Septerna Inc/$SEPN

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About Septerna Inc

Septerna Inc is a clinical-stage biotechnology company pioneering a new era of G protein-coupled receptor (GPCR) oral small molecule drug discovery powered by a proprietary Native Complex Platform. Its industrial-scale platform aims to unlock the full potential of GPCR therapies. The group discovery and development of a pipeline of product candidates focused initially on treating patients in three therapeutic areas: endocrinology, immunology and inflammation, and metabolic disease. Its pipeline includes SEP-786 (PTH1R), SEP-631 (MRGPRX2), TSHR, GLP-1R, GIPR, and GCGR.
Ticker
$SEPN
Sector
Health
Primary listing
NASDAQ
Employees
123

Septerna Inc Metrics

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$1.8B
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-$0.54
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Bulls say / Bears say

Positive Phase 1 clinical data for SEP-631 demonstrated a tolerability profile comparable to placebo, supportive once-daily dosing pharmacokinetics, and robust pharmacodynamic suppression of icatibant-induced wheal formation, enabling a planned Phase 2b trial in chronic spontaneous urticaria in H2 2026 (Reuters)
Strong liquidity with $516.5 million in cash, cash equivalents and marketable securities as of June 30, 2026 is expected to fund operations into at least 2029, underpinning sustained R&D investment (Thomson Reuters)
Collaboration revenue from Novo Nordisk surged to $26.7 million in Q2 2026 versus $0.1 million in Q2 2025, outpacing analyst estimates and providing material non-dilutive funding for pipeline advancement (Reuters)
R&D expenses surged 58% year-over-year to $35.1 million in Q2 2026 from $22.2 million in Q2 2025, reflecting a significant increase in cash burn to advance pipeline programs (NASDAQ)
General and administrative expenses rose to $8.5 million in Q2 2026 from $6.9 million in the year-ago quarter, indicating growing overhead costs amidst pre-commercialization operations (NASDAQ)
Key data readouts for lead programs remain distant—SEP-479 SAD/MAD results are not expected until Q1 2027 and SEP-631 Phase 2b initiation is contingent on long-term toxicology studies—prolonging clinical and regulatory uncertainty (NASDAQ)
Data summarised monthly by Lightyear AI. Last updated on 7 Sept 2026.

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