Nabriva Therapeutics Priced, Nasdaq: NBRV

Developing a novel antibiotic for bacterial pneumonia.

Industry: Health Care

Latest Trade: $10.10 0.00 (0.0%)

First Day Return: +29.2%

Return from IPO: -1.5%

Industry: Health Care

We are a clinical stage biopharmaceutical company engaged in the research and development of novel anti-infective agents to treat serious infections, with a focus on the pleuromutilin class of antibiotics. We are developing our lead product candidate, lefamulin, to be the first pleuromutilin antibiotic available for systemic administration in humans. We are developing both intravenous and oral formulations of lefamulin for the treatment of community-acquired bacterial pneumonia and intend to develop lefamulin for additional indications other than pneumonia. We are preparing to initiate two pivotal, international Phase 3 clinical trials of lefamulin for the treatment of moderate to severe CABP. These will be the first clinical trials we have conducted with lefamulin for the treatment of CABP. We plan to initiate the first of these trials in the fall of 2015 and the second trial in the first half of 2016. Based on our expectations regarding initiation of these trials and our estimates regarding patient enrollment, we expect to have top-line data available for both trials in late 2017. If the results of these trials are favorable, including achievement of the primary efficacy endpoints of the trials, we expect to submit applications for marketing approval for lefamulin for the treatment of CABP in both the United States and Europe in 2018.
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IPO News for Nabriva Therapeutics
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IPO Data
IPO File Date 06/18/2015
Offer Price $10.25
Price Range $10.50 - $10.50
Offer Shares (mm) 9.0
Deal Size ($mm) $92
IPO Data
IPO Date 09/17/2015
Offer Price $10.25
Price Range $10.50 - $10.50
Offer Shares (mm) 9.0
Deal Size ($mm) $92
Underwriters
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Company Data
Headquarters Vienna, Austria
Founded 2005
Employees 41
Website www.nabriva.com