Company Tourmaline Bio, Inc.

Equities

TRML

US89157D1054

Biotechnology & Medical Research

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
15.68 USD -2.00% Intraday chart for Tourmaline Bio, Inc. +1.49% -40.11%

Business Summary

Tourmaline Bio, Inc. is a late-stage clinical biotechnology company. The Company is focused on developing transformative medicines that improve the lives of patients with life-altering immune and inflammatory diseases. The Company’s initial product candidate is TOUR006, a fully human monoclonal antibody that selectively binds to interleukin-6 (IL-6), a key proinflammatory cytokine involved in the pathogenesis of many autoimmune and inflammatory disorders. TOUR006 is a long-acting anti-IL-6 antibody which has properties, including a high binding affinity to IL-6, long half-life, and low observed immunogenicity. It is also developing TOUR006 in thyroid eye disease (TED) and atherosclerotic cardiovascular disease (ASCVD) as its first two indications, with additional diseases under consideration. It is focused on two strategic paths for TOUR006, the first of which it refers to as FcRn+. Its second strategic path is cardiovascular inflammation.

Number of employees: 44

Members of the board

Members of the board TitleAgeSince

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 25,646,509 21,987,881 ( 85.73 %) 0 85.73 %

Shareholders

NameEquities%Valuation
Deep Track Capital LP
7.080 %
1,815,854 7.080 % 42 M $
1,702,164 6.637 % 39 M $
TCG Crossover Management LLC
5.761 %
1,477,593 5.761 % 34 M $
Blue Owl Healthcare Opportunities Advisors LLC
5.195 %
1,332,302 5.195 % 31 M $
1,272,214 4.961 % 29 M $
974,558 3.800 % 22 M $
QVT Financial LP
3.698 %
948,367 3.698 % 22 M $
Braidwell LP
3.536 %
906,820 3.536 % 21 M $
Avoro Capital Advisor LLC
3.386 %
868,407 3.386 % 20 M $
Vanguard Global Advisers LLC
2.978 %
763,752 2.978 % 17 M $
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