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NextCure, Inc. (NXTC)

USD6.63 +0.05 (+0.76%)
US NASDAQ Healthcare Biotechnology
Address 9000 Virginia Manor Road 20705
Beltsville, MD, US
CEO Michael S. Richman
IPO 2019-05-09
CIK 1661059 ISIN US65343E2072

Explore sections of this company profile

Description

NextCure, Inc. is a clinical-stage biopharmaceutical firm dedicated to discovering and advancing innovative immunotherapies. Its core mission is to combat cancer and various other immune-related conditions by reactivating normal immune system function. The company's leading investigational compound, NC318, is currently in Phase II clinical trials, focusing on the treatment of advanced or metastatic solid tumors. Additionally, NextCure is progressing NC410 through Phase I studies; this novel immunomedicine is engineered to counteract immune suppression mediated by Leukocyte-Associated Immunoglobulin-like Receptor 1 (LAIR-1). Another asset, NC762, is an immunotherapeutic designed to target the human B7 homolog 4 protein (B7-H4). Furthermore, NC525, a distinct LAIR-1 antibody, is undergoing preclinical assessment for its potential efficacy against acute myeloid leukemia, specifically targeting blast cells and leukemic stem cells. Beyond these specific pipeline candidates, NextCure's broader research and development efforts encompass the preclinical evaluation of other promising immunomodulatory antibodies and molecules. The company operates under a licensing agreement with Yale University. NextCure, Inc. was established in 2015 and maintains its corporate headquarters in Beltsville, Maryland.

News Sentiment (7d)
79 Positive

Based on only 1 article — low confidence

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD6.63 +0.05 (+0.76%)
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Volume Profile
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Liquidity & share structure
Average Volume
100.5K
Beta
1.30
Float Shares
1.60M
Free Float %
59.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.20% -8.26% -15.98% -26.13% +5.27% -31.08% +87.72% -52.62% -89.81% -95.90% -95.90%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (13 ratings, all time) Buy
Price Targets & DCF
Current price
6.63
Low 15.00 +126.2%
Consensus 15.00 +126.2%
Median 15.00 +126.2%
High 15.00 +126.2%
DCF (Unlevered) 7.07 +6.6%
DCF (Levered) 7.68 +15.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year 1
15.00
+126.2%
All Time 3
8.00
+20.7%
Quality scores
Altman Z-Score
-19.10
Distress
Piotroski F-Score
1 / 9
Weak
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
  • EPS growth Biotechnology: +29.7%
    +17.7% Q1'26: +60.2% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
  • EBIT margin Biotechnology: +0.0%
  • ROIC Biotechnology: -16.1%
    Q1'26: -4,744.1% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +22.0% Q1'26: +124.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    -0.07× Q1'26: -0.10× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.43) × ERP
WACC = 87% × Ke + 13% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 7.07 Current price: 6.63
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
2 EPS Ana.
Dec 2027
3 Rev. Ana.
2 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
6.35M
est: 5.05M (+25.8%)
22.38M
est: 22.34M (+0.2%)
3.30M
3.30M – 3.30M
7.00M
7.00M – 7.00M
+112.1% YoY
10.30M
10.30M – 10.30M
+47.1% YoY
