HOMEPAGE
Fully Diluted Subscribe

Nasdaq · Biotech stocks database

FULC — Fulcrum Therapeutics Inc.

FULC (Fulcrum Therapeutics Inc.) stock: $3.73, $285.3M market cap, $318.8M cash, -$33.5M EV, $337.2M fully diluted market cap. Lead program: Pociredir (Sickle Cell Disease), Phase 2. Data from Fully Diluted's biotech stocks database.

Merger stub: the pociredir program shown below was discontinued on June 1, 2026. Fulcrum has agreed to a reverse merger with Slate Medicines; holders are to receive a pre-closing cash dividend of about $3.53 a share plus about 5% of the combined company. Stockholder vote December 3, 2026.

What they do

We are a clinical-stage biopharmaceutical company focused on developing small molecules to improve the lives of patients with genetically defined rare diseases in areas of high unmet medical need. Our lead product candidate, pociredir, is an oral small molecule designed to induce fetal hemoglobin, or HbF, and is in clinical development for the treatment of sickle cell disease, or SCD.

Source: 10-K FY2025 via SEC EDGAR

Share price
$3.73
Market cap
$285.3M
Cash
$318.8M
Enterprise value
-$33.5M

Balance sheet

Cash$318.8M
Debt$0.0M
Net cash$318.8M
Enterprise value-$33.5M
Basic shares76.3M shares
Fully diluted shares90.4M shares
Fully diluted market cap$337.2M
Cash per share$4.18
Quarterly burn$16.0M
Cash runway19.9 quarters

Cash figures as of 2026-06-30. Database snapshot: 2026-11-11.

Share structure

Common
76.3M
Pre-funded warrants
0.0M
Options
11.6M
RSUs
0.0M
Warrants
0.0M
Converts
0.0M
Conv preferred
0.0M
ESPP reserve
2.4M
FDSO
90.4M

Cap table as of 2026-06-30.

Pociredir was discontinued on June 1, 2026 after the FDA concluded that PRC2-complex intervention carries malignancy risk in chronic indications (the Tazverik secondary-malignancy findings; Tazverik was withdrawn globally in March 2026), leaving no viable regulatory path for the program. Under the August 16, 2026 merger agreement with Slate Medicines, Fulcrum holders receive a pre-closing cash dividend of about $270M (about $3.53 a share on 76,381,948 shares at the October 28, 2026 record date) plus about 5% of the combined company, to trade as SLTE. Special meeting vote December 3, 2026, 9:00 a.m. ET; outside date February 28, 2027. The share counts, cash, and pipeline figures on this page are Fulcrum standalone, pre-merger, and the pociredir listing is historical, not an active program.

Price history

Loading FULC daily closes…

Loading price history…

Next catalyst

Pociredir · Mar 18 - Apr 29 in 41 mo · Phase 2 · Sickle Cell Disease

Get the weekly biotech catalyst rundown.
Cash runways, financings, and trial readouts for all 718 stocks.
Subscribe to Compounding Ego