Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
XCURthis companyExicure, Inc.	$0.89	-6.86×	8.69×	0×	-5.97×	-65.3%	0.0%	0.0%	0.0%	-126.0%	-86.8%	-25.1%	0.04×	0.7×	-10,117×	1.19×	0.0%	1	-27.84	1	C-
CVKDCadrenal Therapeutics, Inc. Common Stock	$1.02	-1.02×	4.94×	0×	-0.72×	66.0%	0.0%	0.0%	0.0%	-483.3%	-491.5%	-93.2%	0×	0.3×	0×	2.72×	0.0%	2	-15.68	2	C+
IBIOiBio, Inc.	$0.78	-5.47×	2.12×	1,821.05×	-4×	-38.6%	100.0%	-35141.0%	-33044.0%	-38.6%	-40.0%	-13.1%	0.03×	1.7×	-663.04×	7.85×	0.0%	2	-3.05	2	C+
MTVAMetaVia Inc.	$1.67	-1.15×	2.79×	0×	-0.37×	340.1%	0.0%	0.0%	0.0%	-243.3%	-21.6%	-105.6%	0.04×	0.78×	0×	1.93×	0.0%	0	-18.95	3	B
NRXSNeurAxis, Inc.	$6.32	-4.78×	12.13×	11.55×	-4.79×	-170.9%	84.2%	-219.4%	-218.5%	-229.5%	-204.7%	-15.7%	0.12×	0.59×	-105.85×	2.05×	0.0%	3	5	1	C-
RLYBRallybio Corporation	$15.64	-3.45×	0.53×	36.02×	0.01×	-35.3%	89.3%	-3270.9%	-1046.4%	-15.5%	-48.3%	-96.5%	0×	1.12×	0×	14.5×	0.0%	6	13.79	4	A
Peer median	—	-3.45×	2.79×	11.55×	-0.72×	-35.3%	84.2%	-219.4%	-218.5%	-229.5%	-48.3%	-93.2%	0.03×	0.78×	0×	2.72×	0.0%	2	-3.05	2	—