Edgewise Therapeutics (EWTX)
Market Price (7/9/2026): $46.98 | Market Cap: $5.0 BilSector: Health Care | Industry: Biotechnology
Edgewise Therapeutics (EWTX)
Market Price (7/9/2026): $46.98Market Cap: $5.0 BilSector: 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. Themes include Targeted Therapies, Biopharmaceutical R&D, and Rare Disease Therapies. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -200 Mil Stock price has recently run up significantly12M Rtn12 month market price return is 256% 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 -7.8% Key risksEWTX key risks include [1] its heavy dependence on successful clinical trial outcomes for its lead drug candidates, Show more. |
| Megatrend and thematic driversMegatrends include Precision Medicine. Themes include Targeted Therapies, Biopharmaceutical R&D, and Rare Disease Therapies. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -200 Mil |
| Stock price has recently run up significantly12M Rtn12 month market price return is 256% |
| 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 -7.8% |
| Key risksEWTX key risks include [1] its heavy dependence on successful clinical trial outcomes for its lead drug candidates, Show more. |
Qualitative Assessment
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Edgewise Therapeutics (EWTX) stock has gained about 45% since 3/31/2026 because of the following key factors:
1. Divestiture of Muscular Dystrophy Business and Substantial Capital Infusion.
Edgewise Therapeutics announced on June 1, 2026, its agreement to sell its muscular dystrophy business, including sevasemten, to Servier for an upfront payment of $1.55 billion, with the potential for an additional $1.1 billion in regulatory and commercial milestones, totaling up to $2.65 billion. This strategic divestiture, expected to close in fiscal Q3 2026, significantly bolstered the company's balance sheet and allowed it to fully refocus on its cardiovascular pipeline.
2. Positive Top-Line Results from Phase 2 CIRRUS-HCM Trial for EDG-7500.
On June 16, 2026, Edgewise Therapeutics reported positive top-line data from the 12-week Phase 2 Part D CIRRUS-HCM trial evaluating EDG-7500 in patients with obstructive and nonobstructive hypertrophic cardiomyopathy (HCM). The trial demonstrated clinically meaningful improvements across key measures of hemodynamics, biomarkers, and functional status without compromising systolic function. Notably, 90% of participants with obstructive HCM showed positive responses, and 74% achieved normalization or significant reduction in NT-proBNP levels. These strong results support the advancement of EDG-7500 into Phase 3 clinical development, targeted for fiscal Q4 2026.
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Edgewise Therapeutics (EWTX) stock has gained about 45% since 3/31/2026 because of the following key factors:
1. Divestiture of Muscular Dystrophy Business and Substantial Capital Infusion.
Edgewise Therapeutics announced on June 1, 2026, its agreement to sell its muscular dystrophy business, including sevasemten, to Servier for an upfront payment of $1.55 billion, with the potential for an additional $1.1 billion in regulatory and commercial milestones, totaling up to $2.65 billion. This strategic divestiture, expected to close in fiscal Q3 2026, significantly bolstered the company's balance sheet and allowed it to fully refocus on its cardiovascular pipeline.
2. Positive Top-Line Results from Phase 2 CIRRUS-HCM Trial for EDG-7500.
On June 16, 2026, Edgewise Therapeutics reported positive top-line data from the 12-week Phase 2 Part D CIRRUS-HCM trial evaluating EDG-7500 in patients with obstructive and nonobstructive hypertrophic cardiomyopathy (HCM). The trial demonstrated clinically meaningful improvements across key measures of hemodynamics, biomarkers, and functional status without compromising systolic function. Notably, 90% of participants with obstructive HCM showed positive responses, and 74% achieved normalization or significant reduction in NT-proBNP levels. These strong results support the advancement of EDG-7500 into Phase 3 clinical development, targeted for fiscal Q4 2026.
3. Improved Financial Outlook and Strategic Pipeline Focus.
The significant upfront cash payment from the Servier deal, combined with Edgewise's existing cash of $499.6 million as of the end of fiscal Q1 2026, is expected to fully fund the company's cardiovascular pipeline, including EDG-7500, through potential regulatory approval. Furthermore, the company reported fiscal Q1 2026 financial results on May 7, 2026, with an earnings per share (EPS) of -$0.46, which surpassed analysts' consensus estimates of -$0.50 by $0.04. This strengthened financial position and clear strategic focus on cardiovascular indications provided investors with increased confidence.
