Athira Pharma, Inc. ATHA

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
32/100
Developing

About Athira Pharma, Inc.

Athira Pharma, Inc., clinical-stage biopharmaceutical company, focuses on developing small molecules to restore neuronal health and slow neurodegradation. Its product pipeline includes ATH-1105 for the treatment of amyotrophic lateral sclerosis, which is in phase 1 clinical trial; ATH-1020 for the treatment of neurodegenerative diseases, which is phase 1 clinical trial, as well as early compounds which is in preclinical phase. … Full ATHA analysis →

Competitive advantage assessment

Key risks

  • ROIC Below WACC or Peers ROIC at 12.3th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Insufficient Data
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Where ATHA ranks in Biotechnology

Athira Pharma, Inc. ranks #487 of 713 scored companies in Biotechnology by moat score — the top 68%. The widest moat in the group is Royalty Pharma plc (RPRX) at 85/100.

Moat scores for companies ranked near ATHA in Biotechnology
# Company Moat score Rating
483 Innate Pharma S.A. IPHA 32/100 Developing
484 Inventiva S.A. - American Depos IVA 32/100 Developing
485 Roivant Sciences Ltd. ROIV 32/100 Developing
486 Aprea Therapeutics, Inc. APRE 32/100 Developing
487 Athira Pharma, Inc. ATHA 32/100 Developing
488 Lipella Pharmaceuticals Inc. LIPO 32/100 Developing
489 Sana Biotechnology, Inc. SANA 32/100 Developing
490 Absci Corporation ABSI 32/100 Developing
491 ALX Oncology Holdings Inc. ALXO 32/100 Developing

See every Biotech / Pre-Revenue company ranked by moat score →

How ATHA scores on the Corporate Default defenses

Pricing Power

Not measurable · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Not measurable · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Not measurable · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 27 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 47 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Not measurable · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ATHA's moat

What is Athira Pharma, Inc.'s moat score?

Athira Pharma, Inc. (ATHA) scores 32 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #487 of 713 scored companies in Biotechnology, the top 68%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Resilience (47/100) and its weakest is Capital Efficiency (27/100).

How does Athira Pharma, Inc. compare with other Biotechnology companies?

Athira Pharma, Inc. ranks #487 of 713 scored companies in Biotechnology by moat score. The widest moat in Biotechnology is Royalty Pharma plc (RPRX) at 85/100. The companies ranked closest are Aprea Therapeutics, Inc. (APRE) at 32 just above it and Lipella Pharmaceuticals Inc. (LIPO) at 32 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 712 companies in Biotechnology. The defenses are then weighted to produce the overall score out of 100.

Why is Athira Pharma, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Athira Pharma, Inc.?

The Corporate Default template measures 6 defenses, and ATHA scores: Pricing Power (not measurable), Cost Advantage (not measurable), Customer Stickiness (not measurable), Capital Efficiency (27), Resilience (47), Scale & Market Position (not measurable). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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