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Intellectia

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High
19.710
Open
18.690
VWAP
18.06
Vol
1.92M
Mkt Cap
607.83M
Low
17.060
Amount
34.59M
EV/EBITDA(TTM)
--
Total Shares
34.89M
EV
321.37M
EV/OCF(TTM)
--
P/S(TTM)
--
First Tracks Biotherapeutics, Inc. is a clinical-stage biotechnology company focused on delivering innovative immunology therapeutics for autoimmune and inflammatory diseases. The Company's clinical-stage pipeline includes Rosnilimab, a selective pathogenic T cell depleter, for the treatment of moderate-to-severe rheumatoid arthritis (RA), ANB033, a CD122 antagonist, for celiac disease (CeD) and eosinophilic esophagitis (EoE), and ANB101, a blood dendritic cell antigen 2 (BDCA2) modulator. Rosnilimab is an IgG1 antibody that directly targets pathogenic T cells, such as activated Tph/Tfh and T effector cells, in the periphery or inflamed tissue. Rosnilimab is designed to selectively deplete pathogenic T cells while sparing non-pathogenic T cells, including naive T cells, to preserve overall immune function and restore immune homeostasis. Its molecules have applicability across a range of autoimmune and inflammatory diseases, including gastroenterology, rheumatology and other areas.
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Events Timeline

(ET)
2026-05-08
16:40:00
First Tracks Biotherapeutics Files to Sell 10.5M Shares of Common Stock
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News

CNBC
6.0
06-08CNBC
Latest Wall Street Ratings Overview
  • BofA Upgrades Brown-Forman: Bank of America upgraded Brown-Forman from underperform to neutral, citing better-than-expected Q4/FY26 results and consistent sales delivery, indicating a more constructive outlook that could enhance market performance.
  • Goldman Sachs Upgrades W.R. Berkley: Goldman Sachs upgraded W.R. Berkley from neutral to buy, believing that sustainable underwriting activity will yield long-term benefits for investors, reflecting stability and growth potential in the insurance sector.
  • Morgan Stanley Initiates Cerebras: Morgan Stanley initiated coverage on Cerebras with an overweight rating, highlighting unique demand for low-latency inference solutions that is driving growth, with projected revenues of $6 billion by 2028 indicating a strong market outlook.
  • UBS Upgrades Cummins: UBS upgraded Cummins from neutral to buy and raised the price target to $850, anticipating double-digit growth in its power division and the rollout of new engines to drive earnings growth over the next two years.
NASDAQ.COM
8.5
06-05NASDAQ.COM
Veru Shares Surge 88% on Novo Nordisk Collaboration
  • Veru Stock Surge: Shares of Veru Inc. (VERU) soared 88% on Thursday following a clinical supply agreement with Novo Nordisk, which involves a Phase 2b trial of its lead drug Enobosarm, potentially enhancing the company's market position in obesity treatment significantly.
  • Clinical Trial Details: The PLATEAU trial will assess the effects of Enobosarm on total body weight and bone density in approximately 200 older patients with obesity, with Novo Nordisk providing Wegovy at no cost to ensure the trial's success.
  • Health Catalyst Strategic Shift: Health Catalyst Inc. (HCAT) closed at $1.94, up 45.86%, as its subsidiary Vitalware was acquired by Med-Metrix, marking a new phase for the company and expected to strengthen its competitive edge in healthcare data analytics.
  • Absci Clinical Progress: Absci Corp. (ABSI) shares rose 23.57% as the company advances its AI-designed antibody ABS-201 in clinical trials, with preliminary safety data expected in 2026, which could propel its growth in the biopharmaceutical sector.
NASDAQ.COM
8.5
06-02NASDAQ.COM
Turn Therapeutics Stock Rises 20% on Positive Trial Results
  • Clinical Trial Results: Turn Therapeutics Inc. (TTRX) reported that 92.6% of subjects in its phase 2 trial of GX-03 for moderate-to-severe atopic dermatitis achieved a 50% reduction in eczema severity within four weeks, leading to a stock price increase of over 20%, indicating strong market potential for the drug.
  • Optimization Strategy Implementation: The company is refining its trial strategy based on interim analysis results by adjusting enrollment criteria to balance baseline disease severity and body surface area, which is expected to enhance the likelihood of success in subsequent phases and boost investor confidence.
  • New Product Development: Conexeu Sciences Inc. (CNXU) saw its stock rise over 18% following its Nasdaq listing, as it launched the B.R.E.A.S.T. bioprinting project, marking a strategic entry into multi-billion-dollar markets, with plans to submit a 510(k) application in early 2027, advancing the product towards clinical trials.
  • Strategic Transformation: LIXTE Biotechnology Holdings Inc. (LIXT) announced a shift towards an AI energy infrastructure equipment and services platform, resulting in a stock price increase of over 15%, which not only addresses the rapidly growing power demands in North America but also seeks a strategic partner for its clinical-stage pharmaceutical operations, showcasing a diversified future direction for the company.
seekingalpha
9.5
05-15seekingalpha
First Tracks Biotherapeutics Reports Q1 Losses and Cash Reserves
  • Net Loss Overview: First Tracks Biotherapeutics reported a net loss of $50.5 million for the three months ended March 31, 2026, compared to a loss of $47.2 million in the same period of 2025, indicating ongoing financial pressure that may affect investor confidence.
  • R&D Expense Trends: Research and development expenses decreased to $34.0 million in Q1 2026 from $41.5 million in Q1 2025, primarily due to reduced development costs for rosnilimab and ANB032, offset by increased costs related to phase 1 trials for ANB033, reflecting a strategic shift in R&D focus.
  • Administrative Cost Increase: General and administrative expenses rose to $18.9 million in Q1 2026 from $9.8 million in Q1 2025, largely due to legal costs associated with the company's separation and allocations for non-cash stock compensation, which may impact operational efficiency.
  • Cash Reserves Status: Upon launch on April 20, 2026, First Tracks had $180 million in cash and cash equivalents, which, while substantial, may not sustain long-term testing needs if R&D progress does not accelerate, potentially affecting future market competitiveness.
Globenewswire
8.5
04-20Globenewswire
AnaptysBio Completes Spin-Off, Focuses on Royalty Management
  • Spin-Off Completion: AnaptysBio has successfully completed its spin-off of First Tracks Biotherapeutics, distributing one share of First Tracks stock for each share of Anaptys held, marking a strategic shift aimed at enhancing shareholder value.
  • Virtual Business Model: The new structure operates under a virtual business model with minimal operating expenses and limited full-time employees, projecting an EBIT margin exceeding 95%, which will enhance efficiency in managing royalties and improve profitability.
  • Focus on Royalty Management: AnaptysBio will concentrate on managing financial collaborations with GSK and Vanda, particularly for Jemperli and imsidolimab, with the goal of protecting and enhancing the value of these assets to boost shareholder returns.
  • Future Outlook: The company will continue trading on Nasdaq under the ticker ANAB, while First Tracks stock will also commence trading, indicating ongoing activity in the capital markets and suggesting future growth potential.
Newsfilter
8.5
04-20Newsfilter
First Tracks Biotherapeutics Launches with $180 Million Cash on Nasdaq
  • Company Launch and Funding: First Tracks Biotherapeutics officially launches today with $180 million in cash, ensuring a two-year operational runway aimed at advancing antibody therapeutics for autoimmune and inflammatory diseases.
  • Product Pipeline Overview: The company will initially focus on three development-stage assets, including the CD122 antagonist ANB033 for celiac disease and eosinophilic esophagitis, which is currently in a Phase 1b trial, indicating strong market potential.
  • Shareholder Distribution Details: The spin-off was completed by distributing one share of First Tracks Bio common stock for each share of AnaptysBio held as of April 6, 2026, enhancing shareholder investment value.
  • Market Outlook: CEO Daniel Faga emphasized the commitment to developing antibody therapies for autoimmune diseases, which are expected to deliver significant therapeutic benefits to patients and drive long-term value creation.
Wall Street analysts forecast TRAX stock price to rise
0 Analyst Rating
Wall Street analysts forecast TRAX stock price to rise
0 Buy
0 Hold
0 Sell
Current: 0.000
sliders
Low
Averages
High
Current: 0.000
sliders
Low
Averages
High
Piper Sandler
Yasmeen Rahimi
initiated
$54
AI Analysis
2026-05-04
Reason
Piper Sandler
Yasmeen Rahimi
Price Target
$54
AI Analysis
2026-05-04
initiated
Reason
Piper Sandler analyst Yasmeen Rahimi initiated coverage of First Tracks Biotherapeutics with an Overweight rating and $54 price target. The company has a "differentiated pipeline" across ANB033, rosnilimab, and ANB101, the analyst tells investors in a research note. The firm believes First Tracks' key value driver is ANB033. The Phase 1b celiac disease data Q4 and Phase 1b eosinophilic esophagitis data mid-2027 are "significant catalysts" and have the potential to validate ANB033 as a leader in the space, contends Piper.
H.C. Wainwright
Emily Bodnar
initiated
$30
2026-04-28
Reason
H.C. Wainwright
Emily Bodnar
Price Target
$30
2026-04-28
initiated
Reason
H.C. Wainwright analyst Emily Bodnar initiated coverage of First Tracks Biotherapeutics with a Buy rating and $30 price target. The company has a pipeline of clinical-stage immune cell modulating monoclonal antibodies targeting a \"plethora of autoimmune and inflammatory diseases,\" the analyst tells investors in a research note. The firm says First Tracks has a \"notable amount of news flow\" slated for the next 18 months with $180M in cash to fund operations for two years, \"allowing for significant upside potential.\"
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Valuation Metrics

The current forward P/E ratio for First Tracks Biotherapeutics Inc (TRAX.O) is 0.00, compared to its 5-year average forward P/E of --. For a more detailed relative valuation and DCF analysis to assess First Tracks Biotherapeutics 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
Current PE
0.00
Overvalued PE
Undervalued PE

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
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
Undervalued EV/EBITDA

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
Current PS
0.00
Overvalued PS
Undervalued PS

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Frequently Asked Questions

What is First Tracks Biotherapeutics Inc (TRAX) stock price today?

The current price of TRAX is 17.42 USD — it has decreased -4.13

What is First Tracks Biotherapeutics Inc (TRAX)'s business?

First Tracks Biotherapeutics, Inc. is a clinical-stage biotechnology company focused on delivering innovative immunology therapeutics for autoimmune and inflammatory diseases. The Company's clinical-stage pipeline includes Rosnilimab, a selective pathogenic T cell depleter, for the treatment of moderate-to-severe rheumatoid arthritis (RA), ANB033, a CD122 antagonist, for celiac disease (CeD) and eosinophilic esophagitis (EoE), and ANB101, a blood dendritic cell antigen 2 (BDCA2) modulator. Rosnilimab is an IgG1 antibody that directly targets pathogenic T cells, such as activated Tph/Tfh and T effector cells, in the periphery or inflamed tissue. Rosnilimab is designed to selectively deplete pathogenic T cells while sparing non-pathogenic T cells, including naive T cells, to preserve overall immune function and restore immune homeostasis. Its molecules have applicability across a range of autoimmune and inflammatory diseases, including gastroenterology, rheumatology and other areas.

What is the price predicton of TRAX Stock?

Wall Street analysts forecast TRAX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRAX is USD with a low forecast of USD and a high forecast of 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 First Tracks Biotherapeutics Inc (TRAX)'s revenue for the last quarter?

First Tracks Biotherapeutics Inc revenue for the last quarter amounts to -52.81M USD, decreased

What is First Tracks Biotherapeutics Inc (TRAX)'s earnings per share (EPS) for the last quarter?

First Tracks Biotherapeutics Inc. EPS for the last quarter amounts to -32578000.00 USD, decreased

How many employees does First Tracks Biotherapeutics Inc (TRAX). have?

First Tracks Biotherapeutics Inc (TRAX) has 104 emplpoyees as of June 21 2026.

What is First Tracks Biotherapeutics Inc (TRAX) market cap?

Today TRAX has the market capitalization of 607.83M USD.