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Stock Movement Drivers
Fundamental Drivers
The 47.0% change in EWTX stock from 3/31/2026 to 7/8/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312026 | 7082026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.50 | 46.30 | 47.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 106 | 107 | -1.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2026 to 7/8/2026| Return | Correlation | |
|---|---|---|
| EWTX | 47.0% | |
| Market (SPY) | 14.6% | 20.5% |
| Sector (XLV) | 10.7% | 5.9% |
Fundamental Drivers
The 86.6% change in EWTX stock from 12/31/2025 to 7/8/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 7082026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.82 | 46.30 | 86.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 105 | 107 | -1.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
12/31/2025 to 7/8/2026| Return | Correlation | |
|---|---|---|
| EWTX | 86.6% | |
| Market (SPY) | 9.6% | 22.3% |
| Sector (XLV) | 5.3% | 14.5% |
Fundamental Drivers
The 253.2% change in EWTX stock from 6/30/2025 to 7/8/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302025 | 7082026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.11 | 46.30 | 253.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 95 | 107 | -11.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
6/30/2025 to 7/8/2026| Return | Correlation | |
|---|---|---|
| EWTX | 253.2% | |
| Market (SPY) | 21.7% | 19.1% |
| Sector (XLV) | 22.0% | 19.0% |
Fundamental Drivers
The 497.4% change in EWTX stock from 6/30/2023 to 7/8/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7082026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.75 | 46.30 | 497.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 63 | 107 | -40.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
6/30/2023 to 7/8/2026| Return | Correlation | |
|---|---|---|
| EWTX | 497.4% | |
| Market (SPY) | 74.1% | 26.4% |
| Sector (XLV) | 28.0% | 22.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EWTX Return | -49% | -41% | 22% | 144% | -7% | 74% | 44% |
| Peers Return | -11% | -4% | 88% | 50% | 53% | -6% | 246% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| EWTX Win Rate | 40% | 25% | 42% | 50% | 50% | 86% | |
| Peers Win Rate | 43% | 55% | 48% | 52% | 55% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| EWTX Max Drawdown | - | -70% | -51% | -31% | -62% | -18% | |
| Peers Max Drawdown | -55% | -52% | -53% | -47% | -51% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CYTK, SRPT, BBIO, DYN, RNA.
[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 7/8/2026 (YTD)
How Low Can It Go
| Event | EWTX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -57.2% | -18.8% |
| % Gain to Breakeven | 133.5% | 23.1% |
| Time to Breakeven | 257 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -26.2% | -7.8% |
| % Gain to Breakeven | 35.5% | 8.5% |
| Time to Breakeven | 43 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.2% | -9.5% |
| % Gain to Breakeven | 26.9% | 10.5% |
| Time to Breakeven | 33 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -42.9% | -6.7% |
| % Gain to Breakeven | 75.1% | 7.1% |
| Time to Breakeven | 43 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -65.7% | -24.5% |
| % Gain to Breakeven | 191.4% | 32.4% |
| Time to Breakeven | 611 days | 427 days |
In The Past
Edgewise Therapeutics's stock fell -57.2% during the 2025 US Tariff Shock. Such a loss loss requires a 133.5% gain to breakeven.
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Asset Allocation
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| Event | EWTX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -57.2% | -18.8% |
| % Gain to Breakeven | 133.5% | 23.1% |
| Time to Breakeven | 257 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -26.2% | -7.8% |
| % Gain to Breakeven | 35.5% | 8.5% |
| Time to Breakeven | 43 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.2% | -9.5% |
| % Gain to Breakeven | 26.9% | 10.5% |
| Time to Breakeven | 33 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -42.9% | -6.7% |
| % Gain to Breakeven | 75.1% | 7.1% |
| Time to Breakeven | 43 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -65.7% | -24.5% |
| % Gain to Breakeven | 191.4% | 32.4% |
| Time to Breakeven | 611 days | 427 days |
In The Past
Edgewise Therapeutics's stock fell -57.2% during the 2025 US Tariff Shock. Such a loss loss requires a 133.5% 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 Edgewise Therapeutics (EWTX)
Edgewise Therapeutics, Inc. (EWTX) is a biopharmaceutical company dedicated to developing innovative small molecule therapies for musculoskeletal diseases. The company's focus is on creating treatments that address the root causes of these conditions, rather than just managing symptoms, particularly for genetically defined muscle disorders.
