Vogenx (VOGX)


Market Price (9/21/2026): $32.53 | Market Cap: $452.4 MilSector: Health Care | Industry: Biotechnology

Vogenx (VOGX)


Market Price (9/21/2026): $32.53
Market Cap: $452.4 Mil
Sector: Health Care
Industry: Biotechnology

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

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Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Biopharmaceutical R&D, Show more.

Trading close to highs
Dist 52W High is -4.8%, Dist 3Y High is -4.8%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.5 Mil

Stock price has recently run up significantly
6M Rtn6 month market price return is 150%, 12M Rtn12 month market price return is 150%

High stock price volatility
Vol 12M is 125%

Key risks
VOGX key risks include [1] a critical dependency on the success of its single drug candidate, Show more.

0 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Biopharmaceutical R&D, Show more.
1 Trading close to highs
Dist 52W High is -4.8%, Dist 3Y High is -4.8%
2 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.5 Mil
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 150%, 12M Rtn12 month market price return is 150%
5 High stock price volatility
Vol 12M is 125%
6 Key risks
VOGX key risks include [1] a critical dependency on the success of its single drug candidate, Show more.

VOGX in ETFs

Weight = VOGX's share of each fund

VTWO0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/18/2026

Vogenx (VOGX) stock has gained about 150% since it went public on 8/12/2026 because of the following key factors:

1. Robust Initial Public Offering Performance: Vogenx's IPO was significantly successful, pricing at $13.00 per share, the high end of its proposed range, on August 11, 2026. The stock commenced trading on the Nasdaq Capital Market on August 12, 2026, opening at $32.21, substantially above its offering price. The strong investor demand was further underscored by the full exercise of the underwriters' over-allotment option, bringing total gross proceeds to approximately $93.4 million from the sale of 7,187,500 shares.

2. Promising Clinical Pipeline and Data: The company is a clinical-stage biopharmaceutical firm focusing on metabolic diseases, with its lead product candidate, mizagliflozin, a selective SGLT1 inhibitor. This candidate is in Phase 2b preparation for post-bariatric hypoglycemia (PBH) and is slated for Phase 2 trials in gastroparesis and GIP-dependent Cushing's Syndrome. Positive results from two Phase 2 clinical studies for mizagliflozin in PBH demonstrated a statistically significant reduction in postprandial glucose absorption and insulin secretion, which has generated investor confidence in its therapeutic potential.

Show more
Updated on 9/18/2026

Vogenx (VOGX) stock has gained about 150% since it went public on 8/12/2026 because of the following key factors:

1. Robust Initial Public Offering Performance: Vogenx's IPO was significantly successful, pricing at $13.00 per share, the high end of its proposed range, on August 11, 2026. The stock commenced trading on the Nasdaq Capital Market on August 12, 2026, opening at $32.21, substantially above its offering price. The strong investor demand was further underscored by the full exercise of the underwriters' over-allotment option, bringing total gross proceeds to approximately $93.4 million from the sale of 7,187,500 shares.

2. Promising Clinical Pipeline and Data: The company is a clinical-stage biopharmaceutical firm focusing on metabolic diseases, with its lead product candidate, mizagliflozin, a selective SGLT1 inhibitor. This candidate is in Phase 2b preparation for post-bariatric hypoglycemia (PBH) and is slated for Phase 2 trials in gastroparesis and GIP-dependent Cushing's Syndrome. Positive results from two Phase 2 clinical studies for mizagliflozin in PBH demonstrated a statistically significant reduction in postprandial glucose absorption and insulin secretion, which has generated investor confidence in its therapeutic potential.

3. Enhanced Financial Stability and Runway: The net proceeds from the IPO, totaling approximately $84.9 million after expenses, significantly strengthened Vogenx's financial position. This capital infusion is projected by management to fund the company's operations for at least the next 12 months and potentially through 2028, providing a crucial multi-year runway for the continued advancement of its clinical development programs.

