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Eledon Pharmaceuticals, Inc.

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Eledon Pharmaceuticals, Inc.

ELDN·NASDAQ·Life Sciences·CIK 0001404281

Eledon is a clinical stage biotechnology company that uses its immunology expertise to develop therapies. The company focuses on targeting the CD40 Ligand ("CD40L") pathway to protect transplanted organs and prevent rejection, and to treat amyotrophic lateral sclerosis ("ALS"). Its primary compound in development is tegoprubart, an IgG1, anti-CD40L antibody. Tegoprubart has a high affinity for CD40L, which is a biological target involved in both adaptive and innate immune cell activation and function. This positions it as a target for non-lymphocyte depleting, immunomodulatory therapeutic intervention. Tegoprubart is designed to potentially improve safety and offer pharmacokinetic, pharmacodynamic, and dosing advantages compared to other anti-CD40 approaches. The CD40L/CD40 pathway plays a significant role in immune regulation. CD40L is mainly found on activated CD4+ T cells, platelets, and endothelial cells, while the CD40 receptor is consistently present on antigen-presenting cells like macrophages and dendritic cells, as well as B cells. By blocking CD40L, rather than the CD40 receptor, tegoprubart inhibits both the CD40 and CD11 costimulatory signaling pathways, which may lead to improved effectiveness compared to anti-CD40 receptor methods. Blocking CD40L also increases the polarization of CD4+ lymphocytes to Tregs, a type of T cell that suppresses immune responses, potentially creating a more tolerogenic environment for autoimmune diseases and preventing allograft rejection after solid organ transplantation. Tegoprubart is designed to avoid the risk of thrombolytic events observed with earlier anti-CD40L antibodies. This is achieved through structural modifications that, in preclinical models, have eliminated binding to Fcγ receptors associated with platelet activation, without changing tegoprubart's binding to CD40L. In non-human primate studies, tegoprubart doses up to 200 mg/kg per week for 26 weeks showed no adverse events related to coagulation, platelet activation, or thromboembolism.

Eledon Pharmaceuticals, Inc. (NASDAQ:ELDN) is a publicly traded company in the Life Sciences sector. Wiseek has independently scored 14 items for ELDN at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-22, rated 8/10. Across its 14 most recent items scored 7 or higher, the top rating is 9/10, with 10 rated 8 or above. Recent SEC coverage for ELDN spans 8-K, 10-Q, S-3, PRE 14A.

Recent high-impact activity:

  • Eledon's Tegoprubart Shows Durable Kidney Function, Wins FDA Fast Track
  • Eledon Posts Q2 Loss, Holds $88.8M Cash, and Secures FDA Nod for Phase 3 Kidney Trial
  • Eledon Secures Natera Partnership for Planned Phase 3 Kidney Transplant Trial
  • Eledon Pharmaceuticals Increases Authorized Shares by 50% to 450 Million
  • Eledon's Tegoprubart Shows Sustained Kidney Function, No Rejection in Long-Term Phase 2 Data; Prepares for Phase 3

Financial Snapshot

Fiscal year ended December 31, 2025
Net Income
-$45.62M
Diluted EPS
-$0.52
Op. Cash Flow
-$62.34M
Cash & Equivalents
$22.81M
Debt / Equity
0.00×
Shares Outstanding
75.43M sh
Source: 10-K · filed 2026-03-19 · accession 0001193125-26-116164

Short Interest & Short Volume

8.99 days to cover

FINRA reported short interest of 8,259,268 shares in ELDN as of the September 15, 2026 settlement, a 6.6% increase from the prior period — about 9.0 days to cover at its recent average daily volume. On October 2, 2026, 73.5% of ELDN volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)8,259,268 shares as of September 15, 2026
Change vs prior period▲ 6.6%
Days to cover8.99 at avg daily volume of 919,103
Daily short volume (FINRA facilities)73.5% of 347,083 shares on October 2, 2026
5-day average short volume63.4%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for ELDN, detected from its recent SEC filings · based on capital-structure filings through 2026-05-01.

ATM program1 shelf registration

New Universal Shelf Registration · Updated At-The-Market (ATM) Program

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$2.47 -0.02% today
52-week range · as of 2026-08-13 $1.35 – $4.6
Market cap
$202.34M
Volume
973.2K (1.0× avg)
3-mo avg 943.7K
Live data · 2026-10-04 10:16 UTC · Market closed

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feed ELDN - Latest Insights

ELDN
Sep 22, 2026, 1:48 PM EDT
Source: Seeking Alpha
Importance Score:
8
Price at Filing: $2.89
Real-time Price: $2.47 info
Change: -$0.415 (-14%) info
Market Cap: $202.34M info
ELDN
Aug 13, 2026, 4:08 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $3.61
Real-time Price: $2.47 info
Change: -$1.14 (-32%) info
Market Cap: $202.34M info
ELDN
Jun 25, 2026, 7:23 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $4.11
Real-time Price: $2.47 info
Change: -$1.64 (-40%) info
Market Cap: $202.34M info
ELDN
Jun 22, 2026, 5:00 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $3.86
Real-time Price: $2.47 info
Change: -$1.39 (-36%) info
Market Cap: $202.34M info
ELDN
Jun 22, 2026, 7:00 AM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $3.92
Real-time Price: $2.47 info
Change: -$1.45 (-37%) info
Market Cap: $202.34M info
ELDN
May 13, 2026, 4:20 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $3.89
Real-time Price: $2.47 info
Change: -$1.42 (-37%) info
Market Cap: $202.34M info
ELDN
May 13, 2026, 4:15 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $3.89
Real-time Price: $2.47 info
Change: -$1.42 (-37%) info
Market Cap: $202.34M info
ELDN
May 13, 2026, 4:05 PM EDT
Source: GlobeNewswire
Importance Score:
8
Price at Filing: $3.83
Real-time Price: $2.47 info
Change: -$1.36 (-36%) info
Market Cap: $202.34M info
ELDN
May 01, 2026, 4:08 PM EDT
Filing Type: S-3
Importance Score:
8
Price at Filing: $3.62
Real-time Price: $2.47 info
Change: -$1.15 (-32%) info
Market Cap: $202.34M info
ELDN
Apr 20, 2026, 5:45 PM EDT
Filing Type: PRE 14A
Importance Score:
9
Price at Filing: $4.14
Real-time Price: $2.47 info
Change: -$1.67 (-40%) info
Market Cap: $202.34M info
ELDN
Mar 19, 2026, 5:05 PM EDT
Filing Type: 10-K
Importance Score:
7
Price at Filing: $2.96
Real-time Price: $2.47 info
Change: -$0.490 (-17%) info
Market Cap: $202.34M info
ELDN
Mar 19, 2026, 5:02 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $2.96
Real-time Price: $2.47 info
Change: -$0.490 (-17%) info
Market Cap: $202.34M info
ELDN
Mar 10, 2026, 7:00 AM EDT
Source: GlobeNewswire
Importance Score:
7
Price at Filing: $3.01
Real-time Price: $2.47 info
Change: -$0.540 (-18%) info
Market Cap: $202.34M info
ELDN
Jan 02, 2026, 4:31 PM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $1.62
Real-time Price: $2.47 info
Change: +$0.850 (+52%) info
Market Cap: $202.34M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets