Tearsheet

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

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Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Oncology Treatments, Targeted Therapies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -69%, 3Y Excs Rtn is -104%

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 -34 Mil

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 -56%

Key risks
OSTX key risks include [1] uncertainty over the final regulatory approval of its lead candidate, Show more.

0 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Oncology Treatments, Targeted Therapies, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -69%, 3Y Excs Rtn is -104%
2 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -34 Mil
4 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 -56%
5 Key risks
OSTX key risks include [1] uncertainty over the final regulatory approval of its lead candidate, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/16/2026

OS Therapies (OSTX) stock has gained about 20% since 2/28/2026 because of the following key factors:

1. Positive 2.5-year overall survival data for lead oncology candidate OST-HER2.

On June 2, 2026, OS Therapies announced statistically significant 2.5-year overall survival data from its Phase 2b clinical trial of OST-HER2 in fully resected pulmonary metastatic osteosarcoma. The data showed 75% overall survival compared to a 47% pooled historical control (p=0.003), with no new patient deaths reported between the 2-year and 2.5-year timepoints.

2. Significant regulatory progress for OST-HER2, including potential for a Priority Review Voucher (PRV).

The company achieved global regulatory alignment on the design of its Phase 3 trial for OST-HER2, including the use of a pharmacodynamic biomarker as a surrogate efficacy endpoint, with the confirmatory trial expected to commence in Australia in fiscal Q3 2026. The European Medicines Agency (EMA) initiated a rolling review for a conditional Marketing Authorization Application (MAA) for OST-HER2 in fiscal Q2 2026. OS Therapies is also on track to submit a Biologics License Application (BLA) under the Accelerated Approval Program for OST-HER2 in the second half of 2026, which, if approved, would make the company eligible for a Priority Review Voucher (PRV) that it intends to sell, with the most recent publicly disclosed PRV transaction valued at $205 million in February 2026.

Show more
Updated on 6/16/2026

OS Therapies (OSTX) stock has gained about 20% since 2/28/2026 because of the following key factors:

1. Positive 2.5-year overall survival data for lead oncology candidate OST-HER2.

On June 2, 2026, OS Therapies announced statistically significant 2.5-year overall survival data from its Phase 2b clinical trial of OST-HER2 in fully resected pulmonary metastatic osteosarcoma. The data showed 75% overall survival compared to a 47% pooled historical control (p=0.003), with no new patient deaths reported between the 2-year and 2.5-year timepoints.

2. Significant regulatory progress for OST-HER2, including potential for a Priority Review Voucher (PRV).

The company achieved global regulatory alignment on the design of its Phase 3 trial for OST-HER2, including the use of a pharmacodynamic biomarker as a surrogate efficacy endpoint, with the confirmatory trial expected to commence in Australia in fiscal Q3 2026. The European Medicines Agency (EMA) initiated a rolling review for a conditional Marketing Authorization Application (MAA) for OST-HER2 in fiscal Q2 2026. OS Therapies is also on track to submit a Biologics License Application (BLA) under the Accelerated Approval Program for OST-HER2 in the second half of 2026, which, if approved, would make the company eligible for a Priority Review Voucher (PRV) that it intends to sell, with the most recent publicly disclosed PRV transaction valued at $205 million in February 2026.

3. Successful capital raise extending cash runway.

OS Therapies successfully raised approximately $11.2 million in capital during fiscal Q1 2026 (which ended March 30, 2026) and early fiscal Q2 2026. This financing included a $5.5 million registered direct offering that closed on April 2, 2026, and $5.7 million in capital raised during fiscal Q1 2026. This capital infusion is projected to extend the company's cash runway into 2027, addressing immediate liquidity concerns.

4. Favorable analyst sentiment and high price targets.

Analyst coverage reflects a "Strong Buy" consensus for OSTX, with a median price target of $9.30. This implies a substantial upside of approximately 440.4% from the stock's trading levels around June 16, 2026, signaling strong confidence in OS Therapies' future prospects and its lead drug candidate, OST-HER2.

