Retension Pharmaceuticals (RTSN)
Market Price (11/5/2026): $11.02 | Market Cap: $91.8 MilSector: Health Care | Industry: Biotechnology
Retension Pharmaceuticals (RTSN)
Market Price (11/5/2026): $11.02Market Cap: $91.8 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. | Weak multi-year price returns2Y Excs Rtn is -20%, 3Y Excs Rtn is -72% | High stock price volatilityVol 12M is 112% Key risksRTSN key risks include [1] its complete dependence on a single asset, Show more. |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -20%, 3Y Excs Rtn is -72% |
| High stock price volatilityVol 12M is 112% |
| Key risksRTSN key risks include [1] its complete dependence on a single asset, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Retension Pharmaceuticals (RTSN) stock has gained about 10% since it went public on 10/9/2026 because of the following key factors:
1. Successful Upsized Initial Public Offering.
Retension Pharmaceuticals (RTSN) successfully completed an upsized initial public offering (IPO), pricing 3,750,000 shares of common stock at $12.00 per share on October 8, 2026. This offering, which began trading on Nasdaq on October 9, 2026, raised gross proceeds of $45 million, indicating strong initial investor demand for the company's shares.
2. Promising Lead Drug Candidate for Uncontrolled Hypertension.
The company's primary asset, RTN-001, a next-generation treatment for uncontrolled and resistant hypertension, has shown promising results in clinical development. Two Phase 2 pilot trials demonstrated clinically meaningful placebo-adjusted reductions in systolic and diastolic blood pressure. A significant portion of the IPO proceeds is allocated to complete the ongoing Phase 2b clinical trial and advance RTN-001 into a planned Phase 3 clinical trial, which underpins investor confidence in its future potential.
Show more
Retension Pharmaceuticals (RTSN) stock has gained about 10% since it went public on 10/9/2026 because of the following key factors:
1. Successful Upsized Initial Public Offering.
Retension Pharmaceuticals (RTSN) successfully completed an upsized initial public offering (IPO), pricing 3,750,000 shares of common stock at $12.00 per share on October 8, 2026. This offering, which began trading on Nasdaq on October 9, 2026, raised gross proceeds of $45 million, indicating strong initial investor demand for the company's shares.
2. Promising Lead Drug Candidate for Uncontrolled Hypertension.
The company's primary asset, RTN-001, a next-generation treatment for uncontrolled and resistant hypertension, has shown promising results in clinical development. Two Phase 2 pilot trials demonstrated clinically meaningful placebo-adjusted reductions in systolic and diastolic blood pressure. A significant portion of the IPO proceeds is allocated to complete the ongoing Phase 2b clinical trial and advance RTN-001 into a planned Phase 3 clinical trial, which underpins investor confidence in its future potential.
3. Strong Financial Position Post-IPO.
Despite being a clinical-stage biopharmaceutical company with no product revenue, Retension Pharmaceuticals established a solid financial foundation following its IPO. The company maintains a strong balance sheet with more cash than debt and a current ratio of 5.61, which provides financial stability to fund its ongoing and future clinical development programs for RTN-001.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
7/31/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| RTSN | ||
| Market (SPY) | 2.6% | -14.4% |
| Sector (XLV) | 16.7% | -22.0% |
Fundamental Drivers
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Market Drivers
4/30/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| RTSN | ||
| Market (SPY) | 7.0% | -14.4% |
| Sector (XLV) | 30.5% | -22.0% |
Fundamental Drivers
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Market Drivers
10/31/2025 to 11/4/2026| Return | Correlation | |
|---|---|---|
| RTSN | ||
| Market (SPY) | 13.4% | -14.4% |
| Sector (XLV) | 33.2% | -22.0% |
Fundamental Drivers
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Market Drivers
10/31/2023 to 11/4/2026| Return | Correlation | |
|---|---|---|
| RTSN | ||
| Market (SPY) | 89.7% | -14.4% |
| Sector (XLV) | 59.5% | -22.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RTSN Return | - | - | - | - | - | 10% | 10% |
| Peers Return | 30% | 20% | -3% | 7% | 20% | 34% | 159% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| RTSN Win Rate | - | - | - | - | - | 100% | |
| Peers Win Rate | 55% | 63% | 38% | 47% | 58% | 71% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| RTSN Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -18% | -16% | -25% | -22% | -24% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JNJ, MRK, PFE, BMY, LLY.
