Palisade Bio (PALI)


Market Price (11/3/2026): $1.215 | Market Cap: $211.7 MilSector: Health Care | Industry: Biotechnology

Palisade Bio (PALI)


Market Price (11/3/2026): $1.215
Market Cap: $211.7 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 -53%

Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Gastrointestinal Biopharmaceutical Development.

Weak multi-year price returns
2Y Excs Rtn is -97%, 3Y Excs Rtn is -169%

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 15%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7070%

Expensive valuation multiples
P/SPrice/Sales ratio is 473x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 2580%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3638%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3638%

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 -18%

Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.02

Key risks
PALI key risks include [1] substantial doubt about its ability to continue as a going concern due to its precarious financial position, 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 -53%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Gastrointestinal Biopharmaceutical Development.
2 Weak multi-year price returns
2Y Excs Rtn is -97%, 3Y Excs Rtn is -169%
3 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 15%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7070%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 473x
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 2580%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3638%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3638%
8 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 -18%
9 Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.02
10 Key risks
PALI key risks include [1] substantial doubt about its ability to continue as a going concern due to its precarious financial position, Show more.

PALI in ETFs

Weight = PALI's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
IWN0.01%
VTWO0.01%
IWO0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 11/1/2026

Palisade Bio (PALI) stock has lost about 40% since 7/31/2026 because of the following key factors:

1. Continued Financial Losses and Future Projections.

Palisade Bio reported a net loss of -$0.05 per share for fiscal Q2 2026 (ended June 30, 2026), meeting analysts' consensus estimates for the quarter. However, analysts anticipate a further loss of -$0.06 per share for fiscal Q3 2026, with full-year loss projections of -$0.22 per share for the current year and -$0.28 per share for the next fiscal year. This pattern of sustained unprofitability, typical for a clinical-stage biotechnology company, contributes to investor caution despite meeting near-term earnings estimates.

2. Extended Timeline to Key Clinical Readouts.

Despite the positive milestone of dosing the first patient in the global Phase 2b ASCENTRA-UC study for PALI-2108 in late October 2026, topline results from the 12-week induction phase of this ulcerative colitis trial are not expected until fiscal Q4 2027. This extended waiting period for significant clinical data can lead to a lack of immediate catalysts and may have contributed to a decrease in investor interest and stock value during the specified period.

Show more
Updated on 11/1/2026

Palisade Bio (PALI) stock has lost about 40% since 7/31/2026 because of the following key factors:

1. Continued Financial Losses and Future Projections.

Palisade Bio reported a net loss of -$0.05 per share for fiscal Q2 2026 (ended June 30, 2026), meeting analysts' consensus estimates for the quarter. However, analysts anticipate a further loss of -$0.06 per share for fiscal Q3 2026, with full-year loss projections of -$0.22 per share for the current year and -$0.28 per share for the next fiscal year. This pattern of sustained unprofitability, typical for a clinical-stage biotechnology company, contributes to investor caution despite meeting near-term earnings estimates.

2. Extended Timeline to Key Clinical Readouts.

Despite the positive milestone of dosing the first patient in the global Phase 2b ASCENTRA-UC study for PALI-2108 in late October 2026, topline results from the 12-week induction phase of this ulcerative colitis trial are not expected until fiscal Q4 2027. This extended waiting period for significant clinical data can lead to a lack of immediate catalysts and may have contributed to a decrease in investor interest and stock value during the specified period.

3. Early-Stage Clinical Data with Inherent Uncertainty.

While Palisade Bio presented encouraging early clinical and translational findings for PALI-2108 in inflammatory bowel disease at scientific conferences (ACG 2026 and UEG Week 2026) in October 2026, these results were derived from small, open-label Phase 1b studies, each involving only five patients. Although supportive of advancing PALI-2108 into Phase 2, the inherent risks and uncertainties associated with early-stage biotechnology trials mean these results do not yet definitively establish treatment efficacy, a factor noted by reports stating the findings "do not establish that the treatment is effective."

