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Telomir Pharmaceuticals Priced, Nasdaq: TELO

Preclinical developer of an oral small molecule therapy for hemochromatosis.

Industry: Health Care

Latest Trade: $9.07 +0.13 (+1.5%)

First Day Return: -28.6%

Return from IPO: +27.7%

Industry: Health Care

We are a pre-clinical-stage pharmaceutical company focused on the development and commercialization of TELOMIR-1, a novel small molecule being developed to function as an oral in situ therapeutic treatment for human stem cells. Based on our pre-clinical studies and if approved by the FDA and comparable foreign regulators, we believe that TELOMIR-1 may potentially serve as a metal enzyme inhibitor of essential metals such as zinc and copper. These essential metals play an important role in the production and function of many enzymatic reactions and the modulation of key cellular pathways. Our initial focus will be on treatments to inhibit the production of pro-inflammatory cytokines, such as IL-17, by oral administration of TELOMIR-1 as a therapeutic treatment for stem cells in situ. To the best of our knowledge, there is no approved oral IL-17 inhibitor. Our goal is to advance the clinical development of TELOMIR-1 in the United States for the treatment of age-related inflammatory conditions such as hemochromatosis and osteoarthritis, as well as in post-chemotherapy recovery, with our initial targeted indications being hemochromatosis and post-chemotherapy recovery.
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IPO Data
IPO File Date 11/14/2023
Offer Price $7.00
Price Range $7.00 - $7.00
Offer Shares (mm) 1.0
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/08/2024
Offer Price $7.00
Price Range $7.00 - $7.00
Offer Shares (mm) 1.0
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Kingswood Capital Markets
Company Data
Headquarters Baltimore, MD, United States
Founded 2021
Employees 6
Website www.telomirpharma.com

Telomir Pharmaceuticals (TELO) Performance