4. Bullish Analyst Coverage and Price Targets: Following the IPO, Vogenx received positive initial coverage from Wall Street analysts. JonesTrading initiated coverage with a "Buy" rating and a price target of $55.00, while WBB Securities issued a "Speculative Buy" rating with a $42.00 price target. The consensus among analysts is a "Strong Buy" rating with an average price target of $48.50, indicating strong market confidence in the stock's future appreciation.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

5/31/2026 to 9/20/2026
ReturnCorrelation
VOGX  
Market (SPY)0.9%14.8%
Sector (XLV)12.7%49.8%

Fundamental Drivers

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Market Drivers

2/28/2026 to 9/20/2026
ReturnCorrelation
VOGX  
Market (SPY)11.6%14.8%
Sector (XLV)5.5%49.8%

Fundamental Drivers

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Market Drivers

8/31/2025 to 9/20/2026
ReturnCorrelation
VOGX  
Market (SPY)19.4%14.8%
Sector (XLV)24.1%49.8%

Fundamental Drivers

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Market Drivers

8/31/2023 to 9/20/2026
ReturnCorrelation
VOGX  
Market (SPY)75.6%14.8%
Sector (XLV)32.3%49.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VOGX Return-----163%163%
Peers Return-8%93%-39%-16%86%30%122%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
VOGX Win Rate-----100% 
Peers Win Rate44%44%31%54%58%47% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
VOGX Max Drawdown------ 
Peers Max Drawdown-47%-54%-69%-54%-33%-41% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMLX, VNDA, MDGL, ALT.
[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 9/18/2026 (YTD)

How Low Can It Go

VOGX has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2025 US Tariff Shock
  % Loss-11.7%-18.8%
  % Gain to Breakeven13.3%23.1%
  Time to Breakeven142 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-13.8%-24.5%
  % Gain to Breakeven15.9%32.4%
  Time to Breakeven166 days427 days
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.0%-19.2%
  % Gain to Breakeven17.6%23.8%
  Time to Breakeven191 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.9%-12.2%
  % Gain to Breakeven18.9%13.9%
  Time to Breakeven165 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-15.8%-17.9%
  % Gain to Breakeven18.8%21.8%
  Time to Breakeven153 days123 days

Compare to AMLX, VNDA, MDGL, ALT

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.

VOGX has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
2008-2009 Global Financial Crisis
  % Loss-37.9%-53.4%
  % Gain to Breakeven61.1%114.4%
  Time to Breakeven767 days1085 days

Compare to AMLX, VNDA, MDGL, ALT

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 Vogenx (VOGX)

Vogenx (VOGX) is a clinical-stage biopharmaceutical company focused on developing novel therapies for serious diseases associated with dysfunctions in human metabolism. Founded in 2021 by experienced leaders in metabolic drug development, the company's core mission is to address conditions such as post-bariatric hypoglycemia (PBH), gastroparesis, and GIP-dependent Cushing’s Syndrome (GDCS). Vogenx aims to advance its lead product candidate through clinical development and toward regulatory approval to serve patients with these specific metabolic disorders.

The company's primary product is mizagliflozin, an orally administered, minimally absorbed small molecule drug candidate. Mizagliflozin functions as a selective inhibitor of SGLT1, a glucose transporter located in the gastrointestinal tract responsible for dietary glucose absorption into the bloodstream. By inhibiting SGLT1, mizagliflozin is designed to reduce and delay postprandial glucose absorption, subsequently lowering the overproduction of insulin and glucose-dependent insulinotropic polypeptide (GIP).

Vogenx has demonstrated promising clinical progress, having completed two Phase 2 clinical studies for mizagliflozin in patients with PBH, showing statistically significant reductions in postprandial glucose absorption and insulin secretion, and improvements in glucose nadir and peak. The company plans to begin screening patients for its Phase 2b EMERGE study for PBH in 2026. Additionally, Vogenx expects to initiate a Phase 2 proof-of-concept trial for gastroparesis in 2027 and submit an Investigational New Drug (IND) application for mizagliflozin in GDCS in the same year, targeting these specific patient populations.

AI Analysis | Feedback

Vogenx is like a clinical-stage Eli Lilly, but hyper-focused on developing therapies for niche metabolic disorders such as post-bariatric hypoglycemia and gastroparesis.

