Enanta Pharmaceuticals

Enanta Pharmaceuticals

ENTA
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ENTA · Stock Price

USD 15.09+9.77 (+183.65%)
Market Cap: $441.8M

Historical price data

Market Cap: $441.8MPipeline: 44 drugsPatents: 20Founded: 1995HQ: Watertown, United States

Overview

Enanta Pharmaceuticals is a clinical-stage biotech focused on discovering and developing oral small-molecule drugs for virology and immunology. The company's foundational achievement was its collaboration with AbbVie that yielded two HCV protease inhibitors, glecaprevir and paritaprevir, which are components of blockbuster combination therapies. Its current strategy pivots on advancing its lead RSV N-protein inhibitor, zelicapavir (EDP-938), and building an immunology pipeline targeting KIT, STAT6, and MRGPRX2 for diseases like chronic spontaneous urticaria. Enanta aims to replicate its HCV success by applying rigorous structure-based drug design to areas of significant unmet medical need.

VirologyImmunology

Technology Platform

Structure-based drug design and medicinal chemistry platform focused on discovering novel oral small-molecule inhibitors of viral proteins (e.g., RSV N-protein) and key immune system drivers (KIT, STAT6, MRGPRX2).

Pipeline

44
44 drugs in pipeline
DrugIndicationStageWatch
EDP-305 Dose 1 + EDP-305 Dose 2 + PlaceboNon-Alcoholic SteatohepatitisPhase 2
EDP-938 + PlaceboRespiratory Syncytial Virus InfectionsPhase 2
EDP-305 1.5 mg + EDP-305 2 mg + PlaceboNon-Alcoholic SteatohepatitisPhase 2
EDP-938 + PlaceboRespiratory Syncytial VirusPhase 2
EDP-938 Dose 1 + EDP-938 Dose 2 + Placebo + EDP-938 Dose 3 +...RSV InfectionPhase 2

Funding History

3
Total raised:$80M
IPO$60M
Series A$20M
SeedUndisclosed

Opportunities

The lead RSV program, zelicapavir, targets a massive, underserved global treatment market with no approved oral therapeutic, representing a multi-billion dollar opportunity.
In immunology, the pursuit of oral inhibitors for type 2 inflammation (CSU, etc.) offers a compelling convenience advantage in markets dominated by injectable biologics.

Risk Factors

The company faces high clinical risk, with its valuation heavily dependent on the success of a single Phase 2b asset (zelicapavir) in a competitive RSV landscape.
Financial runway is a concern, as declining HCV royalties increase reliance on capital markets to fund development, risking shareholder dilution.

Competitive Landscape

In RSV, zelicapavir competes with both preventative vaccines/mAbs and other oral therapeutics in development, requiring clear efficacy differentiation. In immunology, Enanta's oral KIT/STAT6 inhibitors must demonstrate comparable efficacy to established injectable biologics from large pharma to capture market share in crowded type 2 inflammation markets.

Company Timeline

1995Founded

Founded in Watertown, United States

2000Series A

Series A: $20.0M

2013IPO

IPO — $60.0M