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Stock Movement Drivers

Fundamental Drivers

The 20.4% change in OSTX stock from 2/28/2026 to 6/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820266162026Change
Stock Price ($)1.471.7720.4%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)3239-17.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/16/2026
ReturnCorrelation
OSTX20.4% 
Market (SPY)9.7%27.8%
Sector (XLV)-4.1%6.7%

Fundamental Drivers

The -1.1% change in OSTX stock from 11/30/2025 to 6/16/2026 was primarily driven by a -17.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020256162026Change
Stock Price ($)1.791.77-1.1%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)3239-17.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/16/2026
ReturnCorrelation
OSTX-1.1% 
Market (SPY)10.4%28.4%
Sector (XLV)-2.2%8.8%

Fundamental Drivers

The 15.7% change in OSTX stock from 5/31/2025 to 6/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120256162026Change
Stock Price ($)1.531.7715.7%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)2139-45.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/16/2026
ReturnCorrelation
OSTX15.7% 
Market (SPY)28.8%28.2%
Sector (XLV)17.4%16.8%

Fundamental Drivers

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Market Drivers

5/31/2023 to 6/16/2026
ReturnCorrelation
OSTX  
Market (SPY)86.6%13.8%
Sector (XLV)25.8%10.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OSTX Return---71%-67%23%-31%
Peers Return-49%-45%21%-19%-6%55%-60%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
OSTX Win Rate---40%25%50% 
Peers Win Rate33%33%50%47%48%67% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
OSTX Max Drawdown-----78%-28% 
Peers Max Drawdown-71%-75%-69%-78%-65%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PBYI, ALXO, STRO, CRBP, PYXS.
[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 6/16/2026 (YTD)

How Low Can It Go

EventOSTXS&P 500
2025 US Tariff Shock
  % Loss-39.8%-18.8%
  % Gain to Breakeven66.1%23.1%
  Time to Breakeven19 days79 days

Compare to PBYI, ALXO, STRO, CRBP, PYXS

In The Past

OS Therapies's stock fell -39.8% during the 2025 US Tariff Shock. Such a loss loss requires a 66.1% 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.

EventOSTXS&P 500
2025 US Tariff Shock
  % Loss-39.8%-18.8%
  % Gain to Breakeven66.1%23.1%
  Time to Breakeven19 days79 days

Compare to PBYI, ALXO, STRO, CRBP, PYXS

In The Past

OS Therapies's stock fell -39.8% during the 2025 US Tariff Shock. Such a loss loss requires a 66.1% 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 OS Therapies (OSTX)

OS Therapies Incorporated (OSTX) is a clinical-stage biopharmaceutical company dedicated to the identification, development, and commercialization of new treatments for Osteosarcoma (OS) and other solid tumors. The company's primary mission is to address the significant unmet need for new therapies in bone cancers, particularly in children and young adults afflicted with Osteosarcoma. This aggressive and challenging cancer currently lacks new FDA-approved treatments for over 40 years, and patients frequently experience recurrence with poor survival rates following initial therapies.

The company's lead product candidate is OST-HER2 (also known as OST31-164), which is initially focused on Osteosarcoma. OS Therapies intends to expand the application of OST-HER2 to other solid tumors sharing similar recurrence mechanisms, including breast, esophageal, and lung cancers. Furthermore, OS Therapies is developing the OST-Tunable Drug Conjugate (OST-tADC) platform, which represents a next-generation antibody-drug conjugate (ADC) technology. This platform is designed to target ovarian, lung, and pancreatic cancers, with future plans to investigate its clinical indications for Osteosarcoma as well.

OS Therapies is addressing a critical medical need, especially given that the current standard of care for Osteosarcoma after initial treatment is to simply monitor for recurrence or metastasis. Studies indicate that approximately half of all patients experience recurrence within 12 to 18 months, often leading to metastasis in the lungs and brain with very low subsequent survival rates. By focusing on innovative treatments for these challenging cancers with high recurrence rates, OS Therapies aims to significantly improve patient outcomes in underserved oncology markets.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe OS Therapies (OSTX):

1. An **Alexion Pharmaceuticals** (a company known for developing drugs for rare diseases), but with a primary mission to tackle rare pediatric bone cancers like Osteosarcoma that haven't seen new treatments in over 40 years.

