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LENZ Therapeutics (Graphite Bio) Priced, Nasdaq: LENZ

Phase 1/2-ready biotech developing gene editing therapies for sickle cell and other diseases.

Industry: Health Care

Latest Trade: $15.72 0.00 (0.0%)

First Day Return: +8.8%

Return from IPO: -86.8%

Industry: Health Care

We are a clinical-stage, next-generation gene editing company harnessing high efficiency targeted gene integration to develop a new class of therapies to potentially cure a wide range of serious and life-threatening diseases. We are pioneering a precision gene editing approach to achieve one of medicine’s most elusive goals: to precisely “find & replace” any gene in the genome. Our next-generation gene editing platform allows us to precisely correct mutations, replace entire disease-causing genes with normal genes, or insert new genes into predetermined, safe locations. We believe our approach could enable broad applications to transform human health, including directly correcting mutations, engineering cells to permanently deliver therapeutic proteins, and precisely engineering effector cells to treat or cure a wide range of serious genetic and other diseases, including cancer, autoimmune and neurodegenerative diseases. Our lead product candidate GPH101 is a highly differentiated approach with the potential to directly correct the mutation that causes sickle cell disease (SCD) and restore normal adult hemoglobin (HgbA) expression. Curing sickle cell disease by correcting the disease-causing point mutation to normal is viewed as the gold-standard for curing SCD and has been the dream of treating physicians for generations. We have received clearance of our Investigational New Drug (IND) and we intend to enroll the first patient in a Phase 1/2 clinical trial of GPH101 in the second half of 2021, with initial proof-of-concept data expected by the end of 2022.
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IPO Data
IPO File Date 06/04/2021
Offer Price $17.00
Price Range $15.00 - $17.00
Offer Shares (mm) 14.0
Deal Size ($mm) $238
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/24/2021
Offer Price $17.00
Price Range $15.00 - $17.00
Offer Shares (mm) 14.0
Deal Size ($mm) $238
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
BofA Securities
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Company Data
Headquarters South San Francisco, CA, United States
Founded 2017
Employees 27
Website graphitebio.com

LENZ Therapeutics (Graphite Bio) (LENZ) Performance