Alumis (ALMS)
Develops oral TYK2 therapies for immune-mediated diseases in the body and brain.
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Develops oral TYK2 inhibitors for immune-mediated disease, led by late-stage envudeucitinib for plaque psoriasis and lupus, with A-005 targeting CNS disorders. Revenue currently comes from the Kaken collaboration rather than product sales, and Japanese dermatology rights for envudeucitinib are licensed to that partner.
Develops targeted therapies for immune-mediated diseases using precision data analytics and clinical development. Lead asset envudeucitinib is an oral TYK2 inhibitor being prepared for a plaque-psoriasis regulatory submission after pivotal trials, while a separate study evaluates it in systemic lupus erythematosus. A-005 is a CNS-penetrant TYK2 inhibitor being advanced toward a Parkinson's disease biomarker trial. Strategic alternatives are being explored for lonigutamab, an anti-IGF-1R antibody for thyroid eye disease acquired with ACELYRIN.
Operates without approved products or product-sales revenue, generating collaboration revenue through Kaken while funding research and trials. Clinical results, regulatory approval, commercialization readiness, outsourced manufacturing, and access to capital determine whether the pipeline can reach patients. Kaken holds exclusive Japanese rights to develop and commercialize envudeucitinib for dermatology, with options in certain other fields; Alumis retains rights elsewhere.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Oppenheimer | Target | $50 | $37 | ||
| Sep 2, 2026 | Morgan Stanley | Reiterate | Overweight | $39 | $29 | |
| Sep 2, 2026 | H.C. Wainwright | Upgrade | Neutral | Buy | $25 | $15 |
| Sep 1, 2026 | Robert W. Baird | Target | $25 | $27 | ||
| Sep 1, 2026 | Wells Fargo | Target | $51 | $25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $502.3M · Total debt $36.4M · Total assets $560.6M · Shareholders' equity $452.2M
- Revenue
- $1.7M
- Operating income
- −$148.9M
- Net income
- −$142.2M
No dividends on record.
| Institutions212 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 90.91% | 117.67M shares | |
| Insiders15 holders · as of Aug 5, 2026 | 2.75% | 3.56M shares | |
| Strategic holders1 holder · as of Apr 3, 2026 | 0.53% | 680.5K shares | |
| Otherremainder | ≈ 5.81% | 7.52M shares |
129.44M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
AyurMaya Capital Management Company, LPInstitution | 11.70% | 15.14M | 13Fas of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.35% | 8.22M | 13Fas of Jun 30, 2026 |
FMR LLCInstitution | 5.23% | 6.77M | 13Fas of Jun 30, 2026 |
Deep Track Capital, LPInstitution | 4.90% | 6.35M | 13Fas of Jun 30, 2026 |
Samsara Biocapital, LLCInstitution | 4.90% | 6.35M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Mark Christopher Bradley | officer: Chief Development Officer | −2,572 | $26.37 |
| Aug 3, 2026 | Jorn Drappa | officer: Chief Medical Officer | −2,447 | $26.37 |
| Aug 3, 2026 | David M. Goldstein | officer: Chief Scientific Officer | −2,596 | $26.37 |
| Aug 3, 2026 | Roy C. Hardiman | officer: Chief Business & Strategy Ofcr | −2,692 | $26.37 |
| Aug 3, 2026 | Sanam Pangali | officer: Chief Legal Officer | −1,364 | $26.37 |
- Bristol-Myers Squibb
Same-mechanism TYK2 benchmark in psoriasis and SLE
- Takeda (ADR)
Next-generation oral TYK2 challenger in psoriasis
- Johnson & Johnson
Oral IL-23R psoriasis rival to TYK2 pills
- Amgen
Psoriasis oral comparator and TED incumbent
- AbbVie
Large immunology incumbent in psoriasis and SLE
- AstraZeneca (ADR)
Approved SLE biologic competing with lupus entry
- GSK (ADR)
Established lupus biologic benchmark
- Viridian Therapeutics
Late-stage TED anti-IGF-1R challenger
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alumis | $10.28 | −0.39% | $1.28B | — | — | 172.7 | −37.7% |
| Bristol-Myers Squibb | $67.65 | −0.01% | $138.21B | 14.9 | 10.6 | 2.8 | +5.7% |
| Takeda (ADR) | $18.73 | +1.55% | $58.65B | 51.2 | 56.7 | 2.0 | +5.8% |
| Johnson & Johnson | $274.78 | −0.17% | $663.23B | 31.9 | 23.1 | 6.8 | +6.6% |
| Amgen | $443.00 | +0.04% | $239.00B | 27.5 | 18.9 | 6.3 | +9.7% |
| AbbVie | $264.00 | +0.88% | $462.37B | 73.7 | 17.2 | 7.2 | +10.2% |
| AstraZeneca (ADR) | $163.48 | +1.13% | $250.67B | 24.3 | 15.2 | 4.1 | +6.4% |
| GSK (ADR) | $50.48 | +0.11% | $101.06B | 15.8 | 9.1 | 2.2 | +2.7% |
| Viridian Therapeutics | $22.51 | −1.18% | $2.58B | — | — | 36.3 | +278.7% |
| Median | 27.5 | 17.2 | 5.2 | +6.5% |