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Turn Therapeutics Priced, Nasdaq: TTRX

Developing drugs and medical products for the wound and dermatology markets.

Industry: Health Care

Latest Trade: $4.25 0.00 (0.0%)

First Day Return: +20.1%

Return from IPO: -27.1%

Industry: Health Care

We are a pharmaceutical and medical device development company built around a proprietary platform technology designed to enhance drug performance. Our patented mixing process, commercially referred to as PermaFusion™ (“PermaFusion”), enables stable suspension of polar, water-soluble active pharmaceutical ingredients (“APIs”) in oil-based carriers without the use of emulsifiers. This innovation reduces the quantity of required API inclusion by improving its bioavailability. Reduced API load reduces the likelihood of adverse events. Our proprietary platform has been validated across multiple FDA-cleared medical devices. Our primary development programs focus on dermatological diseases, including moderate to severe eczema and onychomycosis. Our company’s origin is rooted in the personal journey of our founder, who developed a topical ointment to heal his own chronic, treatment-resistant wounds using the PermaFusion platform he developed. His initial formulation, now known as Hexagen (“Hexagen”) suspends certain antimicrobial/anti-inflammatory compounds in petrolatum without known cytotoxicity, irritation or sensitization.
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IPO Data
IPO File Date 09/02/2025
Offer Price $5.83
Price Range $5.83 - $5.83
Offer Shares (mm) 17.9
Deal Size ($mm) $0
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/08/2025
Offer Price $5.83
Price Range $5.83 - $5.83
Offer Shares (mm) 17.9
Deal Size ($mm) $0
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Clear Street
Company Data
Headquarters Westlake Village, CA, United States
Founded 2015
Employees at IPO 2
Website turntherapeutics.com

Turn Therapeutics (TTRX) Performance