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Aardvark Therapeutics AARD · USD

Health Care · US listing · 🇺🇸 United States

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1.35

+15.38%

Close of 9 Nov 2026, in USD

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About Aardvark Therapeutics

From its filings with the US Securities and Exchange Commission

SEC filings

Aardvark Therapeutics is based in San Diego, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker AARD. The SEC classifies its business as pharmaceutical preparations. In the fiscal year to 31 December 2025, it reported revenue of $0 and a net loss of $57.6m. At that date it held total assets of $117.2m and shareholders' equity of $106.6m.

In its own words

We are a clinical-stage biopharmaceutical company focused on developing novel, small-molecule therapeutics to activate innate homeostatic pathways for the treatment of metabolic diseases. We target biological pathways associated with alleviating hunger that we believe have the potential to deliver transformative outcomes for patients. We have focused our efforts on developing selective compounds, targeting Bitter Taste Receptors (TAS2Rs) for hunger-associated conditions. Our initial compounds target TAS2Rs expressed in the gut lumen, which normally respond to the chemicals in food and participate in the gut-brain axis. Our research has shown that activating these receptors can induce the secretion of endogenous signaling molecules, including cholecystokinin (CCK), peptide YY (PYY) and glucagon-like peptide-1 (GLP-1).

TAS2Rs are a family of 26 different nutrient-sensing G protein-coupled receptors (GPCRs) that are broadly expressed among vertebrates. TAS2Rs are present in the oral cavity to convey bitter taste and are highly expressed in many other tissues throughout the body where they are key in regulating metabolic and inflammatory pathways. CCK has long been recognized as a promising pharmaceutical target because its release is triggered with food and it helps suppress hunger, which is the feeling of discomfort that comes from a perception of not having eaten recently. We believe suppression of hunger could be complementary to the suppression of appetite reported from patients on GLP-1 receptor targeted treatments, which reduce the desirability of food.

Quoted from its 10-K, filed 23 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Health Care
Industry
Pharmaceuticals
Listed since
13 Feb 2025
Employees
40
Head office
4370 LA JOLLA VILLAGE DRIVE, SAN DIEGO, CA, 92122
Incorporated in
DE
Classification
Pharmaceutical Preparations
Filer status
<br>Emerging growth company

Leadership

Pay as last reported

  • Dr. Tien-Li LeeChief Executive Officer, Founder, Director, since 2017$906,322
  • Mr. Nelson SunChief Financial Officer
  • Dr. Bryan JonesChief Operating Officer$609,693
  • Mr. Timothy KiefferChief Scientific Officer
  • Dr. Manasi JaimanChief Medical Officer$812,457
  • Mr. Danny VilleneuveChief Commercial Officer
  • Dr. Chien Chuen ChiLead Independent Director
  • Dr. Roy BaynesIndependent Director$171,360
  • Ms. Susan GrafIndependent Director$171,032
  • Mr. Victor TongIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Aardvark Therapeutics has 18 full-time employees focused on biotechnology innovation in San Diego.
  • ARD-101 is in Phase III clinical trials for Prader-Willi Syndrome hyperphagia treatment.
  • The company targets gut-restricted TAS2Rs for hunger-associated conditions with a lead product candidate.

Weaknesses

  • The company has only 18 full-time employees in a competitive biotechnology sector.
  • Aardvark Therapeutics went public on 13 February 2025 with limited market presence.
  • The firm's initial compounds target only gut lumen TAS2Rs without broader applications.

Opportunities

  • The Phase III trial for ARD-101 could lead to approval for Prader-Willi Syndrome treatment in the US market.
  • Expanding TAS2R targeting to other hunger conditions may increase market potential.
  • The biotechnology sector in San Diego offers collaborative opportunities for research and development.

Threats

  • Competition from established biotech firms in the US Health Care sector poses a risk.
  • Regulatory delays in Phase III trials could impact the timeline for ARD-101 approval.
  • The Prader-Willi Syndrome market is small but highly specialized, limiting broader commercialization.

Sources and methodology

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