Odyssey Therapeutics

Last updated: May 11, 2026
Ticker
ODTX
Exchange
NYSE
IPO Date
Pending
Price Range
$16.00 - $18.00
Deal Size
$279 million
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Company Snapshot

Odyssey Therapeutics is a clinical-stage biopharmaceutical company focused on transforming the standard of care for patients with autoimmune and inflammatory diseases. The company utilizes its expertise in immunobiology and drug discovery to develop innovative therapies targeting key signaling nodes in disease pathways. Their lead programs include OD-001 and OD-002, which aim to address significant unmet medical needs in conditions like ulcerative colitis and systemic lupus erythematosus.

Key Financials

Metric202520242023
Revenue$3.0M$4.5MNot provided
YoY Growth-33.3%--
Adjusted Net Loss-$148.6M-$129.3MNot provided
Margin %-4953.3%-2873.3%-

Balance Sheet

Cash & Equivalents
$41.7M

Implied Valuation at Midpoint

Market Cap
$765M
P/S Ratio
255.0x

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

S-1 Highlights

Market & Competition

The company operates in the biopharmaceutical industry, specifically targeting autoimmune and inflammatory diseases. The company competes with established players in the field, although specific competitor names are not mentioned in the filing.

Use of Proceeds

Proceeds from the IPO are expected to be used for advancing their clinical programs and supporting ongoing research and development efforts.

Key Risk Factors

  • The company relies on third-party manufacturers and suppliers, and any failure on their part could adversely affect the company's operations.
  • Odyssey Therapeutics has recently remediated a material weakness in their internal control over financial reporting, and any future weaknesses could impact investor confidence.

Deal Structure

Primary Shares
13,240,000 shares
Shares Outstanding
44,994,769 shares
Post-IPO Float
34.4%
Lock-up
No Lock-up Agreement
Lead Underwriters
J.P. Morgan, TD Cowen, Cantor, Wedbush, PacGrow, Oppenheimer & Co.

Reported Broker Availability

No broker information available yet

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