Turn Therapeutics

Turn Therapeutics

TTRX
Is this your company? Claim your profile to update info and connect with investors.
Claim profile

TTRX · Stock Price

USD 3.80-3.20 (-45.79%)
Market Cap: $109.9M

Historical price data

Overview

Turn Therapeutics is advancing a pipeline of first-in-class, localized cytokine-modulating therapies, beginning with dermatologic inflammation. The company's mission is to deliver biologic-level efficacy precisely where disease occurs, avoiding the systemic side effects associated with injectable biologics. It has achieved regulatory validation with three FDA clearances for its proprietary wound and dermatology formulations, which support a capital-efficient business model. Turn's lead program, GX-03, is a topical modulator targeting IL-36 and other key cytokines for moderate-to-severe atopic dermatitis (eczema).

DermatologyWound CareInfectious Disease

Technology Platform

Patented platform for localized cytokine modulation via topical delivery, centered on the PermaFusion® drug delivery system and designed to target inflammatory pathways at the site of disease without systemic exposure.

Pipeline

1
1 drug in pipeline
DrugIndicationStageWatch
GX-03 + Petrolatum ointmentCovid19Phase 2

Opportunities

The primary opportunity is addressing the massive unmet need for a safe, effective, non-systemic treatment for moderate-to-severe atopic dermatitis, a multi-billion dollar market.
Success could establish a new therapeutic category.
Secondary opportunities include expanding the platform to other IL-36-mediated diseases and leveraging the thermostable vaccine technology for global health impact.

Risk Factors

High clinical development risk for its novel Phase 1 candidate GX-03; intense competition in dermatology from established systemic therapies; potential future dilution from necessary capital raises; and a leadership team that may require bolstering with late-stage dermatology drug development expertise.

Competitive Landscape

In dermatology, Turn faces dominant systemic biologics and JAK inhibitors, and competition from other topical agents. Its key differentiation is targeting the IL-36 pathway topically with a non-systemic profile. In wound care, it competes in a fragmented market with its differentiated PermaFusion® technology.