Think of Vogenx as a specialized Novo Nordisk, working on novel treatments for specific gastrointestinal-related metabolic issues like post-bariatric hypoglycemia, rather than broad diabetes and obesity.

AI Analysis | Feedback

  • Mizagliflozin: An orally administered, minimally absorbed small molecule drug candidate, a selective inhibitor of SGLT1, in development for the treatment of post-bariatric hypoglycemia (PBH), gastroparesis, and GIP-dependent Cushing’s Syndrome (GDCS).
  • VGX-2857: A preclinical small molecule candidate being considered for metabolic disease indications, including weight maintenance.

AI Analysis | Feedback

Major Customers of Vogenx (VOGX)

Vogenx (VOGX) is a clinical-stage biopharmaceutical company focused on the discovery and development of novel therapies. The company's primary objective is to advance its lead investigational product candidate, mizagliflozin, through clinical development and towards regulatory approval for the treatment of serious diseases such as post-bariatric hypoglycemia, gastroparesis, and GIP-dependent Cushing’s Syndrome.

As Vogenx is currently in the research and clinical development stage and has not yet commercialized any products, it does not have major customers (either other companies or individual consumers) at this time. Its focus is on drug development and obtaining regulatory approval, rather than product sales.

AI Analysis | Feedback

Kissei Pharmaceutical Co., Ltd. (TYO: 4547)

AI Analysis | Feedback

James Green, President, Chief Executive Officer & Chairman

James Green is a co-founder of Vogenx, serving since February 2021. Prior to Vogenx, Mr. Green was the chief executive officer of several clinical-stage pharmaceutical companies, including Avolynt and BHV Pharma. He has also held leadership positions at Lonza, GlaxoSmithKline, Ernst & Young, and Bank of America. Mr. Green began his career in banking, advising on mergers and acquisitions, financings, and other strategic transactions.

Steven Delmar, Chief Financial Officer, Corporate Secretary

Steven Delmar is a co-founder of Vogenx, serving since February 2021. He brings over two decades of experience as a chief financial officer of public companies and in various executive management positions within the pharmaceutical, telecommunications, and software industries. Mr. Delmar has successfully led several debt and equity financings, including an initial public offering, and managed the execution and integration of multiple acquisitions and private equity sale transactions.

William Wilkison, Ph.D., Chief Scientific Officer, Chair of the Scientific Advisory Board

William Wilkison, Ph.D., is a co-founder of Vogenx, serving since February 2021. Previously, Dr. Wilkison founded and served as a senior executive at various public and private drug development companies, where he was responsible for overall pipeline strategy and oversight of research and development activities. He spent several years at GlaxoSmithKline, and its predecessor companies, focusing on metabolic disease in worldwide business development, responsible for target and lead identification and development. Dr. Wilkison also held leadership roles at Avolynt and BHV Pharma.

AI Analysis | Feedback

The key risks to Vogenx's business are primarily centered around the challenging and uncertain nature of drug development and its heavy reliance on a single product candidate.

  1. Clinical Development and Regulatory Approval Risk

    Vogenx is a clinical-stage biopharmaceutical company, meaning its lead product candidate, mizagliflozin, is still undergoing rigorous testing in human clinical trials. The success of the company is entirely contingent upon mizagliflozin successfully demonstrating efficacy and safety across multiple phases of clinical development and ultimately receiving regulatory approval from bodies like the FDA. This process is inherently lengthy, expensive, and subject to high failure rates. Vogenx is currently planning a Phase 2b study for PBH in 2026, a Phase 2 proof-of-concept trial for gastroparesis in 2027, and an IND submission for GDCS in 2027, all of which represent significant future hurdles that carry substantial risk. Even with positive early results, there is no guarantee of success in later-stage trials or of ultimate regulatory approval.

  2. Product Concentration Risk

    Vogenx's business is almost entirely dependent on the successful development and commercialization of a single lead investigational product candidate, mizagliflozin. While the company mentions a preclinical candidate, VGX-2857, it is in a very early stage of development and does not significantly diversify the company's risk profile in the near term. Should mizagliflozin fail to achieve its clinical endpoints, encounter unexpected safety issues, or fail to gain regulatory approval for any of its target indications (PBH, gastroparesis, GDCS), Vogenx's future prospects and viability would be severely jeopardized.

