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Week of Expected Pricing 2/16/2024
Company Name CHROMOCELL THERAPEUTICS CORP
Proposed Ticker CHRO
CUSIP 171126105
Business Description A clinical-stage biotech company focused on developing and commercializing new therapeutics to alleviate pain. Our clinical focus is to selectively target the sodium ion-channel known as “NaV1.7”, as well as other receptors in the NaV family. NaV1.7 has been genetically validated as a pain receptor in human physiology. Genetic studies have shown that families with a certain inherited NaV1.7 modulation consistently show a pathology of not feeling pain. A NaV1.7 blocker is a chemical entity that modulates the structure of the sodium-channel in a way to prevent the transmission of pain perception to the central nervous system (“CNS”). Our goal is to develop a novel and proprietary class of NaV blockers that target the body’s peripheral nervous system, initially for Erythromelalgia (“EM”), a rare condition that primarily affects the feet and, less commonly, the hands (extremities). It is characterized by intense, burning pain of affected extremities, severe redness (erythema), and increased skin temperature that may be episodic or almost continuous in nature.
Lead Underwriter A.G.P./Alliance Global Partners
Co-Managers N/A
Initial Shares 1,100,000
Revised Initial Shares N/A
Initial Price $6.00-$6.00
Revised Price N/A
Final Price $6.00
Final Ticker CHRO

 

 

   
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