CELCNasdaqServices-Medical LaboratoriesUS GAAP · USD

Celcuity Inc.

Celcuity Inc. is a clinical-stage biotechnology company focused on developing targeted cancer therapies, with gedatolisib as its lead product candidate. The company’s work centers on advancing this drug through clinical development and regulatory review rather than selling commercial products today. Its business model depends on successful trial execution, FDA and other regulatory interactions, and access to financing to support ongoing research and development. Celcuity is based in the United States and operates in a highly regulated, capital-intensive segment of the life sciences industry.

Liikevoitto (EBIT)−172milj. USD
−52,0 %v/v
Nettotulos−177milj. USD
−58,4 %v/v
Vapaa kassavirta−154milj. USD
−83,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−200−150−100−500milj. USD2020: EBIT −9,6 milj. USD20202021: EBIT −28 milj. USD20212022: EBIT −39 milj. USD20222023: EBIT −66 milj. USD20232024: EBIT −113 milj. USD20242025: EBIT −172 milj. USD2025−172
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Lead drug candidate development100 %

Development of gedatolisib and related clinical-stage oncology programs.

Regulatory and clinical operations0 %

Activities required to run trials, prepare submissions, and interact with regulators.

Supply chain and API management0 %

Qualification and sourcing of gedatolisib active pharmaceutical ingredient and related materials.

Asiakkaat

Celcuity does not currently appear to sell commercial products to a broad customer base; instead, its primary stakeholders are clinical investigators, trial sites, regulators, and future oncology prescribers and patients if gedatolisib is approved. In the near term, the company’s “customers” are effectively the institutions and partners involved in clinical development, including contract research and manufacturing providers that enable the program. Longer term, the commercial end users would be oncologists and cancer patients in the indications where gedatolisib is approved. The company’s value proposition is therefore tied to demonstrating clinical benefit, securing regulatory approval, and building a supply chain that can support eventual commercialization.

Regulatory agencies

The FDA and EMA review clinical data and marketing applications, making timely guidance and approval essential to the program.

Clinical trial sites and investigators

Hospitals, research centers, and investigators conduct studies needed to generate efficacy and safety data for gedatolisib.

Contract manufacturers and suppliers

Manufacturing and supply partners provide API and other materials needed to support development and future launch readiness.

Future oncology prescribers and patients

Oncologists and cancer patients are the eventual commercial audience if the product candidate is approved.

Strategia

Celcuity’s strategy is centered on advancing gedatolisib through clinical development and securing regulatory approval. A key priority is maintaining adequate API inventory and qualifying a second source of supply, which reduces single-source manufacturing risk and supports continuity of development. The company is also focused on preserving access to regulators and keeping its submission pathway on track despite potential FDA disruption or policy changes. More broadly, the strategy is to convert a clinical asset into a commercially viable oncology product, which requires both scientific execution and financing discipline.

Advance gedatolisib through clinical and regulatory milestonesLyhyt aikaväli

Approval is the main value-creation path for a pre-commercial oncology company.

Strengthen supply chain resilience for APILyhyt aikaväli

Single-source or import-dependent supply can disrupt trials and increase costs.

Navigate regulatory uncertainty in the U.S. and abroadKeskipitkä aikaväli

Delays or disruptions at the FDA or EMA can slow development and increase burn.

Maantiede

Celcuity is headquartered in the United States and its operating footprint is centered on U.S.-based development and regulatory activity. The company’s disclosures also reference the European Medicines Agency, indicating that foreign regulatory pathways may matter for future development or expansion. Its supply chain is exposed to cross-border sourcing because the company expects to maintain inventory of gedatolisib API and qualify a second source, which creates sensitivity to tariffs and import restrictions. Because the business is still pre-commercial, geography matters more through regulatory access, manufacturing sourcing, and trial execution than through revenue diversification.

Riskit

Celcuity faces the classic risks of a clinical-stage biotechnology company: trial failure, regulatory delay, and the possibility that a promising asset never reaches commercialization. The company specifically highlights the risk that FDA disruptions, leadership changes, or government shutdowns could slow guidance and review of its product candidate, which would directly affect development timelines. It also warns that tariffs and trade restrictions could increase the cost of imported equipment, materials, or API, raising operating costs and potentially disrupting supply. More generally, biotech companies are exposed to financing risk, manufacturing scale-up risk, and competitive pressure from other oncology programs pursuing similar mechanisms or indications.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Clinical trial or regulatory failure for gedatolisib1Financing and liquidity pressure2FDA staffing, funding, or leadership disruptions3Tariffs and trade restrictions on imported materials or API4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Clinical trial or regulatory failure for gedatolisibVaikutus: KriittinenTodennäköisyys: Matala

    As a single-asset or lead-asset biotech, the company’s value depends heavily on one program.

    Kohdistuu: Lead oncology pipeline

  2. Financing and liquidity pressureVaikutus: KorkeaTodennäköisyys: Korkea

    Development-stage biotech companies typically require repeated external capital raises before commercialization.

    Kohdistuu: Operating runway and dilution risk

  3. FDA staffing, funding, or leadership disruptionsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company depends on timely FDA guidance and review of clinical and marketing submissions.

    Kohdistuu: Clinical development and approval timeline

  4. Tariffs and trade restrictions on imported materials or APIVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Higher import costs or supply constraints could increase development expenses and delay programs.

    Kohdistuu: API sourcing and manufacturing inputs

Kirjanpito

Harkinnanvaraiset erät
Research and development accruals

Outsourced trial and regulatory costs are often recognized before cash payment, affecting quarterly comparability.

Vaikutus: Can materially change reported operating expenses from quarter to quarter

Inventory and supply chain accounting

Maintaining gedatolisib API inventory and qualifying a second source introduces valuation and obsolescence considerations.

Vaikutus: May affect balance sheet carrying values and future cost of goods assumptions

Debt and financing arrangements

The company disclosed substantial indebtedness and loan amendments, making interest and covenant accounting important.

Vaikutus: Affects leverage presentation, interest expense, and liquidity analysis

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026