Avalyn Pharma

Last updated: May 8, 2026
Ticker
AVLN
Exchange
NYSE
IPO Date
Pending
Price Range
$16.00 - $18.00
Deal Size
$300 million
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Company Snapshot

Avalyn Pharma is a clinical-stage biopharmaceutical company focused on developing inhaled therapies for serious, rare respiratory diseases. The company's innovative approach aims to enhance the efficacy of existing oral medications by delivering them directly to the lungs, thereby reducing systemic exposure and associated side effects. Avalyn's current pipeline targets pulmonary fibrosis, a life-threatening condition with significant unmet medical needs.

Founded
2011

Key Financials

Metric20252024
RevenueNot providedNot provided
Adjusted Net Loss-$85.2M-$49.7M

Balance Sheet

Cash & Equivalents
$52.3M

Implied Valuation at Midpoint

Market Cap
$628M

Based on price range midpoint and most recent fiscal year data.

S-1 Highlights

Market & Competition

The market for pulmonary fibrosis treatments includes three approved oral antifibrotic therapies: pirfenidone (ESBRIET), nintedanib (OFEV), and nerandomilast (JASCAYD). The company competes with these established therapies, which generated over $4.0 billion in global sales in 2024.

Use of Proceeds

The proceeds from the IPO are expected to be used to advance the clinical development of Avalyn Pharma's product candidates and for general corporate purposes.

Key Risk Factors

  • The company may face challenges in achieving market acceptance for its product candidates, even if they receive marketing approval.
  • Avalyn Pharma may encounter difficulties in managing its growth, which could disrupt operations.

Deal Structure

Primary Shares
11,800,000 shares
Shares Outstanding
36,945,380 shares
Post-IPO Float
45.2%
Lock-up
No Lock-up Agreement
Lead Underwriters
Morgan Stanley, Jefferies, Evercore ISI, Guggenheim Securities

Reported Broker Availability

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Reported by users or publicly disclosed. Information is for reference only.

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