Parabilis Medicines (PBLS)
Market Price (9/23/2026): $38.68 | Market Cap: $1.1 BilSector: Health Care | Industry: Biotechnology
Parabilis Medicines (PBLS)
Market Price (9/23/2026): $38.68Market Cap: $1.1 BilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -97% Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. | Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -54% Meaningful short interestShort 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 14.2, 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 19% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -175 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -118311% Expensive valuation multiplesP/SPrice/Sales ratio is 7,456x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 4468% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -79774%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -80501% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -20% Key risksPBLS key risks include [1] its novel and unproven "first-in-industry" Helicon therapeutic modality and [2] a heavy reliance on its single lead "pipeline-in-a-product" candidate, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -97% |
| Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -54% |
| Meaningful short interestShort 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 14.2, 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 19% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -175 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -118311% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 7,456x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 4468% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -79774%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -80501% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -20% |
| Key risksPBLS key risks include [1] its novel and unproven "first-in-industry" Helicon therapeutic modality and [2] a heavy reliance on its single lead "pipeline-in-a-product" candidate, Show more. |
Qualitative Assessment
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Parabilis Medicines (PBLS) stock has gained about 20% since it went public on 6/10/2026 because of the following key factors:
1. Oversubscribed Initial Public Offering and Robust Capital Infusion.
Parabilis Medicines successfully completed an upsized initial public offering (IPO) on June 10, 2026, pricing 33.5 million shares at $20.00 per share, which was above its initial target range of $17.00 to $19.00. This offering generated gross proceeds of $670 million, marking it as the largest biotech IPO of the year. Coupled with a concurrent private placement, the company raised approximately $745 million in total. This significant capital injection resulted in a strong cash position of $1.1 billion as of fiscal Q2 2026 (which ended June 30, 2026), providing an extended cash runway expected to fund operations into 2030, substantially reducing financial risk for investors.
2. Strategic Collaboration with Regeneron Pharmaceuticals.
Further validating its proprietary Helicon platform and pipeline, Parabilis Medicines entered into a strategic research collaboration with Regeneron Pharmaceuticals, Inc.. As part of this collaboration, Regeneron purchased approximately 4.17 million shares at $18.00 apiece in a concurrent private placement, contributing about $75 million in proceeds. The partnership also included an upfront payment and equity investment totaling $125 million, with the potential for an additional $2.2 billion in milestone payments plus tiered royalties for Parabilis, signaling strong external confidence in its novel drug discovery approach.
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Parabilis Medicines (PBLS) stock has gained about 20% since it went public on 6/10/2026 because of the following key factors:
1. Oversubscribed Initial Public Offering and Robust Capital Infusion.
Parabilis Medicines successfully completed an upsized initial public offering (IPO) on June 10, 2026, pricing 33.5 million shares at $20.00 per share, which was above its initial target range of $17.00 to $19.00. This offering generated gross proceeds of $670 million, marking it as the largest biotech IPO of the year. Coupled with a concurrent private placement, the company raised approximately $745 million in total. This significant capital injection resulted in a strong cash position of $1.1 billion as of fiscal Q2 2026 (which ended June 30, 2026), providing an extended cash runway expected to fund operations into 2030, substantially reducing financial risk for investors.
2. Strategic Collaboration with Regeneron Pharmaceuticals.
Further validating its proprietary Helicon platform and pipeline, Parabilis Medicines entered into a strategic research collaboration with Regeneron Pharmaceuticals, Inc.. As part of this collaboration, Regeneron purchased approximately 4.17 million shares at $18.00 apiece in a concurrent private placement, contributing about $75 million in proceeds. The partnership also included an upfront payment and equity investment totaling $125 million, with the potential for an additional $2.2 billion in milestone payments plus tiered royalties for Parabilis, signaling strong external confidence in its novel drug discovery approach.
3. Promising Early Clinical Data for Zolucatetide.
The company's lead drug candidate, zolucatetide, which targets the Wnt/β-catenin pathway for desmoid tumors, reported encouraging clinical trial results. In clinical trials, 100% of 25 evaluable patients demonstrated tumor reductions, and 74% (14 out of 19 patients with two post-baseline scans) achieved an objective response based on RECIST 1.1 criteria. This positive early efficacy data, along with management's stated confidence in a direct pathway to Phase 3 trials, supported investor optimism, particularly with plans to initiate a Phase 3 registrational trial in desmoid tumors in the first half of fiscal year 2027.