[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 11/4/2026 (YTD)
How Low Can It Go
RTSN 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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Asset Allocation
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RTSN 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 Retension Pharmaceuticals (RTSN)
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Eric Keller, J.D. Chief Executive Officer, Founder & Chairman
Eric Keller is the Founder and CEO of Retension Pharmaceuticals. He also serves as the Founder and CEO of Redux Therapeutics, a company focused on therapeutic asset acquisition and development. With nearly 30 years of experience in life sciences companies, Mr. Keller previously served as CEO of Nano Terra, where he oversaw the acquisition of Surface Logix and the subsequent out-licensing of three Phase 2 small molecule drugs, including RezuRock (now marketed by Sanofi) and RTN-001.
Alex Schwartz, M.B.A. Chief Financial Officer
Alex Schwartz brings over 15 years of financial expertise from both corporate and Wall Street sectors, specializing as a biotechnology equity research analyst and finance executive providing strategic guidance to biotech firms. He has successfully raised over $500 million in capital. Most recently, he was the Vice President of Financial Planning & Analysis and Investor Relations at Ventyx Biosciences, Inc., which was acquired by Eli Lilly and Company in March 2026. Mr. Schwartz's background includes senior finance and investor relations roles at Allakos Inc., NGM Biopharmaceuticals, Inc., and Esperion Therapeutics, Inc., where he provided financial and strategic leadership for clinical development, regulatory approvals, and commercial launches.
Paul Sweetnam, Ph.D. Chief Scientific Officer & Co-Founder
Paul Sweetnam has over 25 years of experience in senior scientific and management roles within the pharmaceutical and biotechnology industries. He led the discovery of RTN-001 at Surface Logix, Inc., and was instrumental in advancing eight candidate molecules into clinical development during his tenure at Bayer Healthcare, including Nexavar.
Alison D. Schecter, M.D. Chief Medical Officer
Alison D. Schecter is a physician-scientist with more than 25 years of experience in inflammation and cardiometabolic diseases, holding board certifications in Internal Medicine and Cardiology. Prior to joining Retension, she was the Senior Vice President and Head of Clinical Development at Mineralys Therapeutics, where she oversaw multiple registration trials for resistant hypertension. Dr. Schecter's extensive leadership experience includes roles as CEO of Molecules to Medicine Advisory Group, President of Research and Development at Axcella Health Inc., and Chief Medical Officer at Selecta Biosciences. She also played a central role in securing FDA approvals for Xenpozyme® at Sanofi-Genzyme and Adynovate® at Baxalta.
Sabine Bisson, Ph.D. Chief Operating Officer
Sabine Bisson brings nearly 20 years of strategic and operational leadership experience from various biotech companies, where she has overseen development and partnership activities across the R&D lifecycle. She was instrumental in the development of several therapeutics, including the CV metabolism drug Praluent® and the Immuno-Oncology agent Libtayo®. Her prior roles include leading programs at Regeneron, Cellectis, and Volastra.
AI Analysis | Feedback
The key risks to Retension Pharmaceuticals (RTSN) primarily revolve around its status as a clinical-stage biopharmaceutical company with a single lead product candidate.
- Clinical Trial and Regulatory Approval Risk: As a clinical-stage company, Retension Pharmaceuticals' success is heavily dependent on the successful completion of clinical trials for its lead candidate, RTN-001, and subsequent regulatory approval. The company is currently in a Phase 2b trial for RTN-001, with initial data anticipated in the first half of 2027. Failure at any stage of clinical development, or the inability to secure regulatory approvals from health authorities like the FDA, would severely impact the company's viability.
