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, Company Secretary | Russell G. Clayton Chief Medical Officer | Gopi Shankar Chief Development Officer |
| Business Overview |
| Larimar Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing treatments for complex rare diseases using its cell penetrating peptide (CPP) technology platform. The Company's lead compound, CTI-1601, is being developed as a potential treatment for Friedreichs ataxia (FA). CTI-1601, is a subcutaneously administered, recombinant fusion protein intended to deliver human frataxin (FXN) an essential protein, to the mitochondria of patients with FA. FA is a rare, progressive, and fatal disease in which patients are unable to produce sufficient frataxin (FXN) due to a genetic abnormality. It also focuses on using its intracellular delivery platform to design other fusion proteins to target additional rare diseases characterized by deficiencies in intracellular bioactive compounds. Its CPP platform enables a therapeutic molecule to cross a cell membrane in order to reach intracellular targets. |
| Financial Overview |
| For the nine months ended 30 September 2023, Larimar Therapeutics Inc revenues was not reported. Net loss decreased 8% to $24M. Lower net loss reflects Other income, net increase from $157K to $3.6M (income), Research and Development decrease of 2% to $14.7M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$1.33 to -$0.55. |
| Employees: | 26 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $59.84M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$37.66M as of Sep 30, 2023 |
| Net annual income (TTM): | -$33.38M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$30.79M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 43,905,903 as of Nov 12, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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