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Tourmaline Bio (TRML) Company Overview

Profile

Full Name:

Tourmaline Bio, Inc.

Sector:

Healthcare

Industry:

Biotechnology

Country:

United States

IPO:

May 7, 2021

Indexes:

Not included

Description:

Tourmaline Bio is a biotechnology company focused on developing innovative therapies for cancer treatment. They use advanced technology to create personalized medicines that target specific cancer cells, aiming to improve patient outcomes and reduce side effects. Their mission is to transform cancer care through cutting-edge research and development.

Events Calendar

Earnings

Next earnings date:

Mar 19, 2025

Recent quarterly earnings:

Nov 7, 2024

Recent annual earnings:

Mar 19, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

Oct 20, 2023

Analyst ratings

Recent major analysts updates

Dec 11, 24 HC Wainwright & Co.
Buy
Dec 11, 24 Guggenheim
Buy
Dec 11, 24 Cantor Fitzgerald
Overweight
Dec 6, 24 BMO Capital
Outperform
Nov 11, 24 HC Wainwright & Co.
Buy
Aug 12, 24 HC Wainwright & Co.
Buy
May 14, 24 HC Wainwright & Co.
Buy
Mar 25, 24 Truist Securities
Buy
Mar 20, 24 Jefferies
Buy
Mar 20, 24 HC Wainwright & Co.
Buy

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Institutional Ownership

Tourmaline Strengthens Cardiovascular Scientific Advisory Board with Appointment of Dr. Paul M. Ridker
Tourmaline Strengthens Cardiovascular Scientific Advisory Board with Appointment of Dr. Paul M. Ridker
Tourmaline Strengthens Cardiovascular Scientific Advisory Board with Appointment of Dr. Paul M. Ridker
TRML
globenewswire.comJanuary 10, 2025

NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced that Paul M. Ridker, MD, MPH, Eugene Braunwald Professor of Medicine at the Harvard Medical School and Director of the Center for Cardiovascular Disease Prevention at Brigham and Women's Hospital, has joined Tourmaline's Cardiovascular Scientific Advisory Board (CV SAB).

Tourmaline Bio Highlights Cardiovascular Inflammation Focus and Announces Key Clinical and Strategic Updates at Investor Day
Tourmaline Bio Highlights Cardiovascular Inflammation Focus and Announces Key Clinical and Strategic Updates at Investor Day
Tourmaline Bio Highlights Cardiovascular Inflammation Focus and Announces Key Clinical and Strategic Updates at Investor Day
TRML
globenewswire.comDecember 10, 2024

– Phase 2 TRANQUILITY trial surpasses enrollment target, with 143 total patients enrolled; topline data expected in second quarter of 2025 – – Deepak L. Bhatt, MD, MPH, MBA and Dipender Gill, MD, PhD join Cardiovascular Scientific Advisory Board – – Company nominates abdominal aortic aneurysm as second cardiovascular indication for pacibekitug, expanding development for inflammation-driven cardiovascular disease – NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today is hosting its Investor Day, beginning at 10 a.m.

Tourmaline Bio to Host Investor Day on Tuesday, December 10, 2024
Tourmaline Bio to Host Investor Day on Tuesday, December 10, 2024
Tourmaline Bio to Host Investor Day on Tuesday, December 10, 2024
TRML
globenewswire.comNovember 14, 2024

NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, announced today that it will host a virtual Investor Day on December 10, 2024, beginning at 10 a.m. ET. The event will include presentations from Tourmaline's leadership team and Dr. Marc Bonaca, a cardiologist and vascular medicine specialist serving as Executive Director of CPC Clinical Research and Professor of Medicine and William R.

Tourmaline Bio Reports Third Quarter 2024 Financial Results and Recent Business Highlights
Tourmaline Bio Reports Third Quarter 2024 Financial Results and Recent Business Highlights
Tourmaline Bio Reports Third Quarter 2024 Financial Results and Recent Business Highlights
TRML
globenewswire.comNovember 7, 2024

– On track to report topline data from Phase 2 TRANQUILITY trial in first half of 2025 – – Assembled Cardiovascular Scientific Advisory Board (CV SAB), comprised of leading academic and industry experts, in October 2024 – – Showcased poster presentations at the American Society of Preventive Cardiology Annual Congress in August 2024 and the 19th Annual Cardiometabolic Health Congress in October 2024 – – Cash, cash equivalents and investments of $314.4 million as of September 30, 2024, providing cash runway into 2027 – NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced its financial results for the third quarter of 2024 and outlined recent business highlights. “We are proud of the continued momentum building at Tourmaline, highlighted by the formation of our Cardiovascular Scientific Advisory Board last month,” said Sandeep Kulkarni, MD, Co-Founder and Chief Executive Officer of Tourmaline.

Tourmaline Bio: Looking To Go Beyond FcRn Inhibition With IL-6 Targeting
Tourmaline Bio: Looking To Go Beyond FcRn Inhibition With IL-6 Targeting
Tourmaline Bio: Looking To Go Beyond FcRn Inhibition With IL-6 Targeting
TRML
seekingalpha.comOctober 13, 2024

Tourmaline Bio's Pacibekitug shows promise in treating thyroid eye disease, with pivotal phase 2b data expected in 2025 and a phase 3 study starting in 2024. The 7 major thyroid eye disease markets are expected to reach $4.13 billion by 2034. The company is also exploring Pacibekitug for atherosclerotic cardiovascular disease, with phase 2 TRANQUILITY study results anticipated in the first half of 2025.

