PLRX on Nasdaq
Pliant (United States)
We are a clinical-stage biopharmaceutical company focused on discovering and developing integrin-based therapeutics.1
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Last updated Oct 19, 2026.
Overview
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- TickerPLRX on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersSouth San Francisco, California1
- Websitepliantrx.com
- Incorporated inDE3
- Business address331 Oyster Point Boulevard, South San Francisco, Ca 940803
- Filer categoryNon-accelerated filer, Smaller reporting company3
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We are a clinical-stage biopharmaceutical company focused on discovering and developing integrin-based therapeutics. Our lead program is focused on the development of treatments for solid tumors by inhibiting integrin-mediated activation of transforming growth factor-β (TGF-β). We have applied our deep understanding of integrin biology, along with our medicinal chemistry and translational medicine expertise to develop a proprietary drug discovery platform that we believe has broad applicability across multiple areas of disease.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $0 | $0 |
| Research and development | -$109.2M | -$169.3M |
| General and administrative | -$47.2M | -$59.1M |
| Total operating expenses | -$156.4M | -$228.4M |
| Loss from operations | -$156.4M | -$228.4M |
| Interest and other income (expense), net | $11.4M | $21.1M |
| Interest expense | -$2.6M | -$3.0M |
| Loss on extinguishment of debt (Note 7) | -$1.8M | $0 |
| Net loss | -$149.3M | -$210.3M |
| Net loss per share - basic (USD per share) | -$2.43 | -$3.47 |
| Net loss per share - diluted (USD per share) | -$2.43 | -$3.47 |
| Weighted average shares used in computing net loss per share - basic (in shares) | 61.4M shares | 60.5M shares |
| Weighted average shares used in computing net loss per share - diluted (in shares) | 61.4M shares | 60.5M shares |
| Net unrealized loss on short-term investments | -$336.0K | -$24.0K |
| Total other comprehensive loss | -$336.0K | -$24.0K |
| Comprehensive loss | -$149.7M | -$210.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $45.4M | $71.2M | |
| Short-term investments | $145.5M | $284.5M | |
| Prepaid expenses and other current assets (Note 5) | $4.5M | $6.5M | |
| Property and equipment held for sale (Note 4) | $1.0M | $0 | |
| Total current assets | $196.4M | $362.3M | |
| Property and equipment, net (Note 4) | $2.9M | $5.5M | |
| Operating lease right-of-use assets | $24.0M | $27.2M | |
| Restricted cash | $1.5M | $1.5M | |
| Other non-current assets | $392.0K | $435.0K | |
| Total assets | $225.2M | $396.9M | |
| Accounts payable | $480.0K | $6.0M | |
| Accrued research and development | $4.8M | $14.4M | |
| Accrued liabilities (Note 6) | $9.6M | $12.4M | |
| Lease liabilities, current | $1.4M | $542.0K | |
| Total current liabilities | $16.4M | $33.2M | |
| Lease liabilities, non-current | $27.7M | $29.4M | |
| Long-term debt (Note 7) | $0 | $30.2M | |
| Total liabilities | $44.0M | $92.9M | |
| Preferred stock, $0.0001 par value 10,000,000 shares authorized at December 31, 2025 and 2024, none issued or outstanding at December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.0001 par value; 300,000,000 shares authorized at December 31, 2025 and 2024; and 61,449,290 and 60,860,838 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively; | $6.0K | $6.0K | |
| Additional paid-in capital | $1.0B | $1.0B | |
| Accumulated deficit | -$859.4M | -$710.1M | |
| Accumulated other comprehensive (loss) gain | -$15.0K | $321.0K | |
| Total stockholders equity | $181.2M | $304.1M | $473.6M |
| Total liabilities and stockholders equity | $225.2M | $396.9M | |
| Preferred stock, par value (USD per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (USD per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 300.0M shares | 300.0M shares | |
| Common stock, shares issued (in shares) | 61.4M shares | 60.9M shares | |
