • The company issued 28,312 shares of its common stock to an investor for $200,000 in a private placement in September 2025.

Inbound Investments

  • The company received $200,000 from investor Xiaohong Song through a private placement of common stock in September 2025.
  • Curanex Pharmaceuticals received loans totaling $400,000 from Dian Ying Jing, the company's secretary and spouse of the chief executive officer, in February and May 2025, which were subsequently repaid in September 2025.

Capital Expenditures

  • Net proceeds from the August 2025 IPO, approximately $12.87 million, are intended to fund the development of its lead product candidate, Phyto-N, for ulcerative colitis, including FDA-required toxicology and pharmacokinetic studies, and preparation of an Investigational New Drug (IND) application.
  • As of September 30, 2025, Curanex reported $8.47 million in prepaid research and development with Contract Research Organizations (CROs) and Contract Development and Manufacturing Organizations (CDMOs).
  • In February 2026, Curanex completed a Good Manufacturing Practice (GMP)-compliant pilot-scale batch of its lead botanical drug candidate, Phyto-N, a key manufacturing milestone supporting upcoming toxicology and pharmacokinetic studies for a planned IND submission in Q4 2026.

Trade Ideas

Select ideas related to CURX.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
QDEL_2282026_Insider_Buying_45D_2Buy_200K02282026QDELQuidelOrthoInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
CHE_2272026_Dip_Buyer_FCFYield02272026CHEChemedDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
LLY_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026LLYEli LillyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
HAE_2202026_Dip_Buyer_FCFYield02202026HAEHaemoneticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.5%3.5%0.0%
IQV_2132026_Dip_Buyer_ValueBuy02132026IQVIQVIADip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
7.1%7.1%-3.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CURXKYMRAPGENKTRABBVMedian
NameCuranex .Kymera T.Apogee T.Nektar T.AbbVie  
Mkt Price0.4878.1677.8268.66209.4077.82
Mkt Cap0.07.05.21.4370.45.2
Rev LTM03905561,16039
Op Inc LTM-1-346-286-13120,091-131
FCF LTM-10-234-233-20917,816-209
FCF 3Y Avg--193-160-19319,237-176
CFO LTM-10-233-227-20919,030-209
CFO 3Y Avg--177-158-19220,225-167

Growth & Margins

CURXKYMRAPGENKTRABBVMedian
NameCuranex .Kymera T.Apogee T.Nektar T.AbbVie  
Rev Chg LTM--16.7%--43.9%8.6%-16.7%
Rev Chg 3Y Avg-3.7%--12.3%1.9%1.9%
Rev Chg Q--61.2%--25.3%10.0%-25.3%
QoQ Delta Rev Chg LTM--10.3%--11.8%2.5%-10.3%
Op Mgn LTM--881.3%--236.8%32.8%-236.8%
Op Mgn 3Y Avg--545.7%--172.9%26.3%-172.9%
QoQ Delta Op Mgn LTM--130.4%--18.9%8.8%-18.9%
CFO/Rev LTM--594.0%--377.5%31.1%-377.5%
CFO/Rev 3Y Avg--379.3%--256.6%35.5%-256.6%
FCF/Rev LTM--597.7%--377.8%29.1%-377.8%
FCF/Rev 3Y Avg--404.4%--257.5%33.8%-257.5%

Valuation

CURXKYMRAPGENKTRABBVMedian
NameCuranex .Kymera T.Apogee T.Nektar T.AbbVie  
Mkt Cap0.07.05.21.4370.45.2
P/S-179.4-25.36.125.3
P/EBIT-10.1-22.6-18.4-10.839.0-10.8
P/E-9.5-22.6-20.5-8.587.7-9.5
P/CFO-1.3-30.2-23.0-6.719.5-6.7
Total Yield-10.6%-4.4%-4.9%-11.8%4.3%-4.9%
Dividend Yield0.0%0.0%0.0%0.0%3.1%0.0%
FCF Yield 3Y Avg--6.3%-5.6%-98.1%6.0%-6.0%
D/E0.00.00.00.10.20.0
Net D/E-0.5-0.1-0.1-0.10.2-0.1

Returns

CURXKYMRAPGENKTRABBVMedian
NameCuranex .Kymera T.Apogee T.Nektar T.AbbVie  
1M Rtn6.6%-14.4%11.2%-0.5%-9.8%-0.5%
3M Rtn32.1%-3.9%0.6%54.3%-8.2%0.6%
6M Rtn-39.3%39.0%103.6%17.4%-3.6%17.4%
12M Rtn-21.3%163.9%95.9%520.0%5.4%95.9%
3Y Rtn-21.3%176.5%266.6%619.7%47.8%176.5%
1M Excs Rtn12.2%-9.9%20.5%12.0%1.0%12.0%
3M Excs Rtn28.2%2.1%7.8%64.4%-0.1%7.8%
6M Excs Rtn-25.7%49.0%111.0%27.0%0.9%27.0%
12M Excs Rtn-32.8%145.7%82.4%459.5%-4.0%82.4%
3Y Excs Rtn-83.1%115.7%204.8%418.7%-9.9%115.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023
Single Segment00
Total00


Assets by Segment
$ Mil20242023
Single Segment00
Total00


Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 2282026-88.9%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity25.6 Mil
Short % of Basic Shares1.6%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
09/30/202511/17/202510-Q
06/30/202509/09/202510-Q
03/31/202508/26/2025424B4
09/30/202411/01/2024S-1/A
06/30/202410/16/2024S-1