4. Mixed Analyst Sentiment.

Analyst coverage for Palisade Bio presented mixed signals during the period. While some firms, such as Raymond James and HC Wainwright, initiated or reiterated "outperform" or "buy" ratings with price targets up to $7.00 in October 2026, other analysts expressed caution. Notably, Weiss Ratings reaffirmed a "sell (e+)" rating, and Wall Street Zen downgraded the stock from "hold" to "sell" in October 2026, indicating a divided opinion on the company's prospects and potentially contributing to market uncertainty and downward pressure on the stock.

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Stock Movement Drivers

Fundamental Drivers

The -40.9% change in PALI stock from 7/31/2026 to 11/2/2026 was primarily driven by a null change in the company's P/S Multiple.
(LTM values as of)731202611022026Change
Stock Price ($)1.901.12-40.9%
Change Contribution By: 
Total Revenues ($ Mil)009.2233720368547763E17%
P/S Multiple∞473.5 
Shares Outstanding (Mil)210211-0.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/2/2026
ReturnCorrelation
PALI-40.9% 
Market (SPY)0.7%39.3%
Sector (XLV)13.6%24.7%

Fundamental Drivers

The -44.0% change in PALI stock from 4/30/2026 to 11/2/2026 was primarily driven by a null change in the company's P/S Multiple.
(LTM values as of)430202611022026Change
Stock Price ($)2.001.12-44.0%
Change Contribution By: 
Total Revenues ($ Mil)009.2233720368547763E17%
P/S Multiple∞473.5 
Shares Outstanding (Mil)160211-24.5%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/2/2026
ReturnCorrelation
PALI-44.0% 
Market (SPY)4.9%23.1%
Sector (XLV)27.0%17.5%

Fundamental Drivers

The -45.9% change in PALI stock from 10/31/2025 to 11/2/2026 was primarily driven by a null change in the company's P/S Multiple.
(LTM values as of)1031202511022026Change
Stock Price ($)2.071.12-45.9%
Change Contribution By: 
Total Revenues ($ Mil)009.2233720368547763E17%
P/S Multiple∞473.5 
Shares Outstanding (Mil)5211-97.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/2/2026
ReturnCorrelation
PALI-45.9% 
Market (SPY)11.2%17.4%
Sector (XLV)29.6%9.7%

Fundamental Drivers

The -86.5% change in PALI stock from 10/31/2023 to 11/2/2026 was primarily driven by a -99.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202311022026Change
Stock Price ($)8.321.12-86.5%
Change Contribution By: 
Total Revenues ($ Mil)00100.0%
P/S Multiple14.2473.53223.3%
Shares Outstanding (Mil)0211-99.8%
Cumulative Contribution-86.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/2/2026
ReturnCorrelation
PALI-86.5% 
Market (SPY)86.0%10.9%
Sector (XLV)55.2%9.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PALI Return-75%-92%-89%-81%42%-52%-100%
Peers Return36%15%5%8%30%34%207%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
PALI Win Rate33%17%33%25%50%36% 
Peers Win Rate60%60%47%50%60%62% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
PALI Max Drawdown-89%-98%-90%-90%-76%-60% 
Peers Max Drawdown-16%-18%-24%-20%-21%-16% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ABBV, LLY, JNJ, PFE, AMGN.
[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 11/2/2026 (YTD)

How Low Can It Go

EventPALIS&P 500
2025 US Tariff Shock
  % Loss-34.4%-18.8%
  % Gain to Breakeven52.5%23.1%
  Time to Breakeven40 days79 days
2023 SVB Regional Banking Crisis
  % Loss-42.4%-6.7%
  % Gain to Breakeven73.5%7.1%
  Time to Breakeven56 days31 days
2020 COVID-19 Crash
  % Loss-35.4%-33.7%
  % Gain to Breakeven54.9%50.9%
  Time to Breakeven60 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-30.5%-3.7%
  % Gain to Breakeven43.9%3.9%
  Time to Breakeven68 days6 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.7%-17.9%
  % Gain to Breakeven27.8%21.8%
  Time to Breakeven37 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-17.3%-15.4%
  % Gain to Breakeven20.9%18.2%
  Time to Breakeven1155 days125 days

Compare to ABBV, LLY, JNJ, PFE, AMGN

In The Past

Palisade Bio's stock fell -34.4% during the 2025 US Tariff Shock. Such a loss loss requires a 52.5% 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.

