- CEO
- Peter H. R. Green
- Full Time Employees
- 10
- Sector
- Healthcare
- Industry
- Biotechnology
- Address
- 4509 Creedmoor Road Raleigh NC United States of America 27612
- IPO Date
- Jul 8, 2016
- Business
- 9 Meters Biopharma, Inc. (NMTRQ) is a clinical-stage biopharmaceutical company focused on developing novel treatments for rare digestive diseases, gastrointestinal conditions with unmet needs, and related debilitating disorders. The company offers a pipeline of drug candidates including vurolenatide, a proprietary Phase 3 long-acting glucagon-like peptide-1 (GLP-1) agonist for short bowel syndrome; larazotide acetate, a tight junction regulator in Phase 3 for celiac disease and Phase 2 for multi-system inflammatory syndrome; NM-002 and NM-003 for undisclosed rare diseases; NM-102, a small molecule peptide; and NM-136, a humanized monoclonal antibody targeting glucose-dependent insulinotropic polypeptide for obesity-related disorders such as Prader-Willi Syndrome. It operates primarily in North America, with licensing agreements including Amunix for XTEN technology, MHS Care Innovation LLC, Alba Therapeutics Corporation, and EBRIS.
Founded in 2014 and headquartered in Raleigh, North Carolina, the company targets rare and orphan patient populations in gastroenterology, advancing clinical compounds through outsourced development and manufacturing. In a significant operational change, 9 Meters Biopharma filed a voluntary petition for liquidation under Chapter 7 bankruptcy on July 17, 2023, in the U.S. Bankruptcy Court for the Eastern District of North Carolina, leading to halted operations and delisting to pink sheets trading. Prior recent developments included the 2021 acquisition of global rights to NM-136 (formerly LOB-0136) from Lobesity LLC for an upfront payment and milestones, broadening its pipeline without impacting short bowel syndrome and celiac programs.