52W $1.71 – $5.95
Larimar Therapeutics, Inc.
Larimar Therapeutics, Inc. (LRMR), a clinical-stage biotech focused on nomlabofusp for Friedreich's ataxia, reported a FY 2025 net loss of $165.7 million, widening from $80.6 million in 2024, primarily due to surging research and development expenses of $154.2 million (up from $73.3 million) driven by nomlabofusp manufacturing scale-up, clinical studies, and process qualification. General and administrative expenses rose slightly to...
Larimar Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing treatments for rare diseases using its novel cell penetrating peptide technology platform. Its lead product candidate is CTI-1601, which is in Phase 1 clinical trial for the treatment of Friedreich's ataxia, a rare, progressive, and fatal genetic disease. The company is based in Bala Cynwyd, Pennsylvania.