Diligence memo · auto-generated · as of July 2, 2026

Pelthos Therapeutics Inc.

Pelthos Therapeutics Inc. looks under-valued against its niche peers and is active on financing cadence.

SourceModeled below same-niche peers while still financing on rhythm — a potential mispricing worth a closer look.

Businessfiled

Pelthos Therapeutics Inc. operates in Pharmaceuticals, based in DURHAM.

Sub-sector tags: pharma.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Pelthos Therapeutics Inc. has raised $99M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).

Largest single filing: $50M on 2025-07-01.

Most recent recorded round closed around 2025-11-06.

Valuation (modeled)modeled

Provath models Pelthos Therapeutics Inc. at approximately $99M (range $58M–$124M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Under-valued. Modeled value is 0.66× the median modeled value of Series C Pharmaceuticals companies in 2025–2027 (26 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Historic cadence: a new round about every 5 months.

Last raise 8 mo ago; this sector typically re-raises about every 13 months.

Raising on or ahead of the sector's normal rhythm.

The last round was 2.8× smaller than the prior — a bridge or down round.

Comparablesmixed

Capital scale ranks ahead of 91% of Pharmaceuticals peers (1613 compared).

Modeled value ranks above 55% of those peers.

Closest niche peers: BlossomHill Therapeutics, Inc., Rivus Pharmaceuticals, Inc., Sparrow Pharmaceuticals, Inc., Arthrosi Therapeutics, Inc., Altesa BioSciences, Inc..

Peoplefiled

12 named people on file across officers, directors and signatories.

Risks & flagsmixed

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.