AI Analysis | Feedback

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AI Analysis | Feedback

Vogenx (symbol: VOGX) is developing mizagliflozin for the treatment of Post-Bariatric Hypoglycemia (PBH), gastroparesis, and GIP-dependent Cushing’s Syndrome (GDCS). The addressable markets for these conditions are as follows:

Post-Bariatric Hypoglycemia (PBH)

The global market for post-bariatric hypoglycemia treatment was valued at approximately USD 415.63 million in 2024 and is projected to reach USD 752.37 million by 2032. Another report indicates the market across the top 7 major markets (US, EU4, UK, and Japan) was USD 310.5 million in 2025 and is expected to reach USD 523.5 million by 2036. In 2025, the market size for PBH in the 7MM (United States, EU4, United Kingdom, and Japan) was approximately USD 470 million. The United States alone accounted for approximately 73% of the total market size in the 7MM in 2025. Approximately 160,000 people in the U.S. are living with PBH.

Gastroparesis

The global gastroparesis treatment market was valued at USD 6.63 billion in 2024 and is projected to reach USD 10.45 billion by 2034, growing at a CAGR of 4.65% from 2025 to 2034. Another estimate places the global gastroparesis treatment market at USD 8.75 billion in 2026, expected to reach USD 12.31 billion by 2033. North America is the dominant region in the global gastroparesis treatment market, holding an estimated market share of 40.8% in 2026. The U.S. gastroparesis treatment market size was valued at USD 1.95 billion in 2024 and is projected to reach approximately USD 3.13 billion by 2034.

GIP-dependent Cushing’s Syndrome (GDCS)

GIP-dependent Cushing's Syndrome (GDCS), also referred to as food-dependent Cushing's syndrome (FDCS), is a rare form of hypercortisolism. Specific market size data for GDCS alone is not available. However, the broader Cushing's Syndrome market provides an indication of the potential landscape. The global Cushing's Syndrome market was valued at approximately USD 1.13 billion in 2025 and is projected to reach USD 1.87 billion by 2033. Another source estimates the global market for Cushing's Syndrome at USD 1.2 billion in 2026, with an expectation to reach USD 1.9 billion by 2033. The Cushing's Disease market in the 7MM (US, EU4, UK, and Japan) was valued at approximately USD 1,089 million in 2025 and is projected to grow to USD 1,823 million by 2034.

AI Analysis | Feedback

The expected drivers of future revenue growth for Vogenx (VOGX) over the next 2-3 years are centered on the clinical development and potential market expansion of its lead investigational product candidate, mizagliflozin:

  1. Advancement of Mizagliflozin for Post-Bariatric Hypoglycemia (PBH): Vogenx expects to begin screening patients in 2026 for its Phase 2b EMERGE study for mizagliflozin in PBH. Successful progression and positive outcomes in this clinical trial would be a significant driver by moving the drug closer to regulatory approval and eventual commercialization for a condition with observed reductions in hypoglycemic events.
  2. Expansion of Mizagliflozin into Gastroparesis: The company plans to initiate a Phase 2 proof-of-concept clinical trial of mizagliflozin in patients diagnosed with gastroparesis in 2027. This represents an entry into a new therapeutic area, expanding the potential market for mizagliflozin beyond PBH.
  3. Development of Mizagliflozin for GIP-Dependent Cushing’s Syndrome (GDCS): Vogenx anticipates submitting an Investigational New Drug (IND) application to the U.S. Food and Drug Administration (FDA) in 2027 for the use of mizagliflozin in patients with GDCS. Gaining IND approval and progressing into clinical trials for this additional indication would further broaden the potential addressable market and future revenue streams for the company.

AI Analysis | Feedback

Share Issuance

  • Vogenx completed its initial public offering (IPO) on August 12, 2026, with its common stock beginning to trade on the Nasdaq Capital Market under the ticker symbol VOGX.
  • The company issued 6,250,000 shares of its common stock at an offering price of $13.00 per share.
  • The gross proceeds to Vogenx from the IPO were approximately $81.3 million, prior to deducting underwriting discounts, commissions, and other offering expenses.

