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Smart Investors Daily
TR

NASDAQ · TRML

Tourmaline Bio, Inc.

Healthcare · Biotechnology

$47.98

Up+$0.00 (+0.00%)

Updated Oct 6, 2026, 11:49 PM

SID Score

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Composite research score

Smart Money

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Institutional and insider signal

Market cap
1.23B
P/E ratio
-13.97
Dividend yield
0.00%
52-week range
$13.27 – $48.27
Volume
783.73K
Avg. volume
925.78K

Price performance · TRML

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Overview

Company profile and research snapshot.

Company profile

Tourmaline Bio, Inc. operates as a clinical biotechnology company that develops medicines for patients with life-altering immune diseases. It develops medicines and therapies for the Atherosclerotic cardiovascular disease (ASCVD) and Thyroid Eye Disease (TED). The company was incorporated in 2021 and is based in New York, New York.

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Analyst outlook

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Consensus
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Average target
$47.90
Implied upside
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Analysts
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TRML recent ratings
DateFirmRatingTarget
Sep 15, 2025BMO CapitalMarket Perform—
Sep 11, 2025Piper SandlerNeutral—
Sep 10, 2025GuggenheimNeutral—
Sep 10, 2025Truist SecuritiesHold—
Sep 10, 2025Chardan CapitalNeutral—
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globenewswire.com · Oct 28, 2025

Novartis completes acquisition of Tourmaline Bio

Basel, October 28, 2025 - Novartis today announced that it has successfully completed its acquisition of Tourmaline Bio, Inc. (“Tourmaline”). With the completion of the acquisition, shares of common stock, par value $0.0001 per share (the “Shares”), of Tourmaline, have ceased trading on the Nasdaq Stock Market LLC and Tourmaline is now an indirect wholly owned subsidiary of Novartis.

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