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1. Company Snapshot

1.a. Company Description

Taysha Gene Therapies, Inc., a gene therapy company, focuses on developing and commercializing adeno-associated virus-based gene therapies for the treatment of monogenic diseases of the central nervous system.It primarily develops TSHA-120 for the treatment of giant axonal neuropathy; TSHA-102 for the treatment of Rett syndrome; TSHA-121 for the treatment of CLN1 disease; TSHA-118 for the treatment of CLN1 disease; TSHA-105 foe the treatment of for SLC13A5 Deficiency; and TSHA-101 for the treatment of GM2 gangliosidosis.Taysha Gene Therapies, Inc.


has a strategic partnership with The University of Texas Southwestern Medical Center to develop and commercialize transformative gene therapy treatments.The company was incorporated in 2019 and is based in Dallas, Texas.

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1.b. Last Insights on TSHA

Taysha Gene Therapies' recent performance was driven by several positive developments. The company reported a Q3 2025 loss and provided a corporate update, highlighting progress in its lead program, TSHA-102, for Rett syndrome. The FDA granted Breakthrough Therapy designation, and the company finalized alignment on the REVEAL pivotal trial protocol. Taysha also regained full rights to the TSHA-102 program, enabling strategic flexibility. Additionally, new supplemental data analysis from Part A of the REVEAL Phase 1/2 trials reinforced the broad impact of TSHA-102 on activities of daily living. Analysts rate the stock as "Moderate Buy" (MarketBeat).

1.c. Company Highlights

2. Taysha Gene Therapies' Q3 2025 Earnings: Progress in Rett Syndrome Treatment

Taysha Gene Therapies reported a net loss of $32.7 million for the third quarter of 2025, compared to a net loss of $25.5 million for the same period in 2024. Research and development expenses were $25.7 million, up from $14.9 million in the third quarter of 2024. The company's cash and cash equivalents stood at $297.3 million as of September 30, 2025, expected to support planned operating expenses and capital requirements into 2028. The actual EPS came in at -$0.09, in line with estimates. The company's financial performance is characterized by significant R&D expenses, which is typical for a biotech firm in the development stage.

Publication Date: Nov -26

📋 Highlights
  • Breakthrough Therapy Designation:: FDA granted TSHA-102 for Rett syndrome, enabling expedited development and review.
  • Regulatory Alignment:: Finalized REVEAL trial protocol and statistical analysis plan with FDA, confirming no outstanding questions.
  • Clinical Milestones:: 100% of Part A patients achieved ≥1 developmental milestone, with supplemental data showing additional skill gains.
  • Financials:: Q3 2025 net loss $32.7M vs $25.5M in 2024; $297.3M in cash, supporting operations through 2028.
  • BLA Acceleration:: Potential 6-month interim analysis could fast-track BLA submission by 2 quarters, with 15-patient pivotal trial enrollment underway.

Clinical Progress and Regulatory Updates

Taysha made significant progress in its TSHA-102 Rett syndrome program, including FDA Breakthrough Therapy designation, alignment with the FDA on the REVEAL pivotal trial protocol, and statistical analysis plan. The company is enrolling 15 patients in the developmental plateau population of Rett syndrome, with a primary endpoint of response rate. According to Sean Nolan, "with Breakthrough Therapy designation and finalized FDA alignment, Taysha is entering the pivotal phase of development with focus and confidence in its ability to redefine the treatment landscape for Rett syndrome while driving long-term value."

Valuation and Growth Prospects

The company's valuation metrics indicate a high level of investment in its growth prospects. The P/S Ratio stands at 165.75, and the EV/EBITDA is -7.63, reflecting the market's expectations for future growth. Analysts estimate next year's revenue growth at -30.0%, indicating a decline in revenue. The ROE and ROIC are also negative, at -67.26% and -35.47%, respectively, highlighting the company's current unprofitability.

Future Plans and Expectations

Taysha plans to accelerate patient enrollment in the pivotal trial by staggering parallel sites, potentially shortening the submission timeline for the Biologics License Application (BLA). The company expects to provide updates on long-term data in the first half of next year, focusing on the full cohort of 12 patients at 12 months and the safety profile. The enrollment for the pivotal trial is expected to begin in the middle of 2026.