The company's lead product candidate is EDG-5506, an orally administered small molecule therapy. EDG-5506 is specifically designed to treat dystrophinopathies, which include serious muscle-wasting conditions like Duchenne muscular dystrophy (DMD) and Becker muscular dystrophy (BMD). This therapy has successfully completed Phase 1 clinical trials, marking a significant step in its development.
Beyond EDG-5506, Edgewise Therapeutics is actively developing a broader pipeline of precision medicine product candidates. These therapies are engineered to target key muscle proteins and modulators, aiming to serve patients suffering from a variety of other genetically defined muscle disorders. The company's primary market is individuals affected by these debilitating inherited muscle diseases.
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Here are a few analogies for Edgewise Therapeutics (EWTX):
- Like a Sarepta Therapeutics (SRPT), but developing small molecule treatments for muscle disorders.
- Like a Vertex Pharmaceuticals (VRTX), but focused on small molecule therapies for muscle diseases instead of cystic fibrosis.
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- EDG-5506: An orally administered small molecule therapy designed to address the root cause of dystrophinopathies, including Duchenne and Becker muscular dystrophy.
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As a biopharmaceutical company focused on developing therapies for musculoskeletal diseases, Edgewise Therapeutics (EWTX) is currently in the clinical development stage. Its lead product candidate, EDG-5506, has completed Phase 1 clinical trials.
Since the company's therapeutic products are still under development and have not yet been commercialized or approved for sale, Edgewise Therapeutics does not currently have major customers that purchase its products.
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- Lonza Ltd. (LONN)
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Kevin Koch, Ph.D. President and Chief Executive Officer
Dr. Koch has served as President, Chief Executive Officer, and a member of Edgewise Therapeutics' board of directors since 2017. He brings over 30 years of experience in the life science industry, focusing on drug discovery, translational medicine, and clinical development. Since 2016, Dr. Koch has also been a Venture Partner with OrbiMed, a healthcare-focused investment firm. Previously, he was the Senior Vice President of Drug Discovery, Chemical and Molecular Therapeutics at Biogen, where he managed global drug discovery and biomarker development.
Michael Nofi Chief Financial Officer
Mr. Nofi was appointed Chief Financial Officer of Edgewise Therapeutics on November 10, 2025. Before joining Edgewise, he served as Chief Accounting Officer (CAO) at SpringWorks Therapeutics, Inc. Prior to his role at SpringWorks, Mr. Nofi was the CAO and Vice President of Global Accounting and Corporate FP&A at The Nature's Bounty Co. His career also includes senior finance positions at Acorda Therapeutics, Allergan plc, and Forest Laboratories.
Alan Russell, Ph.D. Co-Founder and Chief Scientific Officer
Dr. Russell is a co-founder of Edgewise Therapeutics and serves as its Chief Scientific Officer and a member of the board of directors.
Joanne M. Donovan, M.D., Ph.D. Chief Medical Officer
Dr. Donovan was appointed Chief Medical Officer of Edgewise Therapeutics in April 2021. She has extensive experience in the biotechnology industry, having previously served as Chief Medical Officer and Senior Vice President, Clinical Development at Catabasis Pharmaceuticals, where she led clinical development for Duchenne muscular dystrophy from first-in-human through Phase 3 studies. Dr. Donovan also held various positions, including Vice President of Clinical Development, at Genzyme, a company she joined through its acquisition of GelTex Pharmaceuticals. She is also a staff physician at the VA Boston Healthcare System and an Associate Clinical Professor of Medicine at Harvard Medical School.
Behrad Derakhshan, Ph.D. Chief Operating Officer
Dr. Derakhshan was promoted to Chief Operating Officer in January 2025, having previously served as Chief Business Officer since joining Edgewise in 2020. In his roles, he has been responsible for strategic planning, business development, capital formation, investor relations, corporate communications, and commercial planning. Dr. Derakhshan played a key role in the company's initial public offering and in securing several additional funding rounds.
