Catalyst calendar

What Cambridge is waiting on.

Every expected clinical readout and disclosed FDA decision date for listed biotechs in the cluster, in order, each one shown against the cash the company has to reach it. Extension, rollover and healthy-volunteer studies are excluded, because they are not the events anyone is waiting for.

Back to the trackerUpdated Sep 19, 2026Next 18 months
Catalysts in the next 18 months
142
across 62 companies
FDA decision dates
12
disclosed in company filings
Where cash runs out first
3
companies, at their next catalyst
Active trials tracked
353
83 companies sponsoring

Q3 2026

4 catalysts
  • Sep 2026

    Praxis Precision MedicinesPRAXFDA decisionnext up

    FDA target action date (PDUFA)

    8-K filed May 6, 2026
    Cash past the catalyst

    $1.37B cash · 54 mo runway

  • Sep 2026

    BiofronteraBFRIFDA decisionnext up

    FDA target action date (PDUFA)

    8-K filed May 13, 2026
    Cash past the catalyst

    $4.7M cash · 7.1 mo runway

  • Sep 2026

    estimated

    C4 TherapeuticsCCCCPhase 1next up

    Study to Assess the Safety and Tolerability of CFT7455 in Relapsed/Refractory Non-Hodgkin's Lymphoma or Multiple Myeloma

    Multiple Myeloma · Lymphoma, Non-Hodgkin's

    NCT04756726
    Cash past the catalyst

    $300M cash · 42 mo runway

  • Sep 2026

    Scholar RockSRRKFDA decisionnext up

    FDA target action date (PDUFA)

    8-K filed Aug 5, 2026
    Cash past the catalyst

    $492M cash · 20 mo runway

Q4 2026

31 catalysts
  • Sep 2026

    estimated

    Acumen PharmaceuticalsABOSPhase 2next up

    A Study to Evaluate Efficacy and Safety of Intravenous Sabirnetug in Participants With Early Alzheimer's Disease (ALTITUDE-AD)

    Alzheimer Disease

    NCT06335173
    Cash past the catalyst

    $110M cash · 14 mo runway

  • Sep 2026

    estimated

    Disc MedicineIRONPhase 2next up

    Study of DISC-0974-201 in Participants With IBD and Anemia

    Inflammatory Bowel Disease (IBD) · Anemia · Inflammatory Bowel Disease (IBD); Anemia

    NCT07368972
    Cash past the catalyst

    $718M cash · 44 mo runway

  • Oct 2026

    estimated

    ModernaMRNAPhase 1/2next up

    A Study of an Epstein-Barr Virus (EBV) Candidate Vaccine, mRNA-1189, in 10- to 30-Year-Old Healthy Adolescents and Adults

    Epstein-Barr Virus Infection

    NCT05164094
    Cash past the catalyst

    $6.91B cash · 60+ mo runway

  • Oct 2026

    estimated

    Solid BiosciencesSLDBPhase 1/2next up

    Microdystrophin Gene Transfer Study in Adolescents and Children With DMD

    Duchenne Muscular Dystrophy

    NCT03368742
    Cash past the catalyst

    $378M cash · 24 mo runway

  • Oct 2026

    estimated

    Replimune GroupREPLPhase 1next up

    Study of RP2 Monotherapy and RP2 in Combination With Nivolumab in Patients With Solid Tumors

    Cancer

    NCT04336241
    Cash past the catalyst

    $195M cash · 8.4 mo runway

  • Oct 2026

    estimated

    Rhythm PharmaceuticalsRYTMPhase 2next up

    A Study of Setmelanotide in Patients With Prader-Willi Syndrome

    Prader-Willi Syndrome · Obesity · Hyperphagia

    NCT06772597
    Cash past the catalyst

    $331M cash · 38 mo runway

  • Oct 2026

    estimated

    Sarepta TherapeuticsSRPTPhase 3next up

    A Study to Compare Safety and Efficacy of High Doses of Eteplirsen in Participants With Duchenne Muscular Dystrophy (DMD) (MIS51ON)

    Muscular Dystrophy, Duchenne

    NCT03992430
    Self-funding

    $934M cash · Self-funding runway

  • Oct 2026

    estimated

    Spyre TherapeuticsSYREPhase 2next up

    A Study of SPY072 in Rheumatic Disease

    Rheumatoid Arthritis · Psoriatic Arthritis · Axial Spondyloarthritis

    NCT07148414
    Cash past the catalyst

    $1.15B cash · 60+ mo runway

  • Nov 2026

    estimated

    Tectonic TherapeuticTECXPhase 2next up

    A Study of TX000045 in Patients With Pulmonary Hypertension Secondary to Heart Failure With Preserved Ejection Fraction (the APEX Study)

    Pulmonary Hypertension · Heart Failure With Preserved Ejection Fraction

    NCT06616974
    Cash past the catalyst

    $227M cash · 38 mo runway

  • Nov 2026

    estimated

    Aura BiosciencesAURAPhase 2next up

    Suprachoroidal Administration in Subjects With Metastases to the Choroid

    Eye Cancer · Primary Cancer

    NCT06643884
    Cash past the catalyst

    $324M cash · 38 mo runway

  • Nov 2026

    Cogent BiosciencesCOGTFDA decisionnext up

    FDA target action date (PDUFA)

    8-K filed Aug 9, 2026
    Cash past the catalyst

    $792M cash · 31 mo runway

  • Nov 2026

    estimated

    ModernaMRNAPhase 1/2

    A Study of mRNA-3745 in Adult and Pediatric Participants With Glycogen Storage Disease Type 1a (GSD1a)

    Glycogen Storage Disease

    NCT05095727
    Cash past the catalyst

    $6.91B cash · 60+ mo runway

  • Nov 2026

    estimated

    Replimune GroupREPLPhase 1

    Study of RP3 Monotherapy and RP3 in Combination With Nivolumab in Patients With Solid Tumours

    Advanced Solid Tumor

    NCT04735978
    Cash past the catalyst

    $195M cash · 8.4 mo runway

  • Nov 2026

    Vertex Pharmaceuticals IncVRTXFDA decisionnext up

    FDA target action date (PDUFA)