4. Substantial Insider Buying and Positive Analyst Outlook.
Following its public debut, Parabilis Medicines experienced significant insider buying activity, which often signals strong internal confidence. Notably, RA Capital Management, L.P., a 10% owner and director, made open-market purchases exceeding $423 million on June 11, 2026. Additionally, Guy Levy, another 10% owner, purchased $10 million worth of shares on the same date. This insider confidence was mirrored by analyst sentiment, with the stock receiving a consensus "Moderate Buy" or "Strong Buy" rating from multiple brokerage firms, accompanied by an average 12-month price target of approximately $41.75.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/22/2026| Return | Correlation | |
|---|---|---|
| PBLS | ||
| Market (SPY) | 2.5% | -11.4% |
| Sector (XLV) | 14.2% | 29.2% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/22/2026| Return | Correlation | |
|---|---|---|
| PBLS | ||
| Market (SPY) | 13.3% | -11.4% |
| Sector (XLV) | 7.0% | 29.2% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/22/2026| Return | Correlation | |
|---|---|---|
| PBLS | ||
| Market (SPY) | 21.2% | -11.4% |
| Sector (XLV) | 25.8% | 29.2% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/22/2026| Return | Correlation | |
|---|---|---|
| PBLS | ||
| Market (SPY) | 78.3% | -11.4% |
| Sector (XLV) | 34.1% | 29.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PBLS Return | - | - | - | - | - | 17% | 17% |
| Peers Return | -7% | 32% | 41% | -1% | 13% | 13% | 117% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| PBLS Win Rate | - | - | - | - | - | 50% | |
| Peers Win Rate | 42% | 67% | 58% | 50% | 83% | 38% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| PBLS Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -27% | -19% | -12% | -23% | -29% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, APMD, ATTO, BLSM, BRVE.
[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 9/22/2026 (YTD)
How Low Can It Go
PBLS has limited trading history. Below is the Health Care sector ETF (XLV) in its place.
| Event | XLV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.7% | -18.8% |
| % Gain to Breakeven | 13.3% | 23.1% |
| Time to Breakeven | 142 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -13.8% | -24.5% |
| % Gain to Breakeven | 15.9% | 32.4% |
| Time to Breakeven | 166 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.8% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -15.0% | -19.2% |
| % Gain to Breakeven | 17.6% | 23.8% |
| Time to Breakeven | 191 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.9% | -12.2% |
| % Gain to Breakeven | 18.9% | 13.9% |
| Time to Breakeven | 165 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -15.8% | -17.9% |
| % Gain to Breakeven | 18.8% | 21.8% |
| Time to Breakeven | 153 days | 123 days |
In The Past
State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.
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PBLS has limited trading history. Below is the Health Care sector ETF (XLV) in its place.
| Event | XLV | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.8% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -37.9% | -53.4% |
| % Gain to Breakeven | 61.1% | 114.4% |
| Time to Breakeven | 767 days | 1085 days |
In The Past
State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% 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 Parabilis Medicines (PBLS)
Parabilis Medicines (PBLS) is a clinical-stage biopharmaceutical company focused on developing transformative medicines for historically "undruggable" protein targets that drive human diseases, particularly cancers. The company utilizes its proprietary "Helicon" platform to engineer stabilized helical peptides. Helicons are a novel therapeutic modality designed to penetrate cells and precisely bind to flat intracellular protein surfaces, thereby addressing a significant limitation for conventional small molecule and antibody-based drugs which often cannot access these targets.
The company's lead product candidate is zolucatetide, a first-in-class therapy targeting the crucial b-catenin:TCF interaction, a central node in the Wnt/b-catenin cell signaling pathway that is hyperactivated in millions of cancer cases. Zolucatetide has shown promising clinical data in desmoid tumors, achieving tumor reductions in 100% of patients and a 74% objective response rate with a favorable tolerability profile. Parabilis plans to initiate a global registrational Phase 3 trial for zolucatetide in desmoid tumors in the first half of 2027. The company is also evaluating zolucatetide's potential across other indications, including Familial Adenomatous Polyposis (FAP), Hepatocellular Carcinoma (HCC), various rare Wnt/b-catenin-driven tumors, and Colorectal Cancer (CRC), positioning it as a pipeline-in-a-product.
