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Biomea Fusion Priced, Nasdaq: BMEA

Preclinical biotech developing small molecule therapies for genetically defined cancers.

Industry: Health Care

Latest Trade: $10.78 0.00 (0.0%)

First Day Return: +9.4%

Return from IPO: -36.6%

Industry: Health Care

We are a preclinical-stage biopharmaceutical company focused on the discovery, development and commercialization of irreversible small molecule drugs to treat patients with genetically defined cancers. An irreversible small molecule drug is a synthetic compound that forms a permanent bond to its target protein and offers a number of potential advantages over conventional reversible drugs, including greater target selectivity, lower drug exposure and the ability to drive a deeper, more durable response. Our lead product candidate, BMF-219, is designed to be an orally bioavailable, potent and selective irreversible inhibitor of menin, an important transcriptional regulator known to play a direct role in oncogenic signaling in multiple cancers. We are currently completing investigational new drug (IND) enabling studies and expect to file an IND application with the U.S. Food and Drug Administration (FDA) in the second half of 2021.
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IPO Data
IPO File Date 03/26/2021
Offer Price $17.00
Price Range $15.00 - $17.00
Offer Shares (mm) 9.0
Deal Size ($mm) $153
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/15/2021
Offer Price $17.00
Price Range $15.00 - $17.00
Offer Shares (mm) 9.0
Deal Size ($mm) $153
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Jefferies
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Company Data
Headquarters Redwood City, CA, United States
Founded 2017
Employees 12
Website www.biomeafusion.com

Biomea Fusion (BMEA) Performance