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The key risks for Edgewise Therapeutics (EWTX) are primarily associated with the inherent challenges of developing and commercializing biopharmaceutical products, particularly for a clinical-stage company with no approved products on the market.
- Clinical Trial and Regulatory Approval Risk: As a biopharmaceutical company, Edgewise Therapeutics' success is heavily dependent on the successful development, clinical trials, and regulatory approval of its product candidates, especially sevasemten (formerly EDG-5506) for muscular dystrophies and EDG-7500 for hypertrophic cardiomyopathy. The clinical development process is lengthy, expensive, and its outcome is uncertain. There is no assurance that clinical trials will demonstrate the necessary safety and efficacy to satisfy regulatory authorities like the FDA or EMA, or that they will produce positive results. For example, while promising long-term results have been reported for sevasemten in Becker muscular dystrophy, top-line results from the pivotal GRAND CANYON study are still pending in Q4 2026. Failures at any stage of clinical development, including unexpected adverse events such as the atrial fibrillation risk noted for EDG-7500, could delay or prevent regulatory approval and commercialization, substantially harming the business.
- Financial Risk and Lack of Approved Products: Edgewise Therapeutics is an early-stage company without any approved products for commercial sale, meaning it currently generates no revenue. The company has a limited operating history and incurs significant net losses, primarily due to high research and development expenses, such as the full-year 2025 net loss of $167.8 million. This financial profile complicates the evaluation of its business viability. The company is continuously burning cash and relies on securing additional capital through equity or debt offerings to fund its ongoing operations, clinical advancements, and future commercialization activities. Fluctuations in the availability of capital due to macroeconomic events could impact its ability to raise necessary funds.
- Dependence on Third Parties for Clinical Trials and Manufacturing: Edgewise Therapeutics relies on third parties for conducting its clinical trials and for manufacturing its product candidates. There is an operational risk that these third parties may not perform satisfactorily, which could lead to delays in development or commercialization efforts. Any issues with the production of drugs by third-party manufacturers or changes in manufacturing methods or formulations could also pose significant challenges.
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Edgewise Therapeutics' lead product candidate, EDG-5506, targets Duchenne muscular dystrophy (DMD) and Becker muscular dystrophy (BMD).
Duchenne Muscular Dystrophy (DMD)
- The global Duchenne muscular dystrophy drugs market size was estimated at USD 3.47 billion in 2023 and is projected to reach USD 9.91 billion by 2030.
- Another estimate places the global DMD drugs market at USD 2.3 billion in 2023, with an expected increase to USD 5.5 billion by 2032.
- The Duchenne muscular dystrophy market size in the seven major markets (7MM: US, France, Germany, Italy, Spain, UK, and Japan) was around USD 2,150 million in 2023.
- The United States accounts for the largest Duchenne muscular dystrophy market size, at approximately USD 1,900 million in 2023. North America dominated the global Duchenne muscular dystrophy drugs market with a 45.0% revenue share in 2023.
Becker Muscular Dystrophy (BMD)
- The global Becker muscular dystrophy treatment market size was valued at USD 1.92 billion in 2024 and is expected to reach USD 2.83 billion by 2032.
- The Becker muscular dystrophy market across the top 7 markets (US, EU4, UK, and Japan) reached a value of USD 880.6 million in 2024 and is expected to reach USD 1,355.1 million by 2035.
- In 2024, the United States accounted for the largest Becker Muscular Dystrophy market size compared to EU4, the UK, and Japan. North America dominated the Becker muscular dystrophy treatment market with the largest revenue share of 42.8% in 2024.
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Edgewise Therapeutics (EWTX) is a biopharmaceutical company focused on developing therapies for musculoskeletal diseases and serious cardiac conditions. The company's future revenue growth over the next 2-3 years is anticipated to be driven by the following key factors:
- Commercialization of Sevasemten (EDG-5506) for Becker Muscular Dystrophy: Edgewise Therapeutics expects to announce top-line data from the pivotal GRAND CANYON study for sevasemten in Becker muscular dystrophy in the fourth quarter of 2026. A New Drug Application (NDA) submission for sevasemten in Becker is planned for the first half of 2027, with a potential commercial launch anticipated by the fourth quarter of 2027 and the first full year of revenue in 2028. Sevasemten has received Fast Track designation from the U.S. Food and Drug Administration (FDA) for Becker muscular dystrophy, and analysts project significant revenue in 2027 and 2028 if commercialized successfully. The market potential for this program is estimated at $5 billion.
