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Elevation Oncology Priced, Nasdaq: ELEV

Phase 2 biotech developing targeted therapies for cancer in genomically-defined patients.

Industry: Health Care

Latest Trade: $3.79 +0.17 (+4.7%)

First Day Return: -28.5%

Return from IPO: -77.4%

Industry: Health Care

We are a precision oncology company focused on the development of targeted therapeutics for the treatment of cancer in genomically-defined patient populations. Our vision is to elevate precision medicine to the forefront of every cancer treatment journey, as we believe that each patient living with cancer deserves the opportunity to benefit from a genomically-driven treatment decision. We utilize our deep expertise in developing drugs for rare, genomically-defined patient populations and strategic collaborations with our diagnostic collaborators to work towards a future where each tumor’s unique genomic test result can be matched with a purpose-built precision medicine. Our lead program is focused on neuregulin-1, or NRG1, fusions, which are rare genomic alterations that have recently been identified as oncogenic driver alterations and that we believe have the potential to be therapeutically actionable through targeted HER3 inhibition. We have designed and initiated our potentially registration-enabling Phase 2 CRESTONE trial to investigate the safety and efficacy of seribantumab, an anti-HER3 monoclonal antibody, in advanced solid tumors harboring an NRG1 fusion.
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IPO Data
IPO File Date 06/04/2021
Offer Price $16.00
Price Range $15.00 - $17.00
Offer Shares (mm) 6.3
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/24/2021
Offer Price $16.00
Price Range $15.00 - $17.00
Offer Shares (mm) 6.3
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
TD Cowen
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Company Data
Headquarters New York, NY, United States
Founded 2019
Employees 8
Website elevationoncology.com

Elevation Oncology (ELEV) Performance