Mirna Therapeutics Priced, Nasdaq: MIRN

Developing microRNA replacement therapies for liver cancer.

Industry: Health Care

Latest Trade: $1.46 +0.02 (+1.4%)

First Day Return: +0.7%

Return from IPO: -79.4%

Industry: Health Care

We are a clinical-stage biopharmaceutical company developing a broad pipeline of microRNA-based oncology therapeutics. microRNAs are naturally occurring, short RNA molecules, or oligonucleotides, that play a critical role in regulating key biological pathways. Misexpression of even a single microRNA can contribute to disease development and tumor suppressor microRNAs are commonly reduced in cancer. Our scientists and others at leading academic institutions have identified numerous tumor suppressor microRNAs that play key roles in preventing normal cells from becoming cancerous and facilitating proper cancer immunosurveillance. We are developing mimics of naturally occurring microRNAs that are designed to restore this tumor suppressor activity and aid appropriate tumor immune response. This approach is known as microRNA replacement therapy. Our lead product candidate, MRX34, a mimic of naturally occurring microRNA-34 encapsulated in a liposomal nanoparticle formulation, is the first microRNA mimic to enter clinical development and has demonstrated clinical proof of concept as a single agent in our ongoing Phase 1 clinical trial. We believe that microRNA mimics represent a new paradigm in cancer therapy and have the potential to create a new, important class of effective cancer drugs, that can potentially be used alone or in combination with other cancer therapeutics. We plan to develop MRX34 as a monotherapy and in combination with other therapeutic modalities, such as targeted therapies and immuno-oncology agents.
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IPO News for Mirna Therapeutics
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IPO Data
IPO File Date 08/24/2015
Offer Price $7.00
Price Range $7.00 - $7.00
Offer Shares (mm) 6.3
Deal Size ($mm) $44
IPO Data
IPO Date 09/30/2015
Offer Price $7.00
Price Range $7.00 - $7.00
Offer Shares (mm) 6.3
Deal Size ($mm) $44
Underwriters
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Company Data
Headquarters Austin, TX
Founded 2007
Employees 24
Website www.mirnarx.com