3. NewsRoom

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Sukumar Nagendran Sells 260,047 Shares of Taysha Gene Therapies (NASDAQ:TSHA) Stock

Dec -03

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Taysha Gene Therapies, Inc. (TSHA) Q3 2025 Earnings Call Transcript

Nov -04

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Taysha Gene Therapies Reports Third Quarter 2025 Financial Results and Provides Corporate Update

Nov -04

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Taysha Gene Therapies to Release Third Quarter 2025 Financial Results and Host Conference Call and Webcast on November 4

Oct -28

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Taysha Gene Therapies (NASDAQ:TSHA) Trading Up 9.1% – Time to Buy?

Oct -22

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Taysha Gene Therapies, Inc. (NASDAQ:TSHA) Given Average Rating of “Moderate Buy” by Analysts

Oct -22

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Taysha Gene Therapies Regains Full Rights to Lead TSHA-102 Program in Clinical Evaluation for the Treatment of Rett Syndrome

Oct -16

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Taysha Gene Therapies Presents New Supplemental Data Analysis from Part A of the REVEAL Phase 1/2 Trials for TSHA-102 in Rett Syndrome at the 54th CNS Annual Meeting

Oct -09

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.40%)

6. Segments

Adeno-Associated Viruses-based Gene Therapies

Expected Growth: 12.4%

Growing demand for gene therapies, increasing prevalence of genetic diseases, and advancements in AAV vector technology are driving the growth of Adeno-Associated Viruses-based Gene Therapies market.

7. Detailed Products

TSHA-101

Gene therapy for the treatment of Giant Axonal Neuropathy (GAN), a rare and debilitating genetic disorder that affects the nerve cells.

TSHA-102

Gene therapy for the treatment of Charcot-Marie-Tooth disease (CMT), a group of inherited disorders that affect the peripheral nerves.

TSHA-103

Gene therapy for the treatment of Rett syndrome, a rare genetic disorder that affects brain development and function.

TSHA-104

Gene therapy for the treatment of Friedreich's ataxia, a rare inherited disorder that affects the nervous system and causes progressive damage to the cerebellum.

8. Taysha Gene Therapies, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Taysha Gene Therapies, Inc. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to ongoing research and development in the gene therapy space.

Bargaining Power Of Customers

Taysha Gene Therapies, Inc. has a diverse customer base, and no single customer has significant bargaining power, reducing the threat of customer bargaining power.

Bargaining Power Of Suppliers

Taysha Gene Therapies, Inc. relies on a few key suppliers for raw materials and equipment, giving them some bargaining power, but the company's strong relationships and diversification efforts mitigate this threat.

Threat Of New Entrants

The gene therapy market is rapidly growing, and new entrants are attracted to the market, increasing the threat of new entrants and competition for Taysha Gene Therapies, Inc.

Intensity Of Rivalry

The gene therapy market is highly competitive, with several established players and new entrants, leading to a high intensity of rivalry for Taysha Gene Therapies, Inc.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 36.00%
Debt Cost 5.67%
Equity Weight 64.00%
Equity Cost 5.67%
WACC 5.67%
Leverage 56.25%

11. Quality Control: Taysha Gene Therapies, Inc. passed 2 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
aTyr Pharma

A-Score: 4.6/10

Value: 7.6

Growth: 6.4

Quality: 6.8

Yield: 0.0

Momentum: 5.0

Volatility: 1.7

1-Year Total Return ->

Stock-Card
Veracyte

A-Score: 4.3/10

Value: 1.2

Growth: 8.4

Quality: 6.4

Yield: 0.0

Momentum: 6.0

Volatility: 3.7

1-Year Total Return ->

Stock-Card
Taysha Gene Therapies

A-Score: 4.2/10

Value: 6.2

Growth: 4.9

Quality: 4.2

Yield: 0.0

Momentum: 9.0

Volatility: 0.7

1-Year Total Return ->

Stock-Card
Verrica Pharmaceuticals

A-Score: 3.4/10

Value: 9.0

Growth: 3.7

Quality: 6.0

Yield: 0.0

Momentum: 0.5

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Alector

A-Score: 2.8/10

Value: 7.8

Growth: 3.7

Quality: 3.7

Yield: 0.0

Momentum: 1.0

Volatility: 0.7

1-Year Total Return ->

Stock-Card
Recursion Pharmaceuticals

A-Score: 2.8/10

Value: 6.8

Growth: 3.9

Quality: 3.4

Yield: 0.0

Momentum: 2.0

Volatility: 0.7

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

5.13$

Current Price

5.13$

Potential

-0.00%

Expected Cash-Flows