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ORKA logo

ORKA Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
65.450
Open
64.190
VWAP
64.57
Vol
942.66K
Mkt Cap
3.87B
Low
63.680
Amount
60.87M
EV/EBITDA(TTM)
--
Total Shares
59.86M
EV
3.44B
EV/OCF(TTM)
--
P/S(TTM)
--
Oruka Therapeutics, Inc. is a clinical-stage biopharmaceutical company. The Company is focused on developing novel monoclonal antibody therapeutics for psoriasis (PsO) and other inflammatory and immunology (I&I) indications. Its lead program, ORKA-001, is designed to target the p19 subunit of interleukin-23 (IL-23p19) for the treatment of PsO. Its co-lead program, ORKA-002, is designed to target interleukin-17A and interleukin-17F (IL-17A/F) for the treatment of PsO, psoriatic arthritis (PsA), and other conditions. ORKA-001 is an extended half-life monoclonal antibody (mAb) designed to target IL-23p19. IL-23 is a pro-inflammatory cytokine that plays a critical role in the proliferation and development of T helper 17 (Th17) cells, which are the primary drivers of several autoimmune and inflammatory disorders, including PsO. IL-23 is composed of two subunits: a p40 subunit and a p19 subunit. ORKA-002 is an extended half-life mAb designed to target IL-17A and IL-17F (IL-17A/F).
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Events Timeline

(ET)
2026-05-06
08:20:00
Halozyme Enters Global Exclusive Collaboration with Oruka
select
2026-04-28 (ET)
2026-04-28
19:50:00
Multiple Investment Banks Jointly Manage New Stock Offering
select
2026-04-27 (ET)
2026-04-27
16:20:00
Oruka Therapeutics Launches $500M Public Offering
select
2026-04-27
12:10:00
Oruka Therapeutics Stock Rises 19% to $82.15
select

