Spero Therapeutics

Spero Therapeutics

SPRO
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SPRO · Stock Price

USD 2.51+1.94 (+336.52%)
Market Cap: $145.9M

Historical price data

Market Cap: $145.9MPipeline: 22 drugs (2 Phase 3)Founded: 2013HQ: Boston, United States

Overview

Spero Therapeutics is a Boston-based biotech focused on rare diseases and antibiotic-resistant infections, leveraging a capital-efficient, partnership-driven model. Its defining achievement is the positive Phase 3 readout for tebipenem HBr, an oral carbapenem for complicated urinary tract infections, which could become the first oral drug in its class and offers a paradigm shift from IV to oral treatment. The company's strategy involves in-licensing and developing assets with clear differentiation, targeting areas with scarce therapeutic options. With a lean team and a history of strategic collaborations, Spero is poised to advance its lead candidate toward regulatory submission while exploring its pipeline.

Infectious DiseasesRare Diseases

Technology Platform

Spero employs a strategic, partnership-driven development model focused on identifying and advancing novel therapeutic candidates with clear differentiation (e.g., oral bioavailability for IV-only drug classes) for high-unmet-need niches in rare diseases and multidrug-resistant infections.

Pipeline

22
22 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
TBP-PI-HBr + Imipenem-cilastatin + Dummy Infusion + Dummy Ta...Urinary Tract InfectionPhase 3
TBPM-PI-HBr + Ertapenem + Dummy Infusion + Dummy tabletsComplicated Urinary Tract InfectionPhase 3
SPR720 + Placebo + Open-label Standard of CareMycobacterium Avium ComplexPhase 2
Placebo + SPR720 500 mg + SPR720 1000 mgNontuberculous Mycobacterial Pulmonary Disease (NTM-PD)Phase 2
SPR994 + Placebo Oral Tablet + Orapenem®Healthy VolunteersPhase 1

Funding History

4
Total raised:$255M
Series C$80M
IPO$75M
Series B$70M
Series A$30M

Opportunities

The successful Phase 3 trial for oral tebipenem HBr presents a near-term opportunity to secure the first oral carbapenem approval for cUTI, enabling a major shift from inpatient IV treatment to outpatient oral therapy.
This addresses significant healthcare economic and patient convenience needs.
Additionally, the company's focus on rare diseases like NTM pulmonary disease offers opportunities for premium-priced therapies in areas with severe unmet medical need.

Risk Factors

The company faces significant regulatory risk as tebipenem HBr advances toward FDA review, and commercial risk in the challenging antibiotic market where pricing and stewardship are headwinds.
Spero's financial sustainability and pipeline progression are heavily reliant on the success of this single lead asset and its partnership with GSK, creating high concentration risk.

Competitive Landscape

Tebipenem HBr's primary competition is the current standard of IV antibiotics and hospitalization; its key differentiator is its oral formulation enabling site-of-care shift. In the broader landscape, it competes with other IV agents for resistant Gram-negative infections but will face limited direct oral competition. In NTM, SPR720 would compete against complex, toxic multidrug regimens and newer inhaled therapies.

Company Timeline

2013Founded

Founded in Boston, United States

2017IPO

IPO — $75.0M

2017Series B

Series B: $70.0M

2018Series C

Series C: $80.0M