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Filana Therapeutics (FLNA) Stock Price, News & Analysis

FLNA NASDAQ

Ticker history: SAVA became FLNA (Filana Therapeutics, Inc.) on . Earlier news and filings retain their original names and dates. View SAVA history.

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Price Move History

Daily moves over 5%
61 252 sessions, November 7, 2025 to November 7, 2026
Largest daily move
+39.3% close of September 22, 2026
1-year change
-81.1% closing prices, November 7, 2025 to November 7, 2026
1-month change
-31.3% closing prices, October 7, 2026 to November 7, 2026

Company Description

Filana Therapeutics, Inc. develops investigational biotechnology therapies focused on Tuberous Sclerosis Complex-related epilepsy. The company’s lead program centers on simufilam, a proprietary oral small molecule intended to modulate the filamin A protein. Filana Therapeutics trades on the Nasdaq Capital Market under the symbol FLNA and is headquartered in Austin, Texas.

The company’s current scientific focus is the relationship between filamin A biology and central nervous system disorders, including TSC-related epilepsy. Tuberous Sclerosis Complex is associated with neurological manifestations that can include epilepsy, and Filana Therapeutics is evaluating simufilam as a potential treatment approach within that disease context. The company has also described its broader interest in diseases associated with dysregulation or overexpression of filamin A.

Filana Therapeutics is a development-stage biotechnology company rather than a commercial drug manufacturer. Its business model is based on research and development, preclinical work, regulatory engagement, and clinical-development planning for investigational medicines. Company updates have described preclinical data for simufilam in a mouse model of severe TSC-related epilepsy, scientific presentations on the biological rationale for the program, and work related to regulatory requirements for advancing the program.

Program and technology focus

Simufilam is described by the company as an oral small molecule intended to modulate filamin A protein. The program is directed primarily toward TSC-related epilepsy, a central nervous system disorder area. Filana Therapeutics has reported preclinical findings in this indication and has presented scientific rationale for evaluating simufilam in TSC-related epilepsy.

The company’s development activities include preclinical studies, protocol design work, and regulatory interactions with the U.S. Food and Drug Administration. Its TSC-related epilepsy program has been subject to an FDA clinical hold, and company materials describe efforts to generate additional data and address regulator feedback. These activities place the company within the clinical-stage biotechnology category, where operating results are driven by research spending, development timelines, regulatory status, and financing resources rather than product revenue from approved therapies.

Corporate identity

Filana Therapeutics was formerly known as Cassava Sciences, Inc. The company announced its name change and new ticker symbol in 2026, aligning the corporate identity with its focus on filamin A modulation and TSC-related epilepsy. The FLNA ticker represents the renamed public company and its continuing biotechnology development activities.

As a public biotechnology issuer, Filana Therapeutics’ disclosures commonly address research progress, financial results, regulatory matters, corporate governance, compensation, board composition, and the risks inherent in drug discovery and development. Its operating profile is concentrated, with company-specific attention centered on simufilam, filamin A modulation, TSC-related epilepsy, and the regulatory path for investigational therapy development.

Stock Performance

$0.4801
-
-
Pre-marketLast updated: November 9, 2026 at 04:31
-81.1%
Performance 1 year
$24.1M

Filana Therapeutics (FLNA) closed at $0.5600 on November 7, 2026. Over the past 12 months, the price has lost 81.1%.

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FLNA Metrics & Rankings

Price returns through November 7, 2026. Month and year figures include the first trading day. Ranking links may use different dates.

Insider Radar

Net Buyers
90-Day Summary
399,904
Shares Bought
0
Shares Sold
3
Transactions
Most Recent Transaction
Barry Richard (President & CEO) bought 100,000 shares held indirectly @ $0.9200 on September 30, 2026

Insider buying activity at Filana Therapeutics over the past 90 days may reflect management confidence in the company's direction. Institutional investors and analysts often monitor insider purchases as a potential bullish indicator for the stock.

Based on SEC Form 4 filings over the last 90 days.

