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Companies / Healthcare / RELMADA THERAPEUTICS, INC.
RLMD

RELMADA THERAPEUTICS, INC.

HealthcarePharmaceutical Preparations
Ticker RLMDCORAL GABLES, FLFiscal year ends DecemberBook value per share $2.08Diluted shares 99.3M

Relmada Therapeutics, Inc. (NASDAQ: RLMD) is a clinical-stage biotechnology company focused on developing novel pharmaceutical candidates to address unmet medical needs in oncology and neurological disorders. The company maintains its principal operations and development capabilities in the United States and operates… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%
$-57.39M
+28.3% year over year
Last 12 mo $-61.93M
-66.33%
+158.8 percentage points
Last 12 mo -29.98%
Cash & financing
$-45.79M
+11.5% year over year
Last 12 mo $-45.99M
$-45.79M
+11.5% year over year
Last 12 mo $-45.99M
—
39.5M
+30.9% year over year
Last 12 mo 99.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What RELMADA THERAPEUTICS, INC. does

In the company’s own words

Relmada Therapeutics, Inc. (NASDAQ: RLMD) is a clinical-stage biotechnology company focused on developing novel pharmaceutical candidates to address unmet medical needs in oncology and neurological disorders. The company maintains its principal operations and development capabilities in the United States and operates as a publicly traded entity on the NASDAQ capital market.

The company's current development pipeline centers on two primary product candidates. NDV-01 is a novel, controlled-release intravesical formulation of gemcitabine and docetaxel designed for the treatment of non-muscle-invasive bladder cancer. The product enables single administration in less than five minutes while delivering sustained, localized chemotherapy for up to ten days, addressing limitations of conventional sequential drug delivery methods. Relmada is developing NDV-01 for two separate indications: high-risk, second-line BCG-unresponsive non-muscle-invasive bladder cancer and intermediate-risk patients in the adjuvant setting. The company's Phase 2 data demonstrated a 95 percent complete response rate with favorable safety profiles across 48 enrolled patients.

The company's second lead candidate, sepranolone, is a novel neurosteroid designed to normalize GABAA receptor activity for potential treatment of Prader-Willi syndrome, Tourette Syndrome, essential tremor, and other disorders related to excessive GABAergic activity. Phase 2a data demonstrated competitive tic reduction and improved quality of life metrics in Tourette Syndrome patients with no serious adverse events reported.

Relmada substantially restructured its development portfolio in late 2024 and early 2025, terminating its esmethadone program following clinical setbacks and discontinuing its psilocybin development efforts. The company acquired sepranolone from Asarina Pharma AB in February 2025 and in-licensed NDV-01 from Trigone Pharma Ltd. in March 2025, representing a strategic pivot toward acquiring clinical-stage candidates with established development pathways.

The company maintains an intellectual property portfolio comprising more than forty issued patents and pending applications related to sepranolone and more than ten issued patents related to NDV-01, with potential coverage extending beyond 2038. Relmada has not generated commercial revenues and does not anticipate doing so in the foreseeable future, as none of its product candidates has received regulatory approval for sale in any jurisdiction.

Company details
Sector
Healthcare
Industry
Pharmaceutical Preparations
Headquarters
CORAL GABLES, FL
Fiscal year end
December
CIK
1553643
SIC
2834

Financial performance, year by year

Fiscal 2013–2025 · USD
$-172.76M$-125.62M$-78.47M$-31.33M$15.81M2013201520162017201820192019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns RELMADA THERAPEUTICS, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

67
funds hold it
0 of 35
superinvestors hold it
$81.69M
held by funds, at market
11.0%
of shares held by funds

Largest fund holders · RELMADA THERAPEUTICS, INC.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
Eventide Healthcare & Life Sciences Fund
ETAHX · MUTUAL FUND SERIES TRUST
0.39%of fund net assets
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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