Nanobiotix (ADR) (NBTX)
Develops radiotherapy-activated nanoparticle candidates for solid tumors.
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Develops radiotherapy-activated nanoparticle candidates, led by JNJ-1900 (NBTXR3), alongside the Curadigm Nanoprimer and Oocuity platforms. The late-clinical business relies on global development with Janssen/Johnson & Johnson for its lead program.
Develops three nanotechnology platforms for oncology and related therapeutic applications. Its lead candidate, JNJ-1900 (NBTXR3), is a functionalized hafnium-oxide nanoparticle given by a one-time intratumoral injection and activated by radiotherapy. It is being studied in solid tumors, including head-and-neck cancer and inoperable stage 3 non-small-cell lung cancer.
Curadigm Nanoprimer is an earlier-stage platform supporting an internal pipeline and external collaborations. Oocuity is a third platform, with no commercial product identified in the current materials.
The business remains a late-clinical platform and pipeline operation rather than a mature product franchise. Clinical progress for JNJ-1900 is tied to the global Janssen/Johnson & Johnson collaboration, which has assumed NANORAY-312 sponsorship in most regions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 4, 2026 | Leerink Partners | Reiterate | Rating: —Target: $26 | Target: $46 |
| May 1, 2026 | UBS | Reiterate | Rating: —Target: — | Target: $30 |
| Nov 25, 2025 | Leerink Partners | Target | Target: $14 | Target: $26 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $60.4M · Total debt $109.2M · Total assets $77.6M · Shareholders' equity −$96.8M
- Revenue
- $3.4M
- Operating income
- −$13.3M
- Net income
- −$21.3M
Reported in EUR, converted at the latest exchange rate
No dividends on record.
| Institutions | 11.45% | 5.79M ADS | |
|---|---|---|---|
| 19 holders · as of Jun 30, 2026 | |||
| Insiders | 15.94% | 8.06M ADS | |
| 2 holders · as of Apr 17, 2025 | |||
| Other | 72.61% | 36.74M ADS | |
| remainder | |||
50.60M ADS as of Sep 12, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Johnson & JohnsonInstitution | 11.11% | 5.62M ADS | as of Jun 30, 2026 |
Invus Public Equities, L.P.Insider | 8.37% | 4.23M | filed Apr 17, 2025 |
Qatar Investment AuthorityInsider | 7.57% | 3.83M | filed Nov 8, 2023 |
Morgan StanleyInstitution | 0.10% | 49,789 ADS | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 0.06% | 32,180 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nanobiotix (ADR) | $34.58 | +0.22% | $1.75B | — | — | 51.4 | — |
| Alpha Tau Medical | $15.29 | −1.35% | $1.40B | — | — | — | — |
| Merck | $151.31 | +1.21% | $369.24B | 119.6 | 17.5 | 5.6 | +5.1% |
| Bicara Therapeutics | $22.63 | +2.82% | $1.45B | — | — | — | — |
| PDS Biotechnology | $0.8881 | +5.49% | $47.1M | — | — | — | — |
| Median | 119.6 | 17.5 | 5.6 | +5.1% |






