NewAmsterdam Pharma is a pre-profitability biotech with a single pipeline asset in obicetrapib and analysts seeing 64% upside, but the stock is in a technical falling-knife pattern with RSI at 25, 2 of 4 recent earnings misses, and cash burning at 260% of revenue — making the risk profile extremely asymmetric in both directions.
Thesis pillars
- Single Asset Obicetrapib Concentration→Stable
- Cash Burn And Solvency Risk→Stable
- High Analyst Upside Target Conviction→Stable
- +1 more pillar — see the Why tab for full reasoning
NewAmsterdam Pharma Company N.V (NAMS) Stock Analysis
Healthcare · Biotechnology
Sell if holding. Engine safety override at $34.83: Quality below floor (3.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.3/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality.
NewAmsterdam Pharma is a clinical-stage biopharmaceutical company developing obicetrapib, an oral CETP inhibitor for LDL-C lowering, targeting patients with ASCVD and/or HeFH inadequately treated by existing therapies. The company has no approved products and reported a net loss... Read more
Sell if holding. Engine safety override at $34.83: Quality below floor (3.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.3/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.3/10, moderate confidence.
Passes 7/8 gates (positive momentum, favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 33d clear, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.
About NewAmsterdam Pharma Company N.V
About NewAmsterdam Pharma Company N.V
NewAmsterdam Pharma's entire value proposition rests on a single compound: obicetrapib, an oral CETP inhibitor targeting LDL-C reduction in patients with ASCVD and/or HeFH. Three pivotal Phase 3 trials completed between July 2024 and November 2024—BROADWAY (over 2,500 randomized patients), BROOKLYN (over 350 patients), and TANDEM—each met their primary endpoints. The company reported a net loss of $203.8 million for the year ended December 31, 2025, with an accumulated deficit of $762.4 million and $728.9 million in cash and marketable securities.
NewAmsterdam Pharma generates no product revenue; all operations are funded through equity and debt. The company has partnered with Menarini to commercialize obicetrapib in the majority of European countries, contingent on regulatory approval. In August 2025, the EMA accepted for review Marketing Authorization Applications submitted by Menarini for obicetrapib monotherapy and the fixed-dose combination with ezetimibe, with regulatory decisions anticipated in the second half of 2026. The company plans to pursue FDA approval independently in the United States, relying on third-party manufacturers for supply. A fourth Phase 3 program—PREVAIL, a cardiovascular outcomes trial enrolling at least 9,000 patients—completed enrollment in April 2024 and cannot conclude before the end of 2026 at the earliest, depending on MACE event accrual. The company also commenced a Phase 2a trial evaluating obicetrapib in early Alzheimer's disease patients carrying the ApoE4 variant, with initial data announced in September 2023.
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The PREVAIL CVOT constitutes the dominant binary risk in NewAmsterdam Pharma's development timeline. While obicetrapib met its primary endpoints in BROADWAY, BROOKLYN, and TANDEM, PREVAIL must accumulate a specified number of MACE events before the trial concludes—meaning results may extend well beyond the end of 2026 depending on event accrual rates. If PREVAIL produces negative or inconclusive results, regulators may require further trials before granting NDA approval. The company's entire revenue-generating capacity depends on obicetrapib's approval, as it has no other clinical programs approaching commercialization.
See also: Healthcare · Biotechnology
From NewAmsterdam Pharma Company N.V's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-07-06Recent Developments — NewAmsterdam Pharma Company N.V
Latest news
- NEWS RBC Capital Maintains Outperform on NewAmsterdam Pharma Co, Raises Price Target to $51 — benzinga Jun 30, 2026 positive
- NEWS Monster Beverage, Westrock Coffee, Himax Technologies And Other Big Stocks Moving Higher On Friday — benzinga May 8, 2026 neutral
- NEWS NewAmsterdam Pharma Q1 EPS $(0.40) Beats $(0.47) Estimate, Sales $3.040M Beat $936.364K Estimate — benzinga May 7, 2026 positive
Generated 2026-07-06T06:50:34Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHpipelineobicetrapib10-K Item 1A: 'We are dependent on the success of our only product candidate, obicetrapib'
Material Events(8-K, last 90d)
- 2026-06-03Item 5.02LOWShareholders approved the NewAmsterdam Pharma 2026 Employee Stock Purchase Plan (ESPP) at the June 2, 2026 annual general meeting. Eligible employees may purchase ordinary shares at a discount via payroll deductions over six-month purchase periods.SEC filing →
- 2026-04-24Item 5.02MEDIUMLouise Kooij, Chief Accounting Officer, agreed to depart effective August 31, 2026. Per separation agreement, Kooij will receive 12 months base salary, pro-rated 2026 bonus, and extended equity vesting through January 10, 2027. No successor named.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
4 floor-breakers
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $34.83: Quality below floor (3.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.3/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $32.39. Score 5.3/10, moderate confidence.
Take-profit target: $43.29 (+24.3% upside). Prior stop was $32.39. Stop-loss: $32.39.
Concentration risk — Pipeline: obicetrapib; Quality below floor (3.4 < 4.0).
NewAmsterdam Pharma Company N.V trades at a P/E of N/A (forward -27.4). TrendMatrix value score: 7.5/10. Verdict: Sell.
22 analysts cover NAMS with a consensus score of 4.3/5. Average price target: $50.
What does NewAmsterdam Pharma Company N.V do?NewAmsterdam Pharma is a clinical-stage biopharmaceutical company developing obicetrapib, an oral CETP inhibitor for...
NewAmsterdam Pharma is a clinical-stage biopharmaceutical company developing obicetrapib, an oral CETP inhibitor for LDL-C lowering, targeting patients with ASCVD and/or HeFH inadequately treated by existing therapies. The company has no approved products and reported a net loss of $203.8 million for the year ended December 31, 2025, with $728.9 million in cash. Menarini holds exclusive commercialization rights in most European countries if obicetrapib is approved.