GLSI · NASDAQ · Biotechnology

Greenwich LifeSciences (GLSI)

Runs a single Phase III trial for a peptide vaccine preventing HER2-positive breast cancer recurrence.

$17.51
vs last close−1.97 (−10.11%)
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Greenwich LifeSciences, Inc.GLSI
Health Care

Develops a single therapeutic candidate, GLSI-100, a peptide-based immune vaccine combining GP2 with GM-CSF designed to prevent recurrence in HER2-positive breast cancer after standard treatment. The company runs a global Phase III trial spanning roughly forty clinical sites across the US and Europe and has not yet generated product revenue, funding operations through equity issuance.

Runs on a single pipeline asset, GLSI-100, a peptide vaccine pairing the GP2 antigen with the adjuvant GM-CSF, aimed at preventing recurrence in HER2-positive breast cancer after standard treatment. The vaccine originated at a US military-linked research foundation and was in-licensed before the company's listing.

The current trial, FLAMINGO-01, is a global randomized Phase III study run mostly through academic and cooperative-group site networks across the US and Europe rather than an in-house clinical organization. It carries FDA Fast Track designation for the HLA-positive patient subgroup, and a parallel open-label arm for patients outside that subgroup has completed enrollment.

Ownership is concentrated among management and directors under an extended post-IPO lock-up, and the business remains pre-revenue, funding trials through periodic equity issuance rather than product sales. Commercial-scale manufacturing has begun, supplying ongoing dosing across the US site network.

Company facts

CEOSnehal S. Patel
ListedSep 25, 2020
ExchangeNASDAQ
HeadquartersStafford, TX
CountryUnited States
Employees4
CIK0001799788
ISINUS3968791083

Market cap$285.9M
EPS (ttm)−$1.54
P/E (ttm)−12.65
ROE-793.8%
P/B91.73
P/S
Dividend yieldDiv yield
Beta3.07vs XLV 0.70

Price target$50.00+156.7%Average of 2 analysts
ConsensusBuy2 of 2 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Dec 30, 2025H.C. WainwrightTarget
Target:
Target: $50

Next report
Nov 13, 26
estimated · in 51 days
EPS estimate
−$0.34
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Apr '25May '25Aug '25Nov '25Mar '26Jun '26Aug '26Nov '26
Reported−$0.61−$0.25−$0.30−$0.30−$0.32−$0.39−$0.27Pending
Estimate−$0.21−$0.24−$0.24−$0.30−$0.32−$0.33−$0.33−$0.34
Surprise−190.5%−4.2%−25.0%0.0%0.0%−18.2%+18.2%

RevenueReportedEstimate

Apr '25May '25Aug '25Nov '25Mar '26Jun '26Aug '26Nov '26
Reported$3.6KPending
Estimate
Surprise
Estimate−$0.34
ReportedDue Nov 13, 2026
Estimate
ReportedDue Nov 13, 2026
View details

Debt to equity0.00%
Current ratio154.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$2.7M−$8.0M−$2.7M−$4.0M−$4.2M−$7.9M−$5.7M−$3.9M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.7M−$8.1M−$2.8M−$4.0M−$4.2M−$7.9M−$5.7M−$4.0M
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $8.9M · Total debt $0 · Total assets $8.9M · Shareholders' equity $3.1M

Revenue
$0
Operating income
−$4.0M
Net income
−$3.9M
View details

No dividends on record.

Institutions11.61%1.70M shares
60 holders · as of Jun 30, 2026
Insiders78.15%11.47M shares
4 holders · as of Jul 30, 2026
Other10.24%1.50M shares
remainder

14.68M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Snehal Patel1Insiderdirector, 10 percent owner, officer: CEO and CFO
56.42%7.78Mfiled Jul 30, 2026
WeinerInsider
15.70%2.30Mfiled Jun 22, 2022
David McWilliamsInsiderdirector
4.23%620,301filed Dec 16, 2021
BlackRock, Inc.Institution
3.31%485,854as of Jun 30, 2026
Vanguard Capital Management LLCInstitution
1.90%278,190as of Jun 30, 2026
  1. Snehal Patel's transaction reports restate only vehicles that traded; the 2020 ownership statement (7.78M) plus the 504.0K net shares acquired since is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 28, 2026Snehal Pateldirector, 10 percent owner, officer: CEO and CFO+1,500$13.59
Jul 29, 2026Snehal Pateldirector, 10 percent owner, officer: CEO and CFO+700$13.10
Jul 27, 2026Snehal Pateldirector, 10 percent owner, officer: CEO and CFO+1,500$13.62
Jul 23, 2026Snehal Pateldirector, 10 percent owner, officer: CEO and CFO+2,500$13.14
Jul 24, 2026Snehal Pateldirector, 10 percent owner, officer: CEO and CFO+1,100$12.88
View details

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Compare

CompanyPriceChange
Greenwich LifeSciences$17.51−10.11%$285.9M
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Median21.315.34.8+2.1%