2. A younger **Seagen or ImmunoGen** (leaders in targeted cancer therapies using Antibody-Drug Conjugates), but with a 'next-generation' platform for difficult and recurrent solid tumors.

AI Analysis | Feedback

Major products of OS Therapies (OSTX):

  • OST-HER2 (also known as OST31-164): A lead product candidate for treating Osteosarcoma and other solid tumors with a similar recurrence mechanism of action.
  • OST-Tunable Drug Conjugate (OST-tADC) platform: A next-generation antibody-drug conjugate (ADC) technology targeting ovarian, lung, and pancreatic cancers, with future investigation for Osteosarcoma.

AI Analysis | Feedback

OS Therapies (OSTX) is a clinical-stage biopharmaceutical company focused on the identification, development, and eventual commercialization of treatments for Osteosarcoma and other solid tumors. As described in the background, the company is currently developing product candidates like OST-HER2 and its OST-Tunable Drug Conjugate (OST-tADC) platform.

At its current stage, OS Therapies does not have commercialized products and therefore does not have major customers in the traditional sense of selling products to other companies or directly to individuals. Its primary activities revolve around research, development, and clinical trials for its drug candidates.

AI Analysis | Feedback

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AI Analysis | Feedback

Paul Romness, Chief Executive Officer, President, and Chairman

Mr. Paul Romness is the Founder, President, Chief Executive Officer, and a Director of OS Therapies Inc. since April 2018, and has served as Chairman since October 2024. With over 25 years of experience in the biopharmaceutical industry, he has led product launches for major companies such as Johnson & Johnson and Amgen. Mr. Romness has been directly involved in the launch of nine major products, spanning indications including oncology, surgery, HIV, and cardiovascular diseases. His career has consistently focused on addressing unmet medical needs. He holds a B.S. in Finance from American University and a Master of Health Policy from George Washington University Medical Center. Mr. Romness founded OS Therapies after his daughter's best friend was diagnosed with osteosarcoma.

Christopher P. Acevedo, Chief Financial Officer

Mr. Christopher P. Acevedo has served as the Chief Financial Officer of OS Therapies Inc. since July 2023, having previously served as lead accountant and interim CFO since June 2020. He is a seasoned financial expert with extensive experience in accounting, mergers and acquisitions (M&A), and business strategy. Mr. Acevedo founded his first business at the age of 17 and has successfully operated his own CPA firm since 2010, which also manages OS Therapies' accounting. His prior experience includes holding CFO roles at five other companies with revenues ranging from $10 million to $50 million. He possesses expertise in finance, information technology, human resources, and taxation, and is a CPA with certifications in Delaware, Maryland, and Pennsylvania. Mr. Acevedo is a University of Delaware graduate.

Robert Petit, Chief Medical & Scientific Officer, Founding Scientist (OST-HER2)

Dr. Robert Petit is a seasoned biopharma executive and medical scientist who has held C-Suite roles across various fields, including biotech, oncology, immunology, and infectious disease. He is recognized for his expertise in corporate strategy, clinical and scientific development, and regulatory affairs. Dr. Petit is also a Founding Scientist for OST-HER2, OS Therapies' lead core product candidate, and has been involved with this program for over 12 years.

Gerald Commisiong, Chief Business Officer

Mr. Gerald Commisiong is a healthcare executive with over 15 years of experience in C-suite roles within emerging growth companies. He has a strong track record of leading growth in therapeutics, diagnostics, and natural products, and has raised over $70 million in equity and debt capital. His prior leadership roles include serving as President & CEO of Amarantus Bioscience Holdings, Inc. and Todos Medical, Ltd. Mr. Commisiong's experience spans neurology, regenerative medicine, oncology, and infectious disease. He holds a B.S. in Management Science & Engineering from Stanford University and previously played professional football in the Canadian Football League.

Jack Doll, Chief of Staff

Mr. Jack Doll brings over half a decade of experience in the planning, implementation, and regulatory development of clinical trials, particularly in rare pediatric diseases. His background also includes capital raising in both public and private markets, grant writing, and go-public strategy.