Tourmaline Bio to Showcase Two Poster Presentations at the 2024 Cardiometabolic Health Congress
Tourmaline Bio to Showcase Two Poster Presentations at the 2024 Cardiometabolic Health Congress
Tourmaline Bio to Showcase Two Poster Presentations at the 2024 Cardiometabolic Health Congress
TRML
globenewswire.comOctober 11, 2024

NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced that it expects to present two posters at the upcoming 19th Annual Cardiometabolic Health Congress (CMHC), taking place October 17-19, 2024, in Boston, MA. These posters highlight Tourmaline's ongoing commitment to further characterizing inflammatory cardiovascular risk, as well as potential therapeutic mechanisms of IL-6 inhibition.

Tourmaline Bio Announces Formation of Cardiovascular Scientific Advisory Board
Tourmaline Bio Announces Formation of Cardiovascular Scientific Advisory Board
Tourmaline Bio Announces Formation of Cardiovascular Scientific Advisory Board
TRML
globenewswire.comOctober 8, 2024

– Tourmaline assembles leading experts to support the development of pacibekitug for cardiovascular diseases – – Cardiovascular Scientific Advisory Board expected to provide strategic guidance as Tourmaline advances pacibekitug towards potential Phase 3 clinical trial readiness in 2025 for the treatment of cardiovascular diseases – NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) --  Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced the formation of its Cardiovascular Scientific Advisory Board (CV SAB). The CV SAB is expected to provide strategic guidance and expertise as Tourmaline advances its pacibekitug cardiovascular diseases program, including the TRANQUILITY Phase 2 clinical trial that commenced earlier this year and for which Tourmaline continues to expect topline data in the first half of 2025.

Tourmaline Bio to Present at Upcoming Investor Conferences
Tourmaline Bio to Present at Upcoming Investor Conferences
Tourmaline Bio to Present at Upcoming Investor Conferences
TRML
globenewswire.comSeptember 3, 2024

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced that Sandeep Kulkarni, CEO, is expected to participate in the following investor conferences: H.C.

Tourmaline Bio Reports Second Quarter 2024 Financial Results and Recent Business Highlights
Tourmaline Bio Reports Second Quarter 2024 Financial Results and Recent Business Highlights
Tourmaline Bio Reports Second Quarter 2024 Financial Results and Recent Business Highlights
TRML
globenewswire.comAugust 8, 2024

– First patient dosed in May 2024 in Phase 2 TRANQUILITY trial evaluating pacibekitug (TOUR006) in patients with high cardiovascular risk – – On track to initiate a pivotal Phase 3 trial evaluating pacibekitug delivered subcutaneously every 8 weeks as first-line treatment for Thyroid Eye Disease (TED) in the second half of 2024 – – Added to the Russell 2000® Index and the broad-market Russell 3000® Index in June 2024 – – Cash, cash equivalents and investments of $334.4 million as of June 30, 2024, providing cash runway into 2027 – NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced its financial results for the second quarter of 2024 and outlined recent business highlights. “The second quarter of 2024 was another period of strong execution by Tourmaline, including the dosing of the first patient in the Phase 2 TRANQUILITY trial.

Tourmaline Bio Announces the Promotion of Ryan Robinson to Chief Financial Officer
Tourmaline Bio Announces the Promotion of Ryan Robinson to Chief Financial Officer
Tourmaline Bio Announces the Promotion of Ryan Robinson to Chief Financial Officer
TRML
globenewswire.comJune 27, 2024

NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced the promotion of Ryan Robinson, CPA, to Chief Financial Officer and Treasurer, effective June 25, 2024. Mr. Robinson most recently held the role of Vice President, Finance and Controller at Tourmaline, in addition to serving as Tourmaline's Interim Chief Financial Officer and Treasurer since October 2023.

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FAQ

  • What is the ticker symbol for Tourmaline Bio?
  • Does Tourmaline Bio pay dividends?
  • What sector is Tourmaline Bio in?
  • What industry is Tourmaline Bio in?
  • What country is Tourmaline Bio based in?
  • When did Tourmaline Bio go public?
  • Is Tourmaline Bio in the S&P 500?
  • Is Tourmaline Bio in the NASDAQ 100?
  • Is Tourmaline Bio in the Dow Jones?
  • When was Tourmaline Bio's last earnings report?
  • When does Tourmaline Bio report earnings?
  • Should I buy Tourmaline Bio stock now?

What is the ticker symbol for Tourmaline Bio?

The ticker symbol for Tourmaline Bio is NASDAQ:TRML

Does Tourmaline Bio pay dividends?

No, Tourmaline Bio does not pay dividends

What sector is Tourmaline Bio in?

Tourmaline Bio is in the Healthcare sector

What industry is Tourmaline Bio in?

Tourmaline Bio is in the Biotechnology industry

What country is Tourmaline Bio based in?

Tourmaline Bio is headquartered in United States

When did Tourmaline Bio go public?

Tourmaline Bio's initial public offering (IPO) was on May 7, 2021

Is Tourmaline Bio in the S&P 500?

No, Tourmaline Bio is not included in the S&P 500 index

Is Tourmaline Bio in the NASDAQ 100?

No, Tourmaline Bio is not included in the NASDAQ 100 index

Is Tourmaline Bio in the Dow Jones?

No, Tourmaline Bio is not included in the Dow Jones index

When was Tourmaline Bio's last earnings report?

Tourmaline Bio's most recent earnings report was on Nov 7, 2024

When does Tourmaline Bio report earnings?

The next expected earnings date for Tourmaline Bio is Mar 19, 2025

Should I buy Tourmaline Bio stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions