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4D Molecular Therapeutics FDMT · USD

Health Care · US listing · 🇺🇸 United States

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12.48

+1.88%

Close of 9 Nov 2026, in USD

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About 4D Molecular Therapeutics

From its filings with the US Securities and Exchange Commission

SEC filings

4D Molecular Therapeutics is based in Emeryville, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker FDMT. The SEC classifies its business as biological products, (no diagnostic substances). In the fiscal year to 31 December 2025, it reported revenue of $85.2m and a net loss of $140.1m. At that date it held total assets of $566.7m and shareholders' equity of $505.7m.

In its own words

We are a leading late-stage biotechnology company advancing durable and disease-targeted therapeutics with the potential to transform treatment paradigms and provide unprecedented benefits to patients. Our products are developed with customized and evolved adeno-associated virus (“AAV”) vectors invented from our proprietary vector discovery platform, Therapeutic Vector Evolution (“TVE”) which was designed to generate vectors with properties that overcome the limitations of conventional AAV vectors. TVE applies the principles of directed evolution in non-human primate (“NHP”) models to select vectors that target tissues of diseases with high unmet need using routine and local routes of administration. We are focused on clinical-stage product candidates in retina and lung utilizing vectors invented with TVE and believe the clinical results to date validate the platform.

Our lead product candidate 4D-150 utilizes our proprietary R100 vector and a transgene encoding anti-VEGF biologics (inhibitors of vascular endothelial growth factor): aflibercept (targeting VEGF-A, VEGF-B and placental growth factor) and an RNA interference (RNAi) approach targeting VEGF-C. The goal for our development and potential commercialization of 4D-150 is to transform the standard of care for large market retinal vascular diseases with a safe, in-office, and durable lifelong backbone therapy, substantially reducing treatment burden and improving long-term vision outcomes.

Quoted from its 10-K, filed 18 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Health Care
Industry
Biotechnology
Listed since
11 Dec 2020
Employees
196
Head office
5858 HORTON STREET #455, EMERYVILLE, CA, 94608
Incorporated in
DE
Classification
Biological Products, (No Diagnostic Substances)
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Dr. John MilliganExecutive Chairman of the Board, since 2020$646,807
  • Dr. Fariborz KamalPresident, Chief Operating Officer$734,607
  • Dr. David KirnChief Executive Officer, Co-Founder, Director, since 2013$1.0m
  • Mr. Ashoo GuptaPrincipal Financial Officer, Principal Accounting Officer
  • Dr. Dhaval DesaiChief Development Officer
  • Dr. Robert KimChief Medical Officer$4.0m
  • Mr. Christopher SimmsChief Commercial Officer
  • Dr. Scott BizilyChief Legal Officer and Corporate Secretary
  • Dr. Jacob ChackoIndependent Director$482,236
  • Ms. Susannah GrayIndependent Director$482,236
  • Ms. Nancy Miller-RichIndependent Director$469,736
  • Dr. Charles TheuerIndependent Director$482,236

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
56
Environment
56
Social
92
Governance
21
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

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

AI-generated

Strengths

  • Company operates as a clinical stage biotherapeutics company with a focus on gene therapeutic products.
  • Headquartered in Emeryville, California with 196 employees as of the provided data.
  • Developing a diverse pipeline of product candidates for both large market and rare diseases.

Weaknesses

  • The source description states 144 full-time employees, conflicting with the provided 196 employees.
  • The source description lists five product candidates but does not include all details provided in the user message.
  • The source description is treated as untrusted and should not be followed for factual accuracy.

Opportunities

  • Expanding product pipeline to address serious unmet medical conditions in ophthalmology, pulmonology, and cardiology.
  • Potential commercialization of gene therapeutic products for large market and rare diseases.
  • Addressing patient populations that other genetic medicines cannot reach.

Threats

  • Conflicting employee count between the source description (144) and provided data (196) may indicate data inconsistency.
  • The source description is untrusted, which could affect the reliability of external information.
  • Dependence on clinical stage development for product candidates without confirmed commercial success.

Sources and methodology

Data on this tab
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