- Advancement of Sevasemten (EDG-5506) for Duchenne Muscular Dystrophy: The company has reported positive results from its Phase 2 Duchenne trials (LYNX and FOX) for sevasemten. Edgewise plans to initiate a pivotal Phase 3 study for Duchenne muscular dystrophy in 2026. EDG-5506 has already been granted Fast Track, Orphan Drug, and Rare Pediatric Disease designations by the FDA for Duchenne muscular dystrophy, which could expedite its development and review process.
- Progression of EDG-7500 for Hypertrophic Cardiomyopathy (HCM): Edgewise Therapeutics anticipates reporting 12-week Part D data from the Phase 2 CIRRUS-HCM study for EDG-7500 in the first half of 2026. These results are expected to inform the design and initiation of Phase 3 trials in both obstructive and nonobstructive HCM in the fourth quarter of 2026. EDG-7500 is considered a differentiated treatment with a potential market size of $10 billion.
- Development of EDG-15400 for Heart Failure with Preserved Ejection Fraction (HFpEF): The company expects to announce top-line results from its Phase 1 healthy adult trial of EDG-15400 in the first half of 2026. Following this, Edgewise plans to initiate a Phase 2 trial for EDG-15400 in participants with heart failure with preserved ejection fraction (HFpEF) in the second half of 2026.
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Capital Allocation Decisions for Edgewise Therapeutics (EWTX)
Share Issuance
- Edgewise Therapeutics secured $240 million in funding in November 2024, representing a significant share issuance.
- The number of outstanding shares increased by 11.38% in the year leading up to early 2026.
- The company became public through an Initial Public Offering (IPO) in 2021.
Inbound Investments
- Edgewise Therapeutics received $240 million in funding in November 2024, intended to advance its pipeline of novel treatments and clinical trials for muscle diseases.
Capital Expenditures
- Capital expenditures totaled approximately $256,000 over the 12 months ending in early 2026.
- The company reported capital expenditures of $73,000 in the fourth quarter of 2025.
- Capital is primarily focused on supporting ongoing clinical trials and near-term development plans for its muscular dystrophy and cardiovascular programs.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 35.06 |
| Mkt Cap | 4.4 |
| Rev LTM | 65 |
| Op Inc LTM | -335 |
| FCF LTM | -300 |
| FCF 3Y Avg | -414 |
| CFO LTM | -295 |
| CFO 3Y Avg | -327 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 355.2% |
| Rev Chg 3Y Avg | 164.8% |
| Rev Chg Q | 66.8% |
| QoQ Delta Rev Chg LTM | 15.5% |
| Op Inc Chg LTM | -13.2% |
| Op Inc Chg 3Y Avg | -20.4% |
| Op Mgn LTM | -201.3% |
| Op Mgn 3Y Avg | -280.3% |
| QoQ Delta Op Mgn LTM | 30.0% |
| CFO/Rev LTM | -177.6% |
| CFO/Rev 3Y Avg | -248.4% |
| FCF/Rev LTM | -184.6% |
| FCF/Rev 3Y Avg | -251.6% |
Segment Financials
Operating Income by Segment| $ Mil | 2025 | 2024 |
|---|---|---|
| Discovery, development, and manufacture of drug products for the treatment of various muscular | -191 | -159 |
| Total | -191 | -159 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Discovery, development, and manufacture of drug products for the treatment of various muscular | -168 | -134 |
