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HCWB — HCW Biologics Inc.

HCWB (HCW Biologics Inc.) stock: $1.90, $3.5M market cap, $0.7M cash, $9.3M EV, $6.2M fully diluted market cap. Next expected readout: Jul-27. Lead program: HCW9302, an IL-2 fusion protein (Alopecia Areata(AA)), Phase 1. Data from Fully Diluted's biotech stocks database.

Share price
$1.90
Market cap
$3.5M
Cash
$0.7M
Enterprise value
$9.3M

Balance sheet

Cash$0.7M
Debt$6.6M
Net cash-$5.8M
Enterprise value$9.3M
Basic shares1.3M shares
Fully diluted shares3.3M shares
Fully diluted market cap$6.2M
Cash per share$0.57

Cash figures as of 2026-06-30. Database snapshot: 2026-09-22.

Price history

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Upcoming catalysts

ExpectedDrugPhaseIndicationMgmt guide
Aug 27 - Oct 8HCW9302, an IL-2 fusion proteinPhase 1Alopecia Areata(AA)

Estimated readout windows: registry primary-completion date + 6-12 weeks. Windows already open are shown from "Now". Drug names link to ClinicalTrials.gov.

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