Lucid Capital Markets initiates Turn Therapeutics stock with buy rating

Turn Therapeutics updated its investor presentation, highlighting GX-03 clinical progress and a $10.3M cash balance as of June 30, 2026. The company expects Phase 2 topline results for atopic dermatitis in Q1 2027 and has a cash runway into Q3 2027. Key milestones include an FDA meeting in Q4 2026 and Phase 3 initiations in 2027. The presentation also details safety and efficacy signals, financials, and IP status.

Turn Therapeutics Inc. (TTRX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Turn Therapeutics Provides Corporate Updates and Reports Second Quarter 2026 Financial Results Interim Analysis Supports Expansion of GX-03 Phase 2 Study to a Broader Population of Atopic Dermatitis Patients, Including Patients with Moderate-to-Severe Lesions but Low

Turn Therapeutics (TTRX) shares rose 3.8% premarket after expanding its GX-03 Phase 2 atopic dermatitis trial to a broader EASI severity population. The company completed an interim analysis and said efficacy was seen in mild-to-moderate patients (EASI 1.1–7.0), with 71.4% vs 33.3% vehicle achieving Week 4 vIGA-AD success. Final design targets ~120–135 patients; no treatment-related serious AEs reported.

Turn Therapeutics (TTRX) reported interim Phase 2 data for GX-03 in 50 adults with moderate-to-severe atopic dermatitis. According to the company, 92.6% of GX-03 patients achieved EASI-50 at Week 4 vs 65.2% with vehicle; EASI-90 was 44.4% vs 30.4% at Week 4 and 51.9% vs 34.8% at Week 8. No treatment-related serious adverse events were reported.

Turn Therapeutics (TTRX) rose over 20% after interim Phase 2 results for GX-03 in atopic dermatitis, with 92.6% achieving EASI-50 at 4 weeks. Conexeu (CNXU) gained ~19% on preclinical B.R.E.A.S.T. bioprinting progress. Rallybio (RLYB) jumped on plans to acquire Avenzo via a $215M investment. LIXTE (LIXT) surged on an AI energy pivot; Quanterix (QTRX) rose on insider SEC filing.

First Phosphate (NASDAQ:PHOS) plans to develop a phosphate mine in Quebec by 2029, targeting the LFP battery supply chain. The company aims to produce 900,000 metric tons of phosphate concentrate annually, supporting 50% of EV production in North America. The project has a CAD 2.1 billion net present value, 37.1% internal rate of return, and a 23-year mine life, according to the company. First Phosphate has secured government funding and partnerships for its development.