- Reliance on a Single Product Candidate: Retension Pharmaceuticals' entire business strategy is centered on the development and potential commercialization of a single asset, RTN-001. Should RTN-001 fail to achieve its clinical endpoints, demonstrate an unfavorable safety profile, or not gain market acceptance, the company lacks other pipeline products to diversify its risk, making it highly vulnerable to the success or failure of this one drug.
- Competition and Market Acceptance: The market for hypertension treatments is highly competitive, with numerous established drug classes already available, including ACE inhibitors, ARBs, calcium channel blockers, diuretics, and beta blockers, as well as other emerging cardiometabolic approaches. Even if RTN-001 successfully navigates clinical trials and receives regulatory approval, it will need to demonstrate significant advantages in efficacy, safety, or patient convenience to effectively compete and gain meaningful market share against these entrenched therapies.
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Retension Pharmaceuticals (RTSN) is a clinical-stage biopharmaceutical company primarily focused on developing RTN-001, a lead drug candidate for the treatment of uncontrolled and resistant hypertension.
The addressable market for hypertension, the condition RTN-001 aims to treat, is substantial:
- Globally, it is estimated that as much as 20% of the population suffers from hypertension.
- In the U.S., nearly one-half of the adult population is affected by hypertension, amounting to approximately 120 million adults.
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For Retension Pharmaceuticals (symbol: RTSN), a clinical-stage biopharmaceutical company with its lead candidate RTN-001 in development for hypertension, the primary drivers of future revenue growth over the next 2-3 years are tied to its clinical development milestones and strategic positioning, rather than immediate product sales, as the company is currently pre-revenue.
Here are 3-5 expected drivers of future revenue growth:
- Advancement of RTN-001 through Clinical Development: The successful progression of RTN-001, a next-generation PDE-5 inhibitor for uncontrolled and resistant hypertension, through its ongoing Phase 2b clinical trials and into subsequent Phase 3 trials is a critical driver. Initial data from the Phase 2b trial is anticipated in the first half of 2027. Positive clinical outcomes are essential for the drug to move closer to market, thereby increasing its future revenue potential.
- Securing Regulatory Approval for RTN-001: Achieving significant progress toward or ultimately gaining regulatory approval (e.g., from the FDA) for RTN-001 within the 2-3 year timeframe would be a pivotal event. Although direct commercial sales might not generate substantial revenue immediately within this short period, regulatory approval would de-risk the asset, unlock its commercialization pathway, and significantly increase the company's valuation and long-term revenue prospects.
- Expansion into New Indications for RTN-001: Retension Pharmaceuticals is exploring additional cardiovascular or renal indications where the nitric oxide-cGMP pathway modulation offered by RTN-001 could be beneficial. Initiating clinical development for these expanded indications would broaden RTN-001's potential market reach and establish additional future revenue streams beyond its initial focus on hypertension.
- Strategic Partnerships and Licensing Deals: As a clinical-stage company, securing new strategic partnerships or licensing agreements for RTN-001 could provide essential non-dilutive funding, milestone payments, and potential future royalties on sales. These collaborations can accelerate development, mitigate financial risk, and leverage larger partners' commercialization capabilities, thereby generating "revenue" in the form of payments and enhancing the overall value proposition that leads to future product revenue.
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Share Issuance
- Retension Pharmaceuticals filed for an Initial Public Offering (IPO) on September 18, 2026, aiming to raise up to $58 million (with estimated proceeds of $60 million) by listing on the Nasdaq under the symbol RTSN.
Inbound Investments
- Retension Pharmaceuticals has raised a total of $22.4 million in funding.
- The company successfully closed a $10.4 million Series A financing round on August 23, 2024, to launch a Phase 2 clinical study for RTN-001 and support ongoing development efforts.
- On August 7, 2025, Retension Pharmaceuticals completed a $15 million Series B financing round to advance the clinical development of RTN-001.
Capital Expenditures
- Proceeds from the anticipated IPO are earmarked to complete the Phase 2b clinical trial and prepare for the planned Phase 3 trial of its lead candidate, RTN-001.