EventPALIS&P 500
2025 US Tariff Shock
  % Loss-34.4%-18.8%
  % Gain to Breakeven52.5%23.1%
  Time to Breakeven40 days79 days
2023 SVB Regional Banking Crisis
  % Loss-42.4%-6.7%
  % Gain to Breakeven73.5%7.1%
  Time to Breakeven56 days31 days
2020 COVID-19 Crash
  % Loss-35.4%-33.7%
  % Gain to Breakeven54.9%50.9%
  Time to Breakeven60 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-30.5%-3.7%
  % Gain to Breakeven43.9%3.9%
  Time to Breakeven68 days6 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.7%-17.9%
  % Gain to Breakeven27.8%21.8%
  Time to Breakeven37 days123 days
2008-2009 Global Financial Crisis
  % Loss-74.9%-53.4%
  % Gain to Breakeven298.8%114.4%
  Time to Breakeven431 days1085 days

Compare to ABBV, LLY, JNJ, PFE, AMGN

In The Past

Palisade Bio's stock fell -34.4% during the 2025 US Tariff Shock. Such a loss loss requires a 52.5% 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 Palisade Bio (PALI)

Palisade Bio, Inc. (PALI) is a clinical-stage biopharmaceutical company focused on developing and commercializing oral therapies. The company's core mission is to address serious diseases stemming from the breakdown of the mucosal barrier, which plays a crucial protective role within the gastrointestinal (GI) tract.

The company's lead therapeutic candidate is LB1148, an oral liquid formulation of tranexamic acid. LB1148 is designed to inhibit digestive enzyme activity and thereby preserve gut integrity. It is intended for use during periods of significant intestinal stress, which can be caused by conditions such as reduced blood flow to the intestine, infections, or surgical procedures.

Through LB1148, Palisade Bio aims to serve patients experiencing compromised gut barriers due to these various stressors. The company's goal is to offer a novel approach to protect the gut and improve outcomes for individuals facing critical GI health challenges.

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  • AbbVie for serious gut barrier diseases.
  • Takeda for protecting the gut from intestinal stress.
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  • LB1148: An oral liquid formulation of tranexamic acid designed to inhibit digestive enzyme activity and preserve gut integrity during intestinal stress.

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Palisade Bio, Inc. (PALI) is a clinical-stage biopharmaceutical company. As such, its primary focus is on the discovery, development, and clinical testing of its therapeutic candidates, such as LB1148. The company does not currently have approved products on the market generating commercial sales, and therefore, it does not have major commercial customers (neither other companies nor individuals) in the traditional sense.

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JD Finley, Chief Executive Officer, Chief Financial Officer and Director

Mr. Finley is an experienced financial executive who has played instrumental roles in raising nearly $1 billion in capital for companies. Prior to joining Palisade Bio (formerly Leading BioSciences) as the company's CFO, he served as Chief Executive Officer, President, and CFO for PointAcross, Inc., a software company providing business messaging and communications services. He also co-founded Proteus Capital Partners, Inc., a firm specializing in providing financing for a variety of businesses, and was a Principal and CFO at Phillips Capital, a broker/dealer firm specializing in private debt and equity capital raises. During his career, he was also the executive vice president and CFO of MetroGolf, Inc., where he successfully completed the company's initial public offering and helped grow the start-up. He led multiple financings and was key in the execution of the company's 2021 merger with Seneca Biopharma, Inc., which resulted in Palisade Bio's public listing on Nasdaq. He was appointed interim CEO in October 2022 and officially named CEO in June 2023.

Mitch Jones, MD, Ph.D., President & Chief Medical Officer

Dr. Jones is an accomplished physician and executive with extensive experience in the development of innovative therapeutics for inflammatory and fibrotic diseases. As Chief Medical Officer, he oversees all clinical development programs, regulatory strategies, and medical affairs. He has a distinguished track record of advancing innovative therapies from translational research through clinical development and achieving regulatory approvals. Dr. Jones previously held key leadership roles at Finch Therapeutics, where he was Vice President of Clinical Discovery and Development and contributed to the company's IPO, and at Biora Therapeutics (formerly Progenity), where he served as Vice President of Innovation and Clinical Translational Development.

Ryker Willie, SVP, Finance and Corporate Controller

Mr. Willie serves as the Senior Vice President of Finance and Corporate Controller for Palisade Bio.

