Enlivex (ENLV)
Develops Allocetra for knee osteoarthritis and manages a RAIN-centered digital-asset treasury.
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Develops Allocetra for knee osteoarthritis while holding and managing a RAIN-centered digital-asset treasury. With no saleable products or product-sales revenue, its clinical business depends on regulatory approval and future commercialization, while treasury results depend largely on RAIN fair-value movements.
Develops Allocetra, an off-the-shelf apoptotic-cell therapy designed to reprogram macrophages toward homeostasis. Clinical Operations focus almost exclusively on intra-articular treatment for age-related symptomatic knee osteoarthritis, with a randomized trial underway in the United States and European Union. The Israel-based team must generate adequate safety, pain, function, and durability evidence before the candidate can be commercialized.
Manages a digital-asset treasury centered on RAIN, the governance and utility token for a decentralized prediction- and options-markets protocol. Treasury Operations hold and manage RAIN and related instruments; their financial outcomes depend principally on fair-value movements rather than customer fees. Allocetra has no marketing approval, and RAIN is the primary treasury reserve asset.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Nov 24, 2025 | D. Boral Capital | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $5.9M · Total debt $641.0K · Total assets $2.33B · Shareholders' equity $1.93B
- Revenue
- $0
- Operating income
- −$5.9M
- Net income
- $1.24B
No dividends on record.
| Institutions | 1.68% | 283.2K ADS | |
|---|---|---|---|
| 27 holders · as of Jun 30, 2026 | |||
| Other | 98.32% | 16.55M ADS | |
| remainder | |||
16.83M ADS as of Aug 30, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ark Investment Management LLCInstitution | 0.94% | 2.38M ADS | as of Jun 30, 2026 |
Prelude Capital Management, LLCInstitution | 0.13% | 321,306 ADS | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 0.08% | 193,150 ADS | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 0.07% | 183,924 ADS | as of Jun 30, 2026 |
Susquehanna International Group, LLPInstitution | 0.06% | 157,648 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Anika Therapeutics
Marketed hyaluronic-acid injections for knee-OA pain.
- Pacira BioSciences
Marketed extended-release injection for knee-OA pain.
- P.A.R. Technology
Phase III injectable contender for knee-OA pain.
- Zimmer Biomet
Knee-replacement systems offer the procedural endpoint.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Enlivex | $0.6287 | −2.74% | $10.9M | — | — | — | — |
| Anika Therapeutics | $20.30 | −2.82% | $279.6M | — | 22.8 | 2.3 | +15.6% |
| Pacira BioSciences | $24.82 | +0.47% | $971.6M | 70.3 | 8.0 | 1.3 | +6.2% |
| P.A.R. Technology | $14.26 | −5.87% | $624.9M | — | 12.8 | 1.3 | +18.7% |
| Zimmer Biomet | $90.79 | −3.39% | $18.18B | 22.9 | 10.4 | 2.1 | +4.8% |
| Median | 46.6 | 11.6 | 1.7 | +10.9% |