Beyond zolucatetide, Parabilis is advancing a preclinical pipeline in prostate cancer, including an ERG degrader and an allosteric ARON degrader designed to overcome resistance mechanisms to existing therapies. The company also has discovery-stage programs, such as a b-catenin degrader, and is exploring additional therapeutic approaches through strategic collaborations, including a partnership with Regeneron focused on Antibody-Helicon Conjugates (AHCs). Parabilis aims to provide innovative solutions for patients with various cancers and other diseases where significant unmet needs persist due to previously inaccessible drug targets.
AI Analysis | Feedback
Parabilis Medicines is like Moderna for "undruggable" intracellular protein targets, pioneering a new class of helical peptide medicines (Helicons) that can access disease drivers beyond the reach of traditional drugs.
Parabilis Medicines is akin to Mirati Therapeutics but focused on cracking the historically intractable Wnt/β-catenin pathway with its novel 'Helicon' drug platform, similar to how Mirati targeted KRAS.
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Parabilis Medicines (PBLS) major products are investigational drug candidates and its proprietary drug discovery platform:
- Zolucatetide: A lead investigational Helicon therapy that inhibits the β-catenin:TCF interaction, currently in clinical trials for desmoid tumors, FAP, HCC, and CRC.
- ERG degrader: A preclinical Helicon program designed to degrade the ERG protein, an oncogenic driver in prostate cancer.
- ARON degrader: A preclinical Helicon program targeting the active state of the androgen receptor (ARON) for degradation in prostate cancer, aiming to overcome resistance to existing AR-targeted therapies.
- β-catenin Degrader: A discovery-stage Helicon program exploring novel β-catenin targeting agents, including degraders, beyond the mechanism of zolucatetide.
- Helicon Discovery Platform: A proprietary technology platform integrating AI and physics-based computational modeling with high-throughput peptide synthesis for discovering and developing Helicon therapeutics.
- Antibody-Helicon Conjugates (AHCs): A collaborative program with Regeneron exploring a novel therapeutic approach that combines antibody targeting capabilities with Helicon payloads to modulate intracellular proteins.
AI Analysis | Feedback
Parabilis Medicines (PBLS) is a clinical-stage biopharmaceutical company focused on the research and development of novel therapeutic medicines. As such, the company does not currently have any approved products available for commercial sale to individuals or other companies.
Therefore, Parabilis Medicines does not have major commercial customers at this time. Its operations are primarily focused on preclinical and clinical development, with its lead product candidate, zolucatetide, expected to initiate a global registrational Phase 3 trial in desmoid tumors in the first half of 2027.
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Mathai Mammen, M.D., Ph.D., Chairman, CEO and President
Mathai Mammen is a world-renowned innovator in drug discovery, development, and team and company building. He currently serves as Chairman, CEO, and President of Parabilis Medicines. Most recently, he was Global Head of R&D and a member of the Executive Committee at Johnson & Johnson, where he spearheaded a significant evolution of Janssen's R&D, one of the largest R&D organizations globally, securing global approvals for eight new medicines and overseeing over 40 acquisitions and licenses, and more than 350 strategic partnerships. Prior to Johnson & Johnson, he was Senior Vice President at Merck. He also co-founded Theravance, Inc. out of graduate school, leading R&D to five approved pharmaceutical products, and oversaw its separation into two companies: Theravance Biopharma, Inc. and Innoviva, Inc. In total, he has led the discovery/development of 18 approved medicines. Mathai serves on the boards of Sandoz, Xaira, Kelonia, and GBH, and is an advisor to General Atlantic and Foresite Capital.
Thomas Kotarakos, Chief Financial Officer
Thomas Kotarakos was promoted to Chief Financial Officer of Parabilis Medicines in April 2026, having joined the company in 2021 and serving in finance leadership positions of increasing responsibility. During his tenure at Parabilis, he has been instrumental in multiple private financings, including the company's $178 million Series D, $145 million Series E, and a recent $305 million Series F rounds. Before joining Parabilis, Mr. Kotarakos was Senior Vice President of Finance and Business Operations at Codiak BioSciences, where he oversaw finance, accounting, IT, and facilities, and supported public-company operations. He also held senior finance roles at Seres Therapeutics and contributed to preparing the company for a public offering.
