FibroBiologics (FBLG)
Develops allogeneic fibroblast therapies for diabetic foot ulcers and other chronic diseases.
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Develops allogeneic human fibroblast therapies and derived materials for chronic disease, with CYWC628 in a controlled human trial for refractory diabetic foot ulcers. The pre-revenue business is financed through debt and equity, while trials, cell supply and potential commercialization rely substantially on outside partners.
Develops allogeneic human fibroblast therapies and fibroblast-derived materials. CYWC628, a topical spheroid therapy for refractory diabetic foot ulcers, is in an active controlled trial in Australia; CYPS317 targets psoriasis, CYMS101 targets multiple sclerosis, and CybroCell targets degenerative disc disease.
Prioritizes disease areas with unmet need, combines internal preclinical work with CRO-run trials and CDMO-produced cell supply, and builds patent coverage around the platform. Houston hosts corporate operations and laboratory activity, while the Australian subsidiary sponsors the wound trial.
No products are approved, product sales do not fund operations, and any commercialization would require collaborators or new internal infrastructure. The U.S. FDA is the principal regulatory pathway for the other named programs, and third-party manufacturing dependence is expected to continue for the foreseeable future.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | Deutsche Bank | Downgrade | Rating: — | |
| May 4, 2026 | Maxim Group | Downgrade | ||
| Mar 26, 2026 | D. Boral Capital | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.5M · Total debt $1.5M · Total assets $7.9M · Shareholders' equity $4.6M
- Revenue
- $0
- Operating income
- −$4.0M
- Net income
- −$4.1M
No dividends on record.
| Institutions | 13.59% | 284.9K shares | |
|---|---|---|---|
| 16 holders · as of Jun 30, 2026 | |||
| Insiders | 29.20% | 612.0K shares | |
| 4 holders · as of Sep 15, 2026 | |||
| Strategic holders | 35.26% | 739.0K shares | |
| 1 holder · as of Aug 14, 2026 | |||
| Other | 21.95% | 460.1K shares | |
| remainder | |||
2.10M company shares as of Aug 31, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (6.66M in the company's Sep 23, 2026 report, 2.10M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Armistice Capital, LLCStrategic | 35.26% | 738,977 | filed Aug 14, 2026 |
Hamid KhojaInsiderofficer: Chief Scientific Officer | 14.39% | 301,571 | filed Sep 15, 2026 |
Pete O'HeeronInsiderdirector, officer: CHIEF EXECUTIVE OFFICER | 14.21% | 297,907 | filed Mar 4, 2026 |
Cascade Financial Partners, LLCInstitution | 5.19% | 108,828 | as of Jun 30, 2026 |
Fund Evaluation Group, LLCInstitution | 2.47% | 51,794 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 4, 2026 | Hamid Khoja | officer: Chief Scientific Officer | +30,000 | $0.3800 |
| Mar 2, 2026 | Pete O'Heeron | director, officer: CHIEF EXECUTIVE OFFICER | +17,428 | $0.3530 |
| Mar 3, 2026 | Pete O'Heeron | director, officer: CHIEF EXECUTIVE OFFICER | +18,200 | $0.4051 |
| Mar 4, 2026 | Pete O'Heeron | director, officer: CHIEF EXECUTIVE OFFICER | +15,872 | $0.3784 |
| Mar 2, 2026 | Jason Davis | officer: Chief Financial Officer | +70,000 | $0.4139 |
- Organogenesis
Direct DFU competitor with commercial living skin substitutes.
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Closest cell-therapy rival in degenerative disc disease.
- Novartis (ADR)
Large branded competitor across MS and psoriasis.
- Biogen
Established MS franchise with disease-modifying therapies.
- AbbVie
Leading psoriasis brands compete for systemic-treatment patients.
- Smith & Nephew (ADR)
Advanced wound devices and skin substitutes contest chronic-wound care.
- Bristol-Myers Squibb
Sotyktu is an approved oral competitor in plaque psoriasis.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FibroBiologics | $1.31 | −2.24% | $2.8M | — | — | — | — |
| Organogenesis | $1.43 | −3.20% | $190.4M | — | — | 0.4 | −56.7% |
| Mesoblast (ADR) | $15.21 | −4.49% | $2.06B | — | — | 17.1 | +391.8% |
| Novartis (ADR) | $142.44 | +0.82% | $268.53B | 21.3 | 15.2 | 4.8 | +0.9% |
| Biogen | $222.53 | −1.26% | $33.30B | 39.9 | 16.8 | 3.3 | +3.4% |
| AbbVie | $264.03 | −0.44% | $468.77B | 74.8 | 17.4 | 7.3 | +10.2% |
| Smith & Nephew (ADR) | $26.74 | −2.76% | $11.55B | 18.8 | — | 1.8 | +4.6% |
| Bristol-Myers Squibb | $61.64 | −0.98% | $127.16B | 13.7 | 9.6 | 2.6 | +5.7% |
| Median | 21.3 | 16.0 | 3.3 | +4.6% |