Septerna (SEPN) Investor presentation summary
Event summary combining transcript, slides, and related documents.
Investor presentation summary
8 Sep, 2026Strategic vision and platform
Focuses on pioneering oral small molecule therapies targeting GPCRs using the proprietary Native Complex PlatformⓇ, enabling rapid structure-based drug design and expansion into previously undruggable GPCR targets.
Portfolio includes wholly owned and partnered programs with multi-billion dollar market opportunities, supported by a cash runway into 2029.
Lead programs and pipeline
SEP-479 is a first-in-class oral PTH1R agonist for hypoparathyroidism, showing normalization of serum calcium and robust preclinical efficacy; Phase 1 data expected Q1 2027.
SEP-631 is a negative allosteric modulator of MRGPRX2 for mast cell-driven diseases, demonstrating full inhibition of target activation, clean safety, and once-daily oral dosing in Phase 1.
TSHR NAM program targets Graves' disease and TED, with preclinical leads reversing disease symptoms in animal models and ongoing optimization toward candidate selection.
Partnership and financials
Collaboration with Novo Nordisk covers oral small molecule programs for metabolic diseases, including GLP-1R, GIPR, and GCGR, with $195M upfront, up to ~$500M per program in milestones, and tiered royalties.
Novo Nordisk covers all R&D expenses, and Septerna retains a profit-share option for one program.
Latest events from Septerna
- Oral PTH agonist phase I data expected Q1, with pipeline progress in Graves', osteoporosis, and mast cell diseases.SEPN
Wells Fargo 21st Annual Healthcare Conference - Q2 2026 revenue reached $26.7M, net loss narrowed, and cash runway extends into 2029.SEPN
Q2 2026 - Advancing oral therapies for endocrine and immunological diseases via innovative GPCR targeting.SEPN
44th Annual J.P. Morgan Healthcare Conference - Directors and auditor ratified, pipeline advanced, and strong cash position maintained.SEPN
AGM 2026 - Lead GPCR-targeting drugs advance in trials, leveraging a novel discovery platform.SEPN
Bank of America Global Healthcare Conference 2026 - Revenue surged to $26.5M, net loss narrowed, and cash runway is secured into 2029.SEPN
Q1 2026 - Virtual annual meeting to vote on director elections and auditor ratification.SEPN
Proxy filing - Proxy covers director elections, auditor ratification, compensation, and governance policies.SEPN
Proxy filing - Rapid GPCR drug discovery platform advances oral therapies with key data expected in 2025.SEPN
43rd Annual J.P. Morgan Healthcare Conference 2025