Equillium

Equillium

EQ
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EQ · Stock Price

USD 2.14+0.01 (+0.47%)
Market Cap: $140.4M

Historical price data

Market Cap: $140.4MPipeline: 2 drugsFounded: 2017Employees: 11-50HQ: La Jolla, United States

Overview

Equillium is a public, clinical-stage biotech focused on developing first-in-class therapeutics that selectively modulate the immune system to treat severe autoimmune and inflammatory conditions. Its strategy is built on two core platforms: a Multi-Cytokine Inhibitor platform centered on itolizumab (EQ001) and an Aryl Hydrocarbon Receptor (AhR) modulation platform with EQ504. The company is actively advancing its lead candidate, itolizumab, in Phase 1b trials for aGVHD and lupus/lupus nephritis, targeting significant market opportunities with a differentiated mechanism designed to avoid broad immunosuppression.

Autoimmune DiseasesInflammatory Disorders

Technology Platform

Two core platforms: 1) A Multi-Cytokine Inhibitor platform generating structured-domain peptides and antibodies (e.g., itolizumab targeting CD6) to selectively modulate pathogenic T-cells, and 2) an Aryl Hydrocarbon Receptor (AhR) modulation platform designed for non-immunosuppressive barrier tissue repair and immunoregulation.

Pipeline

2
2 drugs in pipeline
DrugIndicationStageWatch
BNZ-1 + Normal salineAlopecia AreataPhase 2
EQ101Alopecia AreataPhase 2

Funding History

3
Total raised:$175M
IPO$75M
Series B$60M
Series A$40M

Opportunities

Equillium addresses large markets with high unmet need, such as steroid-refractory aGVHD and lupus nephritis, where novel mechanisms can command premium pricing.
Its dual-platform strategy provides two shots on goal and diversifies risk.
Positive clinical data for itolizumab could trigger valuable partnership deals in major autoimmune indications.

Risk Factors

The company faces high clinical trial failure risk common to all biotechs.
As a pre-revenue firm, it requires continual capital raises, leading to shareholder dilution.
Intense competition in autoimmune drug development necessitates demonstrating clear superiority or differentiation for commercial success.

Competitive Landscape

Itolizumab competes with JAK inhibitors and other novel agents in aGVHD and against established biologics in lupus. Its differentiation is a first-in-class CD6 target. EQ504 would enter a crowded asthma market but offers a unique, non-immunosuppressive AhR mechanism focused on barrier repair.

Company Timeline

2017Founded

Founded in La Jolla, United States

2017Series A

Series A: $40.0M

2018IPO

IPO — $75.0M

2018Series B

Series B: $60.0M