Company Description
Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) is described as a fully integrated, late-stage biotechnology company advancing a sustainable pipeline of investigational genetic therapies designed to correct the root cause of complex and rare disorders. According to the company’s disclosures, Rocket focuses on genetic diseases with high unmet medical need, particularly in cardiovascular and hematologic indications where existing treatment options are limited or carry significant risks.
Rocket’s work centers on gene therapy, using genetic medicines intended as one-time treatments. The company states that its multi-platform approach allows it to design gene therapies for specific indications, with the goal of creating potentially transformative options that may enable people living with devastating rare diseases to experience long and full lives. Rocket trades on Nasdaq under the ticker symbol RCKT and is identified in industry classification data as operating in pharmaceutical preparation manufacturing within the broader manufacturing sector.
Cardiovascular AAV Gene Therapy Portfolio
Rocket’s adeno-associated viral (AAV) vector-based cardiovascular portfolio includes a late-stage clinical program for Danon disease and additional programs for inherited cardiomyopathies. Danon disease is described as a devastating heart failure condition resulting in thickening of the heart, with the only available treatment option being cardiac transplantation, which is associated with substantial complications and is not considered curative. Rocket is developing RP-A501, an investigational AAV9-based gene therapy designed to deliver a functional version of the human LAMP2B gene to heart tissue.
The company also highlights an early-stage clinical program for PKP2-arrhythmogenic cardiomyopathy (PKP2-ACM), a life-threatening heart failure disease causing ventricular arrhythmias and sudden cardiac death. The investigational therapy RP-A601 uses an AAVrh74 capsid to deliver a functional PKP2 gene. Rocket reports that RP-A601 has received U.S. Food and Drug Administration (FDA) Regenerative Medicine Advanced Therapy (RMAT) designation, as well as Fast Track and Orphan Drug designations in certain regions, reflecting regulatory engagement around this program.
In addition, Rocket has received Investigational New Drug (IND) clearance for an AAV-based gene therapy, RP-A701, targeting BAG3-associated dilated cardiomyopathy (BAG3-DCM), a heart failure condition that causes enlarged ventricles. The company describes BAG3-DCM as a rare, inherited heart condition caused by mutations in the BAG3 gene, leading to early-onset, progressive heart failure with high morbidity and premature mortality.
Lentiviral Hematology Gene Therapy Portfolio
Rocket’s lentiviral (LV) vector-based hematology portfolio consists of late-stage programs for several severe genetic blood and immune disorders. These include:
- Leukocyte Adhesion Deficiency-I (LAD-I), a severe pediatric genetic immune disorder that predisposes patients to recurrent and life-threatening infections and is described as near-uniformly fatal in childhood without an allogeneic hematopoietic stem cell transplant. Rocket’s investigational gene therapy for severe LAD-I is KRESLADI (marnetegragene autotemcel; marne-cel), an autologous LV-based therapy designed to deliver a functional copy of the ITGB2 gene encoding the beta-2 integrin component CD18.
- Fanconi Anemia (FA), a difficult-to-treat genetic disease that leads to bone marrow failure and potentially cancer. Rocket has developed RP-L102, an investigational gene therapy for FA, and has disclosed that internal investment in this program has been paused as part of a corporate prioritization, with the company considering external partnership opportunities to advance it.
- Pyruvate Kinase Deficiency (PKD), a monogenic red blood cell disorder resulting in increased red cell destruction and mild to life-threatening anemia. Rocket’s program RP-L301 targets PKD using a lentiviral gene therapy approach, and the company has indicated that additional internal investment in this program has also been paused under its pipeline prioritization plan.
Across these programs, Rocket emphasizes the use of autologous hematopoietic stem cells genetically modified with LV vectors to address the underlying genetic defects. In LAD-I, for example, the company reports that its global Phase 1/2 study of KRESLADI met all primary and secondary endpoints, with 100% overall survival at 12 months post-infusion for all enrolled patients and substantial reductions in significant infections, alongside improvements in skin lesions and wound-healing capabilities.
Strategic Focus and Pipeline Prioritization
Rocket has announced a strategic corporate reorganization and pipeline prioritization that concentrates resources on its AAV cardiovascular platform and regulatory activities for KRESLADI. The company states that this initiative is aimed at maximizing near-term value, extending operational runway and positioning the organization for sustained long-term growth. As part of this plan, Rocket is focusing on late-stage AAV gene therapy programs in Danon disease, PKP2-ACM and BAG3-DCM, while advancing regulatory interactions for KRESLADI in severe LAD-I.
