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Vera Therapeutics Priced, Nasdaq: VERA

Phase 2b biotech developing fusion proteins for immunological diseases.

Industry: Health Care

Latest Trade: $39.65 0.00 (0.0%)

First Day Return: +4.5%

Return from IPO: +260.5%

Industry: Health Care

We are a clinical stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunological diseases. Our lead product candidate is atacicept, a fusion protein self-administered as a subcutaneous injection once weekly that blocks both B lymphocyte stimulator (BLyS) and a proliferation-inducing ligand (APRIL), which stimulate B cells and plasma cells to produce autoantibodies contributing to certain autoimmune diseases. We are conducting a Phase 2b clinical trial of atacicept in patients with immunoglobulin A nephropathy (IgAN), a disease with a high unmet medical need and no approved therapies. As reported in a Phase 2a clinical trial of 16 patients conducted by Merck KGaA, Darmstadt, Germany, atacicept is the first and only molecule currently in development to demonstrate a 60% reduction in plasma Gd-IgA1 in IgAN patients (75 mg dose, n=4 at 24 weeks), which we believe can be disease modifying. We plan to initiate patient screening for our Phase 2b clinical trial in IgAN in the second quarter of 2021, and we expect to report topline results in the fourth quarter of 2022.
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IPO Data
IPO File Date 04/23/2021
Offer Price $11.00
Price Range $14.00 - $16.00
Offer Shares (mm) 4.4
Deal Size ($mm) $48
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/13/2021
Offer Price $11.00
Price Range $14.00 - $16.00
Offer Shares (mm) 4.4
Deal Size ($mm) $48
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Jefferies
TD Cowen
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Company Data
Headquarters South San Francisco, CA, United States
Founded 2016
Employees 29
Website www.veratx.com

Vera Therapeutics (VERA) Performance