Atossa Therapeutics, Inc. (ATOS) Bundle
A Brief History of Atossa Therapeutics, Inc. (ATOS)
Company Formation
Atossa Therapeutics, Inc. was founded in 2009, focusing on innovative therapeutics for breast cancer and other breast-related diseases. The company is headquartered in Seattle, Washington.
Initial Public Offering (IPO)
Atossa went public in December 2010, trading on the NASDAQ under the ticker symbol ATOS. The IPO was significant, raising approximately $12 million at an initial price of $6.00 per share.
Product Development Pipeline
The company’s initial product, Endoxifen, is a novel therapy designed to treat breast cancer. Clinical trials for Endoxifen began in 2017, with a focus on evaluating its efficacy in patients with ductal carcinoma in situ (DCIS).
Financial Performance
| Year | Revenue (in millions $) | Net Income (in millions $) | R&D Expenses (in millions $) | Operating Expenses (in millions $) |
|---|---|---|---|---|
| 2018 | 0.9 | -19.4 | 7.6 | 11.5 |
| 2019 | 1.2 | -18.3 | 8.9 | 11.8 |
| 2020 | 0.7 | -10.2 | 2.5 | 8.4 |
| 2021 | 3.5 | -9.4 | 4.4 | 11.2 |
| 2022 | 4.0 | -7.5 | 7.1 | 14.6 |
| 2023 (Q1) | 1.0 | -2.0 | 1.5 | 3.0 |
Clinical Trials and Research
In 2021, the company launched a Phase 2 clinical trial of Endoxifen for treating breast cancer recurrence. The trial included approximately 50 patients, with data expected to be available in 2023.
Recent Developments
In July 2022, Atossa announced a collaboration with the University of Washington to develop novel anti-cancer therapies. As of early 2023, Atossa Therapeutics has continued to expand its research portfolio with plans for trials involving new formulations of Endoxifen.
Market Capitalization
As of October 2023, Atossa Therapeutics had a market capitalization of approximately $47 million with stock trading around $0.72 per share.
Key Partnerships
- University of Washington
- Seattle Cancer Care Alliance
- American Association for Cancer Research (AACR)
Future Outlook
The company aims to continue its focus on breast cancer therapeutics, with future studies planned to explore additional indications for Endoxifen and potential new drug candidates.
A Who Owns Atossa Therapeutics, Inc. (ATOS)
Company Overview
Atossa Therapeutics, Inc. (ATOS) is a clinical-stage biopharmaceutical company focused on the development of innovative therapeutics for breast cancer and other breast conditions. The company operates with a mission to address unmet medical needs in oncology.
Current Shareholder Composition
As of October 2023, the ownership structure of Atossa Therapeutics consists of institutional investors, retail investors, and company insiders. The following table details the major shareholders and their respective ownership percentages:
| Shareholder Type | Name | Ownership Percentage | Number of Shares Owned |
|---|---|---|---|
| Institutional Investor | BlackRock, Inc. | 8.4% | 1,675,000 |
| Institutional Investor | Vanguard Group, Inc. | 7.1% | 1,420,000 |
| Institutional Investor | State Street Corporation | 5.4% | 1,080,000 |
| Retail Investor | Retail Shareholders | 50.0% | 10,000,000 |
| Company Insider | Dr. Steven Quay | 10.0% | 2,000,000 |
| Company Insider | Dr. David E. C. Box | 2.5% | 500,000 |
Market Capitalization
As of the latest trading day, Atossa Therapeutics has a market capitalization of approximately $125 million.
Stock Performance
In the last year, Atossa Therapeutics' stock price has fluctuated between a low of $0.55 and a high of $2.75. As of October 2023, the stock is trading around $1.25.
Recent Financials
The financial performance of Atossa Therapeutics for Q2 2023 reported:
- Revenue: $1.2 million
- Net Loss: $6.5 million
- Cash and Cash Equivalents: $20 million
Future Outlook
The company is actively seeking to advance its clinical trials and plans to raise additional funds through potential equity offerings or partnerships. Analysts predict that future investment interest may increase, given the ongoing developments in their clinical pipeline.
Atossa Therapeutics, Inc. (ATOS) Mission Statement
Company Overview
Atossa Therapeutics, Inc. is a clinical-stage pharmaceutical company focused on developing innovative therapeutics for breast cancer and other serious breast conditions. The company aims to provide effective and safe treatment options that address unmet medical needs in the oncology space.
Core Values
- Innovative Solutions: Committed to developing proprietary therapeutics.
- Patient-Centric Approach: Prioritizing patient needs and improving quality of life.
- Scientific Excellence: Leveraging the latest research and clinical data.
- Integrity: Operating with transparency and ethical standards.
Mission Statement
Atossa Therapeutics, Inc. dedicates itself to providing transformative therapies for patients with breast cancer and related conditions through innovative research, rigorous clinical trials, and collaborative partnerships. The company aims to lead in patient care by focusing on unmet medical needs.
Recent Financial Data
| Financial Metric | Value (USD) |
|---|---|
| Market Capitalization | Approximately $30 million (as of October 2023) |
| Revenue | $0 (no revenue generated in the last fiscal year) |
| Net Loss (2022) | $16.8 million |
| Cash and Cash Equivalents | $11.3 million (as of October 2023) |
| R&D Expenses (2022) | $10 million |
Clinical Development Focus
Atossa is currently focusing on several key product candidates:
- AT-301: A nasal spray formulation in development for the treatment of COVID-19 and breast cancer.