Helen Ho, Ph.D., Chief Business and Strategy Officer
Helen Ho, Ph.D., joined Parabilis Medicines as Chief Business and Strategy Officer in April 2026. She brings over 20 years of extensive experience in biopharmaceutical strategy and corporate development. Most recently, Dr. Ho served as Chief Business Officer at Blueprint Medicines, where she played a key role in leading corporate development strategies and executing high-impact partnerships and transactions across various stages from research through commercialization. Her background includes a strong track record of helping biopharmaceutical companies grow from early innovation to late-stage development and commercialization.
Fawzi Benzaghou, M.D., Chief Medical Officer
Fawzi Benzaghou, M.D., joined Parabilis Medicines as Chief Medical Officer in 2025.
John McGee, Ph.D., Scientific Co-Founder and Executive Vice President, Head of Platform
John McGee, Ph.D., is a Scientific Co-Founder of Parabilis Medicines. In the early years of the company, he was responsible for leading the development of discovery technology platforms.
AI Analysis | Feedback
The key risks to Parabilis Medicines' business are:
- Clinical Development and Regulatory Approval Risk: As a clinical-stage biopharmaceutical company, Parabilis Medicines' success is heavily dependent on the successful outcome of its clinical trials and the subsequent regulatory approval of its product candidates. The company's lead product candidate, zolucatetide, is currently in ongoing Phase 1/2 clinical trials across multiple solid tumor indications, with a global registrational Phase 3 trial planned for desmoid tumors in the first half of 2027. The failure of zolucatetide or any other pipeline candidate in clinical trials, or the inability to obtain necessary regulatory approvals, would significantly jeopardize the company's future and commercial prospects.
- Novel Technology and Modality Risk: Parabilis Medicines' proprietary platform leverages Helicons, a novel therapeutic modality described as the "first-in-industry" approach designed to address historically undruggable protein targets. While this offers a significant opportunity, it also presents risks associated with a new and unproven technology. There is a lack of extensive long-term data on Helicons, and potential unforeseen challenges related to their development, manufacturing, safety, efficacy, or the establishment of clear regulatory pathways for this specific modality.
- Reliance on a Single Lead Product Candidate: Parabilis Medicines' pipeline is heavily centered around zolucatetide, which is positioned as the "pipeline-in-a-product" due to its potential across multiple tumor types. The company states that zolucatetide provides "clinical validation of our first-in-industry Helicon approach." While preclinical programs exist, a disproportionate amount of the company's near-term value and strategic focus is tied to the successful development and commercialization of zolucatetide. Any significant setback for zolucatetide could have a profound negative impact on the company's overall viability and valuation.
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Parabilis Medicines' main product candidate, zolucatetide, addresses several oncology indications with the following addressable market sizes:
- Desmoid Tumors: The estimated addressable market is approximately 11,000 patients in the United States. The market for desmoid tumor treatments was approximately $2.9 billion in 2024 and is forecast to reach $5.3 billion by 2033.
- Familial Adenomatous Polyposis (FAP): This orphan disease impacts an estimated 34,000 people in the United States.
- Hepatocellular Carcinoma (HCC): There are an estimated 38,000 new HCC cases annually in the United States and approximately 700,000–800,000 new cases worldwide.
- Additional Rare Wnt/ß-catenin-driven Tumors: Wnt/β-catenin pathway alterations are present in over 10% of all cancers, encompassing more than 70 tumor types with APC or β-catenin mutations, affecting an estimated 1.8 million patients in the United States.
- Colorectal Cancer (CRC): There are approximately two million new cases annually globally.
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Here are the expected drivers of future revenue growth for Parabilis Medicines (PBLS) over the next 2-3 years:
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Advancement of Zolucatetide in Desmoid Tumors: The planned initiation of a global registrational Phase 3 trial for zolucatetide in desmoid tumors in the first half of 2027 is a significant step towards potential market approval and subsequent revenue generation from this lead indication.
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Expansion of Zolucatetide into Additional Tumor Indications: Parabilis Medicines is pursuing a "pipeline-in-a-product" strategy for zolucatetide, with ongoing clinical development and planned cohorts for Familial Adenomatous Polyposis (FAP) starting in the second half of 2026, Hepatocellular Carcinoma (HCC), additional rare Wnt/ß-catenin-driven tumors, and Colorectal Cancer (CRC). This broadens the future market opportunity for zolucatetide beyond desmoid tumors.