22.60M
22.60M – 22.60M
+119.4% YoY
39.70M
39.70M – 39.70M
+75.7% YoY
EBITDA
-34.79M
est: 3.03M (-1,249.5%)
-37.81M
est: 13.40M (-382.1%)
-54.34M
-55.43M
— – —
— – —
— – —
— – —
— – —
EBIT
-37.48M
est: 3.03M (-1,338.3%)
-41.23M
est: 13.40M (-407.5%)
-57.21M
-57.62M
— – —
— – —
— – —
— – —
— – —
Net Income
-33.74M
est: -56.77M (+40.6%)
-36.60M
est: -37.44M (+2.2%)
-55.65M
est: -53.96M (-3.1%)
-55.84M
est: -55.84M (+0.0%)
-22.48M
-24.81M – -20.15M
+59.7% YoY
-27.78M
-33.26M – -22.31M
-23.6% YoY
-9.49M
-9.49M – -9.49M
+65.8% YoY
-6.51M
-6.51M – -6.51M
+31.4% YoY
-625.3K
-625.3K – -625.3K
+90.4% YoY
SGA
9.61M
est: 4.80M (+100.1%)
17.05M
est: 21.28M (-19.9%)
15.72M
12.69M
— – —
— – —
— – —
— – —
— – —
EPS
-25.79
est: -24.36 (-5.9%)
-15.95
est: -16.07 (+0.7%)
-23.88
est: -23.28 (-2.6%)
-19.65
est: -17.63 (-11.5%)
-7.91
-8.73 – -7.09
+55.1% YoY
-9.78
-11.70 – -7.85
-23.6% YoY
-3.34
-3.34 – -3.34
+65.8% YoY
-2.29
-2.29 – -2.29
+31.4% YoY
-0.22
-0.22 – -0.22
+90.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-05 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-05-04 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-05-01 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-04-24 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-20 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-49.98M
OE per share TTM
-16.63
Owner's Yield
-93.71%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
302.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
24
Total invested
26.93M
Insider transactions (90d)
0
Beneficial owners (>5%)
35
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 OrbiMed Advisors LLC 2.71M 8.40% 2.71M 10.00 IA Delaware 2019-05-21
2 OrbiMed Capital GP VI LLC 2.71M 8.40% 2.71M 10.00 OO Delaware 2019-05-21
3 Arsani William 2.50M 11.00% 2.50M 2.50M HC, IN United States 2024-11-14
4 Logos GP LLC 2.50M 11.00% 2.50M 2.50M OO Delaware 2024-11-14
5 Logos Global Management GP LLC 2.50M 11.00% 2.50M 2.50M HC, OO Delaware 2024-11-14
6 Logos Global Management LP 2.50M 11.00% 2.50M 2.50M IA, PN Delaware 2024-11-14
7 Logos Global Master Fund LP 2.50M 11.00% 2.50M 2.50M PN Cayman Islands 2024-11-14
8 10. 2.25M 8.20% 2.25M 2.25M OO Cayman Islands 2020-02-06
9 Yi Shi 1.70M 6.20% 1.70M 1.70M IN United States 2022-02-09
10 S 1.67M 5.98% 1.67M 1.67M IA Delaware 2024-06-27
11 ( 82-5524518 1.64M 7.20% 1.64M OO Delaware 2019-05-22
12 Israel A. Englander 1.45M 5.20% 1.45M 1.45M IN 2023-01-24
13 Millennium Group Management LLC 1.45M 5.20% 1.45M 1.45M OO 2023-01-24
14 Millennium Management LLC 1.45M 5.20% 1.45M 1.45M OO 2023-01-24
15 Dr. Jeffrey R. Jay, M.D. 1.38M 5.00% 1.38M HC, IN USA 2020-02-21
16 Great Point Partners, LLC 1.38M 5.00% 1.38M IA, OO USA 2020-02-21
17 Mr. David Kroin 1.38M 5.00% 1.38M HC, IN USA 2020-02-21
18 Shi 1.21M 7.80% 2.09M 2.09M IN States 2020-02-13
19 (1) BlackRock, Inc. 1.20M 3.20% 1.11M 1.20M HC Delaware 2021-07-12
20 Bihua Chen 1.20M 5.27% 1.20M IN Cayman Islands 2019-11-18
21 Cormorant Asset Management, LP 1.20M 5.27% 1.20M PN Cayman Islands 2019-11-18
22 Biosciences Fund III, L.P. (“BIOIII”) 1.14M 4.20% 1.14M 1.14M 1.14M 1.14M PN Islands 2020-02-13
23 LAV Biosciences Fund III, L.P. (“BIOIII”) 1.14M 4.10% 1.14M 1.14M 1.14M 1.14M PN Cayman Islands 2022-02-09
24 Cormorant Global Healthcare GP, LLC 1.13M 4.95% 1.13M OO Cayman Islands 2019-11-18
25 Cormorant Global Healthcare Master Fund, LP 1.13M 4.95% 1.13M PN Cayman Islands 2019-11-18
