image
Healthcare - Biotechnology - NASDAQ - US
$ 7.93
-9.37 %
$ 842 M
Market Cap
-2.68
P/E
1. INTRINSIC VALUE

89bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its lead product candidate is pegozafermin, a glycoPEGylated analog of fibroblast growth factor 21 for the treatment of nonalcoholic steatohepatitis. The company also intends to develop pegozafermin for the treatment of severe hypertriglyceridemia. 89bio, Inc. was incorporated in 2018 and is headquartered in San Francisco, California.[ Read More ]

The intrinsic value of one ETNB stock under the base case scenario is HIDDEN Compared to the current market price of 7.93 USD, 89bio, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ETNB

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FINANCIALS
0 REVENUE
0.00%
-151 M OPERATING INCOME
-147.88%
-142 M NET INCOME
-39.37%
-129 M OPERATING CASH FLOW
-59.31%
-123 M INVESTING CASH FLOW
-262.43%
513 M FINANCING CASH FLOW
335.46%
0 REVENUE
0.00%
-152 M OPERATING INCOME
-184.34%
-149 M NET INCOME
-210.76%
-145 M OPERATING CASH FLOW
-137.65%
-8.64 M INVESTING CASH FLOW
-31.02%
33.2 M FINANCING CASH FLOW
18.71%
Balance Sheet Decomposition 89bio, Inc.
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Current Assets 594 M
Cash & Short-Term Investments 579 M
Receivables 0
Other Current Assets 14.7 M
Non-Current Assets 2.74 M
Long-Term Investments 0
PP&E 2.34 M
Other Non-Current Assets 396 K
Current Liabilities 29.6 M
Accounts Payable 8.58 M
Short-Term Debt 992 K
Other Current Liabilities 20 M
Non-Current Liabilities 30.4 M
Long-Term Debt 26.6 M
Other Non-Current Liabilities 3.74 M
EFFICIENCY
Earnings Waterfall 89bio, Inc.
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Revenue 0
Cost Of Revenue 273 K
Gross Profit -273 K
Operating Expenses 151 M
Operating Income -151 M
Other Expenses -9.02 M
Net Income -142 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
-26.51% ROE
-26.51%
-23.85% ROA
-23.85%
-27.68% ROIC
-27.68%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis 89bio, Inc.
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Net Income -142 M
Depreciation & Amortization 50 K
Capital Expenditures -4 K
Stock-Based Compensation 16.1 M
Change in Working Capital 657 K
Others 637 K
Free Cash Flow -129 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets 89bio, Inc.
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Wall Street analysts predict an average 1-year price target for ETNB of $22 , with forecasts ranging from a low of $12 to a high of $29 .
ETNB Lowest Price Target Wall Street Target
12 USD 51.32%
ETNB Average Price Target Wall Street Target
22 USD 177.43%
ETNB Highest Price Target Wall Street Target
29 USD 265.70%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership 89bio, Inc.
image
Sold
0-3 MONTHS
227 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
623 K USD 1
9-12 MONTHS
560 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
20.7 M USD 1
6-9 MONTHS
1.08 K USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
2 weeks ago
Oct 30, 2024
Sell 227 K USD
Le-Nguyen Quoc
See Remarks
- 27955
8.12 USD
7 months ago
Apr 01, 2024
Sell 575 K USD
PALEKAR ROHAN