AI Analysis | Feedback

The key risks for OS Therapies (OSTX) are:

  1. Clinical Trial Failure and Regulatory Approval Risk: As a clinical-stage biopharmaceutical company, OS Therapies' success is entirely dependent on the successful development, clinical validation, and regulatory approval of its product candidates, primarily OST-HER2 and its OST-Tunable Drug Conjugate (OST-tADC) platform. There is no guarantee that their product candidates will prove safe and effective in clinical trials, meet regulatory endpoints, or receive necessary approvals from bodies like the U.S. Food and Drug Administration (FDA). The company explicitly states, "We believe that there have not been any new treatments approved by the U.S. Food and Drug Administration (FDA) for Osteosarcoma for more than 40 years," underscoring the significant challenge in developing successful treatments for this disease.
  2. Limited Market Size due to Rare Disease Focus: OS Therapies' primary focus is on Osteosarcoma (OS), which the company describes as "an extremely rare cancer that primarily affects children, teenagers and young adults." While this addresses a significant unmet medical need, the small patient population for rare diseases like Osteosarcoma inherently limits the potential market size and commercial opportunities, even if a product successfully gains approval.
  3. Reliance on a Limited Pipeline and Lead Product Candidate: The company's immediate future heavily relies on the success of its lead core product candidate, OST-HER2 (also known as OST31-164), for Osteosarcoma. Although OS Therapies also has the OST-tADC platform and intends to expand into other solid tumors, the description indicates that OST-HER2 is currently the most advanced candidate, particularly noting, "We are not aware of any competing adjuvant therapy for Osteosarcoma to be tested in children that is further along in the development process than OST-HER2." A setback or failure with OST-HER2 would significantly impact the company's prospects given its current stage and pipeline breadth.

AI Analysis | Feedback

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AI Analysis | Feedback

OS Therapies (OSTX) targets several addressable markets for its main products and services:

  • For Human Osteosarcoma, the global total addressable market (TAM) is estimated at $1.2 billion. Additionally, the expected U.S. topline revenue for their product candidate OST-HER2 in osteosarcoma is over $500 million.
  • The global total addressable market (TAM) for Canine Osteosarcoma is estimated at over $150 million.
  • For HER2-expressing solid tumors, which include breast, gastric, and colorectal cancers and are targeted by OST-HER2, the global market is estimated at $55 billion.
  • Specifically for Breast Cancer, as a follow-on application for OST-HER2, the global total addressable market (TAM) is estimated at $35 billion.
  • The global market for Antibody Drug Conjugates (ADCs), relevant to OS Therapies' OST-Tunable Drug Conjugate (OST-tADC) platform, is anticipated to reach $19.8 billion by 2028.
  • The broader global Cancer Immunotherapy market, relevant to both of OS Therapies' platforms, has a total addressable market (TAM) of $126 billion.
  • The overall global total addressable market (TAM) for all of OS Therapies' assets and follow-on applications is $258 billion.
  • For Esophageal Cancer treatment, a target for OST-HER2, the global market size was valued at USD 3.16 billion in 2025 and is projected to reach USD 7.39 billion by 2034.
  • The global Lung Cancer therapeutics market, targeted by both OST-HER2 and OST-tADC, was estimated at USD 35.1 billion in 2024 and is projected to grow to USD 95.1 billion by 2034.
  • The global Ovarian Cancer drugs market, targeted by OST-tADC, was exhibited at USD 4.09 billion in 2025 and is projected to reach approximately USD 7.78 billion by 2035.
  • For Pancreatic Cancer treatment, also targeted by OST-tADC, the global market size was valued at USD 3.82 billion in 2025 and is projected to grow to USD 14.43 billion by 2034.

