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Decibel Therapeutics Priced, Nasdaq: DBTX

Developing preclinical gene therapies for hearing loss and balance disorders.

Industry: Health Care

Latest Trade: $4.91 0.00 (0.0%)

First Day Return: +0.2%

Return from IPO: -72.7%

Industry: Health Care

We are a clinical-stage biotechnology company dedicated to discovering and developing transformative treatments for hearing and balance disorders, one of the largest areas of unmet need in medicine. We aim to restore and improve hearing and balance through the restoration and regeneration of functional hair cells and non-sensory support cells within the inner ear. We have built a proprietary platform that integrates single-cell genomics and bioinformatics analyses, precision gene therapy technologies and our expertise in inner ear biology. We are leveraging our platform to advance our pipeline of preclinical gene therapy programs that are designed to selectively replace genes for the treatment of congenital, monogenic hearing loss and to regenerate inner ear hair cells for the treatment of acquired hearing and balance disorders. We are developing our lead gene therapy product candidate, DB-OTO, to provide hearing to individuals born with profound hearing loss due to mutation of the otoferlin, or OTOF, gene. We are also advancing DB-ATO, our gene therapy program designed to restore balance in patients with bilateral vestibulopathy, or BVP, by regenerating lost hair cells within the inner ear.
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IPO Data
IPO File Date 01/22/2021
Offer Price $18.00
Price Range $16.00 - $18.00
Offer Shares (mm) 7.1
Deal Size ($mm) $127
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/11/2021
Offer Price $18.00
Price Range $16.00 - $18.00
Offer Shares (mm) 7.1
Deal Size ($mm) $127
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Leerink Partners
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Company Data
Headquarters Boston, MA, United States
Founded 2013
Employees 37
Website www.decibeltx.com

Decibel Therapeutics (DBTX) Performance