Chief Executive Officer
- 52718
10.91 USD
8 months ago
Mar 04, 2024
Bought 20.7 M USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 1350000
15.35 USD
8 months ago
Feb 26, 2024
Sell 48.2 K USD
PALEKAR ROHAN
Chief Executive Officer
- 4477
10.76 USD
10 months ago
Dec 29, 2023
Sell 560 K USD
PALEKAR ROHAN
Chief Executive Officer
- 50000
11.2 USD
11 months ago
Dec 11, 2023
Bought 1.08 K USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 1081081
0.001 USD
1 year ago
Jul 17, 2023
Sell 235 K USD
LAPORTE KATHLEEN
Director
- 12500
18.8 USD
1 year ago
Jun 05, 2023
Sell 300 K USD
PALEKAR ROHAN
Chief Executive Officer
- 15000
20 USD
1 year ago
Jun 01, 2023
Sell 112 K USD
Atkinson Edward Morrow III
Director
- 6250
17.91 USD
1 year ago
May 09, 2023
Sell 248 K USD
Le-Nguyen Quoc
See Remarks
- 13683
18.11 USD
1 year ago
Apr 04, 2023
Sell 130 K USD
Martins Ryan
Chief Financial Officer
- 8721
14.95 USD
1 year ago
Mar 24, 2023
Bought 40 M USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 2461538
16.25 USD
2 years ago
Apr 25, 2022
Bought 26.7 K USD
Hayden Michael R
Director
+ 10000
2.67 USD
2 years ago
Apr 07, 2022
Bought 34.8 K USD
Hayden Michael R
Director
+ 10000
3.475 USD
2 years ago
Mar 30, 2022
Bought 22.6 K USD
Hayden Michael R
Director
+ 6250
3.62 USD
1 year ago
Mar 28, 2023
Bought 994 K USD
Hayden Michael R
Director
+ 61538
16.15 USD
1 year ago
Mar 23, 2023
Sell 80.6 K USD
Martins Ryan
Chief Financial Officer
- 5000
16.11 USD
1 year ago
Mar 23, 2023
Sell 240 K USD
PALEKAR ROHAN
Chief Executive Officer
- 15000
16 USD
1 year ago
Mar 01, 2023
Sell 136 K USD
Atkinson Edward Morrow III
Director
- 10000
13.6 USD
1 year ago
Feb 21, 2023
Sell 35.3 K USD
Martins Ryan
Chief Financial Officer
- 2540
13.89 USD
1 year ago
Feb 08, 2023
Sell 21.3 K USD
Martins Ryan
Chief Financial Officer
- 1480
14.41 USD
1 year ago
Feb 03, 2023
Sell 39.3 K USD
Martins Ryan
Chief Financial Officer
- 3000
13.11 USD
1 year ago
Feb 03, 2023
Sell 7.52 K USD
Martins Ryan
Chief Financial Officer
- 592
12.7 USD
1 year ago
Jan 03, 2023
Sell 74.4 K USD
Martins Ryan
Chief Financial Officer
- 5947
12.51 USD
2 years ago
Oct 18, 2022
Bought 8.97 M USD
RA CAPITAL MANAGEMENT, L.P.
Director
+ 1172741
7.65 USD
2 years ago
Jul 01, 2022
Bought 10 M USD
Shah Rajeev M.
director:
+ 2816900
3.55 USD
2 years ago
Jul 01, 2022
Bought 10 M USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 2816900
3.55 USD
2 years ago
Jul 01, 2022
Bought 15 M USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 2816900
5.325 USD
2 years ago
Feb 01, 2022
Sell 39.9 K USD
Waisbourd Ram
See Remarks
- 7000
5.7 USD
2 years ago
Jan 28, 2022
Bought 15.4 K USD
PALEKAR ROHAN
Chief Executive Officer
+ 2500
6.14 USD
2 years ago
Jan 27, 2022
Bought 37.5 K USD
PALEKAR ROHAN
Chief Executive Officer
+ 5000
7.5 USD
2 years ago
Jan 25, 2022
Sell 206 K USD
ORBIMED ADVISORS LLC
10 percent owner
- 24545
8.4 USD
2 years ago
Jan 25, 2022
Sell 206 K USD
ORBIMED ADVISORS LLC
10 percent owner
- 24546
8.4 USD
2 years ago
Jan 26, 2022
Sell 90 K USD
ORBIMED ADVISORS LLC
10 percent owner
- 10740
8.38 USD
2 years ago
Jan 26, 2022
Sell 90 K USD
ORBIMED ADVISORS LLC
10 percent owner
- 10742
8.38 USD