Financial Highlights

Filana Therapeutics reported operating income of -$95.4M in FY2025, and net income was -$91.0M. Diluted earnings per share stood at -$1.88. The company generated -$32.3M in operating cash flow. The current ratio was 2.23, measuring current assets divided by current liabilities.

-$91.0M
Net Income (FY2025)
-$32.3M
Operating Cash Flow
—
Revenue (FY2025)

Upcoming Events

Q1
2027
Q1 2027 Clinical

Phase 2a screening start

Screening for Phase 2a TSC-related epilepsy trial to begin by Q1 2027, targeting ~40 patients; multicenter screening planned.
Q1
2027
Q1 2027 Clinical

Phase 2a screening

Screening to begin for 16-week Phase 2a simufilam trial (~40 patients across 13 US sites); randomized, double-blind; FDA lifted hold.
Q1
2027
Q1 2027 Clinical

Phase 2a patient screening

Patient screening for planned simufilam Phase 2a study in TSC-related epilepsy to begin by Q1 2027; site details forthcoming.

Filana Therapeutics has 3 upcoming scheduled events. The next event, "Phase 2a screening start", is expected in Q1 2027. Investors can track these dates to stay informed about potential catalysts that may affect the FLNA stock price.

Short Interest History

Last 12 Months

Short interest in Filana Therapeutics (FLNA) currently stands at 5.6 million shares, down 4.8% from the previous reporting period, representing 11.8% of the float. Since March 2026, short interest has decreased by 23.4%.

Days to Cover History

Last 12 Months

Days to cover for Filana Therapeutics (FLNA) currently stands at 6.8 days, up 582% from the previous period. The ratio is the reported short interest divided by the average daily trading volume. Since March 2026, the figure has decreased by 24.1%. Across the settlements charted above, it has ranged from 1.0 to 32.7 days.

FLNA Company Profile & Sector Positioning

Filana Therapeutics (FLNA) operates in the Biotechnology industry within the broader Healthcare sector and is listed on the NASDAQ.

Investors comparing FLNA often look at related companies in the same sector, including Pasithea Therapeutics Corp. (KTTA), CervoMed Inc. (CRVO), Atossa Therapeutics, Inc. (ATOS), Aligos Therapeutics, Inc. (ALGS), and BioStem Technologies, Inc. (BSEM). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate FLNA's relative position within its industry.

Frequently Asked Questions

The current stock price of Filana Therapeutics (FLNA) is $0.4801 in pre-market trading as of November 9, 2026.

The market cap of Filana Therapeutics (FLNA) is approximately $24.1M. Learn more about what market capitalization means .

The FY2025 net income of Filana Therapeutics (FLNA) is -$91.0M, from its most recent completed fiscal year.

The diluted earnings per share (EPS) of Filana Therapeutics (FLNA) is -$1.88 for FY2025, its most recent completed fiscal year. Learn more about EPS .

The operating cash flow of Filana Therapeutics (FLNA) is -$32.3M for FY2025, its most recent completed fiscal year. Learn about cash flow.

The current ratio of Filana Therapeutics (FLNA), current assets divided by current liabilities, was 2.23 at the end of FY2025, its most recent completed fiscal year. Learn about liquidity ratios.

The operating income of Filana Therapeutics (FLNA) is -$95.4M for FY2025, its most recent completed fiscal year. Learn about operating income.

Filana Therapeutics develops investigational biotechnology therapies focused on Tuberous Sclerosis Complex-related epilepsy and filamin A modulation.

Simufilam is Filana Therapeutics’ proprietary oral small molecule product candidate intended to modulate the filamin A protein.

The company is currently focused on TSC-related epilepsy, a central nervous system disorder area, and has also described interest in diseases associated with dysregulation or overexpression of filamin A.

Filana Therapeutics is a development-stage biotechnology company. Its activities center on research, preclinical data, regulatory engagement, and development planning rather than sales of approved products.

Filana Therapeutics was formerly known as Cassava Sciences, Inc. The company adopted the Filana Therapeutics name and FLNA ticker in 2026.

Filana Therapeutics is headquartered in Austin, Texas.

Filana Therapeutics trades on the Nasdaq Capital Market under the ticker symbol FLNA.