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Rain Oncology (Rain Therapeutics) Priced, Nasdaq: RAIN

Phase 3-ready biotech developing in-licensed therapies for cancer.

Industry: Health Care

Latest Trade: $1.21 0.00 (0.0%)

First Day Return: -7.1%

Return from IPO: -92.9%

Industry: Health Care

We are a clinical-stage precision oncology company developing therapies that target oncogenic drivers for which we are able to genetically select patients we believe will most likely benefit. This approach includes using a tumor-agnostic strategy to select patients based on their tumors’ underlying genetics rather than histology. Our lead product candidate, RAIN-32 (milademetan, formerly known as DS-3032), is a small molecule, oral inhibitor of mouse double minute 2 (MDM2), which is oncogenic in numerous cancers. We in-licensed RAIN-32 in September 2020 based on the results of a Phase 1 clinical trial, which demonstrated meaningful antitumor activity in an MDM2-amplified subtype of liposarcoma (LPS) and other solid tumors. Based on these data, we anticipate commencing a pivotal Phase 3 trial in LPS in the second half of 2021, a Phase 2 tumor-agnostic basket trial in certain solid tumors in the second half of 2021 and a Phase 2 trial in intimal sarcoma by early 2022. In addition to RAIN-32, we are also developing a preclinical program that is focused on inducing synthetic lethality in cancer cells by inhibiting RAD52.
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IPO Data
IPO File Date 04/02/2021
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 7.4
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/22/2021
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 7.4
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Citi
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Company Data
Headquarters Newark, CA, United States
Founded 2017
Employees 17
Website www.rainthera.com

Rain Oncology (Rain Therapeutics) (RAIN) Performance