HCW Biologics HCWB

NASDAQ HCWB
$0.77 -0.04 (-4.94%)
At close: Nov 13, 2026 · 4:00 PM EST

HCW Biologics (HCWB) stock price is $0.77, down 4.94% on the day, as of Nov 13, 2026. It has a market cap of $1.02Mn, and is classified in the Biotechnology industry (Healthcare sector).

Key Stats
Market Cap1.02 Mn
P/E-0.05
FCF (Yr)-13.39 Mn
ROA (Yr)-51.16
EV to EBIT0.52
Net Income (Yr)-7.96 Mn
Enterprise Value-4.00 Mn
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About

HCW Biologics Inc. is a clinical-stage biopharmaceutical company developing transformative fusion immunotherapeutics to treat diseases driven by chronic inflammation. The company focuses on the dual pathways of persistent immune cell activation and senescent cell accumulation that underlie chronic inflammatory conditions. It uses its proprietary TOBI platform, which employs a tissue factor scaffold to combine multiple cytokines, chemokines, ligands receptors and single chain…

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Sector: Healthcare Sector rationale HCW Biologics is a clinical-stage biopharmaceutical company that develops fusion immunotherapeutics for autoimmune and oncology indications, such as HCW9302 for alopecia areata. Its revenue is derived from licensing agreements for these medical candidates and the sale of reagents used in the manufacturing of CAR T and natural killer cell therapies, both of which fall squarely within the Healthcare sector. Industries: Biotechnology Biotechnology Primary HCW Biologics is a clinical-stage biopharmaceutical company developing therapies derived from biological science, specifically fusion immunotherapeutics and multifunctional proteins using its TOBI and TRBC platforms. Its revenue is derived from biologic-focused licensing agreements, milestone payments, and royalties from partners like Wugen and TRimmune. Life Sciences Tools Life Sciences Tools Secondary The company commercializes and sells specific reagents, HCW9201 and HCW9206, which are used by partners to improve the manufacturing of CAR T and natural killer cell therapies. Classified using BQ-MICS CIK: 0001828673

Agreement axis. Breakdown of Revenue (2025)

History

Consolidation Items Breakdown of Revenue (2025)

History
Peer percentiles

How HCW Biologics ranks

Ranked against the 695 companies in Pharmaceuticals and Biotechnology58 metrics · as of Nov 14, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last
  • P/ENegative earnings −0.05xMedian 17.0x 4th
  • P/FCFNegative free cash flow −0.08xMedian 19.0x 4th
  • P/Operating cash flowNegative operating cash flow −0.08xMedian 16.4x 4th
  • P/S 0.15xMedian 8.38x 97th
  • P/B 0.14xMedian 2.04x 95th
  • P/Tangible book 0.14xMedian 2.31x 96th
  • EV/EBITDANegative EBITDA −0.97xMedian 14.6x 23rd
  • EV/EBITNegative EBIT −0.89xMedian 18.4x 23rd
  • EV/Revenue 1.02xMedian 6.34x 86th
  • EV/FCFNegative free cash flow −0.56xMedian 23.4x 13th
  • EV/Operating cash flowNegative operating cash flow −0.56xMedian 19.3x 13th
  • PEG (3Y EPS CAGR)Negative earnings 0.00Median 0.43 Not meaningful —
Peer group

Peer Comparison

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S.No. Ticker Company Market CapP/EP/STotal Debt (Qtr)
1 LLY ELI LILLY & Co 1,359.75 Bn46.7415.7349.50 Bn
2 JNJ Johnson & Johnson 688.76 Bn42.836.9344.65 Bn
3 ABBV AbbVie Inc. 521.69 Bn50.487.9080.90 Bn
4 MRK Merck & Co., Inc. 364.31 Bn148.685.4153.78 Bn
5 NVS Novartis Ag 306.35 Bn17.915.08-
6 AZN Astrazeneca Plc 285.96 Bn25.924.82-6.68 Bn
7 AMGN Amgen Inc 251.88 Bn26.836.4754.01 Bn
8 HCWB HCW Biologics Inc. 0.00 Bn-0.050.150.01 Bn