Tourmaline Bio Inc (OQ:TRML)
Business Focus: Bio Therapeutic Drugs
Mixed as of April 01, 2024
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Latest 10 SEC Form 4 filings for TRML*US within the last 6 months
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Company News
Apr 02, 2024 07:00 ET
Avalo Therapeutics Appoints Biotech Leaders to Board of Directors
Avalo Therapeutics, Inc. (Nasdaq: AVTX) today announced the addition of multiple biotech leaders to its Board of Directors. The Avalo Board brings together a team with expertise spanning finance, business operations, drug discovery and clinical...
Mar 19, 2024 07:00 ET
Tourmaline Bio Reports Fourth Quarter and Full Year 2023 Financial Results and Recent Business Highlights
Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced its...
Valuation Ratios
Industry
Sector
Beta
N/A
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Price to Sales - TTM
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6.13
3.22
Price to Book - most recent quarter
1.56
2.13
2.10
Price to Cash Flow per share - TTM
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14.12
13.91
Price to Free Cash Flow per share - TTM
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19.18
23.90
Business Summary
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
Tourmaline Bio, Inc. is a late-stage clinical biotechnology company. The Company is focused on developing transformative medicines that improve the lives of patients with life-altering immune and inflammatory diseases. The Company's initial product candidate is TOUR006, a fully human monoclonal antibody that selectively binds to interleukin-6 (IL-6), a key proinflammatory cytokine involved in the pathogenesis of many autoimmune and inflammatory disorders. TOUR006 is a long-acting anti-IL-6 antibody which has properties, including a high binding affinity to IL-6, long half-life, and low observed immunogenicity. It is also developing TOUR006 in thyroid eye disease (TED) and atherosclerotic cardiovascular disease (ASCVD) as its first two indications, with additional diseases under consideration. It is focused on two strategic paths for TOUR006, the first of which it refers to as FcRn+. Its second strategic path is cardiovascular inflammation.
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