- The $10.4 million Series A financing in August 2024 was allocated to conducting an efficacy study for RTN-001 and supporting the company's development efforts.
- The $15 million Series B financing in August 2025 was specifically for the initiation of a multicenter, double-blind, placebo-controlled, randomized Phase 2b clinical study for RTN-001 in patients with uncontrolled and resistant hypertension, which commenced in Q4 2025.
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 108.31 |
| Mkt Cap | 374.1 |
| Rev LTM | 67,378 |
| Op Inc LTM | 16,624 |
| FCF LTM | 11,786 |
| FCF 3Y Avg | 12,797 |
| CFO LTM | 18,703 |
| CFO 3Y Avg | 17,580 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.9% |
| Rev Chg 3Y Avg | 4.4% |
| Rev Chg Q | 5.9% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 7.9% |
| Op Inc Chg 3Y Avg | 19.8% |
| Op Mgn LTM | 26.1% |
| Op Mgn 3Y Avg | 23.3% |
| QoQ Delta Op Mgn LTM | -0.6% |
| CFO/Rev LTM | 26.3% |
| CFO/Rev 3Y Avg | 27.1% |
| FCF/Rev LTM | 18.6% |
| FCF/Rev 3Y Avg | 20.6% |
Price Behavior
| Market Price | $11.60 | |
| Distance from 52W High | -29.0% | |
| 50 Days | 200 Days | |
| DMA Price | ||
| DMA Trend | ||
| Distance from DMA | ||
| 3M | 1YR | |
| Volatility | 111.9% | 111.9% |
| Downside Capture | ||
| Upside Capture | ||
| Correlation (S&P 500) |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.14 | -6.36 | 5.04 | 1.24 | 0.25 | -0.87 |
| Up Beta | 10.82 | -2.02 | 18.26 | 14.63 | -4.59 | 9.40 |
| Down Beta | 8.43 | -5.31 | 10.92 | -8.65 | 7.87 | -1.92 |
| Up Capture | -66% | -33% | -21% | -8% | -3% | -0% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 7 | 7 | 7 | 7 | 7 | 7 |
| Down Capture | -188% | -102% | -81% | -41% | -24% | -14% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 8 | 8 | 8 | 8 | 8 | 8 |
[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 RTSN | |
|---|---|---|---|---|
| RTSN | 10.2% | 111.9% | 1.67 | - |
| Sector ETF (XLV) | 33.1% | 16.7% | 1.53 | -22.0% |
| Equity (SPY) | 13.2% | 12.9% | 0.68 | -14.4% |
| Gold (GLD) | 1.0% | 28.8% | 0.03 | -4.7% |
| Commodities (DBC) | 35.9% | 21.2% | 1.34 | 30.0% |
| Real Estate (VNQ) | 14.3% | 14.1% | 0.70 | -17.2% |
| Bitcoin (BTCUSD) | -28.2% | 43.4% | -0.65 | 16.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RTSN | |
|---|---|---|---|---|
| RTSN | 1.9% | 111.9% | 1.67 | - |
| Sector ETF (XLV) | 9.3% | 15.3% | 0.40 | -22.0% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | -14.4% |
| Gold (GLD) | 17.3% | 19.1% | 0.73 | -4.7% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 30.0% |
| Real Estate (VNQ) | 1.8% | 18.9% | -0.01 | -17.2% |
| Bitcoin (BTCUSD) | 5.5% | 51.5% | 0.29 | 16.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RTSN | |
|---|---|---|---|---|
| RTSN | 1.0% | 111.9% | 1.67 | - |
| Sector ETF (XLV) | 12.5% | 16.8% | 0.61 | -22.0% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | -14.4% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | -4.7% |
| Commodities (DBC) | 7.4% | 18.1% | 0.33 | 30.0% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | -17.2% |
| Bitcoin (BTCUSD) | 61.0% | 66.2% | 1.01 | 16.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 09/18/2026 | S-1 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 09/18/2026 | S-1 |
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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