TSHANasdaqBiological Products, (No Diagnostic Substances)US GAAP · USD

Taysha Gene Therapies, Inc.

Taysha Gene Therapies, Inc. is a U.S.-based clinical-stage biotechnology company focused on developing AAV-based gene therapies for severe monogenic diseases of the central nervous system. Its lead program, TSHA-102, is being developed for Rett syndrome, and the company’s pipeline is centered on CNS gene therapy candidates.

Liikevaihto9,8milj. USD
+17,3 %v/v
Liikevoitto (EBIT)−110milj. USD
−20,8 %v/v
EBIT-marginaali−1 130,6%
−33,1 %-yks.v/v
Nettotulos−109milj. USD
−22,1 %v/v
Vapaa kassavirta−93,8milj. USD
−15,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−200−150−100−50050milj. USD2020: EBIT −43 milj. USD20202021: EBIT −173 milj. USD20212022: 2,5 milj. USD2022: EBIT −162 milj. USD20222023: 15 milj. USD2023: EBIT −72 milj. USD20232024: 8,3 milj. USD2024: EBIT −91 milj. USD20242025: 9,8 milj. USD2025: EBIT −110 milj. USD20259,8−110
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Lead clinical program100 %

TSHA-102 and related clinical development activities for Rett syndrome.

Pipeline gene therapy programs0 %

Additional AAV-based CNS gene therapy candidates in preclinical or early development.

Process development and manufacturing0 %

CMC, scale-up, and cGMP manufacturing support for clinical and future commercial supply.

Asiakkaat

Taysha does not sell approved products today; its direct counterparties are primarily regulators, clinical trial sites, contract manufacturers, and research collaborators that enable development. If approved, its eventual customers would be patients with severe CNS genetic diseases, with treatment access likely mediated by specialty healthcare providers and payers.

Clinical trial patients

Females with Rett syndrome enrolled in REVEAL Phase 1/2 studies to evaluate TSHA-102.

Clinical investigators and trial sites

Hospitals and research centers that administer study drug and collect safety/efficacy data.

Contract manufacturers

CMOs that produce cGMP gene therapy material for clinical trials and future supply.

Research collaborators and licensors

Academic and institutional partners that provide technology, know-how, or licensed IP.

Future healthcare providers and payers

Specialty neurology providers and reimbursement decision-makers for any approved therapy.

Strategia

Taysha’s strategy is to advance TSHA-102 through clinical development and regulatory review while building the manufacturing and quality capabilities needed for potential commercialization. It also seeks to broaden its CNS gene therapy pipeline through development, in-licensing, or acquisition of additional product candidates and technologies.

Advance TSHA-102 in Rett syndromeLyhyt aikaväli

The company is highly dependent on its lead clinical program for value creation.

Strengthen regulatory and clinical capabilitiesLyhyt aikaväli

Later-stage development and BLA preparation require capabilities the company has not yet fully executed at scale.

Build manufacturing and commercialization readinessKeskipitkä aikaväli

Gene therapy programs require specialized CMC, supply chain, and launch infrastructure before approval.

Expand the pipeline beyond TSHA-102Keskipitkä aikaväli

A broader portfolio can reduce single-asset dependence and create additional development optionality.

Maantiede

The company is headquartered in the United States and conducts its development, regulatory, and financing activities from there. Its lead program is being advanced through U.S.-based FDA interactions and clinical trials, while future commercialization would depend on approvals in the U.S. and potentially other jurisdictions.

Riskit

Taysha is exposed to the high failure rate of clinical-stage biotechnology, where early signals may not translate into pivotal trial success or regulatory approval. The company is also concentrated in a single lead asset, so setbacks in TSHA-102, manufacturing, or regulatory review could materially affect its prospects.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Clinical development failure1Single-asset concentration2Regulatory delay or rejection3
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Clinical development failureVaikutus: KriittinenTodennäköisyys: Kohtalainen

    TSHA-102 must show durable safety and efficacy in later-stage studies to support approval.

    Kohdistuu: Lead program TSHA-102

  2. Single-asset concentrationVaikutus: KriittinenTodennäköisyys: Kohtalainen

    The company is substantially dependent on one clinical candidate for value creation.

    Kohdistuu: TSHA-102

  3. Regulatory delay or rejectionVaikutus: KorkeaTodennäköisyys: Korkea

    The company has limited experience with pivotal trials and BLA submissions, increasing execution risk.

    Kohdistuu: FDA and foreign regulatory pathways

  4. Manufacturing and CMC executionVaikutus: Korkea

    AAV gene therapies require specialized process development, scale-up, and quality control.

    Kohdistuu: cGMP supply and future commercial manufacturing

  5. Financing and dilution riskVaikutus: Korkea

    As a pre-revenue biotech, continued development depends on external capital and access to markets.

    Kohdistuu: Operating runway and future funding needs

Kirjanpito

Harkinnanvaraiset erät
Research and development expense recognition

Clinical, manufacturing, and regulatory costs flow through R&D and can vary sharply by trial activity.

Vaikutus: Affects operating loss and cash burn

Stock-based compensation

Equity awards are a recurring non-cash cost for a development-stage biotech.

Vaikutus: Affects reported operating expenses and net loss

Asset impairment

Manufacturing or lab-related assets may be written down if plans change or utilization falls.

Vaikutus: Can create non-cash charges in operating results

Deferred revenue

Collaboration or upfront payments, if any, may be recognized over time rather than immediately.

Vaikutus: Can affect revenue timing and operating cash flow

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026