| Common stock, shares outstanding (in shares) | 61.4M shares | 60.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $45.4M | $71.2M | |
| Short-term investments | $145.5M | $284.5M | |
| Prepaid expenses and other current assets (Note 5) | $4.5M | $6.5M | |
| Property and equipment held for sale (Note 4) | $1.0M | $0 | |
| Total current assets | $196.4M | $362.3M | |
| Property and equipment, net (Note 4) | $2.9M | $5.5M | |
| Operating lease right-of-use assets | $24.0M | $27.2M | |
| Restricted cash | $1.5M | $1.5M | |
| Other non-current assets | $392.0K | $435.0K | |
| Total assets | $225.2M | $396.9M | |
| Accounts payable | $480.0K | $6.0M | |
| Accrued research and development | $4.8M | $14.4M | |
| Accrued liabilities (Note 6) | $9.6M | $12.4M | |
| Lease liabilities, current | $1.4M | $542.0K | |
| Total current liabilities | $16.4M | $33.2M | |
| Lease liabilities, non-current | $27.7M | $29.4M | |
| Long-term debt (Note 7) | $0 | $30.2M | |
| Total liabilities | $44.0M | $92.9M | |
| Preferred stock, $0.0001 par value 10,000,000 shares authorized at December 31, 2025 and 2024, none issued or outstanding at December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.0001 par value; 300,000,000 shares authorized at December 31, 2025 and 2024; and 61,449,290 and 60,860,838 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively; | $6.0K | $6.0K | |
| Additional paid-in capital | $1.0B | $1.0B | |
| Accumulated deficit | -$859.4M | -$710.1M | |
| Accumulated other comprehensive (loss) gain | -$15.0K | $321.0K | |
| Total stockholders equity | $181.2M | $304.1M | $473.6M |
| Total liabilities and stockholders equity | $225.2M | $396.9M | |
| Preferred stock, par value (USD per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (USD per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 300.0M shares | 300.0M shares | |
| Common stock, shares issued (in shares) | 61.4M shares | 60.9M shares | |
| Common stock, shares outstanding (in shares) | 61.4M shares | 60.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$149.3M | -$210.3M |
| Depreciation expense | $1.7M | $2.1M |
| Stock-based compensation expense | $26.2M | $37.6M |
| Gain on sale of property plant and equipment | -$44.0K | $0 |
| Non-cash operating lease expense | $3.3M | $3.5M |
| Amortization (accretion) on short-term investments | $4.0M | $2.5M |
| Loss on extinguishment of debt | $1.8M | $0 |
| Prepaid expenses and other current assets | $2.5M | $4.7M |
| Other non-current assets | $43.0K | -$43.0K |
| Accounts payable | -$5.5M | $1.4M |
| Accrued liabilities | -$12.2M | $3.8M |
| Operating lease liabilities | -$876.0K | -$820.0K |
| Net cash used in operating activities | -$128.3M | -$155.5M |
| Purchase of short-term investments | -$203.4M | -$211.3M |
| Maturity of short-term investments | $337.9M | $355.5M |
| Purchase of property and equipment | -$374.0K | -$3.8M |
| Proceeds from sale of property, plant and equipment | $155.0K | $0 |
| Net cash provided by investing activities | $134.3M | $140.3M |
| Proceeds from issuances of common stock under benefit plans | $570.0K | $3.2M |
| Payment of debt | -$32.3M | $0 |
| Proceeds from term loan, net of issuance costs | $0 | $19.9M |
| Net cash (used in) provided by financing activities | -$31.7M | $23.1M |
| Net (decrease) increase in cash and cash equivalents | -$25.7M | $8.0M |
| Cash paid for interest | $2.5M | $2.6M |
| Purchase of property and equipment in accounts payable | $112.0K | $236.0K |
| Cash paid for operating lease liabilities in operating cash flows | $5.6M | $4.7M |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $0 | $29.8M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Pliant (United States), and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief operating officer
- Chief executive officerBernard Coulie Jun 2, 2020 to now13
- PresidentBernard Coulie Jun 2, 2020 to now13
- Chief operating officerMinnie Kuo Dec 22, 2025 to now14
Board members and other officers (20)
- Chief Human Resource OfficerLily Cheung Jan 23, 2023 to now15