Inbound Investments

  • In 2021, Vogenx secured exclusive worldwide rights, excluding Japan, Korea, and Taiwan, to its lead investigational product candidate, mizagliflozin, from Kissei Pharmaceutical Co., Ltd. This licensing agreement was obtained in exchange for certain milestone payments and future royalties on net sales.

Capital Expenditures

  • Vogenx reported capital expenditures of $0.00 million as of December 2025 and for the trailing twelve months ended March 2026.
  • For the six months ended December 2025, the company's cash flow for purchasing property, plant, and equipment was $0.00 million.

Peer Outperformance in Biotechnology

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Share of Biotechnology constituents that VOGX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is VOGX'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 16.2%43.2%90.1% CAH 392% · MCK 346% · COR 168%
Managed Health Care 8 40.4%-5.3%2.3% OSCR 84% · HQY 56% · ELV 17%
Health Care Services 20 21.1%37.6%-0.3% HIMS 239% · RDNT 173% · DGX 76%
Health Care Facilities 24 6.0%6.5%-4.5% NHC 271% · THC 261% · ENSG 129%
Health Care Equipment 50 -2.7%-0.2%-21.1% POCI 11050% · UFPT 341% · GKOS 222%
Pharmaceuticals 62 -10.5%14.8%-38.6% LQDA 2472% · INDV 1099% · ETON 1051%
Health Care Supplies 12 14.1%-8.9%-39.7% LNTH 287% · HAE 54% · MMSI 20%
Life Sciences Tools & Services 109 4.3%-11.3%-68.4% SNWV 1757% · MEDP 231% · NTRA 199%
Health Care Technology 21 -25.8%-52.6%-79.2% SPOK 68% · HSTM 3% · VEEV -13%
Biotechnology ← 364 0.6%-21.7%-79.4% CELZ 1280% · DNTH 1221% · ELVN 1069%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

VOGXAMLXVNDAMDGLALTMedian
NameVogenx Amylyx P.Vanda Ph.Madrigal.Altimmune 
Mkt Price32.5032.415.13531.523.2532.41
Mkt Cap-3.60.315.50.62.1
Rev LTM002161,28400
Op Inc LTM-2-162-186-323-100-162
FCF LTM-1-127-153-206-77-127
FCF 3Y Avg--117-75-323-77-97
CFO LTM-1-127-142-198-77-127
CFO 3Y Avg--117-71-318-77-97

Growth & Margins

VOGXAMLXVNDAMDGLALTMedian
NameVogenx Amylyx P.Vanda Ph.Madrigal.Altimmune 
Rev Chg LTM-100.0%6.0%149.0%55.0%77.5%
Rev Chg 3Y Avg-18.5%-1.9%-188.3%18.5%
Rev Chg Q---3.9%71.2%-100.0%-3.9%
QoQ Delta Rev Chg LTM---0.9%13.4%-13.9%-0.9%
Op Inc Chg LTM--0.8%-84.2%-4.1%-6.2%-5.2%
Op Inc Chg 3Y Avg--31.9%-243.4%-7.7%-4.7%-19.8%
Op Mgn LTM---86.1%-25.1%-323,306.5%-86.1%
Op Mgn 3Y Avg---51.2%-1,236.0%-272,980.7%-1,236.0%
QoQ Delta Op Mgn LTM---12.4%2.6%-54,089.8%-12.4%
CFO/Rev LTM---66.0%-15.4%-246,800.0%-66.0%
CFO/Rev 3Y Avg---33.6%-1,047.4%-224,047.7%-1,047.4%
FCF/Rev LTM---70.9%-16.0%-246,974.2%-70.9%
FCF/Rev 3Y Avg---35.5%-1,063.3%-224,105.7%-1,063.3%

