Pharvaris

Pharvaris

PHVS
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PHVS · Stock Price

USD 30.11+13.07 (+76.70%)
Market Cap: $2.0B

Historical price data

Market Cap: $2.0BPipeline: 8 drugs (6 Phase 3)Patents: 2Founded: 2015HQ: Leiden, Netherlands

Overview

Pharvaris is a late-stage biopharma focused on transforming the treatment paradigm for bradykinin-mediated angioedema, particularly hereditary angioedema (HAE), through oral therapies. Its lead asset, deucrictibant, is a novel oral B2 receptor antagonist in pivotal Phase 3 trials for both on-demand and prophylactic treatment of HAE attacks. The company's strategy is to provide patients and physicians with effective, convenient, and well-tolerated oral alternatives to the current standard of injectable therapies, potentially capturing a significant share of the growing HAE market.

Hereditary Angioedema (HAE)Acquired Angioedema (AAE-C1INH)

Technology Platform

Rational drug design of oral small-molecule antagonists targeting the bradykinin B2 receptor, with optimized immediate-release and extended-release formulations for on-demand and prophylactic treatment.

Pipeline

8
8 drugs in pipeline6 in Phase 3
DrugIndicationStageWatch
Deucrictibant, PlaceboHereditary AngioedemaPhase 3
DeucrictibantHereditary Angioedema (HAE)Phase 3
Deucrictibant + PlaceboHereditary Angioedema (HAE)Phase 3
Deucrictibant + Placebo + Deucrictibant + Placebo + Deucrict...Acquired Angioedema Due to C1-Inhibitor Deficiency (AAE-C1-INH)Phase 3
Icatibant + PlaceboIntradialytic HypotensionPhase 3

Funding History

2
Total raised:$60M
IPOUndisclosed
Series B$60M

Opportunities

Pharvaris addresses a multi-billion dollar HAE market dominated by injectables, with a clear unmet need for effective oral therapies.
Its dual-formulation strategy for prophylaxis and on-demand treatment could capture significant market share from both segments, while expansion into AAE-C1INH offers a high-value niche.

Risk Factors

The investment thesis is highly dependent on positive data from ongoing pivotal Phase 3 trials (CHAPTER-3, RAPIDe-3).
The company faces intense competition from large pharma and other biotechs, and as a pre-revenue firm, will require significant capital to commercialize, risking shareholder dilution.

Competitive Landscape

Competition includes Takeda (injectable C1-inhibitors, oral berotralstat), CSL Behring (C1-inhibitors), and KalVista (oral sebetralstat). Pharvaris differentiates by targeting the B2 receptor with a single molecule for both prophylaxis and on-demand use, aiming for best-in-class oral efficacy and tolerability.

Company Timeline

2015Founded

Founded in Leiden, Netherlands

2020Series B

Series B: $60.0M

2021IPO

Initial Public Offering