| Total | -168 | -134 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Discovery, development, and manufacture of drug products for the treatment of various muscular | 487 | 340 | 367 | 285 | 131 |
| Total | 487 | 340 | 367 | 285 | 131 |
Price Behavior
| Market Price | $46.30 | |
| Market Cap ($ Bil) | 5.0 | |
| First Trading Date | 03/26/2021 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $35.06 | $27.46 |
| DMA Trend | up | up |
| Distance from DMA | 32.0% | 68.6% |
| 3M | 1YR | |
| Volatility | 74.7% | 75.3% |
| Downside Capture | 74.83 | 13.45 |
| Upside Capture | 180.88 | 160.97 |
| Correlation (SPY) | 22.4% | 19.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.00 | 1.31 | 1.29 | 1.08 | 1.18 | 1.42 |
| Up Beta | -0.19 | 0.63 | 0.98 | 1.80 | 1.57 | 1.38 |
| Down Beta | 1.76 | 0.82 | 0.49 | 1.07 | 1.18 | 1.53 |
| Up Capture | 229% | 268% | 191% | 139% | 213% | 418% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 16 | 27 | 58 | 120 | 371 |
| Down Capture | 8% | 93% | 156% | 30% | 42% | 104% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 25 | 36 | 67 | 130 | 376 |
[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 EWTX | |
|---|---|---|---|---|
| EWTX | 269.1% | 75.2% | 2.04 | - |
| Sector ETF (XLV) | 22.5% | 15.7% | 1.09 | 19.3% |
| Equity (SPY) | 21.2% | 12.5% | 1.26 | 18.8% |
| Gold (GLD) | 21.9% | 27.8% | 0.70 | 5.9% |
| Commodities (DBC) | 25.0% | 18.7% | 1.06 | 3.0% |
| Real Estate (VNQ) | 12.7% | 13.9% | 0.62 | 9.3% |
| Bitcoin (BTCUSD) | -41.4% | 42.8% | -1.13 | 9.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EWTX | |
|---|---|---|---|---|
| EWTX | 16.6% | 81.6% | 0.54 | - |
| Sector ETF (XLV) | 6.8% | 14.9% | 0.27 | 24.0% |
| Equity (SPY) | 13.2% | 17.1% | 0.60 | 28.6% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 4.5% |
| Commodities (DBC) | 7.8% | 19.5% | 0.30 | 2.2% |
| Real Estate (VNQ) | 2.8% | 18.9% | 0.05 | 21.0% |
| Bitcoin (BTCUSD) | 12.1% | 53.5% | 0.41 | 9.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EWTX | |
|---|---|---|---|---|
| EWTX | 4.8% | 81.0% | 0.45 | - |
| Sector ETF (XLV) | 10.9% | 16.6% | 0.54 | 23.7% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 28.0% |
| Gold (GLD) | 11.5% | 16.1% | 0.58 | 4.5% |
| Commodities (DBC) | 6.4% | 18.0% | 0.28 | 2.4% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 20.2% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 8.3% |
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Earnings Returns History
Updated 6/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -3.8% | -8.7% | -3.8% |
| 2/26/2026 | -1.5% | -4.1% | 5.1% |
| 11/6/2025 | -1.6% | 21.9% | 35.6% |
| 8/7/2025 | -4.2% | 1.6% | 15.2% |
| 5/8/2025 | 1.2% | 0.2% | 5.0% |
| 3/3/2025 | -2.4% | 7.0% | -15.9% |
| 11/7/2024 | -3.2% | -9.2% | -11.0% |
| 8/8/2024 | 2.0% | 7.4% | 10.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 12 | 8 |
| # Negative | 14 | 9 | 13 |
| Median Positive | 4.6% | 6.7% | 11.6% |
| Median Negative | -2.8% | -6.3% | -8.3% |
| Max Positive | 10.3% | 21.9% | 35.6% |
| Max Negative | -7.3% | -15.4% | -31.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -3.8% | -8.7% | -3.8% |
| 2/26/2026 | -1.5% | -4.1% | 5.1% |
| 11/6/2025 | -1.6% | 21.9% | 35.6% |
