Market Cap 165.83M
Revenue (ttm) 0.00
Net Income (ttm) -80.60M
EPS (ttm) N/A
PE Ratio 0.00
Forward PE N/A
Profit Margin 0.00%
Debt to Equity Ratio 0.00
Volume 3,064,700
Avg Vol 1,279,502
Day's Range N/A - N/A
Shares Out 64.03M
Stochastic %K 20%
Beta 0.79
Analysts Strong Sell
Price Target $20.64

Company Profile

Larimar Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing treatments for rare diseases using its novel cell penetrating peptide technology platform. Its lead product candidate is CTI-1601, which is in Phase 2 OLE clinical trial for the treatment of Friedreich's ataxia, a rare, progressive and fatal genetic disease. The company is based in Bala Cynwyd, Pennsylvania.

Industry: Biotechnology
Sector: Healthcare
Phone: 844-511-9056
Address:
Three Bala Plaza East, Suite 506, Bala Cynwyd, United States
Quantumup
Quantumup Jun. 23 at 5:41 PM
Citi reiterated $LRMR Buy-$14. $PTCT $BIIB Citi said in its note, "Larimar announced that the FDA recommended the safety database for nomla include at least 30 patients with continuous exposure for six months, including a subset of at least 10 patients for one year, with the large majority receiving the 50mg dose. This builds upon prior disclosures on FDA alignment to utilize skin frataxin concentrations as a surrogate endpoint for accelerated approval, with patient lipid profiles and gene expression changes serving as supportive data (here). With full FDA alignment in hand, Larimar has a clear path to BLA submission, which is now guided for 2Q26 (vs. YE25) to allow for additional time to collect 1 year of safety follow-up for patients on 50mg nomla. Despite the ~2-quarter delay in to BLA submission, management shared the timing for a potential launch remains unchanged and guided to 1Q27 for the first time. We are buyers on today's weakness. Buy/High Risk, TP $14/shr."
0 · Reply
alecsalaur198
alecsalaur198 Jun. 23 at 3:41 PM
$LRMR added on the dip
0 · Reply
_www_larval_com_
_www_larval_com_ Jun. 23 at 3:40 PM
$LRMR just reversed 4% higher to -1% (~2Mv) in the last few minutes, 07/18 options, follow for more volatility.
0 · Reply
Rastaman2112
Rastaman2112 Jun. 23 at 3:10 PM
$LRMR Buy $5 call options for the august strike date...12 cents each so if it pops even a little you'll certainly make money while waiting for your shares to make money
0 · Reply
boomshiva
boomshiva Jun. 23 at 2:58 PM
$LRMR New position @ 2.43.
0 · Reply
alecsalaur198
alecsalaur198 Jun. 23 at 2:46 PM
$LRMR ok red after 10% green
0 · Reply
Xshx
Xshx Jun. 23 at 2:00 PM
$LRMR it's a buy!!
0 · Reply
alecsalaur198
alecsalaur198 Jun. 23 at 1:50 PM
$LRMR adding here
0 · Reply
Dani_G_German
Dani_G_German Jun. 23 at 1:47 PM
$LRMR what a bear trap lol
0 · Reply
Stock1701
Stock1701 Jun. 23 at 1:43 PM
$LRMR Well played!!
0 · Reply
Latest News on LRMR
What's Going On With Larimar Therapeutics Stock On Tuesday?

Dec 17, 2024, 1:39 PM EST - 6 months ago

What's Going On With Larimar Therapeutics Stock On Tuesday?


Why Is Larimar Therapeutics Stock Trading Lower On Monday?

Dec 16, 2024, 12:17 PM EST - 6 months ago

Why Is Larimar Therapeutics Stock Trading Lower On Monday?


