Aperture Biotech | Substack
Aperture Biotech
Quantitative research on small-cap biotech stocks
By Quantitative Biotech Investing
· Launched a year ago
2026 Biotech M&A By the Numbers
A full breakdown of 46 acquisitions this year, and what the data says about how the market is pricing biotech risk
18 hrs ago·Aperture Biotech
Trading the Odds on AXSM's Rare 95% Probability FDA Decision
A profitable commercial biotech with a label expansion catalyst Thursday
Apr 28·Aperture Biotech
This Week in Biotech - 2 FDA Decisions & 3 Earnings
The week ahead in catalysts, readouts, and what is worth watching
Apr 27·Aperture Biotech
Trading the Odds Behind Tomorrow's NTLA Phase 3 Data Readout
Phase 1/2 data, short interest, options positioning, and the math on what positive data means
Apr 26·Aperture Biotech
A Profitable Biotech Just Hit Rock Bottom With Three FDA Dates This Year
you can't get much more stacked than this
Apr 24·Aperture Biotech
The Cancer Biotech Trading at $49M With $47M in Cash
When the cash nearly equals the market cap, you are getting the drug for almost nothing.
Apr 23·Aperture Biotech
CNTX: Three Cancer Drugs And Only $148M Enterprise Value
A 15-person company with $66 million in cash and a June data readout that could change everything.
Apr 20·Aperture Biotech
Subscribers Asked, I'm Answering: 4 Tickers Under the Microscope
A new deep dive series built entirely from your requests.
Apr 16·Aperture Biotech
Aperture Biotech
Quantitative research on small-cap biotech stocks