No insider purchase over the last 90 days. The latest was filed 12 Jun 2025.
This page follows insider dealings at Eton Pharmaceuticals, Inc. as filed with SEC (Form 4), a company from the Healthcare & Pharma sector. From 18 October 2025 to 18 October 2026, the disclosure feed for Eton Pharmaceuticals, Inc. logged 53 filings by 12 insiders.
All open-market trades in the period are sales: 24 sales worth €20.5M, by 5 insiders, with no purchase on record. No amount is published for 1 filing, which the totals therefore leave out. Brynjelsen Sean filed the largest sale, €3.3M, on 29 May 2026, which represents 0.21% of the company's market value.
Typically, a trade is published a median of 1 day after it takes place. The legal deadline for a Form 4 is two business days after the transaction. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
With 53 filings in twelve months, the company is more active than the median of 19 filings across the 5,810 companies we follow on the same exchange. The full history, which starts in 2021, counts 8 purchases against 35 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 80.0 m USD and net income at -4.6 m USD.
For comparison within the same sector, see the insider buying recorded at Cooper Companies, Inc. and Cytosorbents Corp. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analysts rate Eton Pharmaceuticals, Inc. Strong Buy (bullish), based on 4 analysts. Average price target: US$71.00.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
25 of 73 declarations
Eton Pharmaceuticals, Inc. (ticker: ETON) is a U.S.-listed specialty pharmaceutical company traded on the NASDAQ in the United States. Headquartered in Deer Park, Illinois, Eton was incorporated in 2017 as a separate entity emerging from the Imprimis/Harrow Health ecosystem, and it originally focused on hospital injectables and rare-disease therapies. Its business model is built around acquiring, developing, and commercializing niche prescription products, often using the FDA 505(b)(2) pathway to bring differentiated therapies to market faster than a traditional de novo development program. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1710340/000161577418012575/s114004_424b4.htm?utm_source=openai))
Today, Eton positions itself as a rare-disease and ultra-rare-disease company with a portfolio that combines marketed products, licensing revenue, and late-stage development assets. The company’s marketed products include ALKINDI SPRINKLE, INCRELEX, KHINDIVI, HEMANGEOL, GALZIN, CARGLUMIC ACID, BETAINE, NITISINONE CAPSULES, PKU GOLIKE, and TYR GOLIKE. This breadth gives Eton a commercial base while also supporting a pipeline-driven growth story. The company’s revenue mix is therefore more diversified than that of a pure R&D biotech, but still concentrated in a relatively small set of specialty products. ([etonpharma.com](https://www.etonpharma.com/products/))
From a competitive standpoint, Eton is a small-cap specialist rather than a broad-based pharma platform. Its advantage lies in focus, regulatory agility, and the ability to identify under-served markets where a new formulation, a relaunch, or a rights acquisition can create value. At the same time, the company faces the typical risks of a niche pharmaceutical business: dependence on a limited number of products, regulatory timing risk, commercial execution risk, and pricing/reimbursement pressure. Eton’s current strategy reflects a blend of product acquisition, in-house development, and selective out-licensing, aimed at building a durable rare-disease franchise. ([etonpharma.com](https://www.etonpharma.com/products/))
Recent developments suggest meaningful momentum. In 2025, Eton reported continued sequential growth in product sales, moved GALZIN into its own commercial distribution infrastructure, submitted an NDA for ET-600, and out-licensed ex-U.S. rights to INCRELEX to Esteve Pharmaceuticals. The company also highlighted several expected product launches and additional late-stage programs. Its latest annual report confirms the company remains based in Deer Park, Illinois, and notes that Medicare exposure is limited because only a small portion of Eton’s products are prescribed to Medicare patients. For French, Belgian, and Swiss investors, ETON is therefore best viewed as a NASDAQ-listed United States specialty pharma company with a rare-disease focus, a modest commercial footprint, and a pipeline geared toward high-value niche indications. ([ir.etonpharma.com](https://ir.etonpharma.com/static-files/8bea9cbb-49a6-4242-8f74-af05c5036636))
Purchases our model currently ranks for the recommendations list.
All recommendations| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2025 | 80.0 m USD | -4.6 m USD | n.d. | 10-K |
| Dec 2024 | 39.0 m USD | -3.8 m USD | n.d. | 10-K |
| Dec 2023 | 31.6 m USD | -936,000 USD | n.d. | 10-K |
| Dec 2022 | 21.3 m USD | -9.0 m USD | n.d. | 10-K |
| Dec 2021 | 21.8 m USD | -2.0 m USD | n.d. | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.