Larimar: Friedreich's Ataxia Drug With Significant Potential

Aug 2, 2023, 6:02 AM EDT - 2 years ago

Larimar: Friedreich's Ataxia Drug With Significant Potential


Larimar Therapeutics Set to Join Russell 3000® Index

Jun 21, 2023, 4:05 PM EDT - 2 years ago

Larimar Therapeutics Set to Join Russell 3000® Index


Quantumup
Quantumup Jun. 23 at 5:41 PM
Citi reiterated $LRMR Buy-$14. $PTCT $BIIB Citi said in its note, "Larimar announced that the FDA recommended the safety database for nomla include at least 30 patients with continuous exposure for six months, including a subset of at least 10 patients for one year, with the large majority receiving the 50mg dose. This builds upon prior disclosures on FDA alignment to utilize skin frataxin concentrations as a surrogate endpoint for accelerated approval, with patient lipid profiles and gene expression changes serving as supportive data (here). With full FDA alignment in hand, Larimar has a clear path to BLA submission, which is now guided for 2Q26 (vs. YE25) to allow for additional time to collect 1 year of safety follow-up for patients on 50mg nomla. Despite the ~2-quarter delay in to BLA submission, management shared the timing for a potential launch remains unchanged and guided to 1Q27 for the first time. We are buyers on today's weakness. Buy/High Risk, TP $14/shr."
0 · Reply
alecsalaur198
alecsalaur198 Jun. 23 at 3:41 PM
$LRMR added on the dip
0 · Reply
_www_larval_com_
_www_larval_com_ Jun. 23 at 3:40 PM
$LRMR just reversed 4% higher to -1% (~2Mv) in the last few minutes, 07/18 options, follow for more volatility.
0 · Reply
Rastaman2112
Rastaman2112 Jun. 23 at 3:10 PM
$LRMR Buy $5 call options for the august strike date...12 cents each so if it pops even a little you'll certainly make money while waiting for your shares to make money
0 · Reply
boomshiva
boomshiva Jun. 23 at 2:58 PM
$LRMR New position @ 2.43.
0 · Reply
alecsalaur198
alecsalaur198 Jun. 23 at 2:46 PM
$LRMR ok red after 10% green
0 · Reply
Xshx
Xshx Jun. 23 at 2:00 PM
$LRMR it's a buy!!
0 · Reply
alecsalaur198
alecsalaur198 Jun. 23 at 1:50 PM
$LRMR adding here
0 · Reply
Dani_G_German
Dani_G_German Jun. 23 at 1:47 PM
$LRMR what a bear trap lol
0 · Reply
Stock1701
Stock1701 Jun. 23 at 1:43 PM
$LRMR Well played!!
0 · Reply
BiotechStockFundManager
BiotechStockFundManager Jun. 23 at 1:37 PM
$LRMR Great to hear more clarity on the path forward for accelerated approval.
0 · Reply
kenny91655
kenny91655 Jun. 23 at 1:11 PM
$LRMR Mr. Celano touched on funding indicating the possibility of royalty based non-dilutive funding.
0 · Reply
PaytiencePaysGreen
PaytiencePaysGreen Jun. 23 at 1:11 PM
$LRMR not sure is a gift or not. But i am stealing and adding some more at 2.25
1 · Reply
Quantumup
Quantumup Jun. 23 at 1:07 PM
Leerink reiterated $LRMR Outperform-$25. $BIIB $PTCT Leerink said in its note:
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OpenOutcrier
OpenOutcrier Jun. 23 at 12:43 PM
$LRMR (-8.5% pre) Crucial FDA Update Coming: Larimar's Breakthrough Friedreich's Ataxia Drug Faces Regulatory Milestone https://ooc.bz/l/68257
0 · Reply
briefingcom
briefingcom Jun. 23 at 12:07 PM
Gapping Down: $CMPS -35.2% $LRMR -9.2% $VZLA -7.8% $NVO -5.3%
3 · Reply
Futurision
Futurision Jun. 23 at 11:30 AM
$LRMR Delay is not the news I wished for but no knee breaker. Fortunately no price movement yet. Will exit and reallocate 90% of my position for the near term. Still long term bullish
0 · Reply
DonCorleone77
DonCorleone77 Jun. 23 at 11:13 AM