AI Analysis | Feedback

The following are expected drivers of future revenue growth for OS Therapies (OSTX) over the next 2-3 years:
  • Commercialization of OST-HER2 for Human Osteosarcoma: The primary driver is the potential regulatory approval and subsequent commercial launch of OST-HER2, OS Therapies' lead immunotherapy candidate for osteosarcoma. The company has reported positive Phase 2b clinical trial data, demonstrating statistically significant benefits in event-free survival and overall survival. OST-HER2 has received Fast-Track, Orphan Drug, and Rare Pediatric Disease Designations from the FDA, supporting an accelerated regulatory pathway. OS Therapies is targeting Biologics License Application (BLA) submission to the FDA in January 2026 and Marketing Authorization Application (MAA) filings in the UK and EU around the same time, with potential Accelerated Approval in the U.S. by Q3 2026, UK by Q2 2026, and EU by Q4 2026. A U.S. commercial partnership with Eversana has been secured, positioning the company for a potential U.S. launch in the first half of 2026. Analysts forecast significant revenue for OSTX in 2026, 2027, and 2028, with the company projecting over $500 million in topline revenue from OST-HER2 in human osteosarcoma if approved.
  • Monetization of the Priority Review Voucher (PRV): Upon receiving Accelerated Approval for OST-HER2, OS Therapies will be eligible for a Priority Review Voucher, which it intends to sell. This PRV could be a significant source of non-product revenue, with recent comparable sales reported at values between approximately $155 million and $205 million. The company anticipates 2026 revenue to primarily result from the sale of this PRV.
  • Growth from OS Animal Health Subsidiary: OS Therapies has formed an OS Animal Health subsidiary, which is pursuing a "go-public" transaction, to leverage the conditional approval of OST-HER2 for canine osteosarcoma. This market is estimated to be over $150 million.
  • Advancement and Potential Monetization of Pipeline Assets: OS Therapies continues to advance its OST-Tunable Drug Conjugate (OST-tADC) platform, which is in preclinical development and targets ovarian, lung, and pancreatic cancers, as well as potentially osteosarcoma. Additionally, OST-HER2 is being developed for expanded indications, including breast cancer and other solid tumors. The company has also acquired Ayala's listeria immunotherapy platform, adding more clinical and preclinical programs to its pipeline. An emerging prostate cancer program, with a Phase 1b study of OST-504 in castration-resistant prostate cancer, is expected to generate data in the first half of 2026. While direct product sales from these assets may extend beyond the 2-3 year timeframe, positive clinical data and pipeline progression increase asset value and could lead to future partnership agreements, licensing deals, or milestone payments.

AI Analysis | Feedback

Share Issuance

  • OS Therapies completed its Initial Public Offering (IPO) on August 1, 2024, issuing 1,600,000 shares of common stock at $4.00 per share, yielding $6 million in gross proceeds.
  • The company priced a $6 million private placement on December 24, 2024, by selling 1.5 million units at $4.00 per unit, with each unit consisting of one share of Series A Senior Convertible Preferred Stock and one warrant.
  • On January 10, 2026, OS Therapies entered into warrant inducement agreements that generated approximately $7.53 million in gross proceeds from the exercise or pre-funding of existing warrants.

Inbound Investments

  • OS Therapies completed a $7.1 million financing round in January 2025.
  • The company received $6 million from a private placement in December 2024, with 95% of the investment from pre-IPO and/or IPO investors.
  • On March 4, 2026, OS Therapies raised $2 million in gross proceeds through a private placement of 10.0% original issue discount unsecured convertible promissory notes and accompanying warrants from accredited investors.

Outbound Investments

  • OS Therapies announced the strategic acquisition of clinical and intellectual property assets from Ayala, including two Listeria-based immunotherapy candidates for lung and prostate cancer.

Capital Expenditures

  • OS Therapies invested $0 in capital expenditures in Q3 2025.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1OS Therapies Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

OSTXPBYIALXOSTROCRBPPYXSMedian
NameOS Thera.Puma Bio.ALX Onco.Sutro Bi.Corbus P.Pyxis On. 
Mkt Price1.777.171.3828.177.881.754.47
Mkt Cap0.10.40.10.40.10.10.1
Rev LTM022701000147
Op Inc LTM-3429-88-87-90-84-86
FCF LTM-1654-78-152-74-64-69
FCF 3Y Avg-1040-110-157-51-66-59
CFO LTM-1554-78-152-74-64-69
CFO 3Y Avg-1040-109-154-51-64-57

