First Tracks Biotherapeutics, spun off from AnaptysBio, launches with $180M cash and a diverse, early-stage pipeline. I rate TRAX as a Hold due to post-spin instability, near-term dilution risk, and a multi-year path to revenue. ANB033 targets celiac disease, with no current FDA-approved therapies; pivotal trial data are expected in Q4 2026–2027, with commercialization likely a decade away.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AR Anupam Rama JP Morgan | 138.17 | $2,625.17 | $2,434.5 | -$190.67 | -7.26% |
| MY Michael Yee UBS | 549.71 | $9,747.63 | $9,609.01 | -$138.62 | -1.42% |
| ED Etzer Darout Barclays | 1,319.24 | $24,019.51 | $23,429.68 | -$589.83 | -2.46% |
| Biotechnology Industry | Healthcare Sector | Daniel R. Faga CEO | NASDAQ (NGS) Exchange | 337185102 CUSIP |
| US Country | 104 Employees | - Last Dividend | - Last Split | - IPO Date |