Sharon Skare, PhD(c), VP, Global Head of Clinical Operations

Ms. Skare has served seven years as a department head within Clinical Operations and has been instrumental in multiple global inspection-readiness initiatives and post-approval filings for therapies in ulcerative colitis and diabetes. She most recently served as Vice President and Global Head of Clinical Operations at Abivax, where she oversaw global Phase 3 and Phase 2 programs in ulcerative colitis and Crohn's disease.

James Izanec, MD, AGAF, VP, Head of Clinical Development

Dr. Izanec is a physician-scientist with over two decades of clinical and drug development leadership experience spanning immunology, neuroscience, and gastroenterology. Prior to joining Palisade Bio, Dr. Izanec served as Senior Medical Director and Clinical Development Lead at Bristol Myers Squibb, where he led global Phase 2/3 development programs across autoimmune and neurological diseases. His responsibilities at Bristol Myers Squibb included oversight of a 1,200-patient Phase 3 Crohn's program and leadership of pediatric development programs in Crohn's disease, ulcerative colitis, and multiple sclerosis.

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The key risks for Palisade Bio (PALI), a clinical-stage biopharmaceutical company, are primarily centered around the inherent challenges of drug development, reliance on its lead product candidate, and its financial position.

  1. Clinical Development and Regulatory Approval Risk: As a clinical-stage company, Palisade Bio's success hinges on the successful clinical development, regulatory approval, and eventual commercialization of its therapeutic compounds, particularly its lead asset, PALI-2108. The company currently has no approved products for sale, and there is no guarantee it will obtain regulatory approval for any of its product candidates. The substantial risks in drug development mean that Palisade Bio may never successfully develop any product candidate. This risk is underscored by the prior failure of LB1148, an earlier lead candidate, to meet its primary endpoint in a Phase 2 trial for intra-abdominal adhesions, leading to the discontinuation of its development for that indication.
  2. Product Concentration Risk: Palisade Bio is heavily dependent on the success of its current lead product candidate, PALI-2108. The company's business relies significantly on the successful clinical development, regulatory approval, and commercialization of this single therapeutic compound. Should PALI-2108 fail in clinical trials or face challenges in securing regulatory approval, it would have a severe adverse impact on the company's future prospects, given its early stage of clinical development.
  3. Financial Vulnerability and Need for Additional Financing: Palisade Bio has a very limited operating history and has not generated any revenue from product sales. The company incurs significant research and development costs, leading to ongoing net losses and negative cash flow from operations. While Palisade Bio completed a public offering in October 2025, raising approximately $138 million, which extended its financial runway, the company consistently relies on equity to fund its operations and clinical milestones. This continuous need to raise significant additional funds to support its operations and the ongoing development of PALI-2108 presents financial vulnerabilities and the risk of future share dilution for existing shareholders.

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Palisade Bio's lead therapeutic candidate, LB1148, targets serious diseases associated with the breakdown of the mucosal barrier protecting the gastrointestinal tract. It is an oral liquid formulation of the digestive enzyme inhibitor tranexamic acid, intended to inhibit digestive enzyme activity and preserve gut integrity during intestinal stress caused by reduced blood flow to the intestine, infections, and surgery. LB1148 is being developed to accelerate the return of postoperative bowel function and prevent post-surgical abdominal adhesions. The addressable markets for LB1148, globally, can be identified within several key therapeutic areas:

  • Global Ischemia Reperfusion Injury (IRI) Therapeutics Market: This market, which includes treatments for intestine injury, was valued at approximately USD 2.05 billion in 2025. It is projected to grow to around USD 2.94 billion by 2032, with a Compound Annual Growth Rate (CAGR) of 5.3%. Another estimate places the global IRI therapeutics market at USD 2.31 billion in 2025, anticipating growth to USD 3.47 billion by 2032, at a CAGR of 6%.

  • Global Enzyme Inhibitor Market: LB1148 is a broad-spectrum serine protease inhibitor. The global enzyme inhibitor market size was valued at USD 27.02 billion in 2024 and is projected to increase to approximately USD 45.72 billion by 2034, exhibiting a CAGR of 5.40% during this period. The protease inhibitors segment within this market is expanding at a significant CAGR.