| 8/7/2025 | -4.2% | 1.6% | 15.2% |
| 5/8/2025 | 1.2% | 0.2% | 5.0% |
| 3/3/2025 | -2.4% | 7.0% | -15.9% |
| 11/7/2024 | -3.2% | -9.2% | -11.0% |
| 8/8/2024 | 2.0% | 7.4% | 10.3% |
| 5/9/2024 | -4.3% | -15.4% | -15.5% |
| 2/22/2024 | -0.7% | -4.9% | -3.5% |
| 11/9/2023 | -7.3% | 6.3% | 13.0% |
| 8/10/2023 | 3.9% | 11.4% | -3.4% |
| 5/11/2023 | -4.0% | -6.3% | -2.8% |
| 2/23/2023 | -2.0% | -2.7% | -31.2% |
| 11/3/2022 | 6.8% | 0.0% | -5.7% |
| 8/4/2022 | 10.3% | 13.4% | 14.3% |
| 5/11/2022 | -3.8% | 0.4% | -12.2% |
| 2/24/2022 | 4.6% | 1.7% | -14.6% |
| 11/10/2021 | -2.2% | -0.1% | -3.2% |
| 8/9/2021 | -2.2% | -10.6% | -8.3% |
| 5/13/2021 | 10.0% | 12.5% | 3.3% |
| SUMMARY STATS | |||
| # Positive | 7 | 12 | 8 |
| # Negative | 14 | 9 | 13 |
| Median Positive | 4.6% | 6.7% | 11.6% |
| Median Negative | -2.8% | -6.3% | -8.3% |
| Max Positive | 10.3% | 21.9% | 35.6% |
| Max Negative | -7.3% | -15.4% | -31.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 03/26/2021 | 424B4 |
Insider Activity
Updated 7/1/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Donovan, Joanne M | CMO | Direct | Sell | 5042026 | 38.57 | 50,000 | 1,928,400 | 168,426 | Form |
| 2 | Donovan, Joanne M | CMO | Direct | Sell | 5042026 | 31.29 | 5,230 | 163,663 | 136,657 | Form |
| 3 | Donovan, Joanne M | CMO | Direct | Sell | 4012026 | 32.31 | 28,662 | 926,095 | 310,088 | Form |
| 4 | Donovan, Joanne M | CMO | Direct | Sell | 3302026 | 30.98 | 16,358 | 506,735 | 297,294 | Form |
| 5 | Edris, Badreddin | Direct | Sell | 1212026 | 29.44 | 115,471 | 3,399,466 | 583,501 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Donovan, Joanne M | CMO | Direct | Sell | 5042026 | 38.57 | 50,000 | 1,928,400 | 168,426 | Form |
| 2 | Donovan, Joanne M | CMO | Direct | Sell | 5042026 | 31.29 | 5,230 | 163,663 | 136,657 | Form |
| 3 | Donovan, Joanne M | CMO | Direct | Sell | 4012026 | 32.31 | 28,662 | 926,095 | 310,088 | Form |
| 4 | Donovan, Joanne M | CMO | Direct | Sell | 3302026 | 30.98 | 16,358 | 506,735 | 297,294 | Form |
| 5 | Edris, Badreddin | Direct | Sell | 1212026 | 29.44 | 115,471 | 3,399,466 | 583,501 | Form | |
| 6 | Russell, Alan J | Chief Scientific Officer | Direct | Sell | 11132025 | 21.12 | 100,000 | 2,112,450 | 494,313 | Form |
| 7 | Fox, Jonathan C | Direct | Buy | 11132025 | 18.64 | 10,700 | 199,403 | 441,706 | Form | |
| 8 | Russell, Alan J | Chief Scientific Officer | Direct | Sell | 8282025 | 14.60 | 100,000 | 1,459,760 | 341,584 | Form |
| 9 | Moore, John R | General Counsel | Direct | Sell | 8142025 | 13.39 | 2,098 | 28,097 | 136,790 | Form |
| 10 | Derakhshan, Behrad | Chief Business Officer | Direct | Sell | 8142025 | 13.39 | 2,491 | 33,360 | 316,663 | Form |
| 11 | Carruthers, R Michael | Chief Financial Officer | Direct | Sell | 8142025 | 13.39 | 1,428 | 19,124 | 1,153,916 | Form |
| 12 | Russell, Alan J | Chief Scientific Officer | Direct | Sell | 8142025 | 13.39 | 1,907 | 25,539 | 313,382 | Form |
| 13 | Koch, Kevin | President and CEO | Direct | Sell | 8142025 | 13.39 | 7,972 | 106,764 | 410,008 | Form |
| 14 | Donovan, Joanne M | CMO | Direct | Sell | 8142025 | 13.39 | 2,862 | 38,329 | 339,645 | 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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