News

NASDAQ.COM
8.5
04-30NASDAQ.COM
Latest Developments in the Biotech Sector
  • Regulatory Approvals: Crinetics received European Commission approval for PALSONIFY to treat acromegaly in adults, becoming the first once-daily oral therapy in Europe, covering 27 EU member states, which is expected to significantly enhance market share.
  • Acquisition Expansion: Teva is acquiring Emalex Biosciences for $700 million, bolstering its neuroscience pipeline and potentially accelerating the NDA submission for Ecopipam, thereby strengthening Teva's competitive position in the CNS disorders market.
  • Clinical Trial Progress: Biomea Fusion's Icovamenib showed a 52% increase in mean C-peptide AUC in its Phase 2 trial for Type 1 Diabetes, indicating potential efficacy in early-stage patients, which may drive further development efforts.
  • Market Reactions: Despite multiple approvals, AstraZeneca and Novartis saw their stock prices decline by 0.79% and 1.76% respectively, reflecting a cautious investor sentiment towards the biotech sector.
seekingalpha
8.5
04-29seekingalpha
Oruka Therapeutics Upsizes Public Offering to $700.4 Million
  • Upsized Offering: Oruka Therapeutics has announced an upsized public offering of 9.66 million shares of common stock priced at $72.50 each, with expected gross proceeds of approximately $700.4 million, indicating strong market demand and enhancing the company's capital position.
  • Underwriter Option: The underwriters have a 30-day option to purchase an additional 1.45 million shares at the public offering price, minus discounts and commissions, providing flexibility for further financing and boosting market confidence in Oruka's prospects.
  • Closing Timeline: The offering is set to close around April 30, 2026, providing investors with a clear timeline for their investment, which is likely to increase market interest in Oruka Therapeutics.
  • Positive Market Outlook: With promising interim results from its studies on moderate to severe plaque psoriasis, combined with a strong market rating, this offering is expected to provide substantial funding for future research and market expansion efforts.
NASDAQ.COM
8.5
04-29NASDAQ.COM
Oruka Therapeutics Prices $700.4 Million Upsized Public Offering
  • Upsized Offering: Oruka Therapeutics has successfully priced 9.66 million shares at $72.50 each, raising a total of $700.4 million, which is expected to close around April 30, 2026, thereby strengthening its financial position to support its dermatology programs.
  • Clinical Trial Success: The ORKA-001 asset demonstrated promising results in the EVERLAST-A Phase 2a trial, with 63.5% of patients achieving complete skin clearance, and safety findings aligning with the IL-23p19 class, with long-term follow-up data anticipated in 2H 2026 to further validate its once-yearly dosing potential.
  • Drug Development Plans: ORKA-002 is set to advance in psoriasis and other inflammatory diseases, with a Phase 2 trial expected to start in 2H 2026, and interim data indicating a half-life of 75-80 days, supporting the feasibility of twice-yearly dosing, enhancing its competitive edge in the market.
  • Strong Financial Position: As of December 31, 2025, Oruka reported $479.6 million in cash and equivalents, with its stock trading between $8.91 and $91.00 over the past year, reflecting the company's stability and potential for growth in the capital markets.
NASDAQ.COM
8.5
04-28NASDAQ.COM
Oruka Therapeutics Launches $500 Million Public Offering
  • Public Offering Announcement: Oruka Therapeutics has initiated a $500 million public offering of its common stock, along with pre-funded warrants for certain investors, reflecting the company's proactive financing strategy to support its biopharmaceutical development.
  • Underwriter Selection: The company has appointed Leerink Partners, TD Cowen, Goldman Sachs, Stifel, and Guggenheim Securities as joint bookrunning managers for the offering, indicating a strong choice of top-tier financial institutions to enhance market confidence during the fundraising process.
  • Additional Financing Option: Oruka expects to grant underwriters a 30-day option to purchase up to an additional $75 million in shares, providing a flexible financing arrangement that will support the company's future research and market expansion efforts.
  • Clinical Trial Progress: The recent positive results from the EVERLAST-A trial evaluating ORKA-001 for moderate-to-severe plaque psoriasis further bolster investor confidence in its product pipeline, potentially driving stock price appreciation.
NASDAQ.COM
4.5
04-27NASDAQ.COM
US Stocks Fluctuate Slightly, Tech Stocks Reach New All-Time Highs
  • Tech Stock Surge: The S&P 500 and Nasdaq 100 indices rose by 0.12% and 0.01% respectively on Monday, reaching all-time highs, reflecting strong market optimism regarding AI infrastructure demand, which is expected to boost technology earnings.
  • Oil Price Impact: WTI crude oil prices surged over 2%, exerting downward pressure on the market as President Trump canceled negotiations with Iran, raising inflation expectations that could affect the broader economic landscape.
  • Rising Treasury Yields: The 10-year Treasury yield increased to 4.337% due to rising inflation expectations from higher oil prices, with markets anticipating the Fed will keep rates unchanged this week while awaiting further developments in oil prices and inflation.
  • Health Insurance Stocks Rally: Health insurance stocks such as Centene, Elevance Health, and Humana all rose over 3% on Monday, providing support to the overall market and demonstrating resilience in the sector amid the current economic environment.
seekingalpha
8.5
04-27seekingalpha
Oruka Therapeutics Launches $500M Public Offering
  • Funding Size: Oruka Therapeutics has initiated a $500 million public offering, aiming to raise capital through the issuance of common stock and pre-funded warrants, thereby supporting its research and operational funding needs.
  • Underwriter Option: The company plans to grant underwriters a 30-day option to purchase an additional $75 million in shares, a strategy designed to enhance liquidity in the market and attract more investor participation.
  • Investor Structure: Certain investors will receive pre-funded warrants in lieu of common stock, a flexible investment approach that may appeal to risk-averse investors, thereby broadening the company's investor base.
  • Market Reaction: Despite reporting a GAAP EPS of -$0.45, the strong buy rating on its IL-23p19 inhibitor ORKA-001 indicates investor confidence in the company's future potential, suggesting that the market remains optimistic about its growth prospects.
Wall Street analysts forecast ORKA stock price to rise
10 Analyst Rating
Wall Street analysts forecast ORKA stock price to rise
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
40.00
Averages
51.67
High
75.00
Current: 0.000
sliders
Low
40.00
Averages
51.67
High
75.00
Leerink
NULL
to
Outperform
maintain
$109 -> $120
AI Analysis
2026-04-30
Reason
Leerink
Price Target
$109 -> $120
AI Analysis
2026-04-30
maintain
NULL
to
Outperform
Reason
Leerink raised the firm's price target on Oruka Therapeutics to $120 from $109 and keeps an Outperform rating on the shares.
H.C. Wainwright
H.C. Wainwright
Buy
maintain
$75 -> $120
2026-04-29
Reason
H.C. Wainwright
H.C. Wainwright
Price Target
$75 -> $120
2026-04-29
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on Oruka Therapeutics to $120 from $75 and keeps a Buy rating on the shares. The EVERLAST-A "delivers in spades," positioning ORKA-001 as a best-in-disease agent with an optimized convenience profile, the analyst tells investors in a research note. The firm views the EVERLAST-A data as a "best-case scenario,: positioning ORKA-001 as a possible leading psoriasis medication that may be "preferred by the lion's share of patients due to the potential for once-yearly dosing." It increased the probability of approval for ORKA-001 to 75% from 50% in psoriasis.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for ORKA
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Valuation Metrics

The current forward P/E ratio for Oruka Therapeutics Inc (ORKA.O) is 0.00, compared to its 5-year average forward P/E of -6.97. For a more detailed relative valuation and DCF analysis to assess Oruka Therapeutics Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-6.97
Current PE
0.00
Overvalued PE
-4.38
Undervalued PE
-9.56

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
0.00
Current PS
0.00
Overvalued PS
0.00
Undervalued PS
0.00

Financials

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Quarterly

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Whales Holding ORKA

F
Fairmount Funds Management LLC
Holding
ORKA
+29.07%
3M Return
V
VR Management, LLC
Holding
ORKA
+18.39%
3M Return
P
Perceptive Advisors LLC
Holding
ORKA
+16.35%
3M Return
P
Paradigm Biocapital Advisors LP
Holding
ORKA
+14.84%
3M Return
A
Avoro Capital Advisors LLC
Holding
ORKA
+14.33%
3M Return
R
RTW Investments, LP
Holding
ORKA
-0.04%
3M Return

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Frequently Asked Questions

What is Oruka Therapeutics Inc (ORKA) stock price today?

The current price of ORKA is 64.59 USD — it has increased 0.81

What is Oruka Therapeutics Inc (ORKA)'s business?

Oruka Therapeutics, Inc. is a clinical-stage biopharmaceutical company. The Company is focused on developing novel monoclonal antibody therapeutics for psoriasis (PsO) and other inflammatory and immunology (I&I) indications. Its lead program, ORKA-001, is designed to target the p19 subunit of interleukin-23 (IL-23p19) for the treatment of PsO. Its co-lead program, ORKA-002, is designed to target interleukin-17A and interleukin-17F (IL-17A/F) for the treatment of PsO, psoriatic arthritis (PsA), and other conditions. ORKA-001 is an extended half-life monoclonal antibody (mAb) designed to target IL-23p19. IL-23 is a pro-inflammatory cytokine that plays a critical role in the proliferation and development of T helper 17 (Th17) cells, which are the primary drivers of several autoimmune and inflammatory disorders, including PsO. IL-23 is composed of two subunits: a p40 subunit and a p19 subunit. ORKA-002 is an extended half-life mAb designed to target IL-17A and IL-17F (IL-17A/F).

What is the price predicton of ORKA Stock?

Wall Street analysts forecast ORKA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ORKA is51.67 USD with a low forecast of 40.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Oruka Therapeutics Inc (ORKA)'s revenue for the last quarter?

Oruka Therapeutics Inc revenue for the last quarter amounts to -34.43M USD, increased 13.57

What is Oruka Therapeutics Inc (ORKA)'s earnings per share (EPS) for the last quarter?

Oruka Therapeutics Inc. EPS for the last quarter amounts to -22657000.00 USD, increased 20.29

How many employees does Oruka Therapeutics Inc (ORKA). have?

Oruka Therapeutics Inc (ORKA) has 68 emplpoyees as of May 11 2026.

What is Oruka Therapeutics Inc (ORKA) market cap?

Today ORKA has the market capitalization of 3.87B USD.