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Catalysts

A catalyst is an event that can change what a company is worth — a trial result, an approval decision, a merger, a big contract. The Catalysts board collects the upcoming ones, reads the company’s own filings and releases, and tells you what’s pending, when, and how much it could matter.

Company filesthe paperworkTodayreview under wayExpected decisionthe catalyst dateHIGH IMPACT
A typical path: a filing sets things in motion, a review runs, and a decision lands on a date.

Reading a row

  • Catalyst — the event in a plain sentence, with tags for its type and outlook (▲ Positive, ▼ Risk, ● Neutral). Pending means it hasn’t happened yet.
  • Impact — High, Medium or Low: how big and how concrete the event is for a company of that size. It says nothing about timing or which way the stock will move.
  • Timeline — when the event is expected. A plain period (“Q3 2026”) is the company’s own word; a “~” means it’s our estimate from the filing’s text. Past due means the stated date passed with no news; No date means the company never gave one; Ongoing is work in progress, like a trial still enrolling.
  • Delayed ×N — the company has pushed this date back before — treat it with caution.

The detail panel

Click a row to open it: the company in a sentence, the main catalyst with its source, other events still in play, and the history of what already happened. It also shows the company’s dilution picture and cash runway — see the risk gauges guide for how to read them.

Biotech

The Biotech view lists every pending drug and device event as its own row — one company can appear several times, once per program. The stage rail shows how far the program has come (from preclinical to approval) and its next step: planned, enrolling, data pending, under review, or gated (waiting on a partner or money). Where there’s a registered trial, the public registry’s date sits under the company’s as a second opinion, with a link to the study.

Filters and saved views

More filters narrows by market cap, float, timeline, industry, keyword or — on Biotech — type, stage and next step. Save filters keeps a set under Catalysts in the sidebar; two starter views (small and larger companies) are there from day one.

Good to know
Catalysts cut both ways: an approval can double a stock, a rejection can halve it. The board tells you when the coin flips — never which side it lands on.