26 Asia Ventures Fund III, L.P. (“FUNDIII”) 568.1K 2.10% 568.1K 568.1K 568.1K 568.1K PN Islands 2020-02-13
27 Lilly Asia Ventures Fund III, L.P. (“FUNDIII”) 568.1K 2.10% 568.1K 568.1K 568.1K 568.1K PN Cayman Islands 2022-02-09
28 Morgan Stanley 399.9K 1.40% 373.9K 399.9K HC, CO Delaware. 2021-05-10
29 Morgan Stanley Capital Services LLC 372.8K 1.40% 372.8K 372.8K CO Delaware. 2021-05-10
30 Biosciences Fund V sub A, L.P. (“FUNDVSUBA”) 274.6K 1.00% 274.6K 274.6K 274.6K 274.6K PN States 2020-02-13
31 Opportunity Limited (“LAVO”) 109.8K 0.40% 109.8K 109.8K 109.8K 109.8K OO Virgin Islands 2020-02-13
32 2. 10.00 4.90% 1.12M HC, PN Delaware 2019-05-17
33 LAV Biosciences Fund V sub A, L.P. (“FUNDVSUBA”) 0.00% PN United States 2022-02-09
34 LAV Opportunity Limited (“LAVO”) 0.00% OO British Virgin Islands 2022-02-09
35 Lord, Abbett & Co. LLC 0.00% IA Delaware 2021-02-12

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2025 Q4
Investors holding
24
+7 vs prev Q
New positions
9
Closed positions
2
Increased
14
Reduced
3
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 BARCLAYS PLC -67.5K (-100.0%) -92.5K (-100.0%) 0.00% -2.843 pp 0.00% +0.000 pp USD 27 qtrs SOLD
2 CARDIFF PARK ADVISORS, LLC -21.8K (-100.0%) -127.9K (-100.0%) 0.00% -0.919 pp 0.00% -0.010 pp USD 8 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 15 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Micro-Cap ETF IWC 0.00% 19.4K 0.60%
2 Vanguard Extended Market ETF VXF 0.00% 203.4K 0.05%
3 Dimensional - US Core Equity 1 ETF DCOR 0.00% 1.7K 0.14%
4 Vanguard U.S. Total Market Shares Index ETF VTS.AX 0.00% 1.6K 0.03%
5 Vanguard U.S. Total Market Index ETF VUN.TO 0.00% 4.4K 0.17%
6 Vanguard U.S. Total Market Index ETF (CAD-hedged) VUS.TO 0.00% 328.55 0.17%
7 Vanguard Total Stock Market ETF VTI 0.00% 760.2K 0.03%
8 U.S. Micro Cap Portfolio ETF DFMC 0.00% 1.3K 0.43%
9 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 1.7K 0.22%
10 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 906.75 0.22%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
6
Sells
0
Shares acquired
121.6K
Shares disposed
Cash buys
Cash sales
Net activity
+121,550
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-01-30 Shaw Kevin G. Officer A-Award A Employee Stock Option (Right to Buy) 8,270 10.85 89.7K 8,270 D
2026-01-30 Richman Michael Director / Officer A-Award A Employee Stock Option (Right to Buy) 38,190 10.85 414.4K 38,190 D
2026-01-30 Mayer Timothy Officer A-Award A Employee Stock Option (Right to Buy) 14,670 10.85 159.2K 14,670 D
2026-01-30 Kundu Sourav Officer A-Award A Employee Stock Option (Right to Buy) 8,270 10.85 89.7K 8,270 D
2026-01-30 Guha Udayan Officer A-Award A Employee Stock Option (Right to Buy) 14,670 10.85 159.2K 14,670 D
2026-01-30 Cobourn Steven P. Officer A-Award A Employee Stock Option (Right to Buy) 14,670 10.85 159.2K 14,670 D
2025-06-20 Webster Stephen W Director A-Award A Stock Option (Right to Buy) 18,700 0.47 8.8K 18,700 D
2025-06-20 Simcere Zaiming, Inc. 10% Owner Common Stock 0 0.00 338,636 I
2025-06-20 KABAKOFF DAVID S Director A-Award A Stock Option (Right to Buy) 28,050 0.47 13.2K 28,050 D
2025-06-20 Jones Elaine V Director A-Award A Stock Option (Right to Buy) 18,700 0.47 8.8K 18,700 D
2025-06-20 Houston John G Director A-Award A Stock Option (Right to Buy) 18,700 0.47 8.8K 18,700 D
2025-06-20 Feigal Ellen Director A-Award A Stock Option (Right to Buy) 18,700 0.47 8.8K 18,700 D
