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Curanex Pharmaceuticals Inc (NASDAQ: CURX) is a development-stage company headquartered in Jericho, New York. Founded in 2019 (formerly Fordman Pharma Inc.; name changed November 2023), the firm focuses on discovering, developing, and commercializing botanical drugs for inflammatory and immune-mediated diseases.
Corporate Structure
Curanex maintains a workforce of approximately 51–200 employees. Its founding scientists have worked in phytomedicine since 1996 and have built a proprietary platform to identify and optimize anti-inflammatory compounds from medicinal plants.
Botanical drugs by Angel Sinigersky
Developments and News
- August 26, 2025: Shares began trading on the Nasdaq Capital Market at $4.00 per share, following a firm-commitment IPO of 3,750,000 shares.
- August 27, 2025: Company closed its IPO, raising gross proceeds of $15 million; underwriters may purchase up to 562,500 additional shares within 45 days.
- September 9, 2025: Filed Form 10-Q covering quarterly results under Sections 13/15(d) of the Securities Exchange Act.
- September 12, 2025: Filed Form 8-K disclosing material events under Items 8.01 and 9.01.
Financial and Strategic Analysis
As of September 26, 2025, CURX shares traded at $0.9928, reflecting a 46.22% increase on a volume of 6,307,734 shares. The following table summarizes key metrics (sourced from Yahoo Finance, trailing twelve-month figures unless noted):
| Metric | Value |
|---|---|
| Market Capitalization | $155.4 million |
| Enterprise Value | $155.49 million |
| Price/Book (MRQ) | 424.97 |
| EPS (TTM) | -$0.02 |
| Net Income (TTM) | -$418.9 thousand |
| Profit Margin | 0.00% |
| Return on Assets (TTM) | -28.92% |
| Return on Equity (TTM) | -196.72% |
| Total Cash (MRQ) | $198.94 thousand |
| Total Debt/Equity (MRQ) | 79.61% |
| Levered Free Cash Flow (TTM) | -$279.1 thousand |
| Average Daily Volume | 4,165,275 |
Strategically, Curanex’s lead candidate, Phyto-N, is a proprietary botanical extract that has shown anti-inflammatory effects in animal models for indications including ulcerative colitis, atopic dermatitis, COVID-19, diabetes, nonalcoholic fatty liver disease, and gout. The company plans to submit an Investigational New Drug (IND) application and initiate Phase I clinical trials, primarily focusing on moderate to severe ulcerative colitis.
Market Position and Industry Context
In the pharmaceutical manufacturing sector, Curanex occupies a niche in botanical drug development for inflammatory diseases. As a small-cap, development-stage company, it experiences volatility; its share price has increased significantly since its August 2025 IPO. Curanex operates without coverage from sell-side analysts. Competition includes both traditional biotech firms and other developers of natural products. Trading volume suggests investor interest following the company's public offering.
TL;DR
As of September 26, 2025, CURX shares increased by 46.22% amid investor interest following the IPO. The firm closed its public offering on August 27, 2025, having raised $15 million, and provided underwriters an option exercisable through October 11, 2025. Curanex is advancing its botanical candidate, Phyto-N, toward an IND submission and Phase I trials in the near future.