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Progression of Preclinical Prostate Cancer Programs: The advancement of the ERG degrader and ARON degrader programs for prostate cancer into Investigational New Drug (IND)-enabling studies represents the growth of the company's future product pipeline and increases the potential for subsequent clinical development and commercialization of new Helicon-based therapies.
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Share Issuance
- Parabilis Medicines completed an initial public offering (IPO) on June 10, 2026, selling 33.5 million shares at $20.00 per share and raising gross proceeds of $670 million.
- The company granted underwriters a 30-day option to purchase an additional 5.025 million shares at the IPO price.
- Prior to its IPO, Parabilis Medicines (formerly FOG Pharmaceuticals, Inc.) raised significant private capital, including a $107 million Series C in 2021, a $178 million Series D in 2022, a $145 million Series E in 2024, and a $305 million Series F in January 2026.
Inbound Investments
- Regeneron Pharmaceuticals agreed to invest approximately $75 million by purchasing 4,166,666 shares of Parabilis Medicines' common stock in a concurrent private placement at $18.00 per share, which is 90% of the IPO price.
- Regeneron also provided a $50 million upfront payment as part of a strategic collaboration agreement.
Capital Expenditures
- Parabilis Medicines plans to allocate $150 million of the IPO proceeds to the clinical development of zolucatetide for desmoid tumors.
- An additional $120 million from the IPO proceeds is designated for the continued clinical development of zolucatetide in other indications, such as Familial Adenomatous Polyposis (FAP) and Hepatocellular Carcinoma (HCC).
- Approximately $190 million of the IPO proceeds are intended to advance the company's preclinical pipeline, including ERG, ARON, and β-catenin degraders.
Peer Outperformance in Biotechnology
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care Distributors | 6 | 19.0% | 46.5% | 91.6% | CAH 382% · MCK 351% · COR 171% |
| Managed Health Care | 8 | 37.7% | -6.6% | 0.6% | OSCR 79% · HQY 41% · ELV 14% |
| Health Care Services | 20 | 19.1% | 35.3% | -0.5% | HIMS 269% · RDNT 159% · DGX 69% |
| Health Care Facilities | 24 | 5.9% | 13.0% | -4.0% | NHC 269% · THC 261% · ENSG 135% |
| Health Care Equipment | 50 | -2.1% | -0.4% | -21.5% | POCI 11363% · UFPT 354% · GKOS 204% |
| Health Care Supplies | 12 | 19.5% | -6.4% | -38.8% | LNTH 270% · HAE 56% · MMSI 19% |
| Pharmaceuticals | 63 | -6.9% | 13.1% | -42.8% | LQDA 2369% · INDV 1106% · ETON 1024% |
| Life Sciences Tools & Services | 113 | 2.5% | -8.4% | -67.1% | SNWV 1794% · MEDP 223% · NTRA 216% |
| Biotechnology ← | 378 | 0.3% | -19.9% | -78.2% | CELZ 1243% · DNTH 1189% · TRVI 1055% |
| Health Care Technology | 21 | -24.3% | -49.3% | -78.8% | SPOK 71% · HSTM 2% · VEEV -13% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 25.38 |
| Mkt Cap | 65.9 |
| Rev LTM | 0 |
| Op Inc LTM | -52 |
| FCF LTM | -65 |
| FCF 3Y Avg | 1,957 |
| CFO LTM | -63 |
| CFO 3Y Avg | 2,398 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.2% |
| Rev Chg 3Y Avg | 9.8% |
| Rev Chg Q | 12.5% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 2,497.9% |
| Op Inc Chg 3Y Avg | 792.2% |
| Op Mgn LTM | -8,265.8% |
| Op Mgn 3Y Avg | 23.9% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | -6,883.4% |
| CFO/Rev 3Y Avg | 19.6% |
| FCF/Rev LTM | -7,133.1% |
| FCF/Rev 3Y Avg | 15.7% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.63 | 0.48 | 0.82 | 1.28 | -1.14 | 0.09 |
| Up Beta | 0.92 | 1.42 | -0.31 | 1.80 | 1.43 | 1.84 |
| Down Beta | 2.07 | -0.33 | -0.79 | -2.35 | 0.81 | -0.82 |
| Up Capture | 129% | 166% | -49% | -19% | -8% | -1% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 25 | 30 | 30 | 30 | 30 |
| Down Capture | -160% | -152% | -220% | -128% | -80% | -45% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 17 | 26 | 26 | 26 | 26 |
[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 PBLS | |
|---|---|---|---|---|
| PBLS | 20.9% | 69.0% | 1.25 | - |
| Sector ETF (XLV) | 26.0% | 16.1% | 1.24 | 29.2% |
| Equity (SPY) | 17.6% | 13.0% | 0.98 | -11.4% |
| Gold (GLD) | 18.0% | 29.3% | 0.56 | 12.6% |
| Commodities (DBC) | 46.6% | 20.7% | 1.75 | 1.0% |
| Real Estate (VNQ) | 5.2% | 13.6% | 0.12 | 4.1% |
| Bitcoin (BTCUSD) | -26.0% | 44.9% | -0.54 | -4.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PBLS | |
|---|---|---|---|---|
| PBLS | 3.9% | 69.0% | 1.25 | - |
| Sector ETF (XLV) | 6.8% | 15.2% | 0.26 | 29.2% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | -11.4% |
| Gold (GLD) | 18.9% | 18.8% | 0.81 | 12.6% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | 1.0% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.05 | 4.1% |
| Bitcoin (BTCUSD) | 12.7% | 52.6% | 0.42 | -4.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PBLS | |
|---|---|---|---|---|
| PBLS | 1.9% | 69.0% | 1.25 | - |
| Sector ETF (XLV) | 10.8% | 16.7% | 0.52 | 29.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | -11.4% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 12.6% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 1.0% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 4.1% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | -4.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/16/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/13/2026 | -4.7% | 10.5% | -1.4% |
| SUMMARY STATS | |||
| # Positive | 0 | 1 | 0 |
| # Negative | 1 | 0 | 1 |
| Median Positive | 10.5% | ||
| Median Negative | -4.7% | -1.4% | |
| Max Positive | 10.5% | ||
| Max Negative | -4.7% | -1.4% | |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/13/2026 | -4.7% | 10.5% | -1.4% |
| SUMMARY STATS | |||
| # Positive | 0 | 1 | 0 |
| # Negative | 1 | 0 | 1 |
| Median Positive | 10.5% | ||
| Median Negative | -4.7% | -1.4% | |
| Max Positive | 10.5% | ||
| Max Negative | -4.7% | -1.4% | |
Insider Activity
Updated 8/25/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ra, Capital Management, LP | See footnotes | Buy | 7222026 | 29.77 | 47,250 | 1,406,632 | 789,788,752 | Form | |
| 2 | Ra, Capital Management, LP | See footnotes | Buy | 7222026 | 29.25 | 65,923 | 1,928,032 | 774,524,518 | Form | |
| 3 | Ra, Capital Management, LP | See footnotes | Buy | 7222026 | 27.28 | 131,420 | 3,584,887 | 720,592,088 | Form | |
| 4 | Levy, Guy | See footnote | Buy | 6292026 | 20.00 | 500,000 | 10,000,000 | 20,540,000 | Form | |
| 5 | Ra, Capital Management, LP | See footnotes | Buy | 6152026 | 20.00 | 21,188,750 | 423,775,000 | 525,701,860 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ra, Capital Management, LP | See footnotes | Buy | 7222026 | 29.77 | 47,250 | 1,406,632 | 789,788,752 | Form | |
| 2 | Ra, Capital Management, LP | See footnotes | Buy | 7222026 | 29.25 | 65,923 | 1,928,032 | 774,524,518 | Form | |
| 3 | Ra, Capital Management, LP | See footnotes | Buy | 7222026 | 27.28 | 131,420 | 3,584,887 | 720,592,088 | Form | |
| 4 | Levy, Guy | See footnote | Buy | 6292026 | 20.00 | 500,000 | 10,000,000 | 20,540,000 | Form | |
| 5 | Ra, Capital Management, LP | See footnotes | Buy | 6152026 | 20.00 | 21,188,750 | 423,775,000 | 525,701,860 | Form | |
| 6 | Sebulsky, Alan | Apothecary Capital LLC | Buy | 6152026 | 20.00 | 12,500 | 250,000 | 250,000 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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