Logo
  • Home
  • AI Agent
  • Annotations
  • Watchlists
  • Files
  • Pricing and plans
  • BlogAboutContact us
    APIMCP
    Terms of servicePrivacy policy
  • Get the full experience

    We save the real magic for signed-in users.

HCW Biologics Inc.(HCWB US)

$1.17+0.054.46%Ext:$1.13-0.043.11%(Market Closed · 23:55:18 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees
Logo
HCWB US​

HCW Biologics Inc. — Company Profile

HCW Biologics Inc. operates as a preclinical-stage biopharmaceutical firm, primarily engaged in the discovery and advancement of novel immunotherapies. Its research and development efforts are focused on addressing chronic, low-grade inflammation and a spectrum of age-related diseases. The company's leading therapeutic candidates include HCW9218, an injectable immunotherapeutic designed for patients with a variety of cancers, such as pancreatic, ovarian, breast, prostate, and colorectal, as well as for pulmonary fibrosis. Another key product, HCW9302, targets autoimmune conditions like alopecia areata and various metabolic disorders. Beyond these, HCW Biologics is also developing HCW9201, a cell-based therapy currently in Phase II clinical trials for the treatment of relapsed/refractory acute myeloid leukemia. Additionally, HCW9206 is under development specifically for acute myeloid leukemia. Incorporated in 2018, the company's corporate headquarters are situated in Miramar, Florida.

Sector
Health Care
Industry
Pharmaceuticals
Exchange
UQ
CEO
Hing C. Wong
Headquarters
Miramar, FL, US
IPO Date
Jul 20, 2021
Employees
35
Website
www.hcwbiologics.com

Key Metrics

Price
$1.58
Market Cap
$549.66K
Revenue (TTM)
$6.54M
Net Income (TTM)
$4.13M
EPS (TTM)
1.97
P/E (TTM)
-0.34
P/B (TTM)
0.10
Dividend Yield
0.00%
ROE (TTM)
71.72%
ROA (TTM)
15.12%
Operating Margin
49.45%
Beta
0.44

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

HCW Biologics Inc. operates as a preclinical-stage biopharmaceutical firm, primarily engaged in the discovery and advancement of novel immunotherapies. Its research and development efforts are focused on addressing chronic, low-grade inflammation and a spectrum of age-related diseases. The company's leading therapeutic candidates include HCW9218, an injectable immunotherapeutic designed for patients with a variety of cancers, such as pancreatic, ovarian, breast, prostate, and colorectal, as well as for pulmonary fibrosis. Another key product, HCW9302, targets autoimmune conditions like alopecia areata and various metabolic disorders. Beyond these, HCW Biologics is also developing HCW9201, a cell-based therapy currently in Phase II clinical trials for the treatment of relapsed/refractory acute myeloid leukemia. Additionally, HCW9206 is under development specifically for acute myeloid leukemia. Incorporated in 2018, the company's corporate headquarters are situated in Miramar, Florida.

Website
www.hcwbiologics.com
Location
Miramar, FL, US
Phone954 842 2024
Employees35
CEOHing C. Wong
Sector
Health Care
Industry
Pharmaceuticals
IPO DateJul 20, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.

Latest Documents

SEC Filings(333)

Expand
  • EFFECTNotice of effectiveness13 Oct
  • DRule 506(b) provides a "safer harbor" for a private offering8 Oct
  • S-1Registration statement (general form)2 Oct
  • DEF 14ADefinitive proxy statement1 Oct
  • 8-KEntry into a Material Definitive Agreement24 Sep
  • 8-KRegulation FD Disclosure9 Sep
  • PRER14APreliminary proxy statement (revision)9 Sep
  • 8-KEntry into a Material Definitive Agreement8 Sep
  • PRE 14APreliminary proxy statement4 Sep
  • EFFECTNotice of effectiveness1 Sep
  • CORRESPFiling review correspondence28 Aug
  • S-1/ARegistration statement (general form, amendment)28 Aug
  • S-1Registration statement (general form)20 Aug
  • 10-QQ2ended 30 Jun 202614 Aug
  • 8-KResults of Operations and Financial Condition14 Aug
  • 10-Q/AQ1ended 31 Mar 202614 Aug
  • 8-KNon-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review14 Aug
  • DRule 506(b) provides a "safer harbor" for a private offering6 Aug
  • 4Statement of changes in beneficial ownership31 Jul
  • 4Statement of changes in beneficial ownership31 Jul