- Chief Human Resource OfficerBarbara Howes Jun 2, 2020 to Jan 26, 202116
- Chief Medical OfficerEric Lefebvre Jun 2, 2020 to now17
- Chief Business OfficerHans Hull Jun 2, 2020 to now18
- Board memberFlavia Borellini Jul 13, 2026 to now19
- Board memberRobert Iannone Jul 13, 2026 to now20
- Board memberSteve E. Krognes Jun 17, 2024 to now21
- Board memberDarren S. Cline Mar 8, 2023 to now22
- Board memberThomas A. McCourt Mar 8, 2023 to now23
- Board memberKatharine Knobil Sep 16, 2022 to now24
- Board memberDavid E. I. Pyott Jan 13, 2021 to now25
- Board memberBernard Coulie Jun 2, 2020 to now13
- Board memberCharles J. Homcy Jun 2, 2020 to Jun 30, 202126
- Board memberGayle A. Crowell Jun 2, 2020 to now27
- Board memberHoyoung Huh Jun 2, 2020 to now28
- Board memberJohn T. Curnutte Jun 2, 2020 to now29
- Board memberNeil Exter Jun 2, 2020 to Jun 21, 202230
- Board memberSmital Shah Jun 2, 2020 to Jun 17, 202431
- Board memberSuzanne Louise Bruhn Jun 2, 2020 to now32
- General counselMike Ouimette Oct 6, 2020 to now33
Timeline
Filings
324 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 58 major events, 158 insider forms, 47 large holders, 39 other. The latest 20:
- Oct 2, 20264 EDGAR
- Oct 2, 20263 EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 20268-K EDGAR
- Aug 11, 202610-Q EDGAR
- Jul 13, 20263 EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20268-K EDGAR
- Jul 13, 20263 EDGAR
- Jul 13, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 11, 20268-K EDGAR
- May 11, 202610-Q EDGAR
- May 11, 20268-K EDGAR
The 324 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
63 open-market trades by officers, directors and large owners since October 2021: 0 buys and 63 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 20, 2026 | Cummings Keith LamontChief Financial Officer | Sale | 24,002 | $1.28 | $30.7K | Form 4 |
| Jan 20, 2026 | Cheung LilyChief Human Resource Officer | Sale | 7,534 | $1.28 | $9.6K | Form 4 |
| Jan 20, 2026 | Coulie BernardPresident and CEO | Sale | 89,375 | $1.28 | $114.4K | Form 4 |
| Jan 20, 2026 | Kuo MinnieChief Operating Officer | Sale | 6,917 | $1.28 | $8.9K | Form 4 |
| Jan 22, 2025 | Ouimette MikeGeneral Counsel & Corp. Sec'y | Sale | 10,230 | $10.99 | $112.4K | Form 4 |
| Jan 17, 2025 | Coulie BernardPresident and CEO | Sale | 52,419 | $11.20 | $587.1K | Form 4 |
| Jan 17, 2025 | Cummings Keith LamontChief Financial Officer | Sale | 20,148 | $11.20 | $225.7K | Form 4 |
| Jan 17, 2025 | Hull HansChief Business Officer | Sale | 15,936 | $11.20 | $178.5K | Form 4 |
| Jan 17, 2025 | Lefebvre EricChief Medical Officer | Sale | 18,478 | $11.20 | $207.0K | Form 4 |
| Jan 17, 2025 | Cheung LilyChief Human Resource Officer | Sale | 3,740 | $11.20 | $41.9K | Form 4 |
| Jan 17, 2025 | Ouimette MikeGeneral Counsel & Corp. Sec'y | Sale | 13,270 | $11.20 | $148.6K | Form 4 |
| Jul 10, 2024 | Lefebvre EricChief Medical Officer | Sale | 12,319 | $11.56 | $142.4K | Form 4 |
| Jul 10, 2024 | Hull HansChief Business Officer | Sale | 9,900 | $11.56 | $114.4K | Form 4 |
| Jul 10, 2024 | Cummings Keith LamontChief Financial Officer | Sale | 10,911 | $11.56 | $126.1K | Form 4 |
| Jul 10, 2024 | Coulie BernardPresident and CEO | Sale | 38,710 | $11.56 | $447.5K | Form 4 |
| Jul 10, 2024 | Ouimette MikeGeneral Counsel & Corp. Sec'y | Sale | 7,656 | $11.56 | $88.5K | Form 4 |
| Jan 17, 2024 | Cummings Keith LamontChief Financial Officer | Sale | 9,781 | $17.23 | $168.5K | Form 4 |
| Jan 17, 2024 | Hull HansChief Business Officer | Sale | 9,786 | $17.23 | $168.6K | Form 4 |
| Jan 17, 2024 | Coulie BernardPresident and CEO | Sale | 25,721 | $17.23 | $443.2K | Form 4 |
| Jan 17, 2024 | Lefebvre EricChief Medical Officer | Sale | 10,295 | $17.23 | $177.4K | Form 4 |
All 63 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ADAR1 Capital Management, LLCSCHEDULE 13G, 1 filing Aug 14, 202634
- CITADEL ADVISORS LLCSCHEDULE 13G/A, 4 filings Jan 22, 2026 to Aug 14, 202635
- Point72 Asset Management, L.P.SCHEDULE 13G/A, 2 filings Sep 4, 2025 to Feb 17, 202636
- Woodline Partners LPSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 17, 202637