2025-06-20 Borgman Anne Elizabeth Director A-Award A Stock Option (Right to Buy) 18,700 0.47 8.8K 18,700 D
2025-02-01 Guha Udayan Officer Employee Stock Option (Right to Buy) 66,125 1.22 80.7K 0 D
2025-01-31 Shaw Kevin G. Officer A-Award A Employee Stock Option (Right to Buy) 66,125 0.80 53.2K 66,125 D
2025-01-31 Richman Michael Director / Officer A-Award A Employee Stock Option (Right to Buy) 305,500 0.80 245.9K 305,500 D
2025-01-31 Mayer Timothy Officer A-Award A Employee Stock Option (Right to Buy) 117,375 0.80 94.5K 117,375 D
2025-01-31 Langermann Sol Officer A-Award A Employee Stock Option (Right to Buy) 117,375 0.80 94.5K 117,375 D
2025-01-31 Kundu Sourav Officer A-Award A Employee Stock Option (Right to Buy) 66,125 0.80 53.2K 66,125 D
2025-01-31 Cobourn Steven P. Officer A-Award A Employee Stock Option (Right to Buy) 117,375 0.80 94.5K 117,375 D
2024-06-20 Webster Stephen W Director A-Award A Stock Option (Right to Buy) 18,700 1.50 28.1K 18,700
2024-06-20 KABAKOFF DAVID S Director A-Award A Stock Option (Right to Buy) 28,050 1.50 42.1K 28,050
2024-06-20 Jones Elaine V Director A-Award A Stock Option (Right to Buy) 18,700 1.50 28.1K 18,700
2024-06-20 Houston John G Director A-Award A Stock Option (Right to Buy) 18,700 1.50 28.1K 18,700
2024-06-20 Feigal Ellen Director A-Award A Stock Option (Right to Buy) 18,700 1.50 28.1K 18,700
2024-06-20 Borgman Anne Elizabeth Director A-Award A Stock Option (Right to Buy) 18,700 1.50 28.1K 18,700
2024-03-29 Shaw Kevin G. Officer A-Award A Employee Stock Option (Right to Buy) 93,900 2.23 209.4K 93,900
2024-03-29 Richman Michael Director / Officer A-Award A Employee Stock Option (Right to Buy) 244,400 2.23 545.0K 244,400
2024-03-29 Myint Han Officer A-Award A Employee Stock Option (Right to Buy) 93,900 2.23 209.4K 93,900
2024-03-29 Mayer Timothy Officer A-Award A Employee Stock Option (Right to Buy) 93,900 2.23 209.4K 93,900
2024-03-29 Langermann Sol Officer A-Award A Employee Stock Option (Right to Buy) 93,900 2.23 209.4K 93,900
2024-03-29 Kundu Sourav Officer A-Award A Employee Stock Option (Right to Buy) 52,900 2.23 118.0K 52,900
2024-03-29 Cobourn Steven P. Officer A-Award A Employee Stock Option (Right to Buy) 93,900 2.23 209.4K 93,900
2024-01-31 Shaw Kevin G. Officer A-Award A Employee Stock Option (Right to Buy) 66,125 1.22 80.7K 66,125
2024-01-31 Richman Michael Director / Officer A-Award A Employee Stock Option (Right to Buy) 305,500 1.22 372.7K 305,500
2024-01-31 Myint Han Officer A-Award A Employee Stock Option (Right to Buy) 117,375 1.22 143.2K 117,375
2024-01-31 Mayer Timothy Officer A-Award A Employee Stock Option (Right to Buy) 117,375 1.22 143.2K 117,375
2024-01-31 Langermann Sol Officer A-Award A Employee Stock Option (Right to Buy) 117,375 1.22 143.2K 117,375
2024-01-31 Kundu Sourav Officer A-Award A Employee Stock Option (Right to Buy) 66,125 1.22 80.7K 66,125
2024-01-31 Cobourn Steven P. Officer A-Award A Employee Stock Option (Right to Buy) 117,375 1.22 143.2K 117,375
2023-06-22 Webster Stephen W Director A-Award A Stock Option (Right to Buy) 14,250 1.62 23.1K 14,250
2023-06-22 Nicholson Garry A Director A-Award A Stock Option (Right to Buy) 14,250 1.62 23.1K 14,250
2023-06-22 Khuong Chau Quang Director A-Award A Stock Option (Right to Buy) 14,250 1.62 23.1K 14,250
2023-06-22 KABAKOFF DAVID S Director A-Award A Stock Option (Right to Buy) 14,250 1.62 23.1K 14,250
