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TRAW · NASDAQ · Biotechnology

Traws Pharma (TRAW)

Develops oral antivirals for influenza and COVID-19.

$0.5800
Pre-market+0.01 (+1.79%)
At close$0.5698(−3.42%)
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Traws Pharma, Inc.TRAWHealth Care

Develops oral small-molecule antivirals for influenza and COVID-19 while retaining legacy oncology assets for partnering. Its virtual model relies on CROs, manufacturers, regulatory clearance, and partners because it has no approved products or internal commercial organization.

Develops oral small-molecule antivirals centered on tivoxavir marboxil for seasonal-influenza prevention and potential treatment, and ratutrelvir for COVID-19 without ritonavir. A preclinical two-component combination targets hantavirus, Ebola virus disease, and Lassa fever, while narazaciclib and rigosertib remain legacy oncology partnering assets.

Operates through CROs, clinical sites, and third-party manufacturers, with studies spanning Australia, a proposed United Kingdom challenge study, and U.S. FDA review. Tivoxavir's U.S. IND is on clinical hold pending toxicology and mutagenicity information, and the proposed UK study depends on additional safety data. With no approved products, manufacturing facility, or commercial organization, execution depends on regulatory clearance, external providers, and partners.

Company facts

CEOIain D. Dukes
ListedApr 3, 2024
ExchangeNASDAQ
HeadquartersNewtown, PA
CountryUnited States
Employees7
CIK0001130598
ISINUS68232V8845

Market cap$8.7M
EPS (ttm)−$1.37
P/E (ttm)−0.4168
ROE489.9%
P/B−1.14
P/S0.00
Dividend yieldDiv yield
Beta1.46vs XLV −0.01

Unavailable right now.

Next report
Nov 12, 2026
in 70 days
EPS estimate
−$0.21
Revenue estimate
$2.7M
Fiscal quarter
Q1 FY27

EPSReportedEstimate

Mar '25May '25Aug '25Apr '26May '26Aug '26Aug '26Nov '26
Reported$95.66$2.09−$0.11−$0.71−$0.53−$0.53−$0.16Pending
Estimate−$9.55−$8.04−$8.75−$1.22−$0.92−$0.34−$0.34−$0.21
Surprise+1,101.7%+126.0%+98.7%+42.0%+42.4%−58.2%+52.2%

RevenueReportedEstimate

Mar '25May '25Aug '25Apr '26May '26Aug '26Aug '26Nov '26
Reported$56.0K$57.0K$2.7MPending
Estimate$60.0K$60.0K$60.0K$60.0K$2.7M$2.7M
Surprise−6.7%−5.0%+4,455.0%
Estimate−$0.21
ReportedDue Nov 12, 2026
Estimate$2.7M
ReportedDue Nov 12, 2026
View details

Current ratio42.90%

ProfitabilityRevenueNet incomeNet margin

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Revenue$113.0K$113.0K$113.0K$56.0K$57.0K$2.7M$0$0
Net income−$10.8M−$10.0M−$8.9M−$5.0M−$8.5M−$915.0K−$7.4M−$7.1M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Operating income−$11.4M−$10.7M−$9.6M−$5.2M−$8.5M−$1.2M−$7.4M−$6.9M
YoY growth

Balance sheet, Mar 31, 2026Cash & short-term investments $3.1M · Total debt $0 · Total assets $8.2M · Shareholders' equity −$5.3M

Revenue
$0
Operating income
−$6.9M
Net income
−$7.1M
View details

No dividends on record.

Institutions27 holders · as of Mar 31, 202623.89%3.62M shares
Insiders10 holders · as of Apr 8, 20264.61%698.9K shares
Otherremainder71.50%10.83M shares

15.15M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Perceptive Advisors LLCInstitution
6.47%979,81513Gfiled May 15, 2026
Adage Capital Partners GP, L.L.C.Institution
4.82%730,00013Fas of Mar 31, 2026
Ikarian Capital, LLCInstitution
4.48%678,14213Fas of Mar 31, 2026
Orbimed Advisors LLCInstitution
4.00%605,53113Fas of Mar 31, 2026
Squadron Capital Management LLCInstitution
3.38%511,71413Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 16, 2026Orbimed Advisors LLC10 percent owner+3,586,374$1.67
View details

  • Pfizer

    Direct oral COVID-19 rival through the PAXLOVID treatment franchise.

  • Merck

    COVID oral antiviral and long-acting influenza-prophylaxis competitor.

  • Gilead Sciences

    Approved COVID antiviral incumbent for overlapping at-risk patients.

  • BioCryst Pharmaceuticals

    Acute influenza-treatment competitor with the RAPIVAB franchise.

  • GSK (ADR)

    Inhaled influenza antiviral comparator through Relenza.

ComparePre-market

CompanyPriceChange
Traws Pharma$0.5800+1.79%$8.7M
Pfizer$28.99−0.14%$165.40B38.310.42.6+2.6%
Merck$151.72+0.05%$374.52B121.317.65.6+5.1%
Gilead Sciences$149.20−0.27%$185.75B16.56.1+10.2%
BioCryst Pharmaceuticals$10.17−0.10%$2.58B19.42.7+33.6%
GSK (ADR)$50.47+0.09%$101.06B15.89.12.2+2.7%
Median38.316.52.7+5.1%