Growth & Margins

OSTXPBYIALXOSTROCRBPPYXSMedian
NameOS Thera.Puma Bio.ALX Onco.Sutro Bi.Corbus P.Pyxis On. 
Rev Chg LTM--2.4%-49.9%--14.2%-2.4%
Rev Chg 3Y Avg--1.1%-33.2%--16.1%
Rev Chg Q--2.6%--16.5%---9.6%
QoQ Delta Rev Chg LTM--0.5%--2.8%-391.4%-0.5%
Op Inc Chg LTM-202.9%-20.8%35.5%62.0%-52.6%-23.2%-22.0%
Op Inc Chg 3Y Avg--1.6%9.2%-12.6%-31.9%9.0%-1.6%
Op Mgn LTM-13.0%--87.4%--609.2%-87.4%
Op Mgn 3Y Avg-13.5%--166.6%---76.6%
QoQ Delta Op Mgn LTM--3.4%-15.0%-2,413.2%15.0%
CFO/Rev LTM-23.6%--152.2%--458.2%-152.2%
CFO/Rev 3Y Avg-17.6%--173.4%---77.9%
FCF/Rev LTM-23.6%--152.7%--458.2%-152.7%
FCF/Rev 3Y Avg-17.5%--176.3%---79.4%

Valuation

OSTXPBYIALXOSTROCRBPPYXSMedian
NameOS Thera.Puma Bio.ALX Onco.Sutro Bi.Corbus P.Pyxis On. 
Mkt Cap0.10.40.10.40.10.10.1
P/S-1.6-3.7-8.03.7
P/Op Inc-2.012.4-1.6-4.2-1.6-1.3-1.6
P/EBIT-1.910.6-1.7-3.3-1.7-1.3-1.7
P/E-1.915.0-1.6-2.4-1.7-1.4-1.7
P/CFO-4.56.8-1.8-2.4-2.0-1.7-1.9
Total Yield-51.5%6.7%-61.6%-41.7%-57.3%-72.2%-54.4%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-17.2%-130.3%-148.6%-42.8%-68.8%-68.8%
D/E0.00.00.10.00.00.20.0
Net D/E0.0-0.2-0.9-0.5-0.9-0.4-0.5

Returns

OSTXPBYIALXOSTROCRBPPYXSMedian
NameOS Thera.Puma Bio.ALX Onco.Sutro Bi.Corbus P.Pyxis On. 
1M Rtn-5.9%3.6%-32.0%-27.7%-28.6%-23.2%-25.5%
3M Rtn15.7%16.8%-36.4%22.8%-18.2%8.0%11.9%
6M Rtn9.3%26.5%-3.5%187.2%-9.0%-56.2%2.9%
12M Rtn-6.8%107.8%159.6%219.9%-9.8%44.6%76.2%
3Y Rtn-29.5%103.7%-85.4%-44.8%5.9%-39.9%-34.7%
1M Excs Rtn-7.2%2.2%-33.4%-29.1%-29.9%-24.6%-26.9%
3M Excs Rtn3.8%4.9%-48.2%11.0%-30.0%-3.8%0.0%
6M Excs Rtn-12.2%12.3%-16.1%176.6%-28.8%-69.3%-14.2%
12M Excs Rtn-28.4%88.4%143.6%226.9%-36.4%20.2%54.3%
3Y Excs Rtn-104.2%37.4%-157.5%-121.9%-84.5%-116.4%-110.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202320222021
Single Segment000
Total000


Operating Income by Segment
$ Mil20252024
Single Segment-29-7
Total-29-7


Net Income by Segment
$ Mil20252024
Single Segment-29-9
Total-29-9


Assets by Segment
$ Mil202320222021
Single Segment110
Total110


Price Behavior

Price Behavior
Market Price$1.77 
Market Cap ($ Bil)0.1 
First Trading Date08/01/2024 
Distance from 52W High-29.2% 
   50 Days200 Days
DMA Price$1.66$1.69
DMA Trenddownup
Distance from DMA6.5%5.0%
 3M1YR
Volatility79.8%69.2%
Downside Capture193.12213.19
Upside Capture167.91147.42
Correlation (SPY)30.3%29.3%
OSTX Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.961.851.511.671.69-0.12
Up Beta0.901.471.592.251.341.24
Down Beta-0.09-0.29-1.29-0.360.790.34
Up Capture278%303%318%264%332%41%
Bmk +ve Days13283667141432
Stock +ve Days11203056119213
Down Capture-89%190%171%183%168%100%
Bmk -ve Days7132757109318
Stock -ve Days6142655109215