2023-06-22 Jones Elaine V Director A-Award A Stock Option (Right to Buy) 14,250 1.62 23.1K 14,250
2023-06-22 Houston John G Director A-Award A Stock Option (Right to Buy) 14,250 1.62 23.1K 14,250
2023-06-22 Feigal Ellen Director A-Award A Stock Option (Right to Buy) 14,250 1.62 23.1K 14,250
2023-06-22 Borgman Anne Elizabeth Director A-Award A Stock Option (Right to Buy) 14,250 1.62 23.1K 14,250
2023-02-28 Shaw Kevin G. A-Award A Employee Stock Option (Right to Buy) 75,000 1.55 116.3K 75,000
2023-02-28 Richman Michael A-Award A Employee Stock Option (Right to Buy) 309,000 1.55 479.0K 309,000
2023-02-28 Myint Han A-Award A Employee Stock Option (Right to Buy) 135,000 1.55 209.3K 135,000
2023-02-28 Mayer Timothy A-Award A Employee Stock Option (Right to Buy) 135,000 1.55 209.3K 135,000
2023-02-28 Langermann Sol A-Award A Employee Stock Option (Right to Buy) 135,000 1.55 209.3K 135,000
2023-02-28 Kundu Sourav A-Award A Employee Stock Option (Right to Buy) 75,000 1.55 116.3K 75,000
2023-02-28 Cobourn Steven P. A-Award A Employee Stock Option (Right to Buy) 135,000 1.55 209.3K 135,000
2023-02-24 Shaw Kevin G. Officer 0 0.00 0
2022-06-23 Webster Stephen W Director A-Award A Stock Option (Right to Buy) 14,250 4.77 68.0K 14,250
2022-06-23 Nicholson Garry A Director A-Award A Stock Option (Right to Buy) 14,250 0.00 14,250
2022-06-23 Khuong Chau Quang Director A-Award A Stock Option (Right to Buy) 14,250 4.77 68.0K 14,250
2022-06-23 KABAKOFF DAVID S Director A-Award A Stock Option (Right to Buy) 14,250 0.00 14,250
2022-06-23 Jones Elaine V Director A-Award A Stock Option (Right to Buy) 14,250 4.77 68.0K 14,250
2022-06-23 Houston John G Director A-Award A Stock Option (Right to Buy) 14,250 4.77 68.0K 14,250
2022-06-23 Feigal Ellen Director A-Award A Stock Option (Right to Buy) 14,250 0.00 14,250
2022-06-23 Borgman Anne Elizabeth Director A-Award A Stock Option (Right to Buy) 14,250 0.00 14,250
2022-01-31 Richman Michael A-Award A Employee Stock Option (Right to Buy) 262,400 5.57 1.46M 262,400
2022-01-31 Myint Han A-Award A Employee Stock Option (Right to Buy) 103,600 5.57 577.1K 103,600
2022-01-31 Mayer Timothy Director / Officer A-Award A Employee Stock Option (Right to Buy) 131,200 5.57 730.8K 131,200
2022-01-31 Liu Linda A-Award A Employee Stock Option (Right to Buy) 65,600 5.57 365.4K 65,600
2022-01-31 Langermann Sol A-Award A Employee Stock Option (Right to Buy) 117,400 5.57 653.9K 117,400
2022-01-31 Kundu Sourav A-Award A Employee Stock Option (Right to Buy) 58,700 5.57 327.0K 58,700
2022-01-31 Cobourn Steven P. A-Award A Employee Stock Option (Right to Buy) 96,700 5.57 538.6K 96,700
2021-10-01 Feigal Ellen Director A-Award A Stock Option (Right to Buy) 10,384 7.56 78.5K 10,384
2021-10-01 Borgman Anne Elizabeth Director A-Award A Stock Option (Right to Buy) 28,500 7.56 215.5K 28,500
2021-07-15 Kundu Sourav Officer A-Award A Employee Stock Option (Right to Buy) 150,000 7.89 1.18M 150,000
2021-07-05 Kundu Sourav Officer 0 0.00 0
2021-06-24 Xu Stella Director A-Award A Stock Option (Right to Buy) 14,250 8.21 117.0K 14,250
2021-06-24 Webster Stephen W Director A-Award A Stock Option (Right to Buy) 14,250 8.21 117.0K 14,250
2021-06-24 Nicholson Garry A Director A-Award A Stock Option (Right to Buy) 14,250 8.21 117.0K 14,250
2021-06-24 Khuong Chau Quang Director A-Award A Stock Option (Right to Buy) 14,250 8.21 117.0K 14,250
