Chiasma Priced, Nasdaq: CHMA

Biotech developing oral therapies for orphan diseases only treated by injections.

Industry: Health Care

Latest Trade: $1.43 0.00 (0.0%)

First Day Return: +25.0%

Return from IPO: -91.1%

Industry: Health Care

We are a late-stage biopharmaceutical company focused on improving the lives of patients suffering from orphan diseases by developing and commercializing novel oral forms of therapies that are available today only by injection. Using our proprietary Transient Permeability Enhancer, or TPE, technology platform, we seek to develop oral therapies that eliminate the significant limitations and burdens generally associated with existing injectable therapies. We have completed a multinational Phase 3 clinical trial of our most advanced TPE platform-based product candidate, oral octreotide, for the treatment of acromegaly. We believe oral octreotide, if approved by regulatory authorities, will be the first somatostatin analog available for oral administration. Our oral octreotide has been granted orphan designation in the United States and the European Union for the treatment of acromegaly. We submitted an NDA on June 15, 2015, seeking approval for the marketing and sale of oral octreotide for the maintenance therapy of adult patients with acromegaly. We anticipate a regulatory decision on marketing approval in April 2016. In light of our clinical data and feedback from patients and healthcare providers, we believe that oral octreotide, if approved, could become a new standard of care in acromegaly.
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IPO News for Chiasma
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IPO Data
IPO File Date 06/15/2015
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 6.4
Deal Size ($mm) $102
IPO Data
IPO Date 07/15/2015
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 6.4
Deal Size ($mm) $102
Underwriters
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Company Data
Headquarters Newton, MA
Founded 2001
Employees 13
Website www.chiasmapharma.com