$LRMR Larimar announces FDA safety database recommendations for nomlabofusp BLA Larimar Therapeutics announced FDA safety database recommendations and refined timeline for Biologics License Application submission to allow for the inclusion of the recommended safety data from adults and children with Friedreich's Ataxia. This comes following written responses from the U.S. Food and Drug Administration based on discussions under the Support for Clinical Trials Advancing Rare Disease Therapeutics pilot program. Safety Database: FDA recommended to evaluate safety in at least 30 participants with continuous study drug exposure for 6-months and a subset of at least 10 of those participants with continuous study drug exposure for 1-year; the large majority of safety data should be from participants receiving the 50 mg dose. Use of Skin FXN Concentrations as a Surrogate Endpoint: FDA is open to the use of skin FXN concentrations as a RLSE and acknowledged the submitted data appear to support a relationship between increased skin FXN and relevant tissues such as the heart, dorsal root ganglion, and skeletal muscle. Acceptability of increases in skin FXN for accelerated approval will be decided during future BLA review. Clinical Data Package: Includes clinical data from the successfully completed and ongoing clinical trials. Phase 1 and 2 Studies: Completed single ascending-dose and multiple ascending dose Phase 1 studies, and the Phase 2 dose exploration study; FA Adolescent PK Run-In Study: PK data from 14 adolescents 12-17 years old dosed once daily for 7 days with a weight-based dose equivalent to the 50 mg adult dose of nomlabofusp or placebo. Dosing has been completed, and data are expected in September 2025. Participants are now screening and enrolling for the OLE study. Ongoing OLE Study: Evaluating safety and tolerability, PK, and FXN levels in buccal and skin cells, along with exploratory pharmacodynamic markers and clinical outcomes following long-term once daily subcutaneous administration of nomlabofusp. Enrollment is ongoing and all active participants are currently receiving the 50 mg dose. In addition, screening and enrollment of adolescents is ongoing. Expansion of the study is planned to include patients who have never participated in any of our prior clinical trials and have never been exposed to nomlabofusp. Global Phase 3 Study: Activities are ongoing with the identification and qualification of sites in U.S., Europe, U.K., Canada, and Australia. The Phase 3 study is expected to be underway at the time of BLA submission and is currently intended as the confirmatory study to verify clinical benefit as required by FDA's accelerated approval pathway. Pharmacology and Toxicology: Nonclinical data supporting the use of FXN as a novel surrogate endpoint, complete toxicology package including juvenile toxicology study and data supporting improvements in patient lipid profiles and gene expression Chemistry Manufacturing and Controls: Required data supporting the lyophilized drug product, which is stable at room temperature, data on batches manufactured at a commercial scale and analytical methods and proposed specifications. Near-term Milestones: OLE data expected in September 2025 from 30-40 participants who received at least one dose of nomlabofusp, including participants on the 50 mg dose. Adolescent PK run-in data are also expected in September 2025 from 14 participants. Data from the nonclinical package to be published in a peer reviewed journal this summer. BLA seeking accelerated approval planned to be submitted in the second quarter 2026.
0 · Reply
kenny91655
kenny91655 Jun. 23 at 11:10 AM
$LRMR BLA submission moved from 4th q 2025 to 2nd q of 2026. FDA guidance on BLA submission and requirements. Have to wait until September. Data needs to be good for a capital raise.
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Roetes
Roetes Jun. 23 at 10:16 AM
$LRMR in Euro its down, but in Dollar its up. Quite strange. Anyhow 🤞🏿for a decent gambling
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G101SPM
G101SPM Jun. 23 at 9:35 AM
$LRMR $2.59 bid. BUY/4X ADD TO LONG POSITION. DAC (dollar average cost includes this BUY) (8) $3.44. EXIT $11.00 in midterm.
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Roetes
Roetes Jun. 23 at 9:35 AM
$LRMR added 2.500 - not sure if it was smart ;)
0 · Reply