2021-06-24 KABAKOFF DAVID S Director A-Award A Stock Option (Right to Buy) 14,250 8.21 117.0K 14,250
2021-06-24 Jones Elaine V Director A-Award A Stock Option (Right to Buy) 14,250 8.21 117.0K 14,250
2021-06-24 Houston John G Director A-Award A Stock Option (Right to Buy) 14,250 8.21 117.0K 14,250
2021-03-15 Richman Michael Officer A-Award A Employee Stock Option (Right to Buy) 300,000 12.59 3.78M 300,000
2021-03-15 Mayer Timothy Officer A-Award A Employee Stock Option (Right to Buy) 100,000 12.59 1.26M 100,000
2021-03-15 Liu Linda Officer A-Award A Employee Stock Option (Right to Buy) 100,000 12.59 1.26M 100,000
2021-03-15 Langermann Sol Officer A-Award A Employee Stock Option (Right to Buy) 100,000 12.59 1.26M 100,000
2021-03-15 Cobourn Steven P. Officer A-Award A Employee Stock Option (Right to Buy) 100,000 12.59 1.26M 100,000
2021-01-13 Myint Han Officer A-Award A Employee Stock Option (Right to Buy) 200,000 12.09 2.42M 200,000
2021-01-11 Myint Han Officer 0 0.00 0
2020-09-10 Houston John G Director A-Award A Stock Option (Right to Buy) 28,500 9.14 260.5K 28,500
2020-07-14 Heller Kevin N. Officer M-Exempt A Common Stock 27,229 1.77 48.2K 49,011
2020-06-11 Xu Stella Director A-Award A Stock Option (Right to Buy) 14,250 24.13 343.9K 14,250
2020-06-11 Webster Stephen W Director A-Award A Stock Option (Right to Buy) 14,250 24.13 343.9K 14,250
2020-06-11 Nicholson Garry A Director A-Award A Stock Option (Right to Buy) 16,083 24.13 388.1K 16,083
2020-06-11 Morrison Briggs Director A-Award A Stock Option (Right to Buy) 14,250 24.13 343.9K 14,250
2020-06-11 Li Judith Director A-Award A Stock Option (Right to Buy) 14,250 24.13 343.9K 14,250
2020-06-11 Khuong Chau Quang Director A-Award A Stock Option (Right to Buy) 14,250 24.13 343.9K 14,250
2020-06-11 KABAKOFF DAVID S Director A-Award A Stock Option (Right to Buy) 14,250 24.13 343.9K 14,250
2020-06-11 Jones Elaine V Director A-Award A Stock Option (Right to Buy) 14,250 24.13 343.9K 14,250
2020-03-25 Nicholson Garry A Director 0 0.00 0
2020-02-28 Richman Michael Director / Officer A-Award A Employee Stock Option (Right to Buy) 225,000 41.76 9.40M 225,000
2020-02-28 Mayer Timothy Officer A-Award A Employee Stock Option (Right to Buy) 78,200 41.76 3.27M 78,200
2020-02-28 Liu Linda Officer A-Award A Employee Stock Option (Right to Buy) 39,100 41.76 1.63M 39,100
2020-02-28 Langermann Sol Officer A-Award A Employee Stock Option (Right to Buy) 78,200 41.76 3.27M 78,200
2020-02-28 Heller Kevin N. Officer A-Award A Employee Stock Option (Right to Buy) 100,050 41.76 4.18M 100,050
2020-02-28 Cobourn Steven P. Officer A-Award A Employee Stock Option (Right to Buy) 78,200 41.76 3.27M 78,200
2020-02-28 Bingham James B. Officer A-Award A Employee Stock Option (Right to Buy) 78,200 41.76 3.27M 78,200
2019-11-27 Liu Linda Officer M-Exempt A Common Stock 20,745 1.21 25.1K 55,234
2019-11-15 Sofinnova Venture Partners IX, L.P. 10% Owner P-Purchase A Common Stock 150,000 36.75 5.51M 2,671,856
2019-06-13 Xu Stella Director A-Award A Stock Option (Right to Buy) 22,000 15.57 342.5K 22,000
2019-06-13 Webster Stephen W Director A-Award A Stock Option (Right to Buy) 22,000 15.57 342.5K 22,000
2019-06-13 SHANNON TIMOTHY M Director A-Award A Stock Option (Right to Buy) 22,000 15.57 342.5K 22,000
2019-06-13 Morrison Briggs Director A-Award A Stock Option (Right to Buy) 22,000 15.57 342.5K 22,000