[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 OSTX
OSTX7.4%68.7%0.38-
Sector ETF (XLV)14.4%15.0%0.6917.3%
Equity (SPY)27.2%12.4%1.6628.5%
Gold (GLD)25.8%27.4%0.8213.7%
Commodities (DBC)23.3%18.9%0.98-2.3%
Real Estate (VNQ)13.6%13.5%0.6911.2%
Bitcoin (BTCUSD)-37.7%42.4%-1.0019.9%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSTX
OSTX-4.9%120.0%0.42-
Sector ETF (XLV)6.1%14.7%0.239.8%
Equity (SPY)13.8%17.1%0.6313.7%
Gold (GLD)17.6%18.2%0.787.9%
Commodities (DBC)7.8%19.4%0.301.2%
Real Estate (VNQ)2.5%18.8%0.0410.1%
Bitcoin (BTCUSD)12.1%54.2%0.427.9%

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 OSTX
OSTX-2.5%120.0%0.42-
Sector ETF (XLV)9.7%16.6%0.479.8%
Equity (SPY)15.4%18.0%0.7313.7%
Gold (GLD)12.8%16.1%0.667.9%
Commodities (DBC)6.2%18.0%0.271.2%
Real Estate (VNQ)5.6%20.7%0.2310.1%
Bitcoin (BTCUSD)60.7%66.8%1.007.9%

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

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.7 Mil
Short Interest: % Change Since 515202626.0%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest2.0 days
Basic Shares Quantity38.7 Mil
Short % of Basic Shares4.3%

Earnings Returns History

Updated 6/2/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/19/2025-1.4%0.5%0.9%
5/16/2025-3.0%2.4%9.1%
3/31/2025-13.6%-7.1%31.8%
11/15/2024-6.4%-11.3%114.1%
8/15/2024-1.7%13.6%0.0%
SUMMARY STATS   
# Positive035
# Negative520
Median Positive 2.4%9.1%
Median Negative-3.0%-9.2% 
Max Positive 13.6%114.1%
Max Negative-13.6%-11.3% 
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/19/2025-1.4%0.5%0.9%
5/16/2025-3.0%2.4%9.1%
3/31/2025-13.6%-7.1%31.8%
11/15/2024-6.4%-11.3%114.1%
8/15/2024-1.7%13.6%0.0%
SUMMARY STATS   
# Positive035
# Negative520
Median Positive 2.4%9.1%
Median Negative-3.0%-9.2% 
Max Positive 13.6%114.1%
Max Negative-13.6%-11.3% 

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/18/202610-Q
12/31/202503/31/202610-K
09/30/202511/14/202510-Q
06/30/202508/18/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/15/202410-Q
06/30/202408/14/202410-Q
03/31/202408/01/2024424B4
03/31/202305/22/2023S-1/A
12/31/202203/31/2023S-1
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Report DateFiling DateFiling
03/31/202605/18/202610-Q
12/31/202503/31/202610-K
09/30/202511/14/202510-Q
06/30/202508/18/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/15/202410-Q
06/30/202408/14/202410-Q
03/31/202408/01/2024424B4
03/31/202305/22/2023S-1/A
12/31/202203/31/2023S-1

Insider Activity

Updated 4/26/2026
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Auerbach, ShalomSee FootnoteSell50920252.0082,000163,9185,325,734Form
2Auerbach, ShalomSee FootnoteSell41120251.3910,00013,9003,817,217Form
3Auerbach, ShalomSee FootnoteSell41120251.3550,01267,6663,729,137Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Auerbach, ShalomSee FootnoteSell50920252.0082,000163,9185,325,734Form
2Auerbach, ShalomSee FootnoteSell41120251.3910,00013,9003,817,217Form
3Auerbach, ShalomSee FootnoteSell41120251.3550,01267,6663,729,137Form
Core Cache Last Updated: 6/16/2026