Lipella Pharmaceuticals Inc.

Lipella Pharmaceuticals Inc.verified

LIPO

Price:

$2.63

Market Cap:

$3.18M

Lipella Pharmaceuticals Inc., a clinical-stage biotechnology company, focuses on developing drugs by reformulating the active agents in existing generic drugs and optimizing these reformulations for various applications. It is developing LP-10, a formulation of tacrolimus that is in Phase IIa clinical trial for patients with radiation-induced hemorrhagic cystitis; and LP-310, a formulation of tacrolimus for the treatment of oral lichen planus. The company was incorporated in 2005 and is based in Pittsburgh, Pennsylvania.[Read more]

Industry

Biotechnology

IPO Date

2022-12-19

Stock Exchange

NASDAQ

Ticker

LIPO

The Current Ratio as of November 2024 (TTM) for Lipella Pharmaceuticals Inc. (LIPO) is 2.97K

According to Lipella Pharmaceuticals Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.97K. This represents a change of 297.50% compared to the average of 746.26 of the last 4 quarters.

Lipella Pharmaceuticals Inc. (LIPO) Historical Current Ratio (quarterly & annually)

How has LIPO Current Ratio performed in the past?

The mean historical Current Ratio of Lipella Pharmaceuticals Inc. over the last ten years is 4.64. The current 2.97K Current Ratio has changed 6.39% with respect to the historical average. Over the past ten years (40 quarters), LIPO's Current Ratio was at its highest in in the September 2024 quarter at 2.97K. The Current Ratio was at its lowest in in the March 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

4.64

Median

4.92

Minimum

0.72

Maximum

8.90

Lipella Pharmaceuticals Inc. (LIPO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Lipella Pharmaceuticals Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 369.00%

Maximum Annual Current Ratio = 8.90

Minimum Annual Increase = -7.28%

Minimum Annual Current Ratio = 0.72

Quarterly (TTM)
Annual
YearCurrent RatioChange
20238.9080.80%
20224.92-7.28%
20215.3157.68%
20203.37369.00%

Lipella Pharmaceuticals Inc. (LIPO) Average Current Ratio

How has LIPO Current Ratio performed in the past?

The current Current Ratio of Lipella Pharmaceuticals Inc. (LIPO) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

6.38

5-year avg

4.64

10-year avg

4.64

Lipella Pharmaceuticals Inc. (LIPO) Current Ratio vs. Peers

How is LIPO’s Current Ratio compared to its peers?

Lipella Pharmaceuticals Inc.’s Current Ratio is greater than Senti Biosciences, Inc. (1.92), greater than Fennec Pharmaceuticals Inc. (7.80), less than Monopar Therapeutics Inc. (5.41K), greater than Applied Molecular Transport Inc. (4.99), less than Adynxx, Inc. (0), greater than Ascletis Pharma Inc. (0), greater than Eupraxia Pharmaceuticals Inc. (24.38), greater than AVAX Technologies, Inc. (1.95), greater than Transgene SA (1.61), greater than Alpha Cognition Inc. (1.57), greater than ImmuCell Corporation (1.50), greater than Anebulo Pharmaceuticals, Inc. (3.11), greater than NervGen Pharma Corp. (3.45), greater than Acrivon Therapeutics, Inc. Common Stock (1.66), greater than Protagenic Therapeutics, Inc. (12.75), greater than Miromatrix Medical Inc. (1.80), greater than Eliem Therapeutics, Inc. (3.46), greater than Inhibrx Biosciences, Inc. (60.41), greater than Merrimack Pharmaceuticals, Inc. (4.70), greater than Celcuity Inc. (10.78), greater than Enliven Therapeutics, Inc. (10.36), greater than null (17.44),

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