In connection with this prioritization, Rocket has disclosed that it implemented an organizational restructuring, including a reduction in workforce and cost-saving measures intended to lower operating expenses over a 12‑month period. The company has also reported pausing additional internal investments in its FA (RP-L102) and PKD (RP-L301) programs, while exploring strategic alternatives and potential external partnerships to continue development of these assets.
Regulatory Designations and Clinical Development
Rocket reports multiple regulatory designations across its pipeline. For KRESLADI in severe LAD-I, the company states that it holds FDA Regenerative Medicine Advanced Therapy (RMAT), Rare Pediatric Disease and Fast Track designations in the United States, as well as PRIME and Advanced Therapy Medicinal Product (ATMP) designations in the European Union, and Orphan Drug designations in both regions. Rocket has also disclosed that the FDA has accepted resubmission of the Biologics License Application (BLA) for KRESLADI and set a Prescription Drug User Fee Act (PDUFA) target action date.
For RP-A601 in PKP2-ACM, Rocket reports RMAT designation from the FDA, along with Fast Track and Orphan Drug designations in the U.S. and Europe. The company has presented preliminary Phase 1 data indicating increased PKP2 protein expression and improvements or stabilization in clinically meaningful endpoints such as right ventricular function, ventricular arrhythmias and quality of life measures, with a generally well-tolerated safety profile in the treated patients described.
RP-A501 for Danon disease has been evaluated in Phase 1 and is being studied in a global, single-arm, multi-center 12‑patient Phase 2 pivotal trial. Rocket has disclosed that the FDA previously placed this trial on clinical hold following a serious adverse event related to capillary leak syndrome, and that the company paused dosing and conducted a root cause analysis. Subsequent communications indicate that the FDA lifted the clinical hold, authorizing the trial to resume with a recalibrated dose and an adjusted immunomodulatory regimen, with three additional patients to be treated sequentially before further alignment on completion of the Phase 2 study.
Corporate Structure and Reporting
Rocket identifies itself as a fully integrated biotechnology company, with activities spanning research and development, clinical operations and commercial readiness for its gene therapy candidates. Earlier descriptions indicate that the company has one reportable segment related to R&D and commercial readiness of its gene therapies. Rocket is headquartered in Cranbury, New Jersey, as reflected in SEC filings that list its principal location in Cranbury, NJ.
As a publicly traded company, Rocket files periodic and current reports with the U.S. Securities and Exchange Commission (SEC), including Forms 10‑K, 10‑Q and 8‑K. Recent 8‑K filings referenced in the available information cover topics such as financial results, strategic reorganization, clinical trial updates, regulatory milestones for KRESLADI, leadership changes and board appointments. These disclosures provide investors with updates on the company’s operational progress, pipeline status and corporate governance developments.
Focus on Rare and Inherited Diseases
Across its cardiovascular and hematology portfolios, Rocket consistently describes its mission as targeting rare, inherited and often life-threatening diseases. Conditions such as Danon disease, PKP2-ACM, BAG3-DCM, severe LAD-I, Fanconi Anemia and Pyruvate Kinase Deficiency are characterized in the company’s materials as having high unmet medical need, significant morbidity and mortality, and limited existing treatment options. By aiming to correct the underlying genetic causes of these disorders, Rocket positions its investigational therapies as potential one-time treatments that may alter disease trajectories if approved.
According to company statements, Rocket’s strategy includes engaging with regulators on potential accelerated development pathways where appropriate, such as RMAT and Fast Track designations, and designing clinical trials that incorporate biomarker, functional and clinical endpoints relevant to each disease. The company also notes the use of natural history studies in certain programs, such as Danon disease, to better understand disease progression and contextualize treatment effects.
FAQs
Stock Performance
Latest News
SEC Filings
Insider Radar
Financial Highlights
Upcoming Events
TD Cowen conference presentation
Leerink fireside chat
PDUFA target action date
KRESLADI PDUFA decision
RP-A701 Phase 1 dosing
Short Interest History
Short interest in Rocket Pharmaceu (RCKT) currently stands at 12.7 million shares, up 7.0% from the previous reporting period, representing 12.4% of the float. Over the past 12 months, short interest has increased by 15.5%. This moderate level of short interest indicates notable bearish positioning. The 7.7 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for Rocket Pharmaceu (RCKT) currently stands at 7.7 days, up 44.4% 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 1.2 to 9.0 days.