Renaissance Capital logo

ArriVent Biopharma Priced, Nasdaq: AVBP

Phase 3 biotech developing a novel kinase inhibitor for EGFR-mutated lung cancer.

Industry: Health Care

Latest Trade: $17.24 +0.01 (+0.1%)

First Day Return: +11.1%

Return from IPO: -4.3%

Industry: Health Care

We are a clinical-stage biopharmaceutical company dedicated to the identification, development and commercialization of differentiated medicines to address the unmet medical needs of patients with cancers. We seek to utilize our team’s deep drug development experience to maximize the potential of our lead development candidate, furmonertinib, and advance a pipeline of novel therapeutics, such as next-generation antibody drug conjugates, through approval and commercialization in patients suffering from cancer, with an initial focus on solid tumors. Furmonertinib is an investigational, novel, EGFR mutant-selective tyrosine kinase inhibitor (TKI) that we are developing for the treatment of NSCLC patients across a broader set of EGFR mutations (EGFRm) than are currently served by approved EGFR TKIs. Furmonertinib is currently being evaluated in multiple clinical trials across a range of epidermal growth factor receptor (EGFR) mutations (EGFRm) in non-small cell lung cancer (NSCLC), including a pivotal Phase 3 clinical trial in treatment naive, or first-line, patients with locally advanced or metastatic EGFRm NSCLC with exon 20 insertion mutations. We received Breakthrough Therapy Designation for furmonertinib for the treatment of this disease from the U.S. Food and Drug Administration (FDA) in October 2023.
more less
IPO Data
IPO File Date 01/05/2024
Offer Price $18.00
Price Range $17.00 - $19.00
Offer Shares (mm) 9.7
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/25/2024
Offer Price $18.00
Price Range $17.00 - $19.00
Offer Shares (mm) 9.7
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Jefferies
more
Company Data
Headquarters Newtown Square, PA, United States
Founded 2021
Employees 40
Website arrivent.com

ArriVent Biopharma (AVBP) Performance