Profile
Sector:
HealthcareIndustry:
BiotechnologyCountry:
United StatesIPO:
31 October 2019Website:
http://www.rapt.comNext earnings report:
07 March 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:26:39 GMTDividend
Analysts recommendations
Institutional Ownership
RAPT Latest News
Rapt Therapeutics (RAPT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
RAPT Therapeutics' main drug candidate, zelnecirnon, is currently in phase 2 trials for atopic dermatitis and asthma. The phase 1b results for atopic dermatitis were very positive, and there is potential for expansion into other areas. A clinical hold was issued by the FDA due to a case of liver failure in a patient with a complicated medical history. RAPT had to unblind both ongoing phase 2 studies as a result. It is unlikely that zelnecirnon was the direct cause of the liver failure, as there are other possible explanations and no previous evidence of liver toxicity in preclinical or clinical studies.
The intense selling pressure for Rapt Therapeutics (RAPT) may have subsided as it is currently oversold. Furthermore, the consensus among analysts in raising earnings estimates suggests that the stock is ready for a turnaround.
RAPT Therapeutics (RAPT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
RAPT Therapeutics Inc. shares RAPT, +1.68% dropped more than 60% premarket on Tuesday after the company said regulators have hit pause on two clinical trials of its experimental inflammation treatment due to liver failure in a trial participant.
RAPT Therapeutics has solid data from early trials but has a habit of going down on good data. One reason could be that the stock is heavily institution-owned. Their next major catalyst is one year away.
RAPT Therapeutics, Inc. is a clinical-stage biotech developer of specific small molecules that can modulate the critical immune drivers of inflammatory diseases and oncology. The pipeline of investigational therapies includes FLX475 as a potential treatment for advanced cancers and RPT193, which targets atopic dermatitis and asthma.
What type of business is RAPT Therapeutics?
RAPT Therapeutics, Inc., a clinical-stage immunology-based biopharmaceutical company, focuses on discovery, development, and commercialization of oral small molecule therapies for patients with unmet needs in oncology and inflammatory diseases in the United States. The company's lead inflammation drug candidate is zelnecirnon (RPT193), a C-C motif chemokine receptor 4 (CCR4) antagonist that selectively inhibit the migration of type 2 T helper cells into inflamed tissues. Its lead oncology drug candidate is tivumecirnon (FLX475), an oral small molecule CCR4 antagonist that is in the Phase 1/2 clinical trial to investigate as a monotherapy and in combination with pembrolizumab in patients with advanced cancer. The company was formerly known as FLX Bio, Inc. and changed its name to RAPT Therapeutics, Inc. in May 2019. RAPT Therapeutics, Inc. was incorporated in 2015 and is headquartered in South San Francisco, California.
What sector is RAPT Therapeutics in?
RAPT Therapeutics is in the Healthcare sector
What industry is RAPT Therapeutics in?
RAPT Therapeutics is in the Biotechnology industry
What country is RAPT Therapeutics from?
RAPT Therapeutics is headquartered in United States
When did RAPT Therapeutics go public?
RAPT Therapeutics initial public offering (IPO) was on 31 October 2019
What is RAPT Therapeutics website?
https://www.rapt.com
Is RAPT Therapeutics in the S&P 500?
No, RAPT Therapeutics is not included in the S&P 500 index
Is RAPT Therapeutics in the NASDAQ 100?
No, RAPT Therapeutics is not included in the NASDAQ 100 index
Is RAPT Therapeutics in the Dow Jones?
No, RAPT Therapeutics is not included in the Dow Jones index
When was RAPT Therapeutics the previous earnings report?
No data
When does RAPT Therapeutics earnings report?
The next expected earnings date for RAPT Therapeutics is 07 March 2025