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1. Company Snapshot

1.a. Company Description

Spyre Therapeutics, Inc., a biotechnology company, focuses on advancing a pipeline of antibody therapeutics for the treatment of inflammatory bowel disease by combining antibody engineering, rational therapeutic combinations, and precision medicine approaches for patient selection.The company's pipeline includes extended half-life antibodies targeting a4ß7, TL1A, and IL-23.The company was formerly known as Aeglea BioTherapeutics, Inc.


and changed its name to Spyre Therapeutics, Inc.in November 2023.Spyre Therapeutics, Inc.


was founded in 2013 and is based in Waltham, Massachusetts.

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1.b. Last Insights on SYRE

Spyre Therapeutics' recent performance has been driven by positive developments in its clinical-stage pipeline. The company reported encouraging interim Phase 1 results for its next-generation TL1A antibodies, SPY002 and SPY072, which demonstrated improved efficacy and convenience in treating inflammatory bowel disease and other immune-mediated diseases. Additionally, Spyre announced the initiation of two clinical studies, SKYLINE-UC and SKYWAY-RD, evaluating its optimized monotherapies and therapeutic combinations. The company also granted stock options to non-executive employees as equity inducement awards, indicating its efforts to attract and retain talent.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Spyre Therapeutics Announces Grants of Inducement Awards

Dec -05

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Spyre Therapeutics, Inc. $SYRE Shares Purchased by Intech Investment Management LLC

Dec -01

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Spyre Therapeutics Announces Grants of Inducement Awards

Nov -07

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Spyre Therapeutics Reports Third Quarter 2025 Financial Results and Provides Corporate Update

Nov -04

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Spyre Therapeutics Announces Positive Interim Phase 1 Results for SPY003, Its Novel, Half-Life Extended anti-IL-23 Antibody

Nov -04

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Spyre Therapeutics Announces Poster Presentations at American College of Rheumatology (ACR) Convergence 2025

Oct -24

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Spyre Therapeutics, Inc. Announces Closing of Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares for Gross Proceeds of $316.2 Million

Oct -15

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Spyre Therapeutics Announces Pricing of $275.0 Million Public Offering of Common Stock

Oct -14

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.27%)

6. Segments

Human Enzyme Therapeutics

Expected Growth: 9.27%

Spyre Therapeutics' Human Enzyme Therapeutics growth is driven by increasing demand for rare genetic disorder treatments, advancements in gene editing technologies, and strategic partnerships. The 9.27% growth rate is also fueled by expanding research and development investments, growing awareness of lysosomal storage diseases, and a strong pipeline of novel enzyme replacement therapies.

7. Detailed Products

ST-002

ST-002 is a novel, orally bioavailable, small molecule inhibitor of the cGAS-STING pathway, which is a key regulator of the innate immune response.

ST-025

ST-025 is a small molecule inhibitor of the NLRP3 inflammasome, a key regulator of the innate immune response.

ST-061

ST-061 is a novel, orally bioavailable, small molecule inhibitor of the AIM2 inflammasome, which is a key regulator of the innate immune response.

8. Spyre Therapeutics, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Spyre Therapeutics, Inc. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the ongoing research and development in the biotechnology industry.

Bargaining Power Of Customers

Spyre Therapeutics, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products are specialized, making it difficult for customers to switch to alternative suppliers.

Bargaining Power Of Suppliers

Spyre Therapeutics, Inc. relies on a few key suppliers for raw materials and equipment. While the company has some bargaining power due to its size, the suppliers also have some leverage due to the specialized nature of the products.

Threat Of New Entrants

The biotechnology industry has high barriers to entry, including significant capital requirements, complex regulatory approvals, and specialized expertise. These barriers make it difficult for new entrants to compete with established companies like Spyre Therapeutics, Inc.

Intensity Of Rivalry

The biotechnology industry is highly competitive, with many established companies and new entrants vying for market share. Spyre Therapeutics, Inc. faces intense competition from companies with similar products and technologies.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 31.48%
Debt Cost 3.95%
Equity Weight 68.52%
Equity Cost 18.52%
WACC 13.93%
Leverage 45.95%

11. Quality Control: Spyre Therapeutics, Inc. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Mirum Pharmaceuticals

A-Score: 5.3/10

Value: 6.2

Growth: 7.6

Quality: 3.4

Yield: 0.0

Momentum: 10.0

Volatility: 4.7

1-Year Total Return ->

Stock-Card
Entrada Therapeutics

A-Score: 4.7/10

Value: 8.2

Growth: 8.0

Quality: 5.1

Yield: 0.0

Momentum: 5.0

Volatility: 2.0

1-Year Total Return ->

Stock-Card
Karyopharm Therapeutics

A-Score: 3.8/10

Value: 9.8

Growth: 5.8

Quality: 6.0

Yield: 0.0

Momentum: 0.0

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Spyre Therapeutics

A-Score: 3.6/10

Value: 6.8

Growth: 6.8

Quality: 5.6

Yield: 0.0

Momentum: 1.0

Volatility: 1.3

1-Year Total Return ->

Stock-Card
Vaxart

A-Score: 3.1/10

Value: 8.2

Growth: 4.3

Quality: 4.8

Yield: 0.0

Momentum: 0.5

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Inovio Pharmaceuticals

A-Score: 1.9/10

Value: 6.4

Growth: 0.3

Quality: 3.2

Yield: 0.0

Momentum: 0.5

Volatility: 1.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

34.66$

Current Price

34.66$

Potential

-0.00%

Expected Cash-Flows