- AT-202: A therapeutic candidate targeting breast cancer prevention in high-risk patients.
- AT-X: An investigational agent aimed at improving outcomes for patients with newly diagnosed breast cancer.
Partnerships and Collaborations
Atossa Therapeutics actively collaborates with various research institutions and clinical organizations to enhance its research capabilities:
- Partner Universities: Collaborations with major universities for clinical trials.
- Research Institutes: Engaging with organizations focused on breast cancer research.
- Pharmaceutical Partnerships: Alliances with larger pharmaceutical companies for development support.
Regulatory Milestones
Atossa Therapeutics has achieved several important regulatory milestones:
- FDA Designation: Received Orphan Drug Designation for AT-301.
- Clinical Trials: Ongoing Phase 2 trials for key product candidates.
- IND Filings: Submitted Investigational New Drug (IND) applications for new therapies.
Future Vision
Atossa is dedicated to advancing its pipeline with the aim of bringing new treatment options to market that will significantly impact patient outcomes in breast cancer and related conditions. The focus remains on scientific research, clinical validation, and patient engagement to fulfill its mission.
How Atossa Therapeutics, Inc. (ATOS) Works
Overview of Atossa Therapeutics, Inc.
Overview of Atossa Therapeutics, Inc.
Atossa Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the development of innovative therapies for breast cancer and other breast conditions. The company is engaged in developing treatments that address unmet medical needs in oncology.
Business Model
The business model of Atossa Therapeutics primarily revolves around the research and development of drugs to treat breast cancer and related conditions. This includes:
- Preclinical and clinical development of drug candidates
- Partnerships with research institutions
- In-licensing and out-licensing of drug candidates
Research and Development Pipeline
Atossa's R&D pipeline includes several key drug candidates:
- AT-001 – an investigational drug for the treatment of breast cancer
- AT-H201 – a product candidate aimed at breast cancer risk reduction
- AT-H201 – a topical treatment for breast health
| Drug Candidate | Indication | Development Stage | Estimated Market Size (USD) |
|---|---|---|---|
| AT-001 | Breast Cancer | Phase 2 | ~$20 billion |
| AT-H201 | Breast Cancer Risk Reduction | Phase 1 | ~$5 billion |
| AT-H201 (Topical) | Breast Health | Preclinical | ~$1 billion |
Financial Performance
As of the fiscal year ending December 31, 2022, Atossa reported the following financial metrics:
- Revenue: $1.2 million
- Net Loss: $15.8 million
- Cash and Cash Equivalents: $30.4 million
Collaborations and Partnerships
Atossa engages in strategic collaborations to enhance its product development:
- Partnership with the University of Washington for research
- Collaboration with other biotech companies for clinical trials
Market Position and Competitors
Atossa operates in a competitive market with various other biotech and pharmaceutical companies focusing on oncology:
| Competitor | Market Capitalization (USD) | Key Products |
|---|---|---|
| Mirati Therapeutics | $2.1 billion | Adagrasib |
| Celgene Corporation | $74 billion | Revlimid |
| Blueprint Medicines | $3.4 billion | Pralsetinib |
Future Outlook
Atossa's future outlook is driven by the ongoing clinical trials and potential regulatory approvals:
- Planned Phase 2 trial for AT-001
- Continued focus on securing additional funding
- Expansion into international markets
How Atossa Therapeutics, Inc. (ATOS) Makes Money
Product Development and Sales
Atossa Therapeutics, Inc. focuses on developing therapies for breast cancer and other breast-related diseases. The company is actively engaged in the development of its proprietary drug candidates, which primarily include Endoxifen and AT-201.
Licensing Agreements
The company generates revenue through licensing agreements. For example, Atossa entered into a licensing agreement with University of California, San Francisco (UCSF) to utilize certain intellectual property.
Research and Development Grants
Atossa receives funding from grants and collaborations with various institutions. For instance, the National Institutes of Health (NIH) awarded Atossa a grant worth $1.2 million to support clinical studies related to their cancer treatments.
Financial Performance Overview
As of the most recent financial report for Q2 2023, Atossa Therapeutics reported a net loss of $5.7 million with total assets amounting to $16.3 million. The total liabilities were $3.4 million.
Revenue Breakdown
| Revenue Source | Amount (2023) |
|---|---|
| Product Sales | $0 |
| Licensing Fees | $500,000 |
| Grant Income | $1.2 million |
| Investment Income | $50,000 |
Market Capitalization
As of October 2023, Atossa Therapeutics has a market capitalization of $85 million. The company’s stock has seen fluctuations, with a 52-week range of $0.40 to $1.50.
Clinical Trials and Potential Revenue
Atossa is engaged in several clinical trials which could potentially lead to new revenue streams if successful. The projected market size for breast cancer therapies is estimated at $26.8 billion by 2025.
Strategic Partnerships
- Partnership with the National Cancer Institute (NCI) - Collaborating on study design.
- Alliance with various academic institutions - Focused on developing innovative treatments.
Investment Funding
In 2023, Atossa secured funding of $15 million through public offerings to support its R&D efforts and operational expenses.
Outlook and Projections
Analysts project that if their lead compounds move successfully through clinical trials, Atossa could achieve annual revenues exceeding $100 million by 2026.
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