  • Global Gastrointestinal (GI) Therapeutics Market: This broader market encompasses treatments for various GI conditions. Estimates for the global gastrointestinal therapeutics market vary, with one report valuing it at USD 41.94 billion in 2025, growing to an estimated USD 53.96 billion by 2031, at a CAGR of 4.29%. Another projection indicates a market size of USD 80.60 billion in 2025, expected to reach USD 140.98 billion by 2034, with a CAGR of 5.09%. North America is noted as a significant region within this market.

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For Palisade Bio (PALI), a clinical-stage biopharmaceutical company, expected drivers of future revenue growth over the next 2-3 years are primarily tied to the advancement and potential commercialization of its pipeline assets, particularly its lead candidate, and strategic collaborations.

  1. Successful Clinical Development and Regulatory Approval of PALI-2108: The primary driver for future revenue growth is the successful progression of PALI-2108, an oral phosphodiesterase 4 (PDE4) inhibitor prodrug, through clinical trials for inflammatory bowel diseases (IBD) such as ulcerative colitis and fibrostenotic Crohn's disease. Positive outcomes from these trials, including the recently reported positive results from the Phase 1b trial for ulcerative colitis, and subsequent regulatory approvals, would be critical.
  2. Commercialization and Market Penetration of PALI-2108: Following regulatory approval, the successful launch and market penetration of PALI-2108 in the substantial inflammatory bowel disease market would directly generate product sales. While analysts forecast negligible revenue in the immediate future, significant growth is anticipated upon commercialization.
  3. Strategic Partnerships and Licensing Agreements: Palisade Bio actively seeks and engages in strategic partnerships and licensing agreements. Collaborations, such as existing agreements with Giiant Pharma, Inc. and Newsoara Biopharma Co., Ltd., for the development, manufacturing, and commercialization of its compounds, can provide upfront payments, milestone payments, and future royalties, contributing to revenue growth.
  4. Advancement and Diversification of the Pipeline: The company's strategy includes leveraging its expertise to develop a growing pipeline of product candidates for autoimmune, inflammatory, and fibrotic diseases. Successful progression of these additional therapeutic candidates from preclinical development into clinical stages, and potential future commercialization or out-licensing, would establish new revenue streams beyond PALI-2108.

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Share Issuance

  • Palisade Bio closed an underwritten public offering in October 2025, raising approximately $138 million in gross proceeds, including the full exercise of the underwriter's over-allotment option. This offering involved 197,154,844 shares of common stock (or common stock equivalents) priced at $0.70 per share.
  • In December 2025, stockholders approved an increase in the number of authorized shares of common stock from 280,000,000 to 300,000,000. This also included the approval for the issuance of up to 8,637,810 shares underlying warrants issued in July 2025.
  • A reverse stock split was effected on April 8, 2024, at a ratio of 1:15.

Inbound Investments

  • In January 2026, Palisade Bio received a strategic equity investment of up to $500,000 from the Crohn's & Colitis Foundation through its IBD Ventures program to support the clinical development of PALI-2108.
  • The $138 million public offering in October 2025 was led by B Group Capital and Columbia Threadneedle Investments, with significant participation from other investment firms including Adage Capital Partners LP, Perceptive Advisors, and RA Capital Management.
  • As of December 31, 2025, investment entities affiliated with Point72 Asset Management, L.P. reported a 7.0% beneficial ownership of Palisade Bio common stock, and RA Capital Management reported a 9.99% beneficial ownership.

Capital Expenditures

  • Capital expenditures for Palisade Bio have been reported as not applicable ("n/a") in recent financial summaries.

