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Edgewise Therapeutics Priced, Nasdaq: EWTX

Phase 1 biotech developing small molecule therapies for rare muscle disorders.

Industry: Health Care

Latest Trade: $17.94 0.00 (0.0%)

First Day Return: +87.5%

Return from IPO: +12.1%

Industry: Health Care

At Edgewise, patients are at the core of everything we do. In less than four years, we have matured into a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of innovative treatments for severe, rare muscle disorders for which there is significant unmet medical need. Guided by our holistic drug discovery approach to targeting the muscle as an organ, we have combined our foundational expertise in muscle biology and small molecule engineering to build our proprietary, muscle focused drug discovery platform. Our platform utilizes custom-built high throughput and translatable systems that measure integrated muscle function in whole organ extracts to identify small molecule precision medicines regulating key proteins in muscle tissue, initially focused on addressing rare neuromuscular and cardiac diseases. Our lead candidate, EDG-5506, is an orally administered allosteric, selective, fast myofiber (type II) myosin small molecule inhibitor designed to address the root cause of dystrophinopathies including Duchenne muscular dystrophy (DMD) and Becker muscular dystrophy (BMD), and is currently in a Phase 1 clinical trial.
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IPO Data
IPO File Date 03/05/2021
Offer Price $16.00
Price Range $14.00 - $16.00
Offer Shares (mm) 11.0
Deal Size ($mm) $176
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/25/2021
Offer Price $16.00
Price Range $14.00 - $16.00
Offer Shares (mm) 11.0
Deal Size ($mm) $176
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Goldman Sachs
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Company Data
Headquarters Boulder, CO, United States
Founded 2017
Employees 19
Website www.edgewisetx.com

Edgewise Therapeutics (EWTX) Performance