Sunday, June 1, 2025

Latest

Biotech Firm CinCor Pharma Kicks Off Nasdaq IPO Roadshow

Clinical-stage biopharmaceutical company CinCor Pharma, Inc. is setting its sights on trading at the Nasdaq Global Market. The firm announced on Monday the launch of its initial public offering of 11.0 million common shares.

The biotech firm is targeting the share price between US$15.00 and US$17.00 per share, which puts target proceeds from the offering at US$187 million on the high end of the range.

The shares are expected to trade on the Nasdaq big board under the symbol “CINC”. The underwriters also have a 30-day over-allotment option to purchase additional 1.65 million shares.

The pharmaceutical firm is focused on its lead drug candidate CIN-107, an oral aldosterone synthase inhibitor which makes it a potential treatment for hypertension and other cardio-renal diseases. The drug is currently in two phase 2 clinical trials, one for treatment-resistant hypertension and one for primary aldosteronism.

The company is led by CEO Marc de Garidel, a former CEO and the current board chairman of Euronext Paris-listed pharmaceutical firm Ipsen.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Solaris Resources: The Royal Gold Financing Package

How a Single Deal Turned 2 ‘Dead’ Mines into a $2B Project | Canadian Copper PEA – Simon Quick

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Recommended

Brazil Potash Completes Site Prep For Port Terminal

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Related News

It’s Been A Painful Year For IPOs, Proceeds Are Down 93%

It hasn’t been a good year for companies going public  — uncertainty from mounting recession...

Monday, December 5, 2022, 03:06:00 PM

Ex-Sony Entertainment CEO-Led Gaming SPAC PowerUp Acquisition Prices Upsized US$250 Million IPO

Special purpose acquisition company PowerUp Acquisition Corp (Nasdaq: PWUPU) started trading publicly on the Nasdaq...

Friday, February 18, 2022, 02:26:00 PM

Language Platform Duolingo Files For IPO On Nasdaq

Language learning platform Duolingo Inc. announced Monday that it has filed a registration statement relating...

Tuesday, June 29, 2021, 10:53:00 AM

Geely’s Electric Car Brand Zeekr Reportedly Filed For US IPO

Zeekr, a premium electric car brand owned by China’s Geely, announced Tuesday that it has...

Wednesday, December 14, 2022, 08:30:00 AM

Healthcare Reimbursement Firm MSP Recovery To Be Taken Public In A US$32.6 Billion SPAC Merger

Health insurance reimbursement platform MSP Recovery (Nasdaq: MSPR) closed its business combination with special purpose...

Thursday, May 26, 2022, 02:21:00 PM