Tenaya Therapeutics, Inc. TNYA

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
32/100
Developing

Ranked against 712 peers in Biotechnology

About Tenaya Therapeutics, Inc.

Tenaya Therapeutics, Inc., a clinical-stage biotechnology company, discovers, develops, and delivers therapies for heart disease in the United States. The company's lead product candidate includes TN-201, a gene therapy for myosin binding protein C3-associated hypertrophic cardiomyopathy that is in phase 2 clinical trial; TN-401, a gene therapy for plakophilin 2-associated arrhythmogenic right ventricular cardiomyopathy, which is in phase 1 clinical … Full TNYA analysis →

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.66), providing operational cushion.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.01), raising refinancing risk.
  • Weak or Negative Cash Flow Cash generation is weak (score 0.00), limiting financial flexibility.

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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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where TNYA ranks in Biotechnology

Tenaya Therapeutics, Inc. ranks #492 of 713 scored companies in Biotechnology by moat score — the top 69%. The widest moat in the group is Royalty Pharma plc (RPRX) at 85/100.

# Company Moat score Rating
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
492 Tenaya Therapeutics, Inc. TNYA 32/100 Developing
493 Galectin Therapeutics Inc. GALT 32/100 Developing
494 Quoin Pharmaceuticals, Ltd. QNRX 32/100 Developing
495 Seres Therapeutics, Inc. MCRB 32/100 Developing
496 Purple Biotech Ltd. PPBT 32/100 Developing

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

How TNYA 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 36 · 18% of the moat score

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

Resilience

Score 25 · 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 TNYA's moat

What is Tenaya Therapeutics, Inc.'s moat score?

Tenaya Therapeutics, Inc. (TNYA) scores 32 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #492 of 713 scored companies in Biotechnology, the top 69%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Capital Efficiency (36/100) and its weakest is Resilience (25/100).

How does Tenaya Therapeutics, Inc. compare with other Biotechnology companies?

Tenaya Therapeutics, Inc. ranks #492 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 ALX Oncology Holdings Inc. (ALXO) at 32 just above it and Galectin Therapeutics Inc. (GALT) 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 Tenaya Therapeutics, 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 Tenaya Therapeutics, Inc.?

The Corporate Default template measures 6 defenses, and TNYA scores: Pricing Power (not measurable), Cost Advantage (not measurable), Customer Stickiness (not measurable), Capital Efficiency (36), Resilience (25), 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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