2019-06-13 Li Judith Director A-Award A Stock Option (Right to Buy) 22,000 15.57 342.5K 22,000
2019-06-13 Khuong Chau Quang Director A-Award A Stock Option (Right to Buy) 22,000 15.57 342.5K 22,000
2019-06-13 KABAKOFF DAVID S Director A-Award A Stock Option (Right to Buy) 22,000 15.57 342.5K 22,000
2019-06-13 Jones Elaine V Director A-Award A Stock Option (Right to Buy) 22,000 15.57 342.5K 22,000
2019-05-13 Xu Stella Director C-Conversion D Series B-2 Preferred Stock 7,861,636 0.00 0
2019-05-13 Sofinnova Venture Partners IX, L.P. 10% Owner C-Conversion A Common Stock 469,713 0.00 2,121,856
2019-05-13 SHANNON TIMOTHY M Director C-Conversion D Series A-1 Preferred Stock 3,582,000 0.00 0
2019-05-13 ORBIMED ADVISORS LLC Director / 10% Owner P-Purchase A Common Stock 350,000 15.00 5.25M 2,711,013
2019-05-13 Khuong Chau Quang Director C-Conversion D Series A-2 Preferred Stock 5,970,000 0.00 0
2019-05-13 CANAAN X L.P. 10% Owner C-Conversion A Common Stock 743,110 0.00 1,188,976
2019-05-13 Alexandria Venture Investments, LLC 10% Owner C-Conversion D Series A-3 Preferred Stock 365,727 0.00 0
2019-05-08 Xu Stella Director / 10% Owner I Series B-2 Preferred Stock 978,570 0.00 0
2019-05-08 Webster Stephen W Director 0 0.00 0
2019-05-08 Sofinnova Venture Partners IX, L.P. 10% Owner D Series B-1 Preferred Stock 469,713 0.00 0
2019-05-08 SHANNON TIMOTHY M Director I Series A-3 Preferred Stock 729,599 0.00 0
2019-05-08 Richman Michael Director / Officer / 10% Owner D Common Stock 0 0.00 385,869
2019-05-08 ORBIMED ADVISORS LLC Director / 10% Owner I Series A-2 Preferred Stock 743,110 0.00 0
2019-05-08 Morrison Briggs Director D Employee Stock Option (Right to Buy) 7,468 1.21 9.0K 0
2019-05-08 Liu Linda Officer D Employee Stock Option (Right to Buy) 31,118 1.21 37.7K 0
2019-05-08 Li Judith Director 0 0.00 0
2019-05-08 Langermann Sol Officer D Common Stock 0 0.00 37,342
2019-05-08 Khuong Chau Quang Director I Series A-2 Preferred Stock 743,110 0.00 0
2019-05-08 KABAKOFF DAVID S Director D Employee Stock Option (Right to Buy) 37,342 7.63 284.9K 0
2019-05-08 Jones Elaine V Director 0 0.00 0
2019-05-08 Heller Kevin N. Officer D Common Stock 0 0.00 21,782
2019-05-08 Cobourn Steven P. Officer D Employee Stock Option (Right to Buy) 74,684 1.77 132.2K 0
2019-05-08 CANAAN X L.P. 10% Owner D Series A-3 Preferred Stock 729,599 0.00 0
2019-05-08 Bingham James B. Officer D Employee Stock Option (Right to Buy) 18,671 1.21 22.6K 0
2019-05-08 Alexandria Venture Investments, LLC 10% Owner D Series A-2 Preferred Stock 46,366 0.00 0

Executive team

Top executives
Shares Outstanding
2.68M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Michael Richman President and Chief Executive Officer 609.3K 189.2K 122.0K 21.3K 941.7K 20.09%
2 2025 Udayan Guha, M.D., Ph.D. Chief Medical Officer 474.2K 72.7K 76.2K 16.2K 639.2K 11.37%
3 2025 Timothy Mayer, Ph.D. Chief Operating Officer 468.4K 72.7K 75.1K 17.0K 633.2K 11.48%
4 2024 Michael Richman President and Chief Executive Officer 591.5K 658.2K 240.5K 20.7K 1.51M 43.56%
5 2024 Solomon Langermann, Ph.D. Chief Scientific Officer 463.3K 252.9K 150.8K 15.8K 882.8K 28.65%
6 2024 Han Myint, M.D., FACP former Chief Medical Officer 240.3K 252.9K 381.1K 874.3K 28.93%
7 2024 Timothy Mayer, Ph.D. Chief Operating Officer 454.7K 252.9K 148.0K 16.6K 872.2K 29.00%
8 2023 Michael Richman President and Chief Executive Officer 571.9K 346.2K 106.4K 20.1K 1.04M 33.14%
