Steven Nathan
Steven Nathan, M.D. to serve as a Class I director effective March 11, 2024
Highest-materiality recent filing
Stockholders approved charter amendment increasing authorized common shares from 700M to 4B.
Gossamer Bio sets conversion price ~$0.19/sh for 7.50% notes; warrant strike $0.34
Initial conversion rate: 5,347.5936 shares per $1,000 principal of 2030 Convertible Notes, equivalent to ~$0.19 conversion price.
Gossamer Bio completes exchange of 94.5% of 2027 notes; $18.9M remain outstanding
$181.1M principal (94.5%) of 5% 2027 notes tendered; exchanged for new 7.5% 2030 notes and equity.
Gossamer Bio exchanges 90.5% of 5% notes for new 7.5% notes, stock, and warrants
$181M of 5% Convertible Senior Notes due 2027 tendered and cancelled (90.5% of outstanding).
Gossamer Bio shareholders re-elect directors, ratify EY, approve say-on-pay
Faheem Hasnain re-elected as Class II director with 92.3M for, 26.7M withheld, 45.5M broker non-votes.
Gossamer Bio extends early tender deadline for exchange offer; $181M of notes tendered
Early tender deadline extended to 5:00 p.m. ET on June 2, 2026; early settlement expected June 4, 2026.
Gossamer Bio launches exchange offer for 5.00% notes; holders of 75.2% support
Exchange Offer: up to $72M new 7.50% Convertible Secured Notes due 2030, plus up to 317.6M common shares and 150M Purchase Warrants.
Gossamer Bio receives Nasdaq bid price deficiency notice; 180 days to cure
Nasdaq notified Gossamer on April 8, 2026 that stock bid price <$1.00 for 30 consecutive business days (Feb 24 – Apr 7, 2026).
Gossamer Bio reports 2025 net loss $170.4M; seralutinib Phase 3 narrowly missed primary endpoint
PROSERA Phase 3 in PAH showed placebo-adjusted 6MWD +13.3 meters but missed prespecified statistical alpha of 0.025 (p=0.0320).
Primary 6MWD endpoint missed: +13.3m placebo-adjusted (p=0.0320 vs prespecified α=0.025).
Gossamer Bio Q3 net loss $48.2M; PROSERA topline due Feb 2026
Net loss of $48.2M ($0.21 per share) vs $30.8M loss a year ago; revenue from Chiesi collab $13.3M.
Gossamer Bio issues 2.5M shares for option to acquire Respira Therapeutics
Issued 2,500,000 shares to Prana Bio on Sept 24, 2025 as consideration for option to acquire Respira via merger.
Gossamer Bio Q2 net loss $38.3M; PROSERA Phase 3 topline due Feb 2026
Net loss $38.3M ($0.17 per share) vs net income $49.2M in Q2 2024, driven by $88.8M one-time license revenue in prior year.
Stockholders re-elect three Class I directors, approve amended incentive plan
Class I directors re-elected: Thomas Daniel, Sandra Milligan, Steven Nathan.
Gossamer Bio completes enrollment in Phase 3 PROSERA study for seralutinib in PAH (n=390)
Global registrational Phase 3 PROSERA study fully enrolled; topline results expected February 2026.
Gossamer Bio closes new patient screening in PAH Phase 3 PROSERA study; Q1 net loss $36.6M
Enrollment of 343 patients completed; to exceed 350 by early June; topline results expected Feb 2026.
Gossamer Bio Q4 2024 net loss $33M; PROSERA Phase 3 topline due Q4 2025
Cash, equivalents and marketable securities $294.5M at year-end; runway into H1 2027.
Gossamer Bio regains Nasdaq minimum bid price compliance; deficiency closed.
Received Nasdaq notice on Feb 19, 2025 confirming regained compliance with minimum bid price rule.
Gossamer Bio Q3 net loss $30.8M; cash $327M, runway into H1 2027
Net loss of $30.8M ($0.14/share) vs $40.0M ($0.21/share) in Q3 2023; revenue from Chiesi collaboration was $9.5M.
Gossamer Bio receives Nasdaq bid-price deficiency notice; deadline March 2025
Nasdaq notified Gossamer Bio that its stock failed to maintain $1.00 minimum bid for 30 consecutive business days through Sept 10, 2024.
Gossamer Bio Q2 2024 net income $49.2M; cash $354.5M; Chiesi collaboration on track
Net income $49.2M ($0.22 basic EPS) vs net loss $42.5M in Q2 2023.
Gossamer Bio regains Nasdaq minimum bid price compliance; listing matter closed
Received Nasdaq letter on July 18, 2024 confirming regained compliance with minimum bid price rule.
Gossamer Bio reports annual meeting results; all proposals approved
Skye Drynan and John Quisel re-elected as Class II directors for three-year terms.
Gossamer Bio receives Nasdaq minimum bid deficiency; cure period to Nov 18, 2024
Nasdaq notice on May 22, 2024; stock below $1.00 for 30 consecutive business days through May 21.
Gossamer Bio reports Q1 net loss $41.9M; announces Chiesi collaboration for seralutinib
Chiesi collaboration provides $160M upfront; Gossamer and Chiesi split global development costs, profits in US.
Gossamer Bio enters global collaboration with Chiesi for seralutinib; receives $160M upfront
Receives $160M development reimbursement; eligible for up to $146M regulatory and $180M sales milestones.
Gossamer Bio appoints Dr. Nathan (PH-ILD expert) and biotech analyst Drynan to board
Dr. Steven Nathan appointed as Class I director, effective March 11, 2024; brings pulmonary and PH-ILD expertise.
Gossamer Bio Q4/FY23 results: first PAH patient dosed in Phase 3 PROSERA, cash $296M into H1 2026
First PAH patient dosed in registrational Phase 3 PROSERA study; topline results expected Q4 2025.
Gossamer Bio regains Nasdaq minimum bid price compliance; deficiency closed
Received Nasdaq letter on March 4, 2024 confirming compliance with minimum bid price rule.
John Quisel appointed to Gossamer Bio Board; brings PAH expertise from Acceleron/Merck
Appointed Class III director, term expiring at 2024 annual meeting; joins Audit Committee.
Gossamer Bio adopts 2023 inducement plan reserving 6.76M shares for new hires and amends bylaws
Board approved 2023 Inducement Plan with 6,762,279 common shares reserved for grants to new employees as material inducement to hire.
Gossamer Bio Q3 net loss $40M, cash sufficient into H1 2026; PROSERA study ahead
Net loss $40.0M ($0.21/share) vs $59.4M loss in Q3 2022; R&D expenses $31.2M (down from $44.5M).
Nasdaq notified Gossamer Bio on Oct 19, 2023 that its common stock had a closing bid price below $1.00 for 30 consecutive business days.
Gossamer Bio board member Kristina Burow resigns effective September 6, 2023
Kristina Burow resigned from the Board due to other board commitments, not due to any disagreement with the company.
Gossamer Bio Q2 net loss $42.5M; raises $212M in July private placement
Net loss $42.5M ($0.45/share) vs $56.5M ($0.74) in Q2 2022; R&D expenses decreased to $36.3M.
Gossamer Bio provides interim TORREY OLE data and PROSERA Phase 3 trial design
Announced interim data from open-label extension of seralutinib in PAH patients.
Sold 129.9M shares + warrants to purchase 32.5M shares at combined price $1.63125 per unit for gross proceeds ~$212M.
Gossamer Bio shareholders approve officer liability amendment, re-elect directors at annual meeting
Amendment to eliminate officer liability for monetary damages passed with 55.97M for, 2.92M against, effective June 8, 2023.
Gossamer Bio Q1 net loss $49.2M; advancing seralutinib to Phase 3 in PAH
Net loss of $49.2M ($0.52 per share) for Q1 2023 vs. $57.8M ($0.76) in Q1 2022.
Gossamer Bio discontinues GB5121 after FDA partial clinical hold; SAEs included fatal hemorrhage
FDA placed partial clinical hold on all GB5121 trials after atrial fibrillation, sudden death, and fatal intracranial hemorrhage in STAR-CNS study.
Gossamer Bio pauses GB5121 enrollment, advances seralutinib Phase 3
Seralutinib Phase 3 in PAH to start H2 2023; dose 90 mg BID, primary endpoint 6-minute walk distance.
Gossamer Bio's Phase 2 TORREY study meets primary endpoint; seralutinib reduces PVR in PAH
Phase 2 TORREY met primary endpoint: placebo-corrected PVR reduction of 96.1 dynes (14.3%, p=0.031).
Gossamer Bio Q3 2022 net loss $59.4M; cash $304.4M; TORREY topline expected Nov/Dec
Net loss $59.4M ($0.65/shr) vs $60.2M ($0.80/shr) in Q3 2021; cash $304.4M sufficient into Q2 2024.
Gossamer Bio Q2 net loss $56.5M; seralutinib Phase 2 readout on track for Nov/Dec 2022
Net loss of $56.5M ($0.74/share) vs $59.8M ($0.80/share) in Q2 2021.
Gossamer Bio raises $120M via private placement of 16.6M shares at $7.21/share
Private placement of 16.6M shares at $7.21; gross proceeds ~$120M before expenses.
Gossamer Bio stockholders re-elect three Class I directors, ratify auditor, approve say-on-pay
Kristina Burow, Thomas Daniel, and Sandra Milligan re-elected as Class I directors with over 89% of votes cast (excluding broker non-votes).
Gossamer Bio Q1 net loss $57.8M ($0.76/diluted); TORREY enrollment complete; cash $271.6M
Phase 2 TORREY study (seralutinib in PAH) completed enrollment; topline data expected Q4 2022.
Gossamer Bio Phase 2 SHIFT-UC trial of GB004 misses primary endpoint; study terminated
Phase 2 trial of GB004 in mild-to-moderate active UC failed primary endpoint at week 12 (15.4% QD, 22.5% BID vs. placebo 17.9%).
Gossamer Bio reports FY2021 net loss of $234M; cash $325M; pipeline milestones set for 2022
Net loss for Q4 2021 was $56.3M ($0.74/share); FY2021 net loss $234M ($3.13/share).
Gossamer Q3 net loss $60.2M ($0.80/shr); PAH study topline delayed to H2 2022
Net loss $60.2M for Q3 2021 vs $57.8M prior year, R&D $43.2M, G&A $12.5M.
Steven Nathan, M.D. to serve as a Class I director effective March 11, 2024
appointed Skye Drynan to serve as a Class III director effective March 11, 2024
the Board appointed John Quisel, J.D., Ph.D. to serve as a Class III director
On September 6, 2023, Kristina Burow resigned from the Board of Directors (the “Board”) of Gossamer Bio, Inc. (the "Company").
Effective September 16, 2021, Bryan Giraudo was promoted to Chief Operating Officer/Chief Financial Officer of Gossamer Bio, Inc.
Max materiality 0.90 · Median 0.65 · Most common event other_material