Larimar Therapeutics, Inc.
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
About Larimar Therapeutics
Pharmaceutical Preparations, SIC 2834
The company is a clinical-stage biotechnology firm focused on developing novel treatments for patients suffering from complex, rare, and progressive genetic conditions. Its proprietary cell-penetrating peptide platform enables therapeutic molecules to traverse cellular and organellar membranes to deliver essential proteins to intracellular targets. The firm's lead investigational biologic candidate, nomlabofusp, delivers frataxin into mitochondria to address the underlying cellular deficit in individuals diagnosed with Friedreich's ataxia. Beyond its primary program, the organization works to apply its protein replacement platform across other rare orphan diseases caused by intracellular protein deficiencies.
The company engages with regulatory authorities and conducts research activities internationally. Its clinical programs and planned regulatory filings involve clinical trial sites and health agencies across the United States, the European Union, the United Kingdom, Canada, and Australia. The provided text does not disclose the location of the company's corporate headquarters, nor does it state specific physical facility counts or retail footprints.
Summary of the business section of Larimar Therapeutics's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Larimar Therapeutics, Inc.
- Founded
- 2005
- Headquarters
- Bala Cynwyd, PA
- Address
- Three Bala Plaza East. Suite 506 19004
- Phone
- (844) 511-9056
- Website
- www.zafgen.com
- Employees
- 71, Dec 31, 2025
- Industry
- Pharmaceutical Preparations
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Philadelphia, Pennsylvania, USA
Stock & identifiers
- Ticker
- LRMR
- Exchange
- Nasdaq
- IPO date
- Jun 19, 2014
- Shares outstanding
- 104M, Aug 2, 2026
- Public float
- $94.67M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 1374690
- CUSIP
- 517125100
- ISIN
- US5171251003
- LEI
- 529900NCBZHTTJV6HX73
- EIN
- 20-3857670
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Carole Ben-Maimon | President and CEO, Director | 399,432 |
| Michael Celano | Chief Financial Officer | 215,785 |
| Russell Clayton | Chief Medical Officer | 71,443 |
| Gopi Shankar | Chief Development Officer | 76,443 |
| Thomas Edward Hamilton | Director | 874,231 |
| Joseph Truitt | Director | 2,750 |
| James E. Flynn | Director | – |
| Deerfield Management Company, L.P. | Director | 1,714,104 |
| Frank E. Thomas | Director | 7,000 |
| Jonathan S. Leff | Director | – |
| Jeffrey W. Sherman | Director | 5,000 |
| Deerfield Mgmt HIF, L.P. | Director | 35,606,974 |
| Deerfield Healthcare Innovations Fund, L.P. | Director | – |
| Mgmt L.P. Deerfield | Director | 24,009,751 |
| Deerfield Mgmt IV, L.P. | Director | 5,830,249 |
| Deerfield Private Design Fund IV, L.P. | Director | – |
| Deerfield Partners, L.P. | Director | – |
| Deerfield Mgmt III, L.P. | Director | – |
| Deerfield Private Design Fund III, L.P. | Director | – |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Dr. Ben-Maimon | $3.53M | $2.14M | $1.50M | $36 | – |
| FY2024 Dr. Ben-Maimon | $2.51M | $2.44M | $1.27M | $36 | – |
| FY2023 Dr. Ben-Maimon | $3.14M | $3.26M | $1.40M | $42 | – |
| FY2022 Dr. Ben-Maimon | $2.13M | -$437.29K | $1.13M | $38 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 71 full-time employees in the United States, of which 55 are directly engaged in research and development with the rest providing administrative, business, commercial and operations support.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 2, 2020 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 19, 2020 | Name change | Name changed from ZAFGEN, INC. to Larimar Therapeutics, Inc. |
| Apr 29, 2020 | Merger vote | Definitive merger proxy statement |
| Apr 24, 2020 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Sep 19, 2019 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jun 19, 2014 | IPO | Initial public offering priced (424B4 prospectus) |
| Jun 18, 2014 | Listing | Registration of securities on an exchange (Form 8-A) |