9 2023 Han Myint, M.D., FACP Chief Medical Officer 462.0K 151.3K 68.8K 15.9K 697.9K 21.67%
10 2023 Han Myint, M.D., FACP former Chief Medical Officer 462.0K 151.3K 68.8K 15.9K 697.9K 21.67%
11 2023 Sol Langerman. Ph.D. Chief Scientific Officer 448.2K 151.3K 66.7K 15.4K 681.6K 22.19%
12 2023 Solomon Langermann, Ph.D. Chief Scientific Officer 448.2K 151.3K 66.7K 15.4K 681.6K 22.19%
13 2022 Michael Richman President and Chief Executive Officer 549.4K 1.01M 151.3K 13.3K 1.72M 58.59%
14 2022 Sol Langermann, Ph.D. Chief Scientific Officer 432.2K 451.9K 95.3K 11.1K 990.5K 45.62%
15 2022 Sol Langerman. Ph.D. Chief Scientific Officer 432.2K 451.9K 95.3K 11.1K 990.5K 45.62%
16 2022 Han Myint, M.D., FACP Chief Medical Officer 445.4K 398.9K 98.2K 10.8K 953.3K 41.84%
17 2021 Michael Richman President and Chief Executive Officer 529.2K 2.60M 194.3K 3.0K 3.32M 78.13%
18 2021 Han Myint, M.D., FACP Chief Medical Officer 415.3K 75.0K 1.65M 119.6K 2.0K 2.26M 72.94%
19 2021 Sol Langermann, Ph.D. Chief Scientific Officer 406.4K 865.0K 119.7K 1.9K 1.39M 62.10%
20 2020 Michael Richman President and Chief Executive Officer 491.0K 5.84M 150.0K 3.0K 6.49M 90.08%
21 2020 Kevin Heller, M.D. Former Chief Medical Officer 237.7K 2.60M 1.9K 2.84M 91.56%
22 2020 Sol Langermann Chief Scientific Officer 372.7K 2.03M 78.8K 1.9K 2.48M 81.75%
23 2020 Sol Langermann, Ph.D. Chief Scientific Officer 372.7K 2.03M 78.8K 1.9K 2.48M 81.75%
24 2020 James B. Bingham, Ph.D. Chief Development Officer 340.8K 2.03M 73.5K 1.9K 2.45M 82.99%
25 2019 Michael Richman President and Chief Executive Officer 418.5K 204.0K 3.1K 625.7K 0.00%
26 2019 Michael Richman President and Chief Executive Officer 418.5K 204.0K 3.1K 625.7K 0.00%
27 2019 Kevin Heller, M.D. Former Chief Medical Officer 369.0K 133.5K 2.8K 505.3K 0.00%
28 2019 Sol Langermann Chief Scientific Officer 351.6K 106.0K 1.5K 459.1K 0.00%
29 2019 Sol Langermann Chief Scientific Officer 351.6K 106.0K 1.5K 459.1K 0.00%
30 2018 Michael Richman President and Chief Executive Officer 383.4K 1.96M 154.5K 493.00 2.50M 78.48%
31 2018 Sol Langermann Chief Scientific Officer 341.0K 455.0K 85.8K 493.00 882.3K 51.57%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-24 DEFA14A
2026-04-24 DEF 14A
2025-05-19 DEFA14A
2025-05-19 DEFA14A
2025-04-25 DEFA14A
2025-04-25 DEF 14A
2025-04-15 PRE 14A
2024-04-26 DEFA14A
2024-04-26 DEF 14A
2024-04-16 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-07 8-K
2026-05-07 10-Q
2026-05-06 SC 13G/A
2026-04-24 DEFA14A
2026-04-24 DEF 14A
2026-03-05 SC 13D/A
2026-03-05 8-K
2026-03-05 10-K
2026-02-17 SC 13G/A
2026-02-17 SC 13G

Executive team

NameTitleCompensationGender
Michael S. Richman MSBA Co-Founder, Chief Executive Officer, President & Director 752.5K male
Udayan Guha Chief Medical Officer 724.5K
Timothy Mayer Chief Operating Officer 560.5K
Steven Cobourn Chief Financial Officer 313.3K male
Sourav Kundu Senior Vice President of Development & Manufacturing male
Lieping Chen Co-Founder & Chairman of Scientific Advisory Board
Sebastien Maloveste Senior Vice President of Business Development
Kevin G. Shaw Senior Vice President & General Counsel male
ESG Rating
B
BIOTECHNOLOGY
2026
E (Environmental)
73.8 / 56.3
Company / Sector avg.
S (Social)
64.8 / 62.4
Company / Sector avg.
G (Governance)
65.0 / 60.9
Company / Sector avg.
ESG Total
67.9 / 59.9
Company / Sector avg.
ESG Score History BIOTECHNOLOGY
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits