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Fulcrum Therapeutics Stock Price, News & Analysis

FULC NASDAQ

Company Description

Fulcrum Therapeutics, Inc. (Nasdaq: FULC) is a clinical-stage biopharmaceutical company that focuses on developing small-molecule medicines for patients with genetically defined rare diseases in areas of high unmet medical need. According to the company’s public disclosures, Fulcrum concentrates on targets that can modulate gene expression, aiming to address the known root cause of gene mis-expression in these disorders.

Fulcrum’s lead clinical program is pociredir, described as an investigational oral, once-daily small molecule designed to increase expression of fetal hemoglobin (HbF) for the treatment of sickle cell disease (SCD). The company states that pociredir is an inhibitor of Embryonic Ectoderm Development (EED) discovered using its proprietary discovery technology. By inhibiting EED, pociredir is intended to downregulate key fetal globin repressors, including BCL11A, which in turn is designed to increase HbF levels in patients with SCD.

Fulcrum reports that pociredir is being evaluated in the PIONEER Phase 1b clinical trial in adults with severe sickle cell disease. Company communications describe PIONEER as an open-label, dose-escalation study assessing safety and efficacy, with secondary endpoints that include HbF induction, hemolysis, and anemia, and exploratory endpoints that include globin gene expression, percentage of F-cells, and incidence of vaso-occlusive crises (VOCs). Initial data from multiple dose cohorts, including 12 mg and 20 mg, have been highlighted by Fulcrum as showing proof-of-concept for HbF induction and associated changes in markers of hemolysis and anemia, with pociredir described as generally well-tolerated through several months of exposure in adults with SCD.

In addition to its lead program, Fulcrum states that it uses proprietary technology to identify drug targets that can modulate gene expression. This platform-based approach underpins its focus on genetically defined rare diseases, where specific gene-regulation mechanisms can be linked to disease biology. The company has also discussed a program involving calmodulin pathway modulators for the potential treatment of bone marrow failure syndromes, and has presented preclinical data on an EED inhibitor candidate, FTX-6274, in oncology models, indicating that its research efforts extend beyond sickle cell disease into other hematologic and genetic conditions.

Fulcrum’s recent public updates emphasize its concentration on genetically defined rare diseases, with sickle cell disease as the primary clinical focus. SCD is described in company materials as a genetic disorder of red blood cells caused by a mutation in the HBB gene, leading to abnormal hemoglobin, sickle-shaped red blood cells, and serious clinical consequences such as anemia, pain, and organ complications. By targeting fetal hemoglobin induction, Fulcrum’s approach with pociredir is positioned around a mechanistic strategy that seeks to counteract the underlying effects of the sickle hemoglobin mutation.

The company is listed on The Nasdaq Global Market under the symbol FULC, as indicated in its SEC filings. Fulcrum has also reported that pociredir has received FDA Fast Track designation and Orphan Drug Designation for the treatment of sickle cell disease. These regulatory designations, as described in the company’s communications, are intended to support the development of therapies for serious conditions and rare diseases.

Fulcrum’s public filings and press releases also describe its use of capital to support research and development, including funding clinical trials, regulatory submissions, discovery activities, additional preclinical research and development of product candidates, and enhancement of its platform. The company has accessed the public equity markets through underwritten offerings of common stock and pre-funded warrants, as documented in its SEC reports, to finance these activities and general corporate purposes.

Corporate materials identify Fulcrum Therapeutics as based in Cambridge, Massachusetts. As a clinical-stage company, Fulcrum focuses on advancing its investigational therapies through early- and mid-stage clinical development, while also maintaining discovery and preclinical programs that apply its gene-expression modulation technology to additional rare disease targets.

Business focus and therapeutic strategy

Fulcrum’s stated strategy centers on small-molecule modulation of gene expression in genetically defined rare diseases. Rather than replacing genes, the company’s approach, as described in its communications, is to identify and drug targets that can adjust the expression of disease-relevant genes. Pociredir exemplifies this strategy by aiming to increase fetal hemoglobin through inhibition of EED and downregulation of repressors such as BCL11A.

In company disclosures, Fulcrum highlights that increasing HbF in sickle cell disease is a scientifically grounded strategy, with higher HbF levels associated with reductions in vaso-occlusive crises and improvements in markers of red blood cell health. The PIONEER trial results shared by Fulcrum include changes in HbF levels, F-cell percentages, markers of hemolysis, and hemoglobin concentration, which the company uses to characterize the pharmacodynamic profile of pociredir.

