Larimar Therapeutics Inc (OQ:LRMR)
Business Focus: Bio Therapeutic Drugs
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | THREE BALA PLAZA EAST. SUITE 506 BALA CYNWYD PA 19004 |
| Tel: | N/A |
| Website: | https://larimartx.com |
| IR: | See website |
| Key People | ||
| Carole S. Ben-Maimon President, Chief Executive Officer, Director | Michael Celano Chief Financial Officer, Secretary | Russell G. Clayton Chief Medical Officer | Gopi Shankar Chief Development Officer |
| Business Overview |
| Larimar Therapeutics, Inc. is a clinical-stage biotechnology company. The Company is focused on developing treatments for patients suffering from complex rare diseases using its novel cell penetrating peptide (CPP) technology platform. The Company's lead product candidate, nomlabofusp, is a subcutaneously administered, recombinant fusion protein intended to deliver tissue frataxin (FXN), an essential protein, to the mitochondria of patients with Friedreich's ataxia (FA). FA is a rare, progressive, and fatal disease in which patients are unable to produce sufficient FXN due to a genetic abnormality. Its CPP platform, which enables a therapeutic molecule to cross a cell membrane in order to reach intracellular targets, has the potential to enable the treatment of other rare and orphan diseases. It intends to use its proprietary platform to target additional orphan indications characterized by deficiencies in or alterations of intracellular content or activity. |
| Financial Overview |
| For the six months ended 30 June 2024, Larimar Therapeutics Inc revenues was not reported. Net loss increased from $14.9M to $36.3M. Higher net loss reflects Research and Development increase from $8.8M to $30.7M (expense), General and administrative increase of 36% to $6.2M (expense), Stock-based Compensation in R&D increase of 18% to $1.9M (expense). |
| Employees: | 42 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $255.04M as of Jun 30, 2024 |
| Annual revenue (TTM): | $0.00M as of Jun 30, 2024 |
| EBITDA (TTM): | -$65.45M as of Jun 30, 2024 |
| Net annual income (TTM): | -$58.34M as of Jun 30, 2024 |
| Free cash flow (TTM): | -$43.11M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 63,806,628 as of Aug 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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