Clinical-stage biotech developing a non-opioid Nav1.8 sodium-channel blocker for acute and chronic pain.
Clinical-stage biotech developing a non-opioid Nav1.8 sodium-channel blocker for acute and chronic pain.
Has no product on sale and earns nothing from customers, so trials are funded by money raised from investors. Its value rests on late-stage results for one drug class, and any later income would come from selling or licensing the drug.
Moat: none (IP / patents). Pre-commercial; competes against Vertex's already-approved Nav1.8 drug Journavx in the same class.
Headquarters: South San Francisco, California, US · Founded: 2024
Size Latigo Biotherapeutics (LTGO) is a United States Health Care company (Pharmaceuticals: Major) with a market value of $835M, the 2366th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.60 on 6 Nov 2026.
Capital Return on invested capital runs 205.7 points below its cost of capital (6.3% WACC).
Short interest Short interest is 1.2% of the free float (15 Oct 2026).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | n/a | $0 | $0 |
| Revenue growth | — | — | — |
| Gross profit | n/a | -$249,000 | -$244,000 |
| EBITDA | n/a | -$110M | -$63.2M |
| Net income | n/a | -$109M | -$61.2M |
| Free cash flow | n/a | -$97.7M | -$51.0M |
| Capital expenditure | n/a | $136,000 | $72,000 |
| Total debt | $31.2M | $690,000 | $851,000 |
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Latigo Biotherapeutics LTGO | $835M | n/a | n/a | n/a | n/a | n/a |
| Vertex Pharmaceuticals VRTX | $139B | +27% | +11% | 35% | 10.7× | 6.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LTGO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.8% | -4.8% | 3rd lowest of 21 |
| Distance from 52-week high | -51.4% | -32.8% | 3rd lowest of 21 |
| ROIC minus cost of capital | -205.7 pp | +0.1 pp | lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Latigo Biotherapeutics LTGO | United States | $835M | n/a | n/a | n/a | n/a | n/a | n/a |
| Sanofi Consumer Healthcare India SANOFICONR.NS | India | $835M | -28% | +23% | 36% | 8.1× | 17.1% | +22.7% |
| Luye Pharma 2186.HK | Hong Kong | $839M | -36% | +3% | 18% | 1.2× | -10.5% | +1.9% |
| Zhejiang Int'l 000411.SZ | China | $828M | -8% | +3% | 3% | 0.3× | n/a | n/a |
| CARsgen Therapeutics 2171.HK | Hong Kong | $825M | -54% | +68% | -170% | 32.3× | n/a | n/a |
| Jinghua Pharmaceutical 002349.SZ | China | $825M | -8% | +2% | 20% | 3.2× | -1.8% | +2.6% |
| Kaken Pharmaceutical 4521.T | Japan | $854M | -8% | -7% | 11% | 0.9× | n/a | n/a |
| Hygeia Healthcare 6078.HK | Hong Kong | $861M | -7% | +2% | 14% | 1.9× | 4.8% | +22.5% |
| Chongqing Pharscin Pharmaceutical 002907.SZ | China | $808M | -7% | +8% | 10% | 5.7× | 10.7% | -1.4% |
| Guizhou Xinbang Pharmaceutical 002390.SZ | China | $805M | -10% | -13% | 4% | 0.9× | -3.0% | -0.8% |
| Alumis ALMS | United States | $805M | -27% | -63% | -5,480% | 45.8× | n/a | n/a |
| SK Discovery 006120.KS | South Korea | $804M | +11% | +20% | 3% | 0.8× | n/a | n/a |
| Zhejiang Anglikang Pharmaceutical 002940.SZ | China | $801M | -19% | -6% | 10% | 4.2× | 18.2% | +2.1% |
| Knight Therapeutics GUD.TO | Canada | $800M | +37% | +42% | 5% | 1.9× | 9.5% | +17.7% |
| Sanofi India SANOFI.NS | India | $800M | -3% | -6% | 26% | 4.2× | 16.5% | -8.7% |
| Pharming PHARM.AS | Netherlands | $874M | -2% | +2% | 9% | 2.1× | 2.5% | +12.4% |
| Daewoong Pharm 069620.KS | South Korea | $874M | -30% | +9% | 12% | 0.7× | n/a | n/a |
| Annexon ANNX | United States | $796M | -26% | n/a | n/a | n/a | n/a | n/a |
| Aktis Oncology AKTS | United States | $880M | -15% | +337% | -1,150% | 57.5× | n/a | n/a |
| Suven Life Sciences SUVEN.NS | India | $792M | +20% | +17% | -4,228% | 849.2× | n/a | n/a |
| Lexicon Pharmaceuticals LXRX | United States | $792M | -11% | -29% | -131% | 15.9× | n/a | n/a |