Peer Outperformance in Biotechnology

PALI has trailed 94% 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 PALI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
39%
of 451 industry peers · -45.9% return
3Y
22%
of 398 industry peers · -87.0% return
5Y
6%
of 363 industry peers · -99.9% return
No Biotechnology peer with a comparable growth profile has beaten PALI by more than 20pp over 5Y.
Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is PALI'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 12.2%58.2%97.6% CAH 476% · MCK 367% · COR 185%
Health Care Services 20 31.1%37.7%14.8% HIMS 210% · RDNT 129% · DGX 92%
Managed Health Care 8 34.6%-3.7%-3.5% OSCR 84% · HQY 53% · ELV 6%
Health Care Facilities 25 12.6%15.4%-12.2% THC 286% · NHC 227% · EHC 195%
Health Care Equipment 50 6.4%12.3%-19.4% GKOS 430% · UFPT 355% · TMDX 141%
Pharmaceuticals 61 -13.3%6.7%-37.3% LQDA 968% · KNSA 499% · LLY 475%
Health Care Supplies 11 21.4%11.8%-38.8% LNTH 314% · HAE 68% · MMSI 30%
Life Sciences Tools & Services 107 -9.1%-10.2%-70.3% NTRA 232% · AXGN 227% · MEDP 186%
Biotechnology ← 364 -26.5%-33.1%-81.8% TRVI 1017% · DNTH 1008% · ELVN 1002%
Health Care Technology 21 -27.4%-55.9%-82.2% VEEV -3% · DOCS -55%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Palisade Bio Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PALIABBVLLYJNJPFEAMGNMedian
NamePalisade.AbbVie Eli LillyJohnson .Pfizer Amgen  
Mkt Price1.21287.981,417.82269.5030.34463.63278.74
Mkt Cap0.3509.41,264.6649.4172.9250.4379.9
Rev LTM064,38686,46299,33563,69538,09564,040
Op Inc LTM-3521,85044,31525,52517,01911,42619,434
FCF LTM-1818,21011,68919,59510,98510,17511,337
FCF 3Y Avg-1318,0765,28319,1009,4118,7549,082
CFO LTM-1819,50730,64526,15913,40112,47816,454
CFO 3Y Avg-1319,14317,58025,17012,19810,31214,889

Growth & Margins

PALIABBVLLYJNJPFEAMGNMedian
NamePalisade.AbbVie Eli LillyJohnson .Pfizer Amgen  
Rev Chg LTM-10.4%45.5%7.8%-0.2%9.1%9.1%
Rev Chg 3Y Avg-4.9%39.4%5.9%-5.2%12.8%5.9%
Rev Chg Q-10.2%38.6%5.9%2.6%9.5%9.5%
QoQ Delta Rev Chg LTM-2.5%8.5%1.4%0.6%2.4%2.4%
Op Inc Chg LTM-191.5%59.5%67.9%7.9%2.1%39.5%23.7%
Op Inc Chg 3Y Avg-59.6%11.2%68.3%4.4%233.9%12.3%11.7%
Op Mgn LTM-7,069.8%33.9%51.3%25.7%26.7%30.0%28.4%
Op Mgn 3Y Avg-27.5%43.7%25.4%18.7%24.5%25.4%
QoQ Delta Op Mgn LTM-0.8%1.5%-1.1%-0.5%1.6%0.8%
CFO/Rev LTM-3,638.0%30.3%35.4%26.3%21.0%32.8%28.3%
CFO/Rev 3Y Avg-32.4%25.7%27.1%19.7%29.3%27.1%
FCF/Rev LTM-3,638.0%28.3%13.5%19.7%17.2%26.7%18.5%
FCF/Rev 3Y Avg-30.6%6.3%20.6%15.1%24.9%20.6%

Valuation

PALIABBVLLYJNJPFEAMGNMedian
NamePalisade.AbbVie Eli LillyJohnson .Pfizer Amgen  
Mkt Cap0.3509.41,264.6649.4172.9250.4379.9
P/S511.57.914.66.52.76.67.2
P/Op Inc-7.223.328.525.410.221.922.6
P/EBIT-8.043.928.534.725.019.326.8
P/E-8.080.745.940.339.928.640.1
P/CFO-14.126.141.324.812.920.122.4
Total Yield-13.5%3.6%2.7%4.4%8.1%5.6%4.0%
Dividend Yield0.0%2.3%0.5%2.0%5.6%2.1%2.0%
FCF Yield 3Y Avg-173.0%4.5%0.6%4.0%6.7%4.9%4.3%
D/E0.00.10.00.10.40.20.1
Net D/E-0.50.10.00.00.30.20.1