Valuation

VOGXAMLXVNDAMDGLALTMedian
NameVogenx Amylyx P.Vanda Ph.Madrigal.Altimmune 
Mkt Cap-3.60.315.50.62.1
P/S--1.412.119,441.712.1
P/Op Inc--22.2-1.7-48.0-6.0-14.1
P/EBIT--22.2-1.7-52.8-6.8-14.5
P/E--23.7-1.1-47.7-6.6-15.1
P/CFO--28.5-2.2-78.4-7.9-18.2
Total Yield--4.2%-89.0%-2.1%-15.2%-9.7%
Dividend Yield-0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg--27.1%-22.3%-4.2%-18.2%-20.2%
D/E-0.00.10.00.10.0
Net D/E--0.1-0.5-0.0-0.5-0.3

Returns

VOGXAMLXVNDAMDGLALTMedian
NameVogenx Amylyx P.Vanda Ph.Madrigal.Altimmune 
1M Rtn10.1%-16.2%-2.8%2.9%4.5%2.9%
3M Rtn150.0%106.8%-11.6%5.1%20.4%20.4%
6M Rtn150.0%134.7%-27.9%20.5%-2.7%20.5%
12M Rtn150.0%143.5%14.3%20.8%-14.0%20.8%
3Y Rtn150.0%79.3%15.0%233.2%27.0%79.3%
1M Excs Rtn41.1%-15.3%-7.2%-0.9%4.9%-0.9%
3M Excs Rtn148.0%104.8%-13.6%3.1%18.4%18.4%
6M Excs Rtn134.2%114.9%-55.9%1.2%-20.8%1.2%
12M Excs Rtn134.1%137.9%0.9%11.4%-24.9%11.4%
3Y Excs Rtn78.7%-10.2%-63.3%107.9%-49.5%-10.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024
Discovery and development of treatments for serious metabolic and gastrointestinal diseases00
Total00


Net Income by Segment
$ Mil20252024
Discovery and development of treatments for serious metabolic and gastrointestinal diseases-1-2
Total-1-2


Price Behavior

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VOGX Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta-0.92-3.00-1.92-1.54-2.14-1.01
Up Beta7.000.04-5.740.94-1.083.74
Down Beta26.256.403.95-6.257.084.13
Up Capture1120%538%313%119%54%5%
Bmk +ve Days10213268138427
Stock +ve Days131313131313
Down Capture-1385%-531%-282%-164%-103%-57%
Bmk -ve Days11213259113324
Stock -ve Days000000

[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 VOGX
VOGX150.9%125.5%7.71-
Sector ETF (XLV)24.4%16.1%1.1649.8%
Equity (SPY)16.9%12.9%0.9414.8%
Gold (GLD)19.1%29.3%0.6020.8%
Commodities (DBC)46.3%20.6%1.73-18.0%
Real Estate (VNQ)4.9%13.6%0.1035.9%
Bitcoin (BTCUSD)-30.6%44.3%-0.7039.9%

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 VOGX
VOGX20.1%125.5%7.71-
Sector ETF (XLV)6.4%15.2%0.2449.8%
Equity (SPY)12.9%17.2%0.5714.8%
Gold (GLD)19.1%18.8%0.8320.8%
Commodities (DBC)11.2%19.5%0.45-18.0%
Real Estate (VNQ)1.1%18.8%-0.0535.9%
Bitcoin (BTCUSD)12.5%52.5%0.4239.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VOGX
VOGX9.6%125.5%7.71-
Sector ETF (XLV)10.6%16.7%0.5149.8%
Equity (SPY)15.1%18.0%0.7214.8%
Gold (GLD)12.1%16.4%0.6120.8%
Commodities (DBC)8.3%18.1%0.37-18.0%
Real Estate (VNQ)4.4%20.7%0.1835.9%
Bitcoin (BTCUSD)62.6%66.2%1.0239.9%

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Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 8152026-29.2%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity13.9 Mil
Short % of Basic Shares0.1%

SEC Filings

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Report DateFiling DateFiling
06/30/202609/17/202610-Q
03/31/202608/12/2026424B4
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Report DateFiling DateFiling
06/30/202609/17/202610-Q
03/31/202608/12/2026424B4
Core Cache Last Updated: 9/20/2026