2 years ago
Dec 16, 2021
Sell 80.4 K USD
Waisbourd Ram
See Remarks
- 7000
11.48 USD
3 years ago
Nov 16, 2021
Sell 115 K USD
Waisbourd Ram
See Remarks
- 7000
16.49 USD
3 years ago
Oct 18, 2021
Sell 122 K USD
Waisbourd Ram
See Remarks
- 7000
17.49 USD
3 years ago
Sep 16, 2021
Sell 136 K USD
Waisbourd Ram
See Remarks
- 7000
19.46 USD
3 years ago
Aug 16, 2021
Sell 128 K USD
Waisbourd Ram
See Remarks
- 7000
18.28 USD
3 years ago
Jul 16, 2021
Sell 118 K USD
Waisbourd Ram
See Remarks
- 7000
16.8 USD
3 years ago
Jul 08, 2021
Bought 32.5 K USD
PALEKAR ROHAN
Chief Executive Officer
+ 2000
16.25 USD
3 years ago
Jul 07, 2021
Bought 85.4 K USD
PALEKAR ROHAN
Chief Executive Officer
+ 5000
17.07 USD
3 years ago
Jun 16, 2021
Sell 138 K USD
Waisbourd Ram
See Remarks
- 7000
19.67 USD
3 years ago
Jun 02, 2021
Bought 416 K USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 22138
18.77 USD
3 years ago
May 28, 2021
Bought 2.32 M USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 123505
18.77 USD
3 years ago
May 27, 2021
Bought 667 K USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 35535
18.76 USD
3 years ago
May 26, 2021
Bought 872 K USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 48377
18.03 USD
3 years ago
May 17, 2021
Sell 151 K USD
Waisbourd Ram
See Remarks
- 7000
21.61 USD
3 years ago
Apr 21, 2021
Sell 23.5 K USD
Grunberg Gregory
Director
- 850
27.6 USD
3 years ago
Apr 19, 2021
Sell 250 K USD
Martins Ryan
Chief Financial Officer
- 10000
25 USD
3 years ago
Apr 16, 2021
Sell 170 K USD
Waisbourd Ram
See Remarks
- 7000
24.22 USD
3 years ago
Mar 16, 2021
Sell 169 K USD
Waisbourd Ram
See Remarks
- 7000
24.2 USD
3 years ago
Feb 16, 2021
Sell 164 K USD
Waisbourd Ram
See Remarks
- 7000
23.39 USD
3 years ago
Jan 19, 2021
Sell 148 K USD
Waisbourd Ram
See Remarks
- 7000
21.16 USD
3 years ago
Dec 16, 2020
Sell 189 K USD
Waisbourd Ram
See Remarks
- 7000
27.04 USD
4 years ago
Nov 16, 2020
Sell 128 K USD
Le-Nguyen Quoc
See Remarks
- 4548
28.11 USD
4 years ago
Nov 16, 2020
Sell 128 K USD
Le-Nguyen Quoc
See Remarks
- 4548
28.11 USD
4 years ago
Nov 16, 2020
Sell 192 K USD
Waisbourd Ram
COO and Chief Business Officer
- 7000
27.39 USD
4 years ago
Sep 21, 2020
Sell 3.85 M USD
ORBIMED ADVISORS LLC
Director
- 137500
28 USD
4 years ago
Sep 21, 2020
Sell 3.85 M USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
- 137500
28 USD
4 years ago
Sep 21, 2020
Sell 3.85 M USD
Naschitz Anat
director, 10 percent owner:
- 137500
28 USD
4 years ago
Sep 17, 2020
Bought 36.4 M USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 1300000
28 USD
4 years ago
Jul 10, 2020
Bought 3 M USD
Longitude Capital Partners III, LLC
10 percent owner
+ 109090
27.5 USD
4 years ago
Jul 10, 2020
Bought 3 M USD
Grunberg Gregory
director, 10 percent owner:
+ 109090
27.5 USD
4 years ago
Jul 08, 2020
Bought 7.56 M USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 275000
27.5 USD
5 years ago
Nov 11, 2019
Bought 4 M USD
Kariv Tomer
director, 10 percent owner:
+ 250000
16 USD
5 years ago
Nov 11, 2019
Bought 6.7 M USD
Naschitz Anat
director, 10 percent owner:
+ 418750
16 USD
5 years ago
Nov 11, 2019
Bought 24 M USD
RA CAPITAL MANAGEMENT, L.P.