    10-Q filed Aug 3, 2026
    Self-funding

    $13.6B cash · Self-funding runway

  • Nov 2026

    estimated

    Adicet BioACETPhase 1/2next up

    A Phase 1/2 Trial of ADI-270 in ccRCC

    Clear Cell Renal Cell Carcinoma

    NCT06480565
    Cash past the catalyst

    $118M cash · 17 mo runway

  • Nov 2026

    estimated

    Adicet BioACETPhase 1

    A Phase 1 Study of Prulacabtagene Leucel (Prula-cel, Formerly ADI-001) in Autoimmune Disease

    Lupus Nephritis · Autoimmune Diseases · Systemic Sclerosis (SSc)

    NCT06375993
    Cash past the catalyst

    $118M cash · 17 mo runway

  • Nov 2026

    estimated

    Aldeyra TherapeuticsALDXPhase 3next up

    A Clinical Trial Evaluating Patients With Primary Vitreoretinal Lymphoma

    Primary Vitreoretinal Lymphoma

    NCT07402876
    Cash past the catalyst

    $45.1M cash · 25 mo runway

  • Nov 2026

    estimated

    Atea PharmaceuticalsAVIRPhase 3next up

    C-Forward: Efficacy and Safety of BEM/RZR vs SOF/VEL in Subjects With Chronic HCV

    HEPATITIS C VIRUS CHRONIC INFECTION · Hepatitis C, Chronic · Hepatitis C Virus Infection

    NCT07037277
    Cash past the catalyst

    $219M cash · 17 mo runway

  • Nov 2026

    estimated

    Avalyn PharmaAVLNPhase 2next up

    AURA-IPF: A Randomized Phase 2 Study to Evaluate the Safety and Efficacy of AP02 (Nintedanib Solution) in IPF

    Idiopathic Pulmonary Fibrosis (IPF)

    NCT07194382
    Cash past the catalyst

    $414M cash · 52 mo runway

  • Nov 2026

    estimated

    Beam TherapeuticsBEAMPhase 1/2next up

    A Study Evaluating the Safety and Efficacy of BEAM-201 in Relapsed/Refractory T-Cell Acute Lymphoblastic Leukemia (T-ALL) or T-Cell Lymphoblastic Lymphoma (T-LL)

    Lymphoblastic Lymphoma · T-Cell Lymphoblastic Leukemia/Lymphoma · Lymphoblastic Leukemia

    NCT05885464
    Cash past the catalyst

    $1.15B cash · 38 mo runway

  • Nov 2026

    estimated

    Compass TherapeuticsCMPXPhase 1next up

    A Phase 1 of CTX-8371 in Patients With Advanced Malignancies

    Non Small Cell Lung Cancer · Triple Negative Breast Cancer · Hodgkin Lymphoma

    NCT06150664
    Cash past the catalyst

    $180M cash · 38 mo runway

  • Nov 2026

    estimated

    Enanta PharmaceuticalsENTAPhase 2next up

    A Phase 2 Study to Investigate the Efficacy and Safety of Zelicapavir in Participants Aged ≥28 Days to ≤36 Months of Age Infected With Respiratory Syncytial Virus

    RSV Infection · RSV · Respiratory Syncytial Virus (RSV)

    NCT07482657
    Cash past the catalyst

    $190M cash · 60+ mo runway

  • Nov 2026

    estimated

    Karyopharm TherapeuticsKPTIPhase 2/3next up

    A Study of Rituximab-Gemcitabine-Dexamethasone-Platinum (R-GDP) With or Without Selinexor in Patients With Relapsed/Refractory Diffuse Large B-cell Lymphoma

    Relapsed/Refractory Diffuse Large B-cell Lymphoma

    NCT04442022
    Cash past the catalyst

    $65.1M cash · 12 mo runway

  • Nov 2026

    estimated

    Selinexor (KPT-330) in Patients With Relapsed/Refractory Diffuse Large B-Cell Lymphoma (DLBCL)

    Diffuse Large B-cell Lymphoma

    NCT02227251
    Cash past the catalyst

    $65.1M cash · 12 mo runway

  • Nov 2026

    estimated

    A Clinical Trial of Elsunersen in Pediatric SCN2A-DEE to Assess Efficacy and Safety

    Epileptic Encephalopathy · SCN2A Encephalopathy

    NCT07019922
    Cash past the catalyst

    $1.37B cash · 54 mo runway

  • Nov 2026

    estimated

    A Clinical Trial for Participants With DEE to Assess Efficacy, Safety, Tolerability, and PK of Relutrigine

    Developmental and Epileptic Encephalopathy 1

    NCT07010471
    Cash past the catalyst

    $1.37B cash · 54 mo runway

  • Dec 2026

    FDA target action date (PDUFA)

    8-K filed Aug 5, 2026
    Cash past the catalyst

    $1.37B cash · 54 mo runway

  • Dec 2026

    Cogent BiosciencesCOGTFDA decision

    FDA target action date (PDUFA)

    8-K filed Aug 9, 2026
    Cash past the catalyst

    $792M cash · 31 mo runway

  • Dec 2026

    estimated

    TScan TherapeuticsTCRXPhase 1next up

    A Basket Study of Customized Autologous TCR-T Cell Therapies in Patients With Locally Advanced (Unresectable) or Metastatic Solid Tumors

    Head and Neck Cancer · Cervical Cancer · Non-small Cell Carcinoma

    NCT05973487
    Cash past the catalyst

    $100M cash · 10 mo runway

  • Dec 2026

    estimated

    Bicara TherapeuticsBCAXPhase 1next up

    Study of Safety and Tolerability of BCA101 Monotherapy and in Combination Therapy in Patients With EGFR-driven Advanced Solid Tumors

    Head and Neck Squamous Cell Carcinoma · Squamous Cell Carcinoma of Anal Canal · Colorectal Cancer

