Stock Markets January 27, 2026

Omeros Begins Commercial Shipments of YARTEMLEA; Shares Tick Higher

First distributor shipments complete as transplant centers start placing orders for the newly approved TA-TMA therapy

By Nina Shah OMER
Omeros Begins Commercial Shipments of YARTEMLEA; Shares Tick Higher
OMER

Omeros Corporation's stock edged up after the company said it has completed first commercial shipments of YARTEMLEA (narsoplimab-wuug) to distributors and that transplant centers are beginning to place orders. The therapy, approved by the FDA for adults and children aged two and above, is now being administered to both adult and pediatric patients with stem cell transplant-associated thrombotic microangiopathy in hospital and outpatient settings.

Key Points

  • Omeros shares rose 3.1% after the company completed its first commercial shipments of YARTEMLEA to distributors and transplant centers began ordering.
  • YARTEMLEA (narsoplimab-wuug) is the first and only FDA-approved therapy for TA-TMA, approved December 23, 2025, for adults and children aged two and older.
  • The drug selectively inhibits MASP-2 in the lectin pathway while preserving classical and alternative complement functions; a European marketing authorization decision is expected in mid-2026.

Omeros Corporation (NASDAQ:OMER) shares rose 3.1% on Tuesday following the company's announcement that it has finished initial commercial shipments of YARTEMLEA (narsoplimab-wuug) to distributors, with transplant centers initiating orders immediately.

The company reported that both adult and pediatric patients suffering from stem cell transplant-associated thrombotic microangiopathy - TA-TMA - are now receiving YARTEMLEA in clinical settings. Treatment is being delivered in hospitals as well as outpatient facilities, and includes patients who recently failed prior off-label C5-inhibitor regimens, according to the company.

YARTEMLEA holds the distinction of being the first and only therapy approved by the U.S. Food and Drug Administration specifically for TA-TMA. The approval was granted on December 23, 2025, for use in adults and children two years of age and older.

The drug's mechanism targets MASP-2, the effector enzyme of the lectin pathway of the complement system. By selectively inhibiting MASP-2, YARTEMLEA blocks activation of the lectin pathway while preserving the classical and alternative complement functions that play a role in defending against infection.

TA-TMA can develop after both autologous and allogeneic hematopoietic stem cell transplantation, with a higher observed prevalence following allogeneic transplants. The company noted that about 30,000 allogeneic transplants are performed each year in the United States and Europe, and cited recent studies estimating that TA-TMA develops in up to 56% of allogeneic transplant recipients.

Omeros also disclosed that a marketing authorization application for YARTEMLEA is under review by the European Medicines Agency, with a regulatory decision expected in mid-2026.


Context and immediate developments

  • Initial commercial shipments to distributors have been completed and transplant centers have begun placing orders.
  • Administration is underway for both adult and pediatric patients, including cases that did not respond to prior off-label C5-inhibitor treatment.
  • Regulatory progress continues in Europe with an EMA decision anticipated in mid-2026.

This represents the transition from regulatory approval to early commercial availability for a therapy addressing a potentially fatal complication of stem cell transplantation. Details on the scale of the rollout beyond the initial shipments were not provided in the announcement.

Risks

  • Regulatory outcome in Europe remains pending - the marketing authorization application before the European Medicines Agency is under review with a decision expected in mid-2026.
  • Prevalence estimates for TA-TMA vary - recent studies cited by the company estimate TA-TMA develops in up to 56% of allogeneic transplant recipients, indicating variability in patient population size.
  • Scale and pace of commercial rollout are not quantified in the announcement - the company confirmed initial shipments but did not provide further details on the broader distribution timeline or volume.

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