Renaissance Capital logo

Kyverna Therapeutics Priced, Nasdaq: KYTX

Phase 1 biotech developing cell therapies for autoimmune diseases.

Industry: Health Care

Latest Trade: $27.70 -0.18 (-0.6%)

First Day Return: +36.4%

Return from IPO: +26.7%

Industry: Health Care

We are a patient-centered, clinical-stage biopharmaceutical company focused on developing cell therapies for patients suffering from autoimmune diseases. Our cell therapy approach to the treatment of autoimmune diseases is supported by the scientific publication of multiple autoimmune case studies using CD19 CAR T-cell treatment as well as early clinical data from our ongoing trials illustrating the disease-modifying potential of these therapies. This validation provides us with a clear path to continue advancing our lead product candidate, KYV-101, through clinical development across two broad areas of autoimmune disease: rheumatology and neurology. We intend to develop KYV-101 in two broad areas of autoimmune disease: rheumatology and neurology. Our initial rheumatology development focus is on lupus nephritis, or LN, and systemic sclerosis, or SSc. We are conducting two trials of KYV-101 in patients with LN, an autoimmune disease in which more than half of patients do not achieve a complete response to current therapies and are at risk of developing kidney failure. In addition to LN, we received IND clearance in October 2023 for a Phase 1/2 study in SSc. We intend to initially focus our neurology development on myasthenia gravis, or MG, and multiple sclerosis, or MS. We received IND clearance in November 2023 for a Phase 2 study in MG, and we received IND clearance in December 2023 for a Phase 2 study in MS.
more less
IPO Data
IPO File Date 01/16/2024
Offer Price $22.00
Price Range $20.00 - $21.00
Offer Shares (mm) 14.5
Deal Size ($mm) $319
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/07/2024
Offer Price $22.00
Price Range $20.00 - $21.00
Offer Shares (mm) 14.5
Deal Size ($mm) $319
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Morgan Stanley
more
Company Data
Headquarters Emeryville, CA, United States
Founded 2018
Employees 84
Website kyvernatx.com

Kyverna Therapeutics (KYTX) Performance