    NCT04429542
    Cash past the catalyst

    $497M cash · 44 mo runway

  • Dec 2026

    estimated

    Study of SRP-1003 in Participants With Type 1 Myotonic Dystrophy

    Myotonic Dystrophy 1

    NCT06138743
    Self-funding

    $934M cash · Self-funding runway

Q1 2027

23 catalysts
  • Dec 2026

    estimated

    NuvalentNUVLPhase 1next up

    A Study of NVL-330 in Patients With Advanced or Metastatic HER2-altered NSCLC (HEROEX-1)

    Locally Advanced Solid Tumor · Metastatic Solid Tumor

    NCT06521554
    Cash past the catalyst

    $1.29B cash · 49 mo runway

  • Dec 2026

    estimated

    Randomized Clinical Trial Evaluating the Efficacy and Safety of Vormatrigine in Adults With Focal Seizures

    Focal Epilepsy

    NCT07505004
    Cash past the catalyst

    $1.37B cash · 54 mo runway

  • Jan 2027

    estimated

    Ocular TherapeutixOCULPhase 3next up

    Study to Evaluate the Efficacy and Safety of Intravitreal OTX-TKI (Axitinib Implant) in Subjects With Neovascular Age- Related Macular Degeneration

    Neovascular Age-related Macular Degeneration

    NCT06495918
    Cash past the catalyst

    $599M cash · 30 mo runway

  • Jan 2027

    Dyne TherapeuticsDYNFDA decisionnext up

    FDA target action date (PDUFA)

    8-K filed Jul 28, 2026
    Cash past the catalyst

    $898M cash · 23 mo runway

  • Jan 2027

    FDA target action date (PDUFA)

    8-K filed Aug 5, 2026
    Cash past the catalyst

    $1.37B cash · 54 mo runway

  • Jan 2027

    estimated

    Amylyx PharmaceuticalsAMLXPhase 1next up

    AMX0114 in Adult Participants With Amyotrophic Lateral Sclerosis

    ALS

    NCT06665165
    Cash past the catalyst

    $251M cash · 24 mo runway

  • Jan 2027

    estimated

    Candel TherapeuticsCADLPhase 2next up

    A Biomarker Study in Men With Localized Prostate Cancer Treated With Aglatimagene Besadenovec

    Prostate Cancer Patients Treated by Radiotherapy · Prostate Cancer (Adenocarcinoma)

    NCT07332000
    Cash past the catalyst

    $202M cash · 43 mo runway

  • Jan 2027

    estimated

    Disc MedicineIRONPhase 2

    A Phase 2, Open-Label Study of DISC-3405 in Participants With Polycythemia Vera (PV)

    Polycythemia Vera (PV)

    NCT06985147
    Cash past the catalyst

    $718M cash · 44 mo runway

  • Feb 2027

    estimated

    A Phase 1/2 Study of VX-670 in Adult Participants With Myotonic Dystrophy 1 (DM1)

    Myotonic Dystrophy Type 1 (DM1)

    NCT06185764
    Self-funding

    $13.6B cash · Self-funding runway

  • Feb 2027

    estimated

    ModernaMRNAPhase 3

    A Study to Investigate the Safety and Efficacy of mRNA-1403 in Participants ≥18 Years of Age for the Prevention of Acute Gastroenteritis

    Acute Gastroenteritis · Norovirus Acute Gastroenteritis

    NCT06592794
    Cash past the catalyst

    $6.91B cash · 60+ mo runway

  • Feb 2027

    ApnimedAPMDFDA decisionnext up

    FDA target action date (PDUFA)

    8-K filed Sep 7, 2026
    Self-funding

    $173M cash · Self-funding runway

  • Feb 2027

    estimated

    Aura BiosciencesAURAPhase 1

    A Phase 1, Open-label Trial of Belzupacap Sarotalocan (AU-011) in Bladder Cancer

    Non-muscle-invasive Bladder Cancer · NMIBC · Non-Muscle Invasive Bladder Carcinoma

    NCT05483868
    Cash past the catalyst

    $324M cash · 38 mo runway

  • Feb 2027

    estimated

    Cogent BiosciencesCOGTPhase 1/2

    A Study of an FGFR2/3 Inhibitor (CGT4859) in Patients With Cholangiocarcinoma and Other Advanced Solid Tumors

    Intrahepatic Cholangiocarcinoma (Icc) · Cholangiocarcinoma · Other Solid Tumors, Adult

    NCT06777316
    Cash past the catalyst

    $792M cash · 31 mo runway

  • Feb 2027

    estimated

    A Study to Evaluate the Efficacy and Safety of OTX-TKI (Axitinib Implant) in Participants With Non-Proliferative Diabetic Retinopathy

    Non-Proliferative Diabetic Retinopathy

    NCT07235085
    Cash past the catalyst

    $599M cash · 30 mo runway

  • Feb 2027

    estimated

    PepGenPEPGPhase 2next up

    A Clinical Study of PGN-EDODM1 in People With Myotonic Dystrophy Type 1

    Myotonic Dystrophy 1

    NCT06667453
    Cash past the catalyst

    $117M cash · 20 mo runway

  • Feb 2027

    estimated

    Seaport TherapeuticsSPTXPhase 2next up

    A Study to Evaluate the Efficacy and Safety of SPT-300 (GlyphAllo) in Participants With Major Depressive Disorder, With or Without Anxious Distress (BUOY-1 Study)

    Major Depressive Disorder (MDD) · Major Depressive Disorder With Anxious Distress

    NCT07065240
    Cash past the catalyst

    $427M cash · 60+ mo runway

  • Feb 2027

    estimated

    Stoke TherapeuticsSTOKPhase 3next up

    A Double-blind Study Evaluating the Efficacy, Safety, and Tolerability of Zorevunersen in Patients With Dravet Syndrome

    Dravet Syndrome

    NCT06872125
    Cash past the catalyst

    $354M cash · 24 mo runway

  • Mar 2027

    estimated

    ModernaMRNAPhase 2

    A Study to Evaluate the Efficacy, Safety, and Immunogenicity of mRNA-1647 Cytomegalovirus (CMV) Vaccine in Allogenic Hematopoietic Cell Transplantation (HCT) Participants.

