Microcap Ledger

Tickers · $FLNA

Filana Therapeutics, Inc. $FLNA

By Microcap Ledger desk · CIK 0001069530

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Pharmaceutical Preparations
Headquarters
Austin, TX
Fiscal year end
December 31
Shares outstanding
48,307,896 [10-Q 2026-05-07]
as of 2026-05-04

Sources: [10-K 2026-03-12]

What the company doesAI summary of filing

Filana Therapeutics is a clinical-stage biotechnology company developing simufilam, a small-molecule oral drug candidate targeting filamin A for treatment of tuberous sclerosis complex (TSC)-related epilepsy and other central nervous system disorders. The company previously conducted clinical trials of simufilam for Alzheimer's disease, enrolling over 2,000 patients across Phase 1, Phase 2, and Phase 3 studies, but discontinued this program in early 2025 after both Phase 3 trials failed to meet efficacy endpoints; simufilam demonstrated a favorable safety profile throughout these trials. Filana owns or controls worldwide rights to simufilam through issued patents and pending applications, and in February 2025 entered into an exclusive worldwide license agreement with Yale University for additional intellectual property related to simufilam development. The company is currently pursuing clinical development in TSC-related epilepsy but received a clinical hold from the FDA in December 2025 pending additional preclinical data and protocol modifications. [10-K 2026-03-12]

Segments: Simufilam (TSC-related epilepsy), Simufilam (Alzheimer's disease - discontinued)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
3 months to Mar 2026—−$10.33M −$8.88M$86.57M[10-Q 2026-05-07]
FY ended Dec 2025—−$90.97M −$32.25M$95.50M[DEF 14A 2026-04-28]
FY ended Dec 2024—−$24.34M −$116.93M$128.57M[DEF 14A 2026-04-28]
Quarterly cash burn
−$8.88M
Cash runway Estimate
~29.3 months

Estimate: cash at the end of the period (3 months to Mar 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-08-0547,976,166[10-Q 2024-08-08]
2024-11-0448,110,475[10-Q 2024-11-07]
2025-02-2748,307,896[10-K 2025-03-03]
2025-05-0548,307,896[10-Q 2025-05-08]
2025-08-1248,307,896[10-Q 2025-08-14]
2025-11-1048,307,896[10-Q 2025-11-12]
2026-03-0948,307,896[10-K 2026-03-12]
2026-05-0448,307,896[10-Q 2026-05-07]
Shelf registration
S-3 filed 2025-11-13; declared effective 2025-12-05 [S-3 2025-11-13]

Listing status

Current status: 1 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-09-18. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-09-188-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-09-18]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-09-30Barry Richardbuy100,000$0.92[4 2026-10-01]
2026-09-29Barry Richardbuy206,813$0.90[4 2026-10-01]
2026-09-28Barry Richardbuy93,091$0.84[4 2026-09-30]
2025-11-24Anderson Robert Eugene Jrbuy8,600$2.90[4 2025-11-25]
2025-11-20Barry Richardbuy150,000$2.76[4 2025-11-24]
2025-11-19Barry Richardbuy73,385$2.75[4 2025-11-20]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.