News

  • HCW Biologics Inc. (NASDAQ:HCWB) Shares Shorted: Short Interest Up 557.1% in September12 Oct
  • HCW Biologics Maintains Momentum Toward Completion of IND Application for Clinical Study to Evaluate Lead T-Cell Engager in Solid Tumors9 Oct
  • HCW Biologics Announces Pricing of $1.5 Million Private Placement24 Sep
  • HCW Biologics Entered an Exclusive Distribution Agreement with Akron Biotech to Commercialize HCW11-006 as Reagent Used to Support Production of Highly Functional Human CAR-T Cells8 Sep
  • HCW Biologics Strengthens U.S. Patent Estate for Its Lead Clinical-Stage Immunotherapeutic HCW9302 as Alopecia Areata Treatment2 Sep
  • HCW Biologics' TGF-β Trap and IL-15 Fusion is a Novel Moiety to Enhance Immunotherapeutic Activity against Diseased Cells25 Aug
  • HCW Biologics Reports Second Quarter 2026 Business and Clinical Development Highlights and Financial Results14 Aug
  • HCW Biologics Inc. Announces Pricing of $1.6 Million Private Placement Offering29 Jul

Mentions in Filings

  • ?
    August 26, 2026 Hing C. Wong Chief Executive Officer <strong>HCW Biologics Inc.</strong> 2929 N Commerce Parkway Miramar, FL 33025 Re: HCW Biologics Inc. Registration Statement on Form S-1 Filed August 20, 2026 File No. 333-298452 Dear Hing C. Wong: This is to advise you that we have not reviewed and will not review your registration statement. Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you that the company and its ma …
    HCW Biologics Inc.·TEXT-EXTRACT - UPLOAD - Filing review upload·26 Aug·26 Aug
  • ?
    August 26, 2026 Hing C. Wong Chief Executive Officer <strong>HCW Biologics Inc.</strong> 2929 N Commerce Parkway Miramar, FL 33025 Re: HCW Biologics Inc. Registration Statement on Form S-1 Filed August 20, 2026 File No. 333-298452 Dear Hing C. Wong: This is to advise you that we have not reviewed and will not review your registration statement. Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you that the company and its manage …
    HCW Biologics Inc.·LETTER - UPLOAD - Filing review upload·26 Aug·26 Aug
  • … re and biopharmaceutical industry on an international platform that includes such notable markets in the United States, Europe, Latin America, Asia, and Japan. Mr. Winer previously served on the board of directors for <strong>HCW Biologics</strong> (Nasdaq: HCWB) until June 2025 and on the Board of Directors for Bionode LLC from June 2020 until its acquisition in 2025. Mr. Winer holds a B.S. in Finance from California State University and an M.B.A. from Northwest …
    LENSAR, Inc.HCW Biologics Inc.·DEF 14A - Definitive proxy statement·Q2 26·23 Jun
  • ?
    June 12, 2026 Hing Wong Chief Executive Officer <strong>HCW Biologics Inc.</strong> 2929 N Commerce Parkway Miramar, FL 33025 Re: HCW Biologics Inc. Registration Statement on Form S-1 Filed June 8, 2026 File No. 333-296577 Dear Hing Wong: This is to advise you that we have not reviewed and will not review your registration statement. Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you that the company and its management ar …
    HCW Biologics Inc.·TEXT-EXTRACT - UPLOAD - Filing review upload·12 Jun·12 Jun
  • ?
    June 12, 2026 Hing Wong Chief Executive Officer <strong>HCW Biologics Inc.</strong> 2929 N Commerce Parkway Miramar, FL 33025 Re: HCW Biologics Inc. Registration Statement on Form S-1 Filed June 8, 2026 File No. 333-296577 Dear Hing Wong: This is to advise you that we have not reviewed and will not review your registration statement. Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you that the company and its management are re …
    HCW Biologics Inc.·LETTER - UPLOAD - Filing review upload·12 Jun·12 Jun
  • … re and biopharmaceutical industry on an international platform that includes such notable markets in the United States, Europe, Latin America, Asia, and Japan. Mr. Winer previously served on the board of directors for <strong>HCW Biologics</strong> (Nasdaq: HCWB) until June 2025 on the Board of Directors for Bionode LLC from June 2020 until its acquisition in 2025. Mr. Winer holds a B.S. in Finance from California State University and an M.B.A. from Northwestern …
    LENSAR, Inc.HCW Biologics Inc.·10-K/A - Annual report (amendment) FY 2025·FY25·30 Apr

