LeonaBio

LeonaBio

LONA
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LONA · Stock Price

USD 9.86-0.06 (-0.60%)
Market Cap: $92.5M

Historical price data

Overview

LeonaBio, a rebranded entity from Athira Pharma, is a clinical-stage biotech focused on oncology and neurology. Its strategy pivoted decisively in late 2025 with the in-licensing of the Phase 3 breast cancer candidate lasofoxifene and a financing package of up to $236 million. The company's mission is to advance targeted, small molecule therapeutics for specific, underserved patient populations, leveraging differentiated mechanisms of action to address critical resistance pathways in cancer and neurodegeneration.

OncologyNeurology

Technology Platform

Strategic application of distinct small molecule mechanisms targeting validated pathways: ESR1 in endocrine-resistant breast cancer and the HGF/MET neurotrophic system in ALS.

Pipeline

8
8 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
ATH-1017Alzheimer DiseasePhase 2/3
ATH-1017 + PlaceboAlzheimer DiseasePhase 2/3
ATH-1017 + PlaceboAlzheimer DiseasePhase 2
ATH-1017 + PlaceboParkinson Disease DementiaPhase 2
ATH-1105 + PlaceboHealthy VolunteersPhase 1

Opportunities

Lasofoxifene addresses a large, growing niche of ESR1-mutant metastatic breast cancer with high unmet need.
ATH-1105 targets the ALS market, which rewards novel, effective therapies with premium pricing and partnership potential.

Risk Factors

High clinical failure risk for both lead assets.
The company is heavily dependent on the success of lasofoxifene.
It faces intense competition in the breast cancer space and must execute a complex Phase 3 trial efficiently.

Competitive Landscape

Lasofoxifene competes with oral SERDs like elacestrant in the ESR1-mutant breast cancer segment. ATH-1105 enters a competitive ALS field with diverse mechanisms, requiring clear differentiation on efficacy or safety to succeed.