BB

Belite Bio

BLTE
NASDAQHealth Care
$156.80
USD
+2.30(+1.49%)
At close: Apr 30, 15:46 UTC
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$156.80

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$157.22

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$156.80

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$156.80

Market Snapshot

Market Cap

$5.39B

EPS

-1.35

Employees

25

Why BLTE moved

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About

Belite Bio, Inc. engages in the research and development of drugs. The company is headquartered in San Diego, California. The company went IPO on 2022-04-29. The firm is focused on advancing novel therapeutics targeting retinal degenerative eye disease, such as Geographic Atrophy (GA), age-related macular degeneration (AMD), and Stargardt disease type 1 (STGD1), both of which progressively lead to permanent blindness, and metabolic diseases such as non-alcoholic fatty liver disease (NAFLD), non-alcoholic steatohepatitis (NASH), type 2 diabetes (T2D), and gout. Its lead product candidate, Tinlarebant, is an oral daily treatment for STGD1 and GA patients. In STGD1, it is developing Tinlarebant as a once-a-day tablet treatment to target Retinol binding protein 4 (RBP4) by disrupting vitamin A (retinol) binding to RBP4, which leads to reduced delivery of retinol to the eye and reduced accumulation of toxic vitamin A by-products. Its product candidate also includes LBS-009, an anti-RBP4 oral therapy targeting liver disease, including NAFLD, NASH, and T2D.

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