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SPRY
Upturn stock ratingUpturn stock rating

Silverback Therapeutics Inc (SPRY)

Upturn stock ratingUpturn stock rating
$12.8
Delayed price
Profit since last BUY-1.92%
upturn advisory
Consider higher Upturn Star rating
BUY since 3 days
  • BUY Advisory
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

04/04/2025: SPRY (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -59.69%
Avg. Invested days 31
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/04/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.26B USD
Price to earnings Ratio 160
1Y Target Price 29.5
Price to earnings Ratio 160
1Y Target Price 29.5
Volume (30-day avg) 1944656
Beta 0.98
52 Weeks Range 7.55 - 18.51
Updated Date 04/6/2025
52 Weeks Range 7.55 - 18.51
Updated Date 04/6/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.08

Earnings Date

Report Date 2025-03-19
When Before Market
Estimate -0.1175
Actual 0.51

Profitability

Profit Margin 8.97%
Operating Margin (TTM) 54.51%

Management Effectiveness

Return on Assets (TTM) -0.66%
Return on Equity (TTM) 3.28%

Valuation

Trailing PE 160
Forward PE -
Enterprise Value 941953491
Price to Sales(TTM) 14.09
Enterprise Value 941953491
Price to Sales(TTM) 14.09
Enterprise Value to Revenue 10.57
Enterprise Value to EBITDA -9.88
Shares Outstanding 98119800
Shares Floating 47452700
Shares Outstanding 98119800
Shares Floating 47452700
Percent Insiders 22.97
Percent Institutions 74.91

Analyst Ratings

Rating 5
Target Price 26.75
Buy -
Strong Buy 4
Buy -
Strong Buy 4
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Silverback Therapeutics Inc

stock logo

Company Overview

overview logo History and Background

Silverback Therapeutics Inc. was founded in 2016. It was a biopharmaceutical company focused on developing therapies for cancer and other diseases. However, in November 2022, Silverback announced a strategic shift, discontinuing its lead program and reducing its workforce. It eventually merged with ARS Pharmaceuticals and ceased to exist as a separate entity.

business area logo Core Business Areas

  • Immuno-oncology Therapeutics (Historical): Silverback Therapeutics Inc. previously focused on developing immuno-oncology therapies using its ImmunoTAC technology platform. Their main goal was to create tissue-targeted therapies to treat a variety of cancer forms.

leadership logo Leadership and Structure

Prior to the merger with ARS Pharmaceuticals, Laura Shawver served as Chief Executive Officer. The company had a typical biotech organizational structure with departments focused on research and development, clinical operations, and business development.

Top Products and Market Share

overview logo Key Offerings

  • SBT6050 (Historical): SBT6050 was Silverback's lead product candidate, a TLR8 agonist linked to a HER2-targeting antibody. It was intended to treat HER2-expressing solid tumors. Clinical trials were underway, but development was discontinued. No market share data is available as the product never reached market. Competitors developing HER2-targeted therapies include Roche (Herceptin, Perjeta, Kadcyla) and Daiichi Sankyo/AstraZeneca (Enhertu).
  • SBT6290 (Historical): SBT6290 was a TLR8 agonist conjugated to a molecule targeting Nectin-4, being developed for solid tumors. Similar to SBT6050, it was in early development, with no market share information available. Astellas/Seagen (Padcev) is a major competitor in the Nectin-4 targeted therapy space, although Padcev is not TLR8 based.

Market Dynamics

industry overview logo Industry Overview

The immuno-oncology market is a rapidly growing segment of the pharmaceutical industry. It focuses on harnessing the body's immune system to fight cancer. This field includes checkpoint inhibitors, cell therapies, oncolytic viruses, and immunomodulatory agents.

Positioning

Silverback Therapeutics Inc. was positioned within the immuno-oncology space as a developer of targeted TLR8 agonists. Its ImmunoTAC platform aimed to deliver TLR8 agonists selectively to tumors, potentially reducing systemic toxicity and improving efficacy. Prior to its merger, the company's competitive advantage would've hinged on differentiated clinical data, but did not reach that point.

Total Addressable Market (TAM)

The total addressable market for immuno-oncology is estimated to be hundreds of billions of dollars annually. Silverback Therapeutics Inc. aimed to capture a portion of this market through its targeted TLR8 agonist technology. As its lead products never made it to market, there's no achieved positioning within the TAM.

Upturn SWOT Analysis

Strengths

  • Proprietary ImmunoTAC technology platform (Historical)
  • Experienced management team (Historical)
  • Strong preclinical data supporting ImmunoTAC approach (Historical)

Weaknesses

  • Clinical trial failures (Historical)
  • Dependence on a single technology platform (Historical)
  • Limited financial resources prior to the merger (Historical)

Opportunities

  • Partnerships with larger pharmaceutical companies (Historical)
  • Expansion of ImmunoTAC platform to new targets (Historical)
  • Potential for combination therapies with other immuno-oncology agents (Historical)

Threats

  • Competition from established immuno-oncology therapies
  • Clinical trial setbacks
  • Regulatory hurdles

Competitors and Market Share

competitor logo Key Competitors

  • Roche (ROG.SW)
  • AstraZeneca (AZN)
  • Bristol Myers Squibb (BMY)
  • Merck (MRK)
  • Seagen (SGEN) - acquired by Pfizer (PFE)

Competitive Landscape

Silverback's competitive advantage hinged on its ImmunoTAC platform, offering targeted delivery of TLR8 agonists. However, its lack of successful clinical trials hindered its ability to compete effectively against established immuno-oncology companies with approved products and larger resources.

Major Acquisitions

Growth Trajectory and Initiatives

Historical Growth: Silverback Therapeutics Inc. experienced initial growth related to its IPO and fundraising. However, clinical trial setbacks led to a decline in its stock price and ultimately the merger.

Future Projections: No longer applicable.

Recent Initiatives: The most recent initiative was the merger with ARS Pharmaceuticals, effectively ending Silverback's independent existence.

Summary

Silverback Therapeutics Inc. was a development-stage biotech company with a novel technology platform. Clinical trial setbacks led to a strategic shift and, ultimately, a merger, rendering its prior business obsolete. The company demonstrated initial promise, but struggled to translate its technology into successful clinical outcomes. Investors faced significant losses due to the company's failure to achieve clinical milestones.

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Sources and Disclaimers

Data Sources:

  • Company filings
  • Press releases
  • Analyst reports
  • Industry publications

Disclaimers:

The information provided is based on historical data and publicly available information. The analysis reflects the company's situation prior to the merger and may not be relevant to current market conditions. This is not investment advice.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Silverback Therapeutics Inc

Exchange NASDAQ
Headquaters San Diego, CA, United States
IPO Launch date 2020-12-04
Co-Founder, President, CEO & Director Mr. Richard Lowenthal M.B.A., M.S., MSMSEL
Sector Healthcare
Industry Biotechnology
Full time employees 155
Full time employees 155

ARS Pharmaceuticals, Inc., a biopharmaceutical company, develops treatments for severe allergic reactions. The company is developing neffy, a needle-free and low-dose intranasal epinephrine nasal spray for rescue medication for people with Type I severe allergic reactions, including anaphylaxis. It serves healthcare professionals, patients, and caregivers. The company was founded in 2015 and is headquartered in San Diego, California.

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