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Verve Therapeutics Priced, Nasdaq: VERV

Preclinical biotech developing single-course gene editing therapies for cardiovascular disease.

Industry: Health Care

Latest Trade: $6.64 0.00 (0.0%)

First Day Return: +68.0%

Return from IPO: -65.1%

Industry: Health Care

We are a genetic medicines company pioneering a new approach to the care of cardiovascular disease, or CVD, transforming treatment from chronic management to single-course gene editing medicines. Despite advances in treatment over the last 50 years, CVD remains the leading cause of death worldwide. The current paradigm of chronic care is fragile – requiring rigorous patient adherence, extensive healthcare infrastructure and regular healthcare access – and leaves many patients without adequate care. Our goal is to disrupt the chronic care model for CVD by providing a new therapeutic approach with single-course in vivo gene editing treatments focused on addressing the root causes of this highly prevalent and life-threatening disease. Our initial two programs target PCSK9 and ANGPTL3, respectively, genes that have been extensively validated as targets for lowering blood lipids, such as low-density lipoprotein cholesterol, or LDL-C. We believe that editing these genes could potently and durably lower LDL-C throughout the lifetime of patients with or at risk for atherosclerotic cardiovascular disease, or ASCVD, the most common form of CVD. We are advancing a pipeline of single-course in vivo gene editing programs, each designed to mimic natural disease resistance mutations and turn off specific genes in order to lower blood lipids, thereby reducing the risk of ASCVD.
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IPO Data
IPO File Date 05/28/2021
Offer Price $19.00
Price Range $16.00 - $18.00
Offer Shares (mm) 14.0
Deal Size ($mm) $267
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/16/2021
Offer Price $19.00
Price Range $16.00 - $18.00
Offer Shares (mm) 14.0
Deal Size ($mm) $267
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Jefferies
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Company Data
Headquarters Cambridge, MA, United States
Founded 2018
Employees 63
Website www.vervetx.com

Verve Therapeutics (VERV) Performance