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Design Therapeutics Priced, Nasdaq: DSGN

Preclinical biotech developing small molecule therapies for genetic diseases.

Industry: Health Care

Latest Trade: $3.64 +0.12 (+3.4%)

First Day Return: +107.5%

Return from IPO: -82.4%

Industry: Health Care

We are a preclinical-stage biopharmaceutical company pioneering novel small-molecule therapeutic candidates, called gene targeted chimeras (GeneTACs), that are designed to be disease-modifying and target the underlying cause of inherited nucleotide repeat expansion diseases. Certain nucleotide repeat expansion diseases, such as Friedreich ataxia (FA), can result in reduced expression of specific mRNAs; in other diseases, such as myotonic dystrophy type-1 (DM1), Fuchs endothelial corneal dystrophy (FECD), and Huntington disease, the nucleotide repeat expansions result in the generation of toxic gene products, often associated with pathological nuclear foci. Our GeneTACs are designed to selectively bind to genetic repeat sequences, modulate gene expression either by restoring or blocking transcription, and restore cellular health. As a platform, we believe that GeneTACs have broad potential applicability across monogenic nucleotide repeat expansion diseases.
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IPO Data
IPO File Date 03/05/2021
Offer Price $20.00
Price Range $18.00 - $20.00
Offer Shares (mm) 12.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/25/2021
Offer Price $20.00
Price Range $18.00 - $20.00
Offer Shares (mm) 12.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Leerink Partners
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Company Data
Headquarters Carlsbad, CA, United States
Founded 2017
Employees 15
Website www.designtx.com

Design Therapeutics (DSGN) Performance