Pharvaris
Develops oral deucrictibant formulations to treat and prevent hereditary angioedema attacks.
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Profile
Develops immediate-release and extended-release formulations of deucrictibant, an oral bradykinin B2-receptor antagonist, for on-demand treatment and prevention of hereditary angioedema attacks. The program's path is shaped by FDA review and clinical development.
Develops deucrictibant, an oral bradykinin B2-receptor antagonist for bradykinin-mediated angioedema. An immediate-release formulation is intended for on-demand HAE attack treatment, while an extended-release formulation is being developed for prophylaxis.
Operates as a rare-disease biopharmaceutical company concentrated on two formulations of the same molecule. The company is headquartered in Leiden, Netherlands, and its ordinary shares trade on Nasdaq.
Development has been shaped by an FDA clinical hold that was lifted in stages after a toxicology study. The immediate-release formulation now has an accepted U.S. NDA for HAE attacks, while the extended-release program remains in pivotal development.
Company facts
Key statistics
Year to date +33.5% · Average volume (30d) 544.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | New Street | Target | $60 | ||
| Aug 13, 2026 | Guggenheim | Reiterate | Buy | $39 | $40 |
| Aug 13, 2026 | HSBC | Upgrade | Overweight | ||
| Jul 15, 2026 | Wells Fargo | Initiate | Overweight | $55 | |
| Jun 25, 2026 | Morgan Stanley | Reiterate | Overweight | $41 | $46 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.75 | −$0.81 | −8.5% | — | — | — | +5.93% |
| May 12, 2026Q1 FY26 | −$0.82 | −$0.70 | +14.8% | — | — | — | +5.41% |
| Apr 2, 2026Q4 FY25 | −$0.71 | −$0.85 | −18.3% | — | — | — | −0.67% |
| Nov 12, 2025Q3 FY25 | −$0.78 | −$0.70 | +10.3% | — | — | — | −6.01% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | $0 | $0 | $0 | $0 | −$123.3K | $0 | |
| Operating income | $48.9M | −$46.8M | −$46.0M | −$55.2M | −$52.1M | −$58.8M | |
| Net income | −$53.7M | −$52.7M | −$43.0M | −$54.2M | −$46.2M | −$55.4M | |
| Diluted EPS | −$0.98 | −$0.96 | −$0.70 | −$0.92 | −$0.71 | −$0.81 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $368.8M · Total debt $780.6K · Total assets $380.8M · Shareholders' equity $348.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 69.88M · Float 33.19M · 47.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 6.57M | 9.40% | 13F | Aug 13, 2026 |
| General Atlantic, L.P. | 6.55M | 9.37% | 13F | Aug 14, 2026 |
| Foresite Capital Management Iv, LLC | 4.78M | 6.84% | 13F | Aug 14, 2026 |
| Venbio Partners LLC | 4.64M | 6.64% | 13F | Aug 14, 2026 |
| Viking Global Investors LP | 3.65M | 5.23% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Berndt Modig | director, officer: Chief Executive Officer | −2,292 | $34.77 |
| Jul 13, 2026 | Berndt Modig | director, officer: Chief Executive Officer | −2,292 | $34.97 |
| Jun 29, 2026 | Anne Lesage | officer: Chief Early Development | −17,597 | $35.06 |
| Jun 30, 2026 | Anne Lesage | officer: Chief Early Development | −58,575 | $35.48 |
| Jun 30, 2026 | Johannes Gerardus Christiaan Petrus Schikan | director | −30,712 | $35.49 |
Peers
- Takeda (ADR)
HAE attack treatment and prophylaxis across injectable options
- BioCryst Pharmaceuticals
Once-daily oral prophylaxis for HAE attacks
- Ionis Pharmaceuticals
RNA-targeted injectable prophylaxis for HAE attacks
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pharvaris | $35.40 | +0.14% | $2.47B | — | — | — | — |
| Takeda (ADR) | $18.49 | +2.53% | $57.37B | 51.0 | 53.7 | 2.0 | +5.8% |
| BioCryst Pharmaceuticals | $9.82 | 0.00% | $2.50B | — | 18.7 | 2.7 | +33.6% |
| Ionis Pharmaceuticals | $61.05 | +0.02% | $10.15B | — | — | 11.6 | −40.7% |
| Median | 51.0 | 36.2 | 2.7 | +5.8% |





