Tarsus Pharmaceuticals

Tarsus Pharmaceuticals

TARS
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TARS · Stock Price

USD 63.96+19.20 (+42.90%)
Market Cap: $2.7B

Historical price data

Market Cap: $2.7BPipeline: 11 drugs (2 Phase 3)Patents: 15Founded: 2016HQ: Irvine, United States

Overview

Tarsus Pharmaceuticals is a mission-driven biotech focused on revolutionizing treatment for patients by developing novel, mechanism-driven therapeutics. Its landmark achievement is the 2023 FDA approval of XDEMVY® (lotilaner ophthalmic solution) 0.25%, the first and only therapy for Demodex blepharitis, transitioning the company to commercial stage. Tarsus's strategy centers on identifying validated biological targets and repurposing or developing precise small-molecule drugs to address root causes in large markets with limited options. The company is now executing on the commercialization of XDEMVY while advancing a pipeline of 11 candidates, including late-stage programs for Meibomian gland disease and early-stage assets for Lyme disease prevention.

OphthalmologyInfectious DiseaseDermatology

Technology Platform

A targeted therapeutic development strategy focused on identifying validated biological targets and repurposing or developing precise small-molecule drugs to address the root cause of diseases with high unmet need, emphasizing translational science and development efficiency.

Pipeline

11
11 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
Lotilaner ophthalmic solution, 0.25% + Vehicle controlDemodex BlepharitisApproved
TP-03 + TP-03 VehicleBlepharitisPhase 3
TP-03, 0.25% + TP-03 VehicleBlepharitisPhase 2/3
Vehicle of TP-03Meibomian Gland DysfunctionPhase 2
Lotilaner Gel, 2.0%Papulopustular RosaceaPhase 2

Funding History

3
Total raised:$126M
IPO$86M
Series B$30M
Series A$10M

FDA Approved Drugs

1
XDEMVYNDAJul 24, 2023

Company Timeline

2016Founded

Founded in Irvine, United States

2016Series A

Series A: $10.0M

2018Series B

Series B: $30.0M

2020IPO

IPO — $86.0M

2023FDA Approval

FDA Approval: XDEMVY