director, 10 percent owner:
+ 1500000
16 USD
5 years ago
Nov 11, 2019
Bought 9.2 M USD
Grunberg Gregory
director, 10 percent owner:
+ 575000
16 USD
5 years ago
Nov 11, 2019
Bought 300 K USD
Hayden Michael R
Director
+ 18750
16 USD
5 years ago
Nov 11, 2019
Bought 9.2 M USD
Longitude Capital Partners III, LLC
10 percent owner
+ 575000
16 USD
5 years ago
Nov 11, 2019
Bought 6.7 M USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 418750
16 USD
7. News
89bio Presents New Analyses Evaluating Pegozafermin and Potential Benefit of Non-Invasive Tests from the ENLIVEN Phase 2b Trial in MASH Patients at AASLD The Liver Meeting® 2024 New post-hoc analyses reinforce pegozafermin's potential anti-fibrotic effects and the potential utility of non-invasive tests which correlate to histological endpoints New post-hoc analyses reinforce pegozafermin's potential anti-fibrotic effects and the potential utility of non-invasive tests which correlate to histological endpoints globenewswire.com - 1 day ago
89bio, Inc. Announces Upsized Pricing of $125.0 Million Public Offering of Common Stock and Pre-Funded Warrants SAN FRANCISCO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (“89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced the pricing of its previously announced upsized underwritten public offering of 11,455,882 shares of its common stock at a public offering price per share of $8.50 and, in lieu of common stock to a certain investor, pre-funded warrants to purchase up to 3,250,000 shares of its common stock at a public offering price of $8.499. The pre-funded warrants have an exercise price of $0.001 per share and are exercisable immediately. In addition, 89bio has granted the underwriters of the offering an option for a period of 30 days to purchase up to an additional 2,205,882 shares of its common stock at the public offering price, less the underwriting discounts and commissions. The gross proceeds of the offering to 89bio, before deducting the underwriting discounts and commissions and other offering expenses payable by 89bio, are expected to be approximately $125.0 million. The offering is expected to close on or about November 14, 2024, subject to the satisfaction of customary closing conditions. globenewswire.com - 4 days ago
89bio, Inc. Announces Proposed Underwritten Public Offering of Common Stock and Pre-Funded Warrants SAN FRANCISCO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (“89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced that it has commenced an underwritten public offering of $100 million of shares of its common stock or, in lieu of common stock to certain investors that so choose, pre-funded warrants to purchase shares of its common stock. In addition, 89bio is expected to grant the underwriters of the offering an option for a period of 30 days to purchase up to an additional $15 million of shares of its common stock at the public offering price, less the underwriting discounts and commissions. The proposed public offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. All of the securities to be sold in the offering are being offered by 89bio. globenewswire.com - 4 days ago
89bio to Participate in the UBS Global Healthcare Conference SAN FRANCISCO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (the “Company” or “89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced that the Company's Management will participate in a fireside chat at the UBS Global Healthcare Conference on Tuesday, November 12, 2024 at 12:30 PM EST and participate in one-on-one investor meetings. globenewswire.com - 1 week ago
89bio to Present New Analyses from ENLIVEN Phase 2b Pegozafermin Trial in Metabolic Dysfunction-Associated Steatohepatitis (MASH) at AASLD The Liver Meeting® 2024 SAN FRANCISCO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced that new analyses of data from the Phase 2b ENLIVEN trial evaluating pegozafermin in patients with metabolic dysfunction-associated steatohepatitis (MASH) with fibrosis will be featured in four poster presentations at the upcoming 75th Annual American Association for the Study of Liver Diseases (AASLD) The Liver Meeting ® 2024 being held November 15 to 19, 2024 in San Diego, California. globenewswire.com - 1 month ago
89bio Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN FRANCISCO, Oct. 11, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (the “Company” or “89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced that the Compensation Committee of the Company's Board of Directors approved the grant of non-qualified stock options to purchase an aggregate of 265,000 shares of the Company's common stock to two new employees (the “Inducement Grants”) on October 10, 2024 (the “Grant Date”). The Inducement Grants have been granted pursuant to the Company's 2023 Inducement Plan (the “Plan”). The Inducement Grants were granted as an inducement material to these individuals entering into employment with 89bio in accordance with Nasdaq Listing Rule 5635(c)(4). globenewswire.com - 1 month ago