Pipeline and research areas

Beyond pociredir, Fulcrum has communicated work on a calmodulin pathway modulator program for potential treatment of bone marrow failure syndromes, such as Diamond-Blackfan anemia and related conditions. It has also reported preclinical data for FTX-6274, an oral EED inhibitor candidate evaluated in castration-resistant prostate cancer models. These efforts indicate that the company’s gene-expression modulation platform is applied to both hematologic and oncologic indications, although pociredir in SCD remains the lead clinical program described in its recent updates.

Regulatory and corporate status

SEC filings show that Fulcrum’s common stock is registered under Section 12(b) of the Securities Exchange Act and trades on The Nasdaq Global Market under the symbol FULC. The company holds annual meetings of stockholders, submits advisory votes on executive compensation, and discloses the selection of its independent registered public accounting firm, as reflected in its annual meeting Form 8-K. Fulcrum has also filed current reports describing financial results, clinical data updates, and capital-raising transactions, including an underwriting agreement for a public offering of common stock and pre-funded warrants.

Frequently asked questions about Fulcrum Therapeutics (FULC)

  • What does Fulcrum Therapeutics do?
    Fulcrum Therapeutics is a clinical-stage biopharmaceutical company that focuses on developing small-molecule drugs for genetically defined rare diseases. The company uses proprietary technology to identify drug targets that can modulate gene expression to address the root cause of gene mis-expression.
  • What is Fulcrum Therapeutics’ lead program?
    According to company disclosures, Fulcrum’s lead clinical program is pociredir, an investigational oral small molecule designed to increase fetal hemoglobin (HbF) expression for the treatment of sickle cell disease.
  • How is pociredir intended to work in sickle cell disease?
    Fulcrum describes pociredir as an inhibitor of Embryonic Ectoderm Development (EED). Inhibition of EED is reported to downregulate key fetal globin repressors, including BCL11A, which is intended to increase fetal hemoglobin levels in people with sickle cell disease.
  • What clinical trial is evaluating pociredir?
    Pociredir is being evaluated in the PIONEER Phase 1b open-label dose-escalation trial in adults with severe sickle cell disease. The study is designed to assess safety and efficacy, with secondary endpoints such as HbF induction, hemolysis, and anemia, and exploratory endpoints including F-cells and vaso-occlusive crisis incidence.
  • What disease area does Fulcrum primarily focus on?
    Fulcrum’s lead clinical focus is sickle cell disease, a genetically defined rare blood disorder. Company materials also reference programs in bone marrow failure syndromes and preclinical work in oncology, but SCD is the primary indication for its lead program, pociredir.
  • What regulatory designations has pociredir received?
    Fulcrum reports that pociredir has been granted FDA Fast Track designation and Orphan Drug Designation for the treatment of sickle cell disease.
  • On which exchange does Fulcrum Therapeutics trade and what is its ticker?
    SEC filings indicate that Fulcrum Therapeutics’ common stock trades on The Nasdaq Global Market under the ticker symbol FULC.
  • Where is Fulcrum Therapeutics based?
    Company filings list Fulcrum Therapeutics, Inc. in Cambridge, Massachusetts.
  • How does Fulcrum fund its research and development?
    Fulcrum’s public filings describe financing through cash, cash equivalents, and marketable securities, and through underwritten public offerings of common stock and pre-funded warrants. The company states that it uses proceeds primarily for general corporate purposes, including research and development, clinical trials, regulatory submissions, and platform enhancement.
  • Does Fulcrum have programs beyond sickle cell disease?
    Yes. Fulcrum has discussed a calmodulin pathway modulator program for potential treatment of bone marrow failure syndromes and has presented preclinical data for FTX-6274, an EED inhibitor candidate, in prostate cancer models, reflecting broader application of its gene-expression modulation platform.

Stock Performance

$6.27
+6.09%
+0.36
Last updated: May 20, 2026 at 14:15
-3.99%
Performance 1 year
$405.8M

Fulcrum Therapeutics (FULC) stock last traded at $5.91, up 6.09% from the previous close. Over the past 12 months, the stock has lost 4.0%. At a market capitalization of $405.8M, FULC is classified as a small-cap stock with approximately 66.6M shares outstanding.

FULC Rankings

Market Cap
$405.8M
#3,778
Monthly
-19.7%
#4,148
YTD
-45.9%
#4,109

SEC Filings

Fulcrum Therapeutics has filed 5 recent SEC filings, including 2 Form SCHEDULE 13G/A, 1 Form 3, 1 Form 4, 1 Form ARS. The most recent filing was submitted on May 15, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all FULC SEC filings →

Financial Highlights

operating income reached -$84.8M, and net income was -$74.9M. Diluted earnings per share stood at $-1.18. The company generated -$60.1M in operating cash flow. With a current ratio of 27.40, the balance sheet reflects a strong liquidity position.

$0
Revenue (TTM)
-$74.9M
Net Income (TTM)
-$60.1M
Operating Cash Flow

Upcoming Events

JUL
01
July 1, 2026 - December 31, 2026 Clinical

Registration-enabling trial start

Pociredir registration-enabling trial planned in H2 2026; company to discuss design with regulators.
JUL
01
July 1, 2026 - December 31, 2026 Clinical

Pursue registration-enabling trial

Plan to initiate a registration-enabling clinical trial in H2 2026 pending FDA feedback; timing subject to agency review.
JUL
01
July 1, 2026 - December 31, 2026 Clinical

Registration-enabling trial start

Planned start window Jul 1–Dec 31, 2026 for potential registration-enabling trial
SEP
01
September 1, 2026 - December 31, 2026 Corporate

CFO retirement planned

CFO Alan Musso plans to retire later in 2026; company may announce a successor and provide transition details.
JAN
05
January 5, 2027 Financial

25% option vesting

25% of 30,400 inducement options vest (grant price $10.84, effective 2026-01-05)
JAN
05
January 5, 2027 - January 5, 2030 Financial

Quarterly vesting period

Remaining 6.25% vests quarterly over the following 12 quarters, completing full vesting
FEB
02
February 2, 2027 Corporate

25% vests

First-anniversary vesting of 25% of 70,000 options; grant assumed 2026-02-02
FEB
02
February 2, 2027 - February 2, 2030 Corporate

Quarterly vesting period

6.25% vests quarterly for 12 quarters following first anniversary; completes 2030-02-02
MAR
02
March 2, 2027 - March 2, 2030 Corporate

Option vesting period begins

34,000 inducement options vest: 25% at 1yr, then 6.25% quarterly for 12 quarters
MAY
04
May 4, 2027 Corporate

First vesting (25%)

25% of 55,500 inducement options vest per plan; exercise price $7.02; granted under 2022 Inducement Stock Incentive Plan.

Fulcrum Therapeutics has 15 upcoming scheduled events. The next event, "Registration-enabling trial start", is scheduled for July 1, 2026 (in 42 days). 3 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the FULC stock price.

Short Interest History

Last 12 Months

Short interest in Fulcrum Therapeutics (FULC) currently stands at 7.6 million shares, up 8.5% from the previous reporting period, representing 11.8% of the float. Over the past 12 months, short interest has increased by 32.9%. This moderate level of short interest indicates notable bearish positioning. The 9.6 days to cover indicates moderate liquidity for short covering.

Days to Cover History

Last 12 Months

Days to cover for Fulcrum Therapeutics (FULC) currently stands at 9.6 days, up 107.5% from the previous period. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 16.6 days.

FULC Company Profile & Sector Positioning

Fulcrum Therapeutics (FULC) operates in the Biotechnology industry within the broader Pharmaceutical Preparations sector and is listed on the NASDAQ. In monthly performance, the stock ranks #4,148 among all tracked companies.

Investors comparing FULC often look at related companies in the same sector, including Lexicon Pharmaceuticals Inc (LXRX), Solid Bioscience (SLDB), Puretech Health (PRTC), AUTOLUS THERAPEUTICS PLC (AUTL), and Larimar Therapeutics Inc (LRMR). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate FULC's relative position within its industry.

Frequently Asked Questions

What is the current stock price of Fulcrum Therapeutics (FULC)?

The current stock price of Fulcrum Therapeutics (FULC) is $5.91 as of May 19, 2026.

What is the market cap of Fulcrum Therapeutics (FULC)?

The market cap of Fulcrum Therapeutics (FULC) is approximately 405.8M. Learn more about what market capitalization means .

What is the revenue (TTM) of Fulcrum Therapeutics (FULC) stock?

The trailing twelve months (TTM) revenue of Fulcrum Therapeutics (FULC) is $0.

What is the net income of Fulcrum Therapeutics (FULC)?

The trailing twelve months (TTM) net income of Fulcrum Therapeutics (FULC) is -$74.9M.

What is the earnings per share (EPS) of Fulcrum Therapeutics (FULC)?

The diluted earnings per share (EPS) of Fulcrum Therapeutics (FULC) is $-1.18 on a trailing twelve months (TTM) basis. Learn more about EPS .

What is the operating cash flow of Fulcrum Therapeutics (FULC)?

The operating cash flow of Fulcrum Therapeutics (FULC) is -$60.1M. Learn about cash flow.

What is the current ratio of Fulcrum Therapeutics (FULC)?

The current ratio of Fulcrum Therapeutics (FULC) is 27.40, indicating the company's ability to pay short-term obligations. Learn about liquidity ratios.

What is the operating income of Fulcrum Therapeutics (FULC)?

The operating income of Fulcrum Therapeutics (FULC) is -$84.8M. Learn about operating income.