TTRX · NASDAQ · Biotechnology

Turn Therapeutics (TTRX)

Develops GX-03 for skin disease while licensing medical-device products.

$14.25
vs last close−1.04 (−6.81%)
Loading prices…

Turn Therapeutics Inc.TTRX
Health Care

Develops the topical GX-03 candidate for atopic dermatitis and a subsequent onychomycosis program, supported by the PermaFusion drug-performance platform. The business combines internal drug development with third-party licensing or sales of a legacy FDA-cleared device portfolio.

GX-03 is the central program in a dermatology-focused clinical-development portfolio. The topical candidate is in an adaptive Phase 2 study for atopic dermatitis, while the company describes onychomycosis as a subsequent drug-development program. PermaFusion, a platform intended to enhance drug performance, underpins this work. Earlier GX-03 wound-care applications and other FDA-cleared devices form a separate device legacy.

Operations pair third-party licensing or sale of medical-device products with internal drug development. Manufacturing, packaging, and sterilization are performed in the United States. Progress depends on clinical-trial results, regulatory clearances or approvals, commercial partners, manufacturing, intellectual-property protection, and access to capital.

Company facts

CEOBradley Burnam
ListedOct 8, 2025
ExchangeNASDAQ
HeadquartersWestlake Village, CA
CountryUnited States
Employees2
CIK0002023016
ISINUS90021W1053

Market cap$455.5M
EPS (ttm)−$0.2914
P/E (ttm)−52.47
ROE-280.4%
P/B663.08
P/S
Dividend yieldDiv yield
Beta1.36vs XLV −0.71

No analyst consensus on record.

Next report
Nov 12, 26
estimated · in 50 days
EPS estimate
−$0.09
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Sep '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.09−$0.07$0.01−$0.03−$0.20Pending
Estimate−$0.05−$0.05−$0.02−$0.02−$0.09
Surprise−37.3%+118.6%−50.0%−900.0%

RevenueReportedEstimate

Sep '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$0.09
ReportedDue Nov 12, 2026
Estimate
ReportedDue Nov 12, 2026
View details

Debt to equity891.10%
Current ratio119.00%

ProfitabilityRevenueNet incomeNet margin

Q2 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0
Net income−$351.9K−$1.2M−$1.9M$279.1K−$971.0K−$5.8M
Net margin

GrowthOperating income

Q2 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$360.2K−$1.4M−$1.9M−$2.2M−$1.2M−$1.6M
YoY growthLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $10.3M · Total debt $6.1M · Total assets $17.0M · Shareholders' equity $686.9K

Revenue
$0
Operating income
−$1.6M
Net income
−$5.8M
View details

No dividends on record.

Institutions3.88%1.16M shares
29 holders · as of Jun 30, 2026
Other96.12%28.63M shares
remainder

29.79M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Steel Peak Wealth Management LLCInstitution
0.84%249,456as of Jun 30, 2026
Ieq Capital, LLCInstitution
0.76%227,396as of Jun 30, 2026
DDFG, IncInstitution
0.36%107,829as of Jun 30, 2026
Vanguard Capital Management LLCInstitution
0.25%74,301as of Jun 30, 2026
Wellington Shields & Co., LLCInstitution
0.22%65,732as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Incyte

    Topical JAK option for mild-to-moderate atopic dermatitis

  • Arcutis Biotherapeutics

    Topical PDE4 option for mild-to-moderate atopic dermatitis

  • Organon

    Once-daily steroid-free topical for atopic dermatitis

  • Sanofi (ADR)

    IL-4/IL-13 biologic franchise for moderate-to-severe atopic dermatitis

  • Pfizer

    Topical PDE4 therapy for mild-to-moderate atopic dermatitis

  • Eli Lilly

    IL-13 biologic for moderate-to-severe atopic dermatitis

  • Bausch Health

    Topical antifungal for toenail onychomycosis

Compare

CompanyPriceChange
Turn Therapeutics$14.25−6.81%$455.5M
Incyte$124.41−1.99%$25.73B16.251.54.4+37.7%
Arcutis Biotherapeutics$26.38−5.04%$3.47B133.233.47.5+59.3%
Organon$13.74+0.26%$3.60B17.83.90.6+0.5%
Sanofi (ADR)$41.49−2.40%$102.08B76.01.8+11.2%
Pfizer$28.18+0.88%$159.19B36.910.12.5+2.6%
Eli Lilly$1,147.64−1.92%$1.10T39.328.113.8+47.7%
Bausch Health$5.74−1.29%$2.17B1.30.2+11.2%
Median38.119.12.5+11.2%