Heron Therapeutics

Heron Therapeutics

HRTX
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HRTX · Stock Price

USD 1.24+0.46 (+58.97%)
Market Cap: $233.9M

Historical price data

Market Cap: $233.9MPipeline: 28 drugs (6 Phase 3)Founded: 1983HQ: San Diego, United States

Overview

Heron Therapeutics is a fully integrated biopharmaceutical company with a mission to improve patient lives through best-in-class, non-opioid medicines. The company has successfully commercialized a portfolio of four products targeting postoperative pain (ZYNRELEF®) and nausea/vomiting (SUSTOL®, CINVANTI®, APONVIE®), leveraging its proprietary Biochronomer® drug delivery technology to create sustained-release formulations. Its strategy focuses on addressing significant unmet needs in acute and oncology care by providing long-duration, localized therapy from a single administration, thereby reducing systemic side effects and healthcare burdens associated with opioid use and uncontrolled symptoms.

Acute CareOncology Supportive Care

Technology Platform

Biochronomer® polymer-based drug delivery platform for sustained, localized release of therapeutics over days to weeks from a single injection.

Pipeline

28
28 drugs in pipeline6 in Phase 3
DrugIndicationStageWatch
SUSTOLChemotherapy-Induced Nausea and Vomiting (CINV)Approved
HTX-011 + Bupivacaine Hydrochloride + Ibuprofen + Acetaminop...AnalgesiaApproved
Bupivacaine HClAnalgesiaApproved
HTX-011 + Bupivacaine Hydrochloride + Ibuprofen + Acetaminop...Postoperative PainApproved
Bupivacaine liposome injectable suspension + Bupivacaine HCl...AnalgesiaApproved

Funding History

3
Total raised:$215M
PIPE$125M
IPO$60M
Series A$30M

Opportunities

Heron has a significant opportunity to capitalize on the national drive to reduce opioid use by driving adoption of its non-opioid, long-acting analgesic ZYNRELEF® across millions of annual surgeries.
Furthermore, guideline inclusion for APONVIE® provides a catalyst for capturing share in the large PONV market within hospital formularies.

Risk Factors

The company faces extreme financial risk with a low market valuation, making it heavily dependent on rapid commercial success of ZYNRELEF® to achieve sustainability.
Intense competition from generics and established branded products in both pain and antiemetic markets poses a major threat to pricing and market penetration.

Competitive Landscape

Heron competes in crowded markets: ZYNRELEF® faces off against generic opioids and branded long-acting local anesthetics, while its antiemetics compete with a wide array of generic and branded 5-HT3 and NK-1 antagonists. Its differentiation stems from delivery technology enabling prolonged effect or rapid administration.

Company Timeline

1983Founded

Founded in San Diego, United States

2007Series A

Series A: $30.0M

2013IPO

IPO — $60.0M

2018PIPE

PIPE: $125.0M