Cynapsus Therapeutics Priced, Nasdaq: CYNA

Developing an easier-to-use formulation of apomorphine for Parkinson's disease.

Industry: Health Care

Latest Trade: $40.48 +0.00 (+0.0%)

First Day Return: +4.6%

Return from IPO: +189.1%

Industry: Health Care

We are a specialty CNS pharmaceutical company developing and preparing to commercialize a Phase 3, fast-acting, easy-to-use, sublingual thin film for the on-demand turning ON of debilitating OFF episodes associated with PD. PD is a chronic, progressive neurodegenerative disease characterized by motor symptoms including tremor at rest, rigidity and impaired movement as well as significant non-motor symptoms such as cognitive impairment and mood disorders. The re-emergence of PD symptoms is referred to as an OFF episode. We recently successfully completed a Phase 2 clinical trial for our product candidate, APL-130277, a sublingual formulation of apomorphine hydrochloride, or apomorphine. Apomorphine is the only molecule approved for acute, intermittent treatment of OFF episodes for advanced PD patients, but is currently only approved as a subcutaneous injection in the United States. APL-130277 is a “turning ON” medication designed to rapidly, safely and reliably convert a PD patient from the OFF to the ON state while avoiding many of the issues associated with subcutaneous delivery of apomorphine. It is designed to convert all types of OFF episodes, including morning OFF episodes, often considered the most difficult to treat. We have initiated our Phase 3 clinical program for APL-130277, relying on the abbreviated Section 505b2 regulatory pathway in the United States, and we intend to submit an NDA in 2016.
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IPO News for Cynapsus Therapeutics
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IPO Data
IPO File Date 05/15/2015
Offer Price $14.00
Price Range $14.60 - $14.60
Offer Shares (mm) 4.5
Deal Size ($mm) $63
IPO Data
IPO Date 06/17/2015
Offer Price $14.00
Price Range $14.60 - $14.60
Offer Shares (mm) 4.5
Deal Size ($mm) $63
Underwriters
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Company Data
Headquarters Toronto, Canada
Founded 2004
Employees 17
Website www.cynapsustherapeutics.com