Returns

PALIABBVLLYJNJPFEAMGNMedian
NamePalisade.AbbVie Eli LillyJohnson .Pfizer Amgen  
1M Rtn-16.0%10.2%24.1%5.3%9.1%15.0%9.7%
3M Rtn-37.6%18.2%26.6%6.5%21.2%23.1%19.7%
6M Rtn-43.2%40.2%46.9%21.5%19.3%45.1%30.8%
12M Rtn-41.5%36.0%65.4%45.9%31.7%59.7%41.0%
3Y Rtn-86.0%125.0%154.9%93.9%17.7%88.0%90.9%
1M Excs Rtn-13.4%12.6%26.4%7.6%11.4%17.4%12.0%
3M Excs Rtn-38.8%21.4%29.8%8.7%21.9%22.1%21.6%
6M Excs Rtn-48.3%35.5%42.2%16.8%14.6%40.4%26.1%
12M Excs Rtn-49.0%19.5%58.4%35.3%23.2%52.7%29.2%
3Y Excs Rtn-175.0%37.1%72.1%15.0%-63.3%6.1%10.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil202420232022
Research and development of novel therapeutics for patients, including the advancement of PALI-2108000
Total000


Assets by Segment
$ Mil20252024202320222021
Research and development of novel therapeutics for patients, including the advancement of PALI-210813411141613
Total13411141613


Price Behavior

Price Behavior
Market Price$1.12 
Market Cap ($ Bil)0.2 
First Trading Date02/23/2007 
Distance from 52W High-60.0% 
   50 Days200 Days
DMA Price$1.63$1.85
DMA Trenddowndown
Distance from DMA-31.5%-39.4%
 3M1YR
Volatility72.9%89.9%
Downside Capture453.40213.52
Upside Capture120.74122.42
Correlation (S&P 500)33.1%17.6%
PALI Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.722.102.671.421.220.87
Up Beta-11.171.452.202.581.280.65
Down Beta1.16-0.160.660.43-0.090.10
Up Capture137%119%224%63%133%68%
Bmk +ve Days12182862130427
Stock +ve Days9182953111334
Down Capture314%396%374%186%152%112%
Bmk -ve Days10253664121325
Stock -ve Days12233367128394

[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 PALI
PALI-42.4%89.9%-0.21-
Sector ETF (XLV)29.7%16.4%1.399.6%
Equity (SPY)11.6%12.8%0.5717.5%
Gold (GLD)-2.3%28.6%-0.097.2%
Commodities (DBC)43.1%20.9%1.60-1.2%
Real Estate (VNQ)11.0%13.7%0.503.5%
Bitcoin (BTCUSD)-28.8%43.6%-0.6612.3%

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 PALI
PALI-77.9%145.6%-0.41-
Sector ETF (XLV)8.6%15.3%0.378.4%
Equity (SPY)12.0%17.1%0.5214.2%
Gold (GLD)16.5%19.0%0.693.9%
Commodities (DBC)8.4%19.6%0.312.6%
Real Estate (VNQ)1.1%18.9%-0.0510.3%
Bitcoin (BTCUSD)4.1%51.6%0.2610.2%

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 PALI
PALI-71.7%140.1%-0.31-
Sector ETF (XLV)12.1%16.8%0.599.2%
Equity (SPY)15.2%17.9%0.7211.7%
Gold (GLD)11.6%16.5%0.571.7%
Commodities (DBC)7.8%18.1%0.343.6%
Real Estate (VNQ)5.4%20.7%0.227.0%
Bitcoin (BTCUSD)61.7%66.3%1.017.6%

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

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity31.7 Mil
Short Interest: % Change Since 93020262.4%
Average Daily Volume2.0 Mil
Days-to-Cover Short Interest16.0 days
Basic Shares Quantity211.4 Mil
Short % of Basic Shares15.0%