    Cytomegalovirus Infection

    NCT05683457
    Cash past the catalyst

    $6.91B cash · 60+ mo runway

  • Mar 2027

    Intellia TherapeuticsNTLAFDA decisionnext up

    FDA target action date (PDUFA)

    8-K filed Sep 7, 2026
    Cash past the catalyst

    $628M cash · 22 mo runway

  • Mar 2027

    estimated

    A Trial of Setmelanotide in Patients With Congenital Hypothalamic Obesity (Sub-study of NCT05774756)

    Hypothalamic Obesity · Multiple Pituitary Hormone Deficiency Genetic Form · Septo-Optic Dysplasia

    NCT06760546
    Cash past the catalyst

    $331M cash · 38 mo runway

  • Mar 2027

    estimated

    Evaluation of Efficacy and Safety of VX-993 for Pain Associated With Diabetic Peripheral Neuropathy

    Diabetic Peripheral Neuropathic Pain

    NCT06619860
    Self-funding

    $13.6B cash · Self-funding runway

  • Mar 2027

    estimated

    Adicet BioACETPhase 1

    A Phase 1 Study of ADI-001 in Rheumatoid Arthritis

    Rheumatoid Arthritis (RA)

    NCT07100873
    Cash past the catalyst

    $118M cash · 17 mo runway

  • Mar 2027

    estimated

    Tango TherapeuticsTNGXPhase 1/2next up

    Safety and Tolerability of TNG456 Alone and in Combination With Abemaciclib in Patients With Solid Tumors With MTAP Loss

    Non Small Cell Lung Cancer · Glioma Glioblastoma Multiforme · Glioma, Malignant

    NCT06810544
    Cash past the catalyst

    $1.01B cash · 60+ mo runway

Q2 2027

35 catalysts
  • Mar 2027

    estimated

    Selinexor and Backbone Treatments of Multiple Myeloma Patients

    Multiple Myeloma

    NCT02343042
    Cash to the catalyst, barely

    $65.1M cash · 12 mo runway

  • Mar 2027

    estimated

    Parabilis MedicinesPBLSPhase 1/2next up

    FOG-001 in Locally Advanced or Metastatic Solid Tumors

    Cancer · Colorectal Cancer · Solid Tumor

    NCT05919264
    Cash past the catalyst

    $1.12B cash · 60+ mo runway

  • Apr 2027

    estimated

    Evaluation of Efficacy and Safety of Suzetrigine (SUZ) for Pain Associated With Diabetic Peripheral Neuropathy

    Diabetic Peripheral Neuropathic Pain

    NCT07231419
    Self-funding

    $13.6B cash · Self-funding runway

  • Apr 2027

    estimated

    Pyxis OncologyPYXSPhase 1next up

    A Study of PYX-201 in Advanced Solid Tumors

    Solid Tumor · Advanced Solid Tumor

    NCT05720117
    Cash runs out first

    $33.0M cash · 5.8 mo runway

  • Apr 2027

    estimated

    A Study to Evaluate ALN-2232 in Participants With Obesity

    Obesity

    NCT07463846
    Self-funding

    $3.31B cash · Self-funding runway

  • Apr 2027

    estimated

    Relay TherapeuticsRLAYPhase 1next up

    First-in-Human Study of Mutant-selective PI3Kα Inhibitor, RLY-2608, as a Single Agent in Patients With Advanced Solid Tumors and in Combination With Endocrine Therapy +/- a CDK4/6 or CDK4 Inhibitor in Patients With Advanced Solid Tumors or Advanced Breast Cancer

    PIK3CA Mutation · Solid Tumor, Adult · HER2-negative Breast Cancer

    NCT05216432
    Cash past the catalyst

    $911M cash · 52 mo runway

  • Apr 2027

    estimated

    Generate BiomedicinesGENBPhase 1next up

    A Study to Investigate GB-0895 in Adults With Mild to Moderate Asthma or COPD

    Asthma · COPD (Chronic Obstructive Pulmonary Disease)

    NCT07116889
    Cash past the catalyst

    $457M cash · 23 mo runway

  • Apr 2027

    estimated

    Disc MedicineIRONPhase 1/2

    Study of DISC-0974 (RALLY-MF) in Participants With Myelofibrosis or Myelodysplastic Syndrome and Anemia

    Myelofibrosis; Anemia · Anemia · Myelofibrosis

    NCT05320198
    Cash past the catalyst

    $718M cash · 44 mo runway

  • Apr 2027

    estimated

    Kailera TherapeuticsKLRAPhase 2next up

    Efficacy and Safety of Ribupatide (KAI-9531) Administered Once Weekly in Participants Living With Obesity Who Do Not Have Diabetes

    Obesity

    NCT07458269
    Cash past the catalyst

    $1.17B cash · 60+ mo runway

  • Apr 2027

    estimated

    Vor BiopharmaVORPhase 3next up

    A Study of Telitacicept for the Treatment of Generalized Myasthenia Gravis (UPSTREAM MG)

    Generalized Myasthenia Gravis

    NCT06456580
    Cash past the catalyst

    $466M cash · 40 mo runway

  • Apr 2027

    estimated

    Voyager TherapeuticsVYGRPhase 1/2next up

    VY7523-102: Randomized, Placebo-Controlled, Double-Blind, Multiple Ascending Dose Study in Participants With Early Alzheimer's Disease

    Alzheimer's Disease (AD)

    NCT06874621
    Cash past the catalyst

    $149M cash · 15 mo runway

  • May 2027

    estimated

    Solid BiosciencesSLDBPhase 1/2

    A Study of SGT-003 Gene Therapy in Duchenne Muscular Dystrophy (INSPIRE DUCHENNE)

    Duchenne Muscular Dystrophy

    NCT06138639
    Cash past the catalyst

    $378M cash · 24 mo runway

  • May 2027

    estimated

    BiogenBIIBPhase 3next up

    A Study to Evaluate the Safety, Tolerability, and Efficacy of BIIB017 (Peginterferon Beta-1a) in Pediatric Participants for the Treatment of Relapsing-Remitting Multiple Sclerosis

    Multiple Sclerosis, Relapsing-Remitting

    NCT03958877
    Self-funding

    $4.75B cash · Self-funding runway

  • May 2027

    Zenas BioPharmaZBIOFDA decisionnext up

    FDA target action date (PDUFA)