- Morgan StanleySCHEDULE 13G/A, 2 filings Aug 6, 2025 to Jan 8, 202638
- Deep Track Capital, LPSCHEDULE 13G/A, 4 filings Mar 20, 2023 to Nov 14, 202539
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Feb 13, 2024 to Jul 29, 202540
- Paradigm Biocapital Advisors LPSCHEDULE 13G/A, 2 filings Oct 4, 2024 to May 15, 202541
- PRICE T ROWE ASSOCIATES INC /MD/SCHEDULE 13G/A, 3 filings Feb 14, 2024 to May 14, 202542
- TANG CAPITAL MANAGEMENT LLCSCHEDULE 13D, 1 filing Mar 10, 202543
- FMR LLCSCHEDULE 13G/A, 6 filings Feb 9, 2022 to Mar 7, 202544
- Redmile Group, LLCSCHEDULE 13G/A, 5 filings Feb 14, 2022 to Feb 14, 202545
- Blue Owl CapitalSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202446
- First Light Asset Management, LLCSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202447
- Laurion Capital Management LPSC 13G/A, 2 filings Feb 8, 2024 to Nov 12, 202448
- Third Rock Ventures III, L.P.SC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 202449
- CHI Advisors LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202350
- Novartis Institutes for BioMedical Research, Inc.SC 13G/A, 1 filing Aug 31, 202251
- EVENTIDE ASSET MANAGEMENT, LLCSC 13G/A, 1 filing Feb 14, 202252
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 85. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Tang Capital Management LLC | 6,141,261 | $7.0M | 0.3% | −1,871 |
| ADAR1 Capital Management, LLC | 5,509,724 | $6.3M | 0.3% | +2,924,598 |
| Vanguard Capital Management LLC | 2,440,351 | $2.8M | 0.0% | +97,250 |
| Two Sigma Investments, LP | 2,262,832 | $2.6M | 0.0% | +9,694 |
| Citadel Advisors LLC | 2,142,226 | $2.4M | 0.0% | −1,084,373 |
| Renaissance Technologies LLC | 2,049,874 | $2.3M | 0.0% | +197,032 |
| Monaco Asset Management SAM | 1,938,747 | $2.2M | 0.8% | No change |
| Lynx1 Capital Management LP | 1,798,070 | $2.0M | 0.2% | New |
| BML Capital Management, LLC | 1,546,137 | $1.8M | 1.0% | No change |
| Prosight Management, LP | 1,370,233 | $1.6M | 0.3% | −297,367 |
| Peapod Lane Capital LLC | 1,309,013 | $1.5M | 1.0% | +20,435 |
| Woodline Partners LP | 1,296,534 | $1.5M | 0.0% | −370,296 |
| BlackRock, Inc. | 1,151,214 | $1.3M | 0.0% | +54,784 |
| Ikarian Capital, LLC | 1,000,000 | $1.1M | 0.2% | New |
| Eversept Partners, LP | 891,425 | $1.0M | 0.1% | No change |
| Marshall Wace, Llp | 835,124 | $952.0K | 0.0% | −160,849 |
| Redmile Group, LLC | 772,126 | $880.2K | 0.1% | No change |
| Jpmorgan Chase & Co | 681,647 | $783.9K | 0.0% | −180,176 |
| Jacobs Levy Equity Management, Inc | 643,120 | $733.2K | 0.0% | −75,423 |
| Geode Capital Management, LLC | 578,577 | $660.0K | 0.0% | +161,303 |
| UBS Group AG | 571,760 | $651.8K | 0.0% | −486,194 |
| Millennium Management LLC | 559,447 | $637.8K | 0.0% | −621,071 |
| Bridgeway Capital Management, LLC | 553,630 | $631.1K | 0.0% | No change |
| Connor, Clark & Lunn Investment Management Ltd. | 536,081 | $611.1K | 0.0% | +18,628 |
| DAFNA Capital Management LLC | 487,000 | $555.2K | 0.1% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitepliantrx.com1
- WikidataQ97041244
- SEC EDGARCIK 1746473
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARMinnie Kuo, Chief operating officer
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- 17SEC EDGAREric Lefebvre, Chief Medical Officer
- 18SEC EDGARHans Hull, Chief Business Officer
- 19SEC EDGARFlavia Borellini, Board member
- 20SEC EDGARRobert Iannone, Board member
- 21SEC EDGARSteve E. Krognes, Board member
- 22SEC EDGARDarren S. Cline, Board member
- 23SEC EDGARThomas A. McCourt, Board member
- 24SEC EDGARKatharine Knobil, Board member
- 25SEC EDGARDavid E. I. Pyott, Board member
- 26SEC EDGARCharles J. Homcy, Board member
- 27SEC EDGARGayle A. Crowell, Board member
- 28SEC EDGARHoyoung Huh, Board member
- 29SEC EDGARJohn T. Curnutte, Board member
- 30SEC EDGARNeil Exter, Board member
- 31SEC EDGARSmital Shah, Board member
- 32SEC EDGARSuzanne Louise Bruhn, Board member
- 33SEC EDGARMike Ouimette, General counsel
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