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Gossamer Bio, Inc.

gossamerbio.com

What Do They Do?

Develops seralutinib, an investigational medicine for people with pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease.

How Do They Make Money?

Chiesi pays a one-time development-cost reimbursement for licenses and ongoing cost-sharing payments for research and development services as Gossamer performs them; separate license fees arrive when the licensee can use the license.

revenue
SegmentShareRevenue
Revenue from sale of licenses
Licensed
0.0%
Revenue from contracts with collaborators
100%

Who Are Their Customers?

Gossamer's seralutinib collaborator was Chiesi: they shared development and U.S. commercialization work, while Chiesi held exclusive rights to commercialize outside the U.S.

Do Revenues Turn Into Profits?

No. It lost $170.4M in FY2025.

Operating income, FY2025
−352% of revenue
▲ +185% (Loss) vs FY2024 (−$59.9M, −52%)
Net income, FY2025
−351% of revenue
▲ +201% (Loss) vs FY2024 (−$56.5M, −49%)
Free cash flow, FY2025
−354% of revenue
▲ +4841% (Loss) vs FY2024 (−$3.5M, −3%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −20%
vs $11.5M in Q2 FY2025
Net income
▲ Now profitable
vs −$38.3M in Q2 FY2025
Revenue from contracts with collaborators share of revenue vs 100.0% in Q2 FY2025
  • Jul 27, 2026 Gossamer reacquired worldwide seralutinib development and commercial rights from Chiesi The parties terminated their collaboration agreement and transferred related seralutinib assets to Gossamer.

A narrower drug focus The earlier business description covered immunology, inflammation and oncology, including drug candidates for lymphoma and multiple sclerosis and preclinical programs; the current description focuses on seralutinib for pulmonary hypertension.

Revenue over time
Revenue from sale of licenses Revenue from contracts with collaborators
$200M$100M$0

Who Do They Compete With?

Competes with United Therapeutics, Janssen, Liquidia, Merck, Pfizer, Bayer, Gilead Sciences, Cereno Scientific, Insmed, Regeneron, Novartis, Apollo Therapeutics, AllRock Bio, OrphAI Therapeutics, Pulmovant, and ForeSee Pharmaceuticals

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