Watch for candidate selection announcements on the three remaining collaboration programs, which would trigger additional milestone payments and validate Wave's platform further.
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Executive Summary
Wave Life Sciences announced that GSK selected a candidate from their research collaboration for a hepatology indication, triggering a $12 million milestone payment. Three additional collaboration programs are advancing toward candidate selection, with Wave eligible for up to $330-$375 million in milestones per program plus tiered royalties.
Key Financial Metrics
Key Facts
- GSK selected a development candidate for a hepatology indication using Wave's SpiNA design GalNAc-siRNA
- Wave receives a $12 million milestone payment for this candidate selection
- Wave eligible for up to $330-$375 million in development, launch, and commercial milestones per program plus tiered royalties
- Three additional collaboration programs advancing toward candidate selection
Financial Impact
$12 million immediate milestone; up to $330-$375 million per program in future milestones plus tiered royalties
Risk Factors
- Milestone payments are contingent on future development and regulatory success
- No guarantee that remaining programs will achieve candidate selection
- Clinical-stage biotech with no approved products; pipeline risk remains
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3371781 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $3.50 | awaiting T+1 | — | $3.44 (−1.71%) |
Oct 27, 2026 today | 8-K | $3.17 | awaiting T+1 | — | $3.44 (+8.52%) |
Oct 27, 2026 today | Press Release | $3.46 | awaiting T+1 | — | $3.44 (−0.55%) |
Oct 14, 2026 12d ago | DEF 14A | $3.19 $3.13 | ▼ −1.88% | ▼ −0.77% | $3.44 (+7.84%) |
Sep 30, 2026 27d ago | Press Release | $3.70 $3.88 | ▲ +4.86% | ▲ +4.69% | $3.44 (−7.03%) |
Aug 13, 2026 10w ago | Insider Cluster | $5.41 $5.09 | ▼ −5.92% | ▼ −5.44% | $3.44 (−36.41%) |
May 18, 2026 23w ago | Press Release | $6.14 $6.19 | ▲ +0.81% | ▼ −0.23% | $3.44 (−43.97%) |
Apr 28, 2026 26w ago | 8-K | $7.52 $7.05 | ▼ −6.25% | ▼ −6.24% | $3.44 (−54.26%) |
Apr 28, 2026 26w ago | Press Release | $7.52 $7.05 | ▼ −6.25% | ▼ −6.24% | $3.44 (−54.26%) |
Apr 22, 2026 26w ago | Press Release | $7.38 $7.31 | ▼ −0.95% | ▼ −0.55% | $3.44 (−53.39%) |
US Market Status
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