89bio to Participate in the H.C. Wainwright 8th Annual MASH Investor Conference SAN FRANCISCO, Sept. 30, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (the “Company” or “89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced that the Company's Management will participate in a fireside chat and one-on-one investor meetings at the H.C. Wainwright 8th Annual MASH Investor Conference on Monday, October 7, 2024 at 11:30 AM ET. globenewswire.com - 1 month ago
89bio Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN FRANCISCO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (the “Company” or “89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced that the Compensation Committee of the Company's Board of Directors approved the grant of non-qualified stock options to purchase an aggregate of 15,000 shares of the Company's common stock to one new employee (the “Inducement Grant”) on September 13, 2024 (the “Grant Date”). The Inducement Grant has been granted pursuant to the Company's 2023 Inducement Plan (the “Plan”). The Inducement Grant was granted as an inducement material to the individual entering into employment with 89bio in accordance with Nasdaq Listing Rule 5635(c)(4). globenewswire.com - 1 month ago
89bio Announces Appointment of Teresa Perney, Ph.D. as Chief Regulatory and Quality Officer SAN FRANCISCO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, announced the appointment of Teresa Perney, Ph.D. as Chief Regulatory and Quality Officer, effective today. Dr. Perney brings an extensive track record of expertise and leadership in Regulatory, Product Development and Quality in the industry to the Company. globenewswire.com - 2 months ago
89bio Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN FRANCISCO, Aug. 09, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (the “Company” or “89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced that the Compensation Committee of the Company's Board of Directors approved the grant of non-qualified stock options to purchase an aggregate of 19,800 shares of the Company's common stock to two new employees and 350,000 shares of the Company's common stock to the newly-hired Chief Operating Officer, Francis Sarena (the “Inducement Grants”) on August 5, 2024 (the “Grant Date”). The Inducement Grants have been granted pursuant to the Company's 2023 Inducement Plan (the “Plan”). The Inducement Grants were granted as an inducement material to these individuals entering into employment with 89bio in accordance with Nasdaq Listing Rule 5635(c)(4). globenewswire.com - 3 months ago
89bio: Bullish In Light Of Further MOA Being Established By Peer 89bio, Inc. has two phase 3 studies underway, known as ENLIGHTEN-Fibrosis and ENLIGHTEN-Cirrhosis, which are using pegozafermin to target F2 — F3 and F4 compensated cirrhosis MASH patients respectively. The promise of the two ongoing phase 3 ENLIGHTEN studies is that there was alignment gained with the FDA that each could use an interim analysis endpoint for potential Accelerated Approval. The global non-alcoholic steatohepatitis market is projected to reach $24.26 billion by 2028. seekingalpha.com - 3 months ago
89bio Appoints Francis Sarena as Chief Operating Officer SAN FRANCISCO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced the appointment of Francis Sarena as Chief Operating Officer, effective August 5, 2024. globenewswire.com - 3 months ago
8. Profile Summary

89bio, Inc. ETNB

image
COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 842 M
Dividend Yield 0.00%
Description 89bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its lead product candidate is pegozafermin, a glycoPEGylated analog of fibroblast growth factor 21 for the treatment of nonalcoholic steatohepatitis. The company also intends to develop pegozafermin for the treatment of severe hypertriglyceridemia. 89bio, Inc. was incorporated in 2018 and is headquartered in San Francisco, California.
Contact 142 Sansome Street, San Francisco, CA, 94104 https://www.89bio.com
IPO Date Nov. 11, 2019
Employees 70
Officers Mr. Paul Shin Senior Vice President of R&D Operations Ms. Amanda Kurihara Vice President of People & Culture Mr. Shiva K. Natarajan CPA Senior Vice President of Finance & Principal Accounting Officer Ms. Annie J. Chang M.B.A. Vice President of Investor Relations & Corporate Communications Ms. Melissa Abel Senior Vice President of Commercial Strategy Dr. Harry Mansbach M.D. Chief Medical Officer Mr. Quoc Le-Nguyen Chief Technical Officer Mr. Ryan Stephen Martins Chief Financial Officer Mr. Rohan Palekar Chief Executive Officer & Director Mr. Francis W. Sarena Chief Operating Officer