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Chromocell Therapeutics Priced, NYSE American: CHRO

Phase 1 biotech developing a non-addictive pain blocker using a sodium ion channel.

Industry: Health Care

Latest Trade: $1.74 0.00 (0.0%)

First Day Return: -20.0%

Return from IPO: -71.0%

Industry: Health Care

We are a clinical-stage biotech company focused on developing and commercializing new therapeutics to alleviate pain. Our clinical focus is to selectively target the sodium ion-channel known as “NaV1.7”, as well as other receptors in the NaV family. NaV1.7 has been genetically validated as a pain receptor in human physiology. Genetic studies have shown that families with a certain inherited NaV1.7 modulation consistently show a pathology of not feeling pain. A NaV1.7 blocker is a chemical entity that modulates the structure of the sodium-channel in a way to prevent the transmission of pain perception to the central nervous system (“CNS”). Our goal is to develop a novel and proprietary class of NaV blockers that target the body’s peripheral nervous system, initially for Erythromelalgia (“EM”), a rare condition that primarily affects the feet and, less commonly, the hands (extremities). It is characterized by intense, burning pain of affected extremities, severe redness (erythema), and increased skin temperature that may be episodic or almost continuous in nature.
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IPO Data
IPO File Date 01/11/2023
Offer Price $6.00
Price Range $5.50 - $6.50
Offer Shares (mm) 1.1
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/15/2024
Offer Price $6.00
Price Range $5.50 - $6.50
Offer Shares (mm) 1.1
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
A.G.P.
Company Data
Headquarters Freehold, NJ, United States
Founded 2021
Employees 6
Website chromocell.com

Chromocell Therapeutics (CHRO) Performance