Key Stats

Trading

Px/Chg 1D$1.58 / -5.89%
Avg Volume14.45M
Beta0.44
Mkt Cap549.66K
FD Mkt Cap1.14M

Float

Shrs Out/Float347.64K / 298.16K
Short Float0.14%
Days to Cover1.00
Stock Repurchased$0.00

Current Valuation

EV5.90M
EV/EBITDA-9.76
EV/Sales0.89
P/B0.10
P/S0.08
FCF Yield-286.58%
ROE71.72%
ROA15.12%
Current Ratio0.09

Estimates

P/E-0.34
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgAug '23Aug '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-47.53-192.33-35.10-11.381.020.13
Price / Sales179.09426.32308.75133.1527.140.08
Price / Book Value18.3276.5765.18-50.480.270.10
Price / Free Cash Flow-38.68-138.70-30.55-23.59-0.22-0.35
ENTERPRISE VALUE METRICS
Enterprise Value818.42,849.9880.1350.85.65.9
Enterprise Value / Sales215.63423.95309.70136.66206.950.90
Enterprise Value / EBITDA-49.23-202.75-37.33-12.675.071.54
Enterprise Value / EBIT-46.63-192.90-35.62-12.155.911.60

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue—-6.72.82.60.1
Gross Income—-2.60.61.00.0
EBITDA-17.6%-12.3-14.1-23.6-27.7-5.7
EBIT-15%-12.9-14.8-24.7-28.9-6.7
Net Income-11.3%-12.9-14.9-25.0-30.0-8.0
EPS (Diluted)133.1%-0.36-0.42-0.70-0.77-10.63
BALANCE SHEET
Cash & ST Inv-52%36.732.13.64.72.0
Total Assets-17.7%53.546.828.530.224.5
Total Liabilities75%2.39.415.137.021.8
Total Shareholder Equity-51.8%51.237.413.5-6.82.8
CASH FLOW
Net Operating Cash Flow5.1%-11.0-10.4-22.5-14.2-13.4
Cap Ex-91.1%-0.0-10.3-6.2-0.3-0.0
Free Cash Flow5%-11.0-20.7-28.7-14.5-13.4

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)1.14
Basic Shares0.35
Market Cap0.4
Diluted Shares2.10
Fully Diluted Shares Outstanding2.10
Fully Diluted Market Cap2.4
+Consolidated Debt6.6
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-1.2
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value5.7

Related companies

Eli Lilly and Company

LLY US

Johnson & Johnson

JNJ US

AbbVie Inc.

ABBV US

Merck & Co., Inc.

MRK US

Novartis Ag

NVS US

Astrazeneca Plc

AZN US

Abbott Laboratories

ABT US

Novo Nordisk A/S

NVO US

Pfizer Inc

PFE US

Vertex Pharmaceuticals Inc / Ma

VRTX US

Bristol Myers Squibb Company

BMY US

Csl Ltd

CSLLY US