    8-K filed Aug 12, 2026
    Cash past the catalyst

    $674M cash · 36 mo runway

  • May 2027

    estimated

    Alnylam PharmaceuticalsALNYPhase 2next up

    A Study to Evaluate ALN-4324 on Insulin Sensitivity in Adults With Type 2 Diabetes Mellitus

    Type 2 Diabetes Mellitus (T2DM)

    NCT07465224
    Self-funding

    $3.31B cash · Self-funding runway

  • May 2027

    estimated

    Acrivon TherapeuticsACRVPhase 2next up

    A Phase 2 Study of ACR-368 in Endometrial Adenocarcinoma

    Endometrial Adenocarcinoma

    NCT05548296
    Cash past the catalyst

    $90.0M cash · 17 mo runway

  • May 2027

    estimated

    A Gene Transfer Therapy Study to Evaluate the Safety and Efficacy of Delandistrogene Moxeparvovec (SRP-9001) in Non-Ambulatory and Ambulatory Participants With Duchenne Muscular Dystrophy (DMD)

    Duchenne Muscular Dystrophy

    NCT05881408
    Self-funding

    $934M cash · Self-funding runway

  • May 2027

    estimated

    Evaluation of Efficacy and Safety of Suzetrigine for Pain Associated With Diabetic Peripheral Neuropathy

    Diabetic Peripheral Neuropathic Pain

    NCT06628908
    Self-funding

    $13.6B cash · Self-funding runway

  • May 2027

    estimated

    Akebia TherapeuticsAKBAPhase 2next up

    A Study of Praliciguat in Participants With Focal Segmental Glomerulosclerosis (FSGS)

    Focal Segmental Glomerulosclerosis

    NCT07268638
    Self-funding

    $156M cash · Self-funding runway

  • May 2027

    estimated

    Avalyn PharmaAVLNPhase 2

    A Study Evaluating the Safety and Efficacy of Inhaled AP01 in Participants With Progressive Pulmonary Fibrosis

    Pulmonary Fibrosis · Progressive Pulmonary Fibrosis · Pulmonary Fibrosis Secondary to Systemic Sclerosis

    NCT06329401
    Cash past the catalyst

    $414M cash · 52 mo runway

  • May 2027

    estimated

    Study of GB-4362 With Enfortumab Vedotin and Pembrolizumab for Advanced Urothelial Cancer

    Advanced Urothelial Cancer · Metastatic Urothelial Carcinoma

    NCT07484022
    Cash past the catalyst

    $457M cash · 23 mo runway

  • May 2027

    estimated

    Disc MedicineIRONPhase 1

    A Phase 1b, Open-Label Study of DISC-3405 in Participants With Sickle Cell Disease (SCD)

    Sickle Cell Disease

    NCT07187973
    Cash past the catalyst

    $718M cash · 44 mo runway

  • May 2027

    estimated

    A Study of Selinexor Monotherapy in Subjects With JAK Inhibitor-naïve Myelofibrosis and Moderate Thrombocytopenia

    Myelofibrosis · Moderate Thrombocytopenia · Mild Thrombocytopenia

    NCT05980806
    Cash to the catalyst, barely

    $65.1M cash · 12 mo runway

  • May 2027

    estimated

    Kymera TherapeuticsKYMRPhase 2next up

    A Study of KT-621 Administered Orally to Participants With Moderate to Severe Atopic Dermatitis

    Atopic Dermatitis

    NCT07217015
    Cash past the catalyst

    $1.50B cash · 60+ mo runway

  • May 2027

    estimated

    Lantheus HoldingsLNTHPhase 3next up

    [18F]PI-2620 Phase 3 Histopathological Study

    Alzheimer Disease

    NCT05641688
    Self-funding

    $640M cash · Self-funding runway

  • May 2027

    estimated

    A Study of SGT-501 Gene Therapy in Catecholaminergic Polymorphic Ventricular Tachycardia (CPVT)

    Catecholaminergic Polymorphic Ventricular Tachycardia

    NCT07148089
    Cash past the catalyst

    $378M cash · 24 mo runway

  • May 2027

    estimated

    A Study of Long-acting Antibodies Alone and in Combinations for Moderate to Severe Ulcerative Colitis

    Ulcerative Colitis · Inflammatory Bowel Diseases · Colitis

    NCT07012395
    Cash past the catalyst

    $1.15B cash · 60+ mo runway

  • May 2027

    estimated

    Tango TherapeuticsTNGXPhase 1/2

    Study to Evaluate the Safety, Tolerability & Efficacy of TNG462 in Combination in PDAC & NSCLC Patients

    PDAC · PDAC - Pancreatic Ductal Adenocarcinoma · NSCLC

    NCT06922591
    Cash past the catalyst

    $1.01B cash · 60+ mo runway

  • May 2027

    estimated

    Tango TherapeuticsTNGXPhase 1/2

    Safety and Tolerability of TNG462 in Patients With MTAP-deleted Solid Tumors

    Locally Advanced Solid Tumor

    NCT05732831
    Cash past the catalyst

    $1.01B cash · 60+ mo runway

  • May 2027

    estimated

    VerastemVSTMPhase 2next up

    A Phase 2 Study of VS-7375 in Patients With KRAS G12D-Mutated Colorectal Cancer

    Colorectal Cancer

    NCT07659795
    Cash to the catalyst, barely

    $136M cash · 10 mo runway

  • May 2027

    estimated

    VerastemVSTMPhase 2

    A Phase 2 Study of VS-7375 in Patients With KRAS G12D-Mutated Non-Small Cell Lung Cancer

    Non-Small Cell Lung Cancer

    NCT07659782
    Cash to the catalyst, barely

    $136M cash · 10 mo runway

  • May 2027

    estimated

    VerastemVSTMPhase 2

    A Phase 2 Study of VS-7375 in Patients With KRAS G12D-Mutated Pancreatic Cancer

    Pancreatic Ductal Adenocarcinoma (PDAC) · G12D Mutated KRAS

    NCT07644559
    Cash to the catalyst, barely

    $136M cash · 10 mo runway

  • Jun 2027

    estimated

    Evaluation of Safety and Efficacy of CTX001 in Pediatric Participants With Severe Sickle Cell Disease (SCD)

    Sickle Cell Disease · Hydroxyurea Failure · Hydroxyurea Intolerance

    NCT05329649
    Self-funding

    $13.6B cash · Self-funding runway

  • Jun 2027

    estimated

    Evaluation of Efficacy and Safety of a Single Dose of CTX001 in Participants With Transfusion-Dependent β-Thalassemia and Severe Sickle Cell Disease

    Beta-Thalassemia · Thalassemia · Hematologic Diseases

    NCT05477563
    Self-funding

    $13.6B cash · Self-funding runway

  • Jun 2027

    estimated

    HMBeacon: A Phase 2 Study to Evaluate ALN-6400 in Adult and Adolescent Female Patients With VWD and HMB

    Von Willebrand Disease (VWD) · Heavy Menstrual Bleeding (HMB)

    NCT07575308
    Self-funding

    $3.31B cash · Self-funding runway

Q3 2027

13 catalysts
  • Jun 2027

    estimated

    Hemab Therapeutics HoldingsCOAGPhase 1/2next up

    A Study Assessing HMB-002 in Participants With Von Willebrand Disease

    Von Willebrand Disease (VWD) · Von Willebrand Disease (VWD), Type 1 · Von Willebrand Disease (VWD), Type 2

    NCT06754852
    Cash past the catalyst

    $457M cash · 60+ mo runway

  • Jun 2027

    estimated

    A Phase 3 Study of NTLA-2001 in ATTRv-PN

    Neuromuscular Disease · Neuromuscular Diseases (NMD) · Neurodegenerative Disease

    NCT06672237
    Cash past the catalyst

    $628M cash · 22 mo runway

  • Jul 2027

    estimated

    Efficacy and Safety of Oral KAI-7535 in Adult Participants Living With Obesity or Overweight With at Least 1 Weight-Related Comorbidity

    Obesity · Overweight

    NCT07497880
    Cash past the catalyst

    $1.17B cash · 60+ mo runway

  • Jul 2027

    estimated

    Phase 2a Study of VX-407 in Participants With ADPKD Who Have a Subset of PKD1 Gene Variants (AGLOW)

    Autosomal Dominant Polycystic Kidney Disease (ADPKD)

    NCT07161037
    Self-funding

    $13.6B cash · Self-funding runway

  • Jul 2027

    estimated

    A Phase 1/2 Study to Investigate Safety, Tolerability, Pharmacokinetics, Pharmacodynamics, and Efficacy of HMB-001 in Glanzmann Thrombasthenia

    Glanzmann Thrombasthenia

    NCT06211634
    Cash past the catalyst

    $457M cash · 60+ mo runway

  • Jul 2027

    estimated

    Lantheus HoldingsLNTHPhase 1/2

    Lu-TARGO (177Lu-TARGeted Osteosarcoma Therapy)

    Relapsed / Refractory Osteosarcoma

    NCT07357519
    Self-funding

    $640M cash · Self-funding runway

  • Aug 2027

    estimated

    ModernaMRNAPhase 1

    A Study of mRNA-4106 or mRNA-4200 Administered Alone or in Combination With Anti-Cancer Agents in Participants With Solid Tumors

    Advanced Solid Tumors

    NCT06880549
    Cash past the catalyst

    $6.91B cash · 60+ mo runway

  • Aug 2027

    estimated

    A Phase 2 Trial of ALN-APP in Patients With Cerebral Amyloid Angiopathy

    Cerebral Amyloid Angiopathy

    NCT06393712
    Self-funding

    $3.31B cash · Self-funding runway

  • Aug 2027

    estimated

    A Study of CTX-009 in Combination With Paclitaxel in Adult Patients With Unresectable Advanced, Metastatic or Recurrent Biliary Tract Cancers (COMPANION-002)

    Biliary Tract Cancer · Cholangiocarcinoma · Gall Bladder Cancer

    NCT05506943
    Cash past the catalyst

    $180M cash · 38 mo runway

  • Aug 2027

    estimated

    ModernaMRNAPhase 1/2

    Open-Label Study of mRNA-3927 in Participants With Propionic Acidemia

    Propionic Acidemia

    NCT04159103
    Cash past the catalyst

    $6.91B cash · 60+ mo runway

  • Aug 2027

    estimated

    AgenusAGENPhase 2next up

    A Study of Botensilimab and Balstilimab for the Treatment of Colorectal Cancer

    Metastatic Colorectal Cancer

    NCT05608044
    Cash runs out first

    $18.7M cash · 2.3 mo runway

  • Aug 2027

    estimated

    X4 PharmaceuticalsXFORPhase 3next up

    A Study of Mavorixafor in Participants With Congenital and Acquired Primary Autoimmune and Idiopathic Chronic Neutropenic Disorders Who Are Experiencing Recurrent and/or Serious Infections

    Neutropenia

    NCT06056297
    Cash past the catalyst

    $208M cash · 30 mo runway

  • Sep 2027

    estimated

    A Study to Evaluate ALN-BCAT in Patients With Hepatocellular Carcinoma

    Advanced Hepatocellular Carcinoma · Metastatic Hepatocellular Carcinoma

    NCT06600321
    Self-funding

    $3.31B cash · Self-funding runway

Q4 2027

25 catalysts
  • Sep 2027

    estimated

    Monte Rosa TherapeuticsGLUEPhase 2next up

    Study of Oral MRT-2359 With Apalutamide in Prostate Cancer

    Castration-Resistant Prostate Cancer (CRPC) · Castration-Resistant Prostate Cancer · Prostate Cancer

    NCT07745361
    Cash past the catalyst

    $621M cash · 60+ mo runway

  • Sep 2027

    estimated

    Jade BiosciencesJBIOPhase 1next up

    A Phase 1 Study of JADE201 in Participants With Rheumatoid Arthritis

    Rhematoid Arthritis

    NCT07533955
    Cash past the catalyst

    $461M cash · 45 mo runway

  • Sep 2027

    estimated

    A Study of SPY072 in Adults With Moderate to Severe Hidradenitis Suppurativa (The SKYLIGHT Trial)

