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Invivyd Inc

invivyd.com

Invivyd Inc (NASDAQ: IVVD) is a clinical-stage biopharmaceutical company developing monoclonal antibody product candidates, with a focus on infectious disease. The company has no approved products generating commercial revenue as of its 10-K filed March 5, 2026, and funds operations through capital raises rather than product sales. Invivyd relies on third-party manufacturers, including WuXi Biologics, for production of its product candidates, and collaborates with Adimab under an antibody discovery agreement that includes milestone payments of up to $18.0 million per product and mid-single-digit royalties on net sales upon commercialization. The company is subject to FDA regulation across development, approval, and any future marketing activities, as well as federal and state fraud, abuse, and pricing laws including provisions of the Inflation Reduction Act affecting Medicare drug pricing. All specific financial figures in the December 31, 2025 balance sheet are redacted in the available filing excerpts.

Products & Services

Monoclonal antibody product candidates in development, discovered or optimized under the Adimab Collaboration Agreement. Specific product names and pipeline stage details are not supported by the available filing excerpts.

Revenue Model

Invivyd has no product revenue as of the 10-K filed March 5, 2026. If product candidates reach commercialization, revenue would come from product sales subject to royalty obligations to Adimab at a mid-single-digit percentage of net sales.

Customers & Markets

Target end markets include infectious disease treatment, with potential customers in Medicare and broader healthcare payor channels. No commercial customers exist as of the filing date.

Geographic Exposure

Incorporated and headquartered in the United States. Geographic revenue mix is not applicable given pre-commercial status.

Financial Snapshot

Revenue
TTM
$55.87M
Gross Margin
TTM
92.94%
Net Income
TTM
-$77.60M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
647.28%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
203.1M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$79.46M

Stock Price

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Market Cap: $230.8 Million

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