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Polaryx Therapeutics, Inc.

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Polaryx Therapeutics, Inc.

PLYX·NASDAQ·Life Sciences·CIK 0002075320

Polaryx Therapeutics, Inc. is a clinical-stage biotechnology company focused on discovering, developing, and commercializing disease-modifying therapies for rare, pediatric lysosomal storage disorders (LSDs). The company's approach integrates small molecule therapies, including a combination therapy, and a gene therapy. Its small molecule drug candidates target lysosomal dysfunction, neuroinflammation, and neuronal loss. The most advanced product candidate is PLX-200 (gemfibrozil), an oral small molecule for the treatment of LSDs. PLX-200 is a repurposed, reformulated drug pursued through a 505(b)(2) regulatory pathway and designed as a novel oral solution. Polaryx Therapeutics is advancing PLX-200 through a Phase 2 proof-of-concept basket trial, SOTERIA (PLX-200-600), expected to initiate in the second half of 2026. SOTERIA is an open-label, multi-indication master study for certain LSDs, which represent approximately one quarter of the LSD population. These include Classic Late Infantile Neuronal Ceroid Lipofuscinosis (CLN2) and Juvenile Neuronal Ceroid Lipofuscinosis (CLN3) subtypes of neuronal ceroid lipofuscinosis (NCLs), Krabbe disease, and Sandhoff disease. The company held a pre-investigational new drug (IND) submission meeting in April 2025, submitted an IND application to the U.S. Food and Drug Administration (FDA) for the SOTERIA trial in August 2025, and received a safe to proceed letter in October 2025.

Polaryx Therapeutics, Inc. (NASDAQ:PLYX) is a publicly traded company in the Life Sciences sector. Wiseek has independently scored 10 items for PLYX at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-13, rated 8/10. Across its 10 most recent items scored 7 or higher, the top rating is 9/10, with 10 rated 8 or above. Recent SEC coverage for PLYX spans 10-Q, 4, 8-K, 10-K.

Recent high-impact activity:

  • Polaryx Q2 2026: Going Concern Warning, Cash Runway to Q1 2027, SOTERIA Trial Expanded
  • CEO Alex Yang Buys $360K in Polaryx Therapeutics Stock at Significant Premium
  • Polaryx Therapeutics Secures $10M Private Placement at Premium to Fund Phase 2 Trial, Extends Runway
  • $10M Equity Financing Closes for Polaryx, Funds Phase 2 Trial
  • Q1 Results Confirm Going Concern, Increased Cash Burn, and Urgent Need for Funding

Financial Snapshot

Fiscal year ended December 31, 2025
Net Income
-$8.98M
Diluted EPS
-$0.20
Op. Cash Flow
-$3.94M
Operating Income
-$7.82M
Cash & Equivalents
$5.14M
Debt / Equity
0.00×
Shares Outstanding
47.34M sh
Source: 10-K · filed 2026-03-23 · accession 0001213900-26-033064

Short Interest & Short Volume

6.39 days to cover

FINRA reported short interest of 186,767 shares in PLYX as of the September 15, 2026 settlement, a 8.7% decrease from the prior period — about 6.4 days to cover at its recent average daily volume. On October 2, 2026, 73.1% of PLYX volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)186,767 shares as of September 15, 2026
Change vs prior period▼ 8.7%
Days to cover6.39 at avg daily volume of 29,206
Daily short volume (FINRA facilities)73.1% of 4,157 shares on October 2, 2026
5-day average short volume63.8%

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.

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$2.01 -0.07% today
52-week range · as of 2026-08-13 $1.86 – $48.91
Market cap
$103.68M
Volume
20.8K (0.4× avg)
3-mo avg 51.3K
Live data · 2026-10-04 04:18 UTC · Market closed

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feed PLYX - Latest Insights

PLYX
Aug 13, 2026, 4:15 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $2.45
Real-time Price: $2.01 info
Change: -$0.440 (-18%) info
Market Cap: $103.68M info
PLYX
May 28, 2026, 8:00 PM EDT
Filing Type: 4
Importance Score:
9
Price at Filing: $2.95
Real-time Price: $2.01 info
Change: -$0.9411 (-32%) info
Market Cap: $103.68M info
PLYX
May 28, 2026, 4:31 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $3.05
Real-time Price: $2.01 info
Change: -$1.04 (-34%) info
Market Cap: $103.68M info
PLYX
May 28, 2026, 8:37 AM EDT
Source: Reuters
Importance Score:
9
Price at Filing: $2.51
Real-time Price: $2.01 info
Change: -$0.500 (-20%) info
Market Cap: $103.68M info
PLYX
May 14, 2026, 8:01 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $3.61
Real-time Price: $2.01 info
Change: -$1.60 (-44%) info
Market Cap: $103.68M info
PLYX
Apr 21, 2026, 8:30 AM EDT
Source: GlobeNewswire
Importance Score:
8
Price at Filing: $6.16
Real-time Price: $2.01 info
Change: -$4.15 (-67%) info
Market Cap: $103.68M info
PLYX
Mar 23, 2026, 5:48 PM EDT
Filing Type: 10-K
Importance Score:
9
Price at Filing: $5.40
Real-time Price: $2.01 info
Change: -$3.39 (-63%) info
Market Cap: $103.68M info
PLYX
Mar 17, 2026, 8:30 AM EDT
Source: GlobeNewswire
Importance Score:
8
Price at Filing: $6.15
Real-time Price: $2.01 info
Change: -$4.14 (-67%) info
Market Cap: $103.68M info
PLYX
Feb 05, 2026, 4:05 PM EST
Filing Type: SCHEDULE 13D
Importance Score:
9
Price at Filing: $16.00
Real-time Price: $2.01 info
Change: -$13.99 (-87%) info
Market Cap: $103.68M info
PLYX
Feb 02, 2026, 4:05 PM EST
Filing Type: 424B4
Importance Score:
9
Price at Filing: $35.00
Real-time Price: $2.01 info
Change: -$32.99 (-94%) info
Market Cap: $103.68M info
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