    Hidradenitis Suppurativa (HS)

    NCT07766005
    Cash past the catalyst

    $1.15B cash · 60+ mo runway

  • Sep 2027

    estimated

    Upstream BioUPBPhase 2next up

    A Study to Assess the Efficacy and Safety of Verekitug in Participants With COPD

    Chronic Obstructive Pulmonary Disease

    NCT06981078
    Cash past the catalyst

    $261M cash · 23 mo runway

  • Oct 2027

    estimated

    A Clinical Study to Assess Sutacimig in Participants With Congenital Factor VII Deficiency

    Congenital Factor VII Deficiency

    NCT07347249
    Cash past the catalyst

    $457M cash · 60+ mo runway

  • Oct 2027

    estimated

    CurisCRISPhase 2next up

    A Study of Emavusertib + An Approved Bruton Tyrosine Kinase Inhibitor (BTKi) in Participants With Chronic Lymphocytic Leukemia (CLL) and Other B-cell Malignancies

    Chronic Lymphocytic Leukemia · B-cell Malignancies

    NCT07271667
    Cash runs out first

    $5.1M cash · 2.0 mo runway

  • Nov 2027

    estimated

    Evaluation of Safety and Efficacy of CTX001 in Pediatric Participants With Transfusion-Dependent β-Thalassemia (TDT)

    Beta-Thalassemia · Thalassemia · Genetic Diseases, Inborn

    NCT05356195
    Self-funding

    $13.6B cash · Self-funding runway

  • Nov 2027

    estimated

    Aura BiosciencesAURAPhase 3

    A Phase 3 Randomized, Masked, Controlled Trial to Evaluate Efficacy and Safety of Belzupacap Sarotalocan (AU-011) Treatment Compared to Sham Control in Subjects With Primary Indeterminate Lesions or Small Choroidal Melanoma

    Choroidal Melanoma · Indeterminate Lesions · Uveal Melanoma

    NCT06007690
    Cash past the catalyst

    $324M cash · 38 mo runway

  • Nov 2027

    estimated

    ModernaMRNAPhase 1

    Safety, Tolerability, and Immunogenicity of mRNA-4157 Alone and in Combination in Participants With Solid Tumors

    Solid Tumors

    NCT03313778
    Cash past the catalyst

    $6.91B cash · 60+ mo runway

  • Nov 2027

    estimated

    A First-in-human Study of the Effects of SRP-1005 in Participants With Huntington's Disease

    Huntington's Disease

    NCT07536061
    Self-funding

    $934M cash · Self-funding runway

  • Nov 2027

    estimated

    Aktis OncologyAKTSPhase 1next up

    A Study of [225Ac]Ac-AKY-1189 in Patients With Solid Tumors

    Urothelial Carcinoma Bladder · Triple Negative Breast Cancer (TNBC) · Hormone Receptor Positive Breast Adenocarcinoma

    NCT07020117
    Cash past the catalyst

    $517M cash · 60+ mo runway

  • Nov 2027

    estimated

    Aktis OncologyAKTSPhase 1

    A Study of [225Ac]Ac-AKY-2519 in Patients With Metastatic Castration-Resistant Prostate Cancer

    Castration Resistant Metastatic Prostate Cancer · Prostate Cancer · mCRPC (Metastatic Castration-resistant Prostate Cancer)

    NCT07581184
    Cash past the catalyst

    $517M cash · 60+ mo runway

  • Nov 2027

    estimated

    A Study of KT-621 Administered Orally to Adult Participants With Moderate to Severe Eosinophilic Asthma

    Eosinophilic Asthma

    NCT07323654
    Cash past the catalyst

    $1.50B cash · 60+ mo runway

  • Nov 2027

    estimated

    Minerva NeurosciencesNERVPhase 3next up

    Study to Evaluate Efficacy and Safety of Roluperidone in Adult Subjects With Negative Symptoms and Stable Positive Symptoms of Schizophrenia and to Evaluate the Relapse Rate of Roluperidone and Antipsychotic Medications

    Negative Symptoms of Schizophrenia

    NCT07565428
    Cash past the catalyst

    $75.3M cash · 35 mo runway

  • Nov 2027

    estimated

    MAGNITUDE: A Phase 3 Study of NTLA-2001 in Participants With Transthyretin Amyloidosis With Cardiomyopathy (ATTR-CM)

    Transthyretin Amyloidosis (ATTR) With Cardiomyopathy

    NCT06128629
    Cash past the catalyst

    $628M cash · 22 mo runway

  • Nov 2027

    estimated

    NuvalentNUVLPhase 1/2

    A Study of Neladalkib (NVL-655) in Patients With Advanced NSCLC and Other Solid Tumors Harboring ALK Rearrangement or Activating ALK Mutation (ALKOVE-1)

    Locally Advanced Solid Tumor · Metastatic Solid Tumor

    NCT05384626
    Cash past the catalyst

    $1.29B cash · 49 mo runway

  • Nov 2027

    estimated

    Replimune GroupREPLPhase 2

    Study of RP2 in Combination With Second-line Therapy in Patients With Locally Advanced or Metastatic HCC

    Hepatocellular Carcinoma · Biliary Tract Cancer

    NCT05733598
    Cash runs out first

    $195M cash · 8.4 mo runway

  • Dec 2027

    estimated

    Pyxis OncologyPYXSPhase 1/2

    Phase 1/2 Study of PYX-201 in Combination With Pembrolizumab in Advanced Solid Tumors

    Advanced Solid Tumors

    NCT06795412
    Cash runs out first

    $33.0M cash · 5.8 mo runway

  • Dec 2027

    estimated

    A Study to Evaluate ALN-6222 in Participants With Obesity

    Obesity

    NCT07624071
    Self-funding

    $3.31B cash · Self-funding runway

  • Dec 2027

    estimated

    TRITON-PN: A Study to Evaluate the Efficacy and Safety of Nucresiran in Patients With Hereditary Transthyretin Amyloidosis With Polyneuropathy

    Hereditary Transthyretin-Mediated Amyloidosis With Polyneuropathy · hATTR-PN

    NCT07223203
    Self-funding

    $3.31B cash · Self-funding runway

  • Dec 2027

    estimated

    Beam TherapeuticsBEAMPhase 1/2

    A Phase 1/2, Dose-Exploration Study to Evaluate the Safety and Efficacy of BEAM-301 in Patients With Glycogen Storage Disease Type Ia (GSDIa)

    Glycogen Storage Disease Type Ia

    NCT06735755
    Cash past the catalyst

    $1.15B cash · 38 mo runway

  • Dec 2027

    estimated

    A First-in-human Study of RLY-8161 in Advanced NRAS-Mutant Solid Tumors

    Advanced NRAS-Mutant Melanoma · Advanced NRAS-Mutant Solid Tumors · NRAS Mutation

    NCT07584226
    Cash past the catalyst

    $911M cash · 52 mo runway

  • Dec 2027

    estimated

    NuvalentNUVLPhase 1/2

    A Study of Zidesamtinib (NVL-520) in Patients With Advanced NSCLC and Other Solid Tumors Harboring ROS1 Rearrangement (ARROS-1)

    Locally Advanced Solid Tumor · Metastatic Solid Tumor

    NCT05118789
    Cash past the catalyst

    $1.29B cash · 49 mo runway

  • Dec 2027

    estimated

    A Gene Transfer Therapy Study to Evaluate the Safety of and Expression From Delandistrogene Moxeparvovec (SRP-9001) in Participants With Duchenne Muscular Dystrophy (DMD) - Non-Ambulatory Cohort

    Duchenne Muscular Dystrophy

    NCT04626674
    Self-funding

    $934M cash · Self-funding runway

  • Dec 2027

    estimated

    A Safety, Tolerability, and Efficacy Study of VX-880 and VX-017 in Participants With Type 1 Diabetes

    Diabetes Mellitus, Type 1 · Impaired Hypoglycemic Awareness · Severe Hypoglycemia

    NCT04786262
    Self-funding

    $13.6B cash · Self-funding runway

Q1 2028

11 catalysts
  • Dec 2027

    estimated

    A Study of Selinexor (Seli) + Low-dose Dexamethasone (LDD) in Penta-refractory Multiple Myeloma (MM), Seli and Bortezomib + LDD in Triple-class Refractory MM.

    Multiple Myeloma, Refractory

    NCT04414475
    Cash runs out first

    $65.1M cash · 12 mo runway

  • Jan 2028

    estimated

    Agios PharmaceuticalsAGIOPhase 1next up

    A Study to Evaluate Safety, Tolerability, Pharmacokinetics, and Pharmacodynamics of AG-181 in Subjects With Phenylketonuria

    Phenylketonuria

    NCT07241234
    Cash past the catalyst

    $965M cash · 32 mo runway

  • Jan 2028

    estimated

    BiogenBIIBPhase 2

    A Study to Learn About The Effects of Felzartamab on Thyroid Function and Its Safety in Adults With Graves' Disease Ages 18 to 75 Years Old

    Graves' Disease

    NCT07722546
    Self-funding

    $4.75B cash · Self-funding runway

  • Jan 2028

    estimated

    AgenusAGENPhase 2

    A Study of Botensilimab (AGEN1181) for the Treatment of Advanced Melanoma

    Advanced Melanoma

    NCT05529316
    Cash runs out first

    $18.7M cash · 2.3 mo runway

  • Jan 2028

    estimated

    A Phase 2 Study to Evaluate the Safety, PD, PK, and Clinical Activity of ADX-097 in Participants With IgAN, LN or C3G

    IgA Nephropathy · Lupus Nephritis (LN) · C3 (Complement Component 3) Glomerulopathy

    NCT06419205
    Self-funding

    $156M cash · Self-funding runway

  • Jan 2028

    estimated

    Beam TherapeuticsBEAMPhase 1/2

    BEACON: A Study Evaluating the Safety and Efficacy of BEAM-101 in Patients With Severe Sickle Cell Disease

    Sickle Cell Disease

    NCT05456880
    Cash past the catalyst

    $1.15B cash · 38 mo runway

  • Jan 2028

    estimated

    Efficacy and Safety of Ribupatide in Participants Living With Obesity or Overweight With Weight-Related Comorbidities Who Do Not Have Diabetes

    Obesity · Overweight

    NCT07284875
    Cash past the catalyst

    $1.17B cash · 60+ mo runway

  • Feb 2028

    estimated

    A Study to Evaluate the Impact of Renal Impairment on the Pharmacokinetics (PK) of Ribupatide

    End Stage Renal Disease · Renal Impairment · Obesity

    NCT07793929
    Cash past the catalyst

    $1.17B cash · 60+ mo runway

  • Feb 2028

    estimated

    BiogenBIIBPhase 2

    A Study to Learn About the Effects of Felzartamab Infusions in Adults With Kidney Transplants Who Have Late Isolated Microvascular Inflammation

    Microvascular Inflammation

    NCT07219043
    Self-funding

    $4.75B cash · Self-funding runway

  • Feb 2028

    estimated

    A Study Evaluating Ficerafusp Alfa (BCA101) QW in Combination With Pembrolizumab vs Alternative Ficerafusp Alfa Dosing in 1L R or M HNSCC

    Metastatic Head and Neck Squamous Cell Carcinoma · Recurrent Head and Neck Squamous Cell Carcinoma

    NCT07807163
    Cash past the catalyst

    $497M cash · 44 mo runway

  • Feb 2028

    estimated

    Efficacy and Safety of Ribupatide Administered Once Weekly Compared With Semaglutide and Placebo in Participants Living With Obesity Who Do Not Have Diabetes

    Obesity

    NCT07284979
    Cash past the catalyst

    $1.17B cash · 60+ mo runway

Readout dates are sponsor-supplied primary completion dates from ClinicalTrials.gov and move as enrollment moves. FDA dates are PDUFA target action dates the company stated in its own 8-K, 10-Q or 10-K, linked to the filing. The funding verdict compares the company’s runway, derived from its filed cash flow statements, with the months remaining to that date; it is an outside estimate, not the company’s own guidance, and it is not investment advice.