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Foghorn Therapeutics Priced, Nasdaq: FHTX

Preclinical biotech developing gene therapies for hematologic cancers and solid tumors.

Industry: Health Care

Latest Trade: $11.57 0.00 (0.0%)

First Day Return: +13.3%

Return from IPO: -27.7%

Industry: Health Care

We are pioneering the discovery and development of a new class of medicines targeting genetically determined dependencies within the chromatin regulatory system, an untapped opportunity for therapeutic intervention. Our proprietary Gene Traffic Control platform gives us an integrated, mechanistic understanding of how the various components of the chromatin regulatory system interact, allowing us to identify, validate and potentially drug targets within the system. Breakdowns in the chromatin regulatory system are associated with over 50 percent of all cancers. Addressing these breakdowns could potentially provide therapies for over 2.5 million patients. Consequently we are initially focused in oncology. We are developing FHD-286, a selective, allosteric ATPase inhibitor, and FHD-609, a protein degrader, to treat hematologic cancers and solid tumors, for which we plan to file INDs in the fourth quarter of 2020 and in the first half of 2021, respectively. Our product candidates are in preclinical development, and so we currently do not have any products approved for commercial sale. Our vision is to use our Gene Traffic Control platform to discover and develop drugs in oncology and other therapeutic areas, including virology, autoimmune disease and neurology.
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IPO News for Foghorn Therapeutics
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IPO Data
IPO File Date 10/02/2020
Offer Price $16.00
Price Range $15.00 - $17.00
Offer Shares (mm) 7.5
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/22/2020
Offer Price $16.00
Price Range $15.00 - $17.00
Offer Shares (mm) 7.5
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Cambridge, MA
Founded 2015
Employees 85
Website foghorntx.com