Earnings Returns History

Updated 9/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/20261.9%2.4%-2.4%
5/12/2026-2.6%-5.7%-7.3%
3/27/20241.0%-3.0%2.0%
3/23/2021-6.6%-17.2%-20.7%
11/16/2020-1.2%8.7%33.2%
SUMMARY STATS   
# Positive222
# Negative333
Median Positive1.4%5.5%17.6%
Median Negative-2.6%-5.7%-7.3%
Max Positive1.9%8.7%33.2%
Max Negative-6.6%-17.2%-20.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/20261.9%2.4%-2.4%
5/12/2026-2.6%-5.7%-7.3%
3/27/20241.0%-3.0%2.0%
3/23/2021-6.6%-17.2%-20.7%
11/16/2020-1.2%8.7%33.2%
SUMMARY STATS   
# Positive222
# Negative333
Median Positive1.4%5.5%17.6%
Median Negative-2.6%-5.7%-7.3%
Max Positive1.9%8.7%33.2%
Max Negative-6.6%-17.2%-20.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/12/202610-Q
12/31/202503/20/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/24/202510-K
09/30/202411/12/202410-Q
06/30/202408/12/202410-Q
03/31/202405/13/202410-Q
12/31/202303/26/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/22/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/12/202610-Q
12/31/202503/20/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/24/202510-K
09/30/202411/12/202410-Q
06/30/202408/12/202410-Q
03/31/202405/13/202410-Q
12/31/202303/26/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/22/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/13/202210-Q
12/31/202103/17/202210-K
09/30/202111/12/202110-Q
06/30/202108/23/202110-Q

Recent Forward Guidance

Updated 11/2/2026

Latest: Q2 2026 Earnings Reported 8/10/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Phase 2 ASCENTRA-CD trial commencementReported     AffirmedGuidance: 0 for Q1 2027
2026 Phase 2 ASCENTRA-UC trial commencementReported     AffirmedGuidance: 0 for Q3 2026
2026 Phase 2 ASCENTRA-CD IND submissionReported     AffirmedGuidance: 0 for 2026
2027 Phase 2 ASCENTRA-UC primary efficacy readoutReported     AffirmedGuidance: 0 for 2027
2028 Phase 2 ASCENTRA-CD primary efficacy readoutReported     AffirmedGuidance: 0 for 2028

null

Insider Activity

Updated 10/21/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Williams, Donald AllenDirectBuy100520261.4610,00014,6002,321,829Form
2Williams, Donald AllenDirectBuy100520261.4210,00014,2002,244,017Form
3Baltera, Robert JRDirectBuy70820262.0330,00061,044848,316Form
4Jones, Mitchell LawrenceChief Medical OfficerDirectSell70820262.0551,880106,536193,047Form
5Finley, John DavidCEO, CFODirectSell70820262.07146,798303,343449,556Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Williams, Donald AllenDirectBuy100520261.4610,00014,6002,321,829Form
2Williams, Donald AllenDirectBuy100520261.4210,00014,2002,244,017Form
3Baltera, Robert JRDirectBuy70820262.0330,00061,044848,316Form
4Jones, Mitchell LawrenceChief Medical OfficerDirectSell70820262.0551,880106,536193,047Form
5Finley, John DavidCEO, CFODirectSell70820262.07146,798303,343449,556Form
6Baltera, Robert JRDirectBuy70820262.0520,00041,040793,927Form
7Baltera, Robert JRDirectBuy70620261.9810,00019,800726,470Form
8Baltera, Robert JRDirectBuy70620261.9820,00039,600706,670Form
9Jones, Mitchell LawrenceChief Medical OfficerDirectSell21320261.751,9893,48123,210Form
10Finley, John DavidCEO, CFODirectSell21320261.753,8966,81847,868Form
11Williams, Donald AllenDirectBuy12120261.675,0008,35617,929Form
12Williams, Donald AllenDirectBuy11320261.885,0009,40010,769Form

Investor Activity (13F)

Updated Nov 3, 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
Octagon Capital Advisors LP$18.0 Mil2.0%29ADD +7.4%13F
Great Point Partners LLC$6.0 Mil1.5%39New13F
Commodore Capital LP$12.6 Mil0.7%36TRIM -37.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Great Point Partners LLC$6.0 Mil1.5%39New13F
Octagon Capital Advisors LP$18.0 Mil2.0%29ADD +7.4%13F
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Vivo Capital, LLC$5.4 Mil0.3%47ExitedDec 31, 202513F
Commodore Capital LP$12.6 Mil0.7%36TRIM -37.3%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Octagon Capital Advisors LP$18.0 Mil2.0%29ADD +7.4%13F
Commodore Capital LP$12.6 Mil0.7%36TRIM -37.3%13F
Great Point Partners